spend $15 to buy a pack of sandwiches or a bowl of fish-ball noodles form a street hawker. Explain the effect on Eason’s opportunity cost of buying the sandwiches if a cockroach is found inside the noodle soup. Eason’s opportunity cost of buying the sandwiches is a bowl of fish-ball noodles‚ however‚ there is a cockroach found inside the noodle soup‚ therefore his opportunity cost would decrease due to the value of the fish-ball noodles would decrease because of a cockroach found. 2A)(i) Distinguish
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According to Edward Tylor‚ culture is defined as ‘a complex whole which includes knowledge‚ belief‚ art‚ morals‚ law‚ custom‚ and other capabilities acquired by man as a member of society’ (Dowling et al.‚ 2009). Indeed‚ culture is defined by norms‚ values‚ social interactions‚ language and others personal components shared by groups of people across the world. From a country to another‚ humans have developed different types of symbolic‚ aesthetic expressions‚ beliefs and codes of behaviour which
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$500‚000 x 14% = $70‚000 Explicit Costs: What is paid for products/services = $80‚000 Total Economic Costs: Implicit Costs + Explicit Costs = $70‚000 + $80‚000 = $150‚000 b) Economic Profit: Total Revenues – Total Economic Cost = $175‚000 - $150‚000 = $25‚000 c) Accounting Profit: Total Revenues – Explicit Costs = $175‚000 - $80‚000 = $95‚000 d) New Implicit Costs = $500‚000 x 20% = $100‚000 Economic Profit: $175‚000 – ($100‚000 + $80‚000) = $ (5‚000) Chapter Two Technical Problem 1 Qd
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Assignment on Micro-Economics Submitted To: Md. Ridwan Reza Lecturer Department of Business Administration Leading University‚Sylhet. Submitted By: Rahat Sarwat Md. Sal Sabil ID: 1001010143 Md. Saddam Hussain ID: 1001010101 Adnan Islam ID: 1001010144 Syed Shaker Ahmed ID: 1001010125 Md. Lahinur Rahman ID: 1001010129
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1. The theory of consumer choice provides the foundation for understanding a. the structure of a firm. b. the profitability of a firm. c. a firm ’s product demand. d. a firm ’s product supply. ANS: C PTS: 1 DIF: 1 REF: 21-0 TOP: Consumer choice MSC: Definitional 2. The theory of consumer choice examines a. the determination of output in competitive markets. b. the tradeoffs inherent in decisions made by consumers. c. how consumers select inputs into manufacturing production processes. d. the determination
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own perceptions and beliefs. These barriers to cultural diversity exist because of the ways in which different cultures facilitate perceptions and beliefs regarding others and themselves. Dimensions of Culture‚ Values and Communication Our text describes culture as " the structure through which communication is formulated and interpreted. Culture deals with the way people live. Culture is learned through perceptions that are formed in various ways; where we are born and raised‚ the language we
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Introduction Culture is the belief‚ behavior and attitude of group of the people‚ their values‚ their accumulated experience acquired over time‚ etc.‚ hence‚ the issue of culture is vary in each society or nations. Every nation have their own cultural disposition. Therefore‚ each organization has their own culture that they practice and believed in in achieving their goals and objectives in order to maximize the shareholders profit and wealth. In international negotiation‚ each party should drawn
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Value of Popular Culture Jim and Pam got married‚ Ke$ha brushes her teeth with whiskey‚ and Lady Gaga ponders if we are actually born predisposed to be weird. No matter where you look‚ we are surrounded by pop culture. Popular culture is a sub-culture that is often mocked and scrutinized as not being meaningful or significant‚ pop culture is seen as what is considered “cool” at the moment in time‚ and carries no long-term effects on society or culture as a whole. Emile Durkheim once said “For
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Implications of Affirmative Action on Business ` Affirmative actionprograms‚ as we know them‚ are less than 50 years old‚ and are usually viewedas a series ofpositive steps taken to ensure the representation of minority groups in fields that have traditionallyexcluded them. It protects both racial and ethnic minorities‚ as well as women‚ in the areas of education‚ business‚ and government. Affirmative action‚ whichhas its roots in the Constitutional ideal of equal opportunity‚ is the government’s
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Do values differ across generations? How so? Answer: Yes‚ values differ from generation to generation. INTRODUCTION There is a serious new problem in the most environments‚ and it has nothing to do with crime‚ employment or finance. Instead‚ it is the problem of distinct generations attempting to work together and often colliding as their paths cross. Individuals with different values‚ different ideas‚ different ways of getting things done and
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