1. Suppose there are 100 consumers with identical individual demand curves. When the price of a movie ticket is $8‚ the quantity demanded for each person is 5. When the price is $4‚ the quantity demanded for each person is 9. Assuming the law of demand holds‚ which of the following choices is the most likely quantity demanded in the market when the price is $6? Explain and show calculations‚ While the question asks of the choices given what the quantity demanded will be‚ there are no choices
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"The Fronde" The Fronde was a period of uncertainty in France. A time in which a newly crowned king of just ten years old at the time. A young king named Louis XIV was chased by the upper middle class and the nobility and treated as prisoners. These two social groups required some change in their government. They desired less powering the hand of the king and more toward the people’s hands. However‚ everyone knows that this contradicts what Louis XIV desired for France; an absolute monarchy. One
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Investment Appraisal under Uncertainty Question a Internal Memo Date: November 15‚ 2012 Subject: Investment report To: Mr. Michael the Chief Engineer Mr. Richard the accountant Mrs. Rachel the economist From: Alex the Managing Director Hello‚ everyone‚ I would like to present an introduction and brief description of the investment project to you‚ and wish to make sense as much as possible. To begin with‚ this project
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market demand curve is given by QD=15-8P and the market supply curve QS=2P‚find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ‚the income of the consumer falls. Assuming computers to be normal good‚ what will be the equilibrium price & quantity for computers in this case? 002 1. Managerial economics helps in decision making in the framework of uncertainty & scarcity
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Uses and gratifications theory From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search Sociology Outline Theory · History Positivism · Antipositivism Functionalism · Conflict theory Middle-range · Mathematical Critical theory · Socialization Structure and agency Research methods Quantitative · Qualitative Historical · Computational Ethnographic · Network analytic Topics · Subfields Cities · Class · Crime · Culture Deviance · Demography · Education Economy · Environment ·
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DETERMINANTS OF DEMAND The determinants of individual demand of a particular good‚ service or commodity refer to all the factors that determine the quantity demanded of an individual or household for the particular commodity. 1) INCOME Income is one of the factors that affect the demand for a given product. Normally‚ we expect that as one’s income rises (falls)‚ the demand for a product will rise (fall). Because we normally expect this to be true‚ a good for which this statement
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EXPERIMENT The purpose of this lab was to determine the magnitude of the uncertainties produced when making measurements using common lab equipment. II.APPARATUS AND MATERIALS NEEDED safety goggles distilled water (at 20°C) laboratory apron dropper laboratory balance 2 objects of unknown mass standard masses graduated cylinder‚ 10-mL graduated cylinder‚ 100-mL III.PROCEDURE Part A: Estimating the Uncertainty of a Balance 1.We put on lab aprons and goggles. Then‚ we used the zeroing
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exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods must rise due to excess demand D. choices must be made and tradeoffs will occur 3. The ’no-free-lunch’ principle is another name for the A. cost-benefit principle B. the scarcity principle C. the ceteris paribus principle D. the marginal (not average) principle
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(3) there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government
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SPECIAL ARTICLE 3G Spectrum Auctions in India: A Critical Appraisal Alok Kumar That auction should be a preferred route to allocate scarce resources such as spectrum is conditional upon getting the auction design right. We analyse the auction design employed in the spectrum allocation for third generation and broadband wireless access services‚ assessing its success on the parameters of revenue realisation‚ efficiency‚ post-auction market structure‚ and impact on consumers. While the auction
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