situation (illegal) * MC=WMPL * X=aa+b×MPx or Y=ba+b×MPy * Y = M/Py – (Px/Py)X * Isocost Line: C(Q)=wL+rK | Variation: K=TCr-wrL | Slope: -(w/r) * Isoquant Slope: -(MPL/MPK) | MPLMPK=aKbL=∆K∆L * Optimal cost-minimization: MRTS=MPLMPK=wr Questions (word for word from quizzes) * A firm has market power when it can profitably charge a price that is above its MC * The more elastic is the demand for a product‚ the closer is MR to the price * When a monopolist maximizes
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Diploma of Financial Services (FP) Case Study It is November‚ 2010. You are an authorised representative of a full-service licensed dealer group‚ Azza Financial Services Pty Ltd. Allison and Simon Callahan have come in to see you to ask for your assistance to plan out their next five years and then help them settle into retirement. Allison (aged 54) and Simon (aged 52) have been married for 29 years and live at Lot 3 Wattle Road‚ Hurstbridge‚ Vic. Their only child
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Homework Questions 1) El Niño wind patterns affected the weather across the United States during the winter of 1997–1998. Suppose the demand for home heating oil in Connecticut is given by Q = 20 – 2Phho + 0.5Png – TEMP‚ where Q is the quantity of home heating oil demanded‚ Phho is the price of home heating oil per unit‚ Png is the price of natural gas per unit‚ and TEMP is the absolute difference between the average winter temperature over the past 10 years and the current average winter temperature
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Geodesy University of Technology‚ Jamaica Lecture 2 Coordinate Systems and Datums In Jamaica University of Technology‚ Jamaica Overview • • • • • • • • • • Conventional Terminology Geodetic Coordinate Systems The Concept of Datums Defining a Geodetic Datum The Jamaican Datum GPS Datum Coordinate Transformation Projection to National Grid Summary Exercise University of Technology‚ Jamaica Lesson Objectives • By the end of this lesson‚ students should be able to: – Define a
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Microeconomics study guide Chapter 6 Notes: Firms and Production A firm converts inputs into outputs What firms want: 1. Profit : π = R - C 2. efficient production to maximize π -efficient production alone is not sufficient to ensure a firm’s π is maximized How they are organized 1. information exchange 2. incentives for workers Production Function q = f(L‚K) relationship b/w quantities of inputs used & max quantity of output that can be produced given current knowledge about
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3. “The threat of religious terrorism to Singapore is more apparent than real”. Do you agree? “Despite counter-terrorism successes by regional authorities‚ the terrorist threat in the region and to Singapore remains real.” – Mr K Shanmugam‚ Minister for Law and Second Minister for Home Affairs (AsiaOne News‚ July 19th 2010) Introduction Firstly‚ there is a need to clearly distinguish between apparent threat and real threat. This essay will adopt the definition that apparent
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Nearly 8 years after the financial crisis very few individuals have actually faced charges‚ a point which has resulted in understandable anger from both member of the public and politicians. In order for regulators to maintain their “social licence”‚ they need to operate in a fair and accountable way‚ working with the interests of society in mind . The new remuneration rules and the SMR are introduced by a joint regulatory approach. The regimes are aligned to specific interests of the regulators:
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Gases and Atmospheric Pressure Three types of motion and kinetic energy -particles in a substance have three type of motion and therefore three types of kinetic energy -vibrational motion -vibreational kinetic energy -all particles have this type of energy -rotational motion -rotational kinetic energy -particles in liquid and fases have some solids have this energy type -translational motion -translational kinetic energy -only particles in liquid and gas have this type of energy
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Coffee club’s vision‚ mission and goals Vision : “To be a global leader in retail food and franchising (about us 2011). Mission: Coffee club’s missions are focus on the consumers‚ which is provide: * Good food‚ great service‚ and excellent coffee * A welcoming relaxed meeting place enriching contemporary * The answer a question “where will I meet you?” (about us 2011) Goals: The coffee club’s goals are: * Proving a relaxed place where people can hang out
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The RH bill would cause much higher prices of commodities and health care products in the Philippines because of the fact that businesses and hospitals would be compelled to offset the RH care expenses that they are going to pay for their workers. This bill is not good for everybody‚ as it would create a wave of economic regulations and controls. This might also cause the government to issue price controls and other regulatory edicts so to prevent companies and even hospitals from raising the prices
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