1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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that seeks to maximize its revenue is most likely to adhere to which of the following? Answer Selected Answer: MR =0 Correct Answer: MR =0 Question 4 10 out of 10 points Assume a perfectly competitive firm ’s short-run cost is TC = 100 + 160Q + 3Q2. If the market price is $196‚ what should it do? Answer Selected Answer: produce 6 units and continue operating Correct Answer: produce 6 units and continue operating Question 5 10 out of 10 points When a firm
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Question 1 (a) Price (P‚$’000) Quantity (minutes) Total Revenue (TR‚$’000) Marginal Revenue (MR‚$’000) Total Cost (TC‚$’000) Marginal Cost (MC‚$’000) Average Cost (ATC‚$’000 per minutes) 90 100 9000 --- 5000 --- 50 80 120 9600 30 5500 25 45.83 70 140 9800 10 5700 10 40.71 60 160 9600 -10 6000 15 37.5 50 180 9000 -30 6400 20 35.56 (b) The market structure of television broadcasting industry is oligopoly. As the television broadcasting industry requires
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Economic Analysis of Apple Inc ECO320-65: CAPSTONE Economic Analysis of Apple Inc. Introduction 3 Industry analysis 4 Personal computers 4 Computer software 5 iPod and iTunes 5 Company analysis 7 Apple Computers Inc 7 Apple Inc 8 Innovation 9 Profitability 9 Recommendations 11 Personal computing 11 Conclusions 12 References 13 Appendix 14 Introduction The primary purpose of this report is to execute an economic analysis on Apple Inc. We will review the impacts that the
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1. Analysis of the knowledge management at TCS using the knowledge management value chain model. *Knowledge acquire -TCS has created communities of practices (CoPs) with an animator expert in an area of knowledge to gather best practice on different area of expertise using business case documenting problem and solution. -Then TCS tried to capture technology‚ processes and case studies called Process Asset Libraries. So their intent was more on capturing structure data in the first wave. -In
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An explanation of how decision-making is dealt with in economic analysis requires an examination of the main factors at play. These factors amongst others are looked at as a base for decision making. Supply and Demand are the most fundamental tools used in economic analysis. I will explain what demand is and how the demand curve is derived. I will also write about Supply and its relationship with Demand. I will examine equilibrium price (market clearing price) and how we can calculate or plot it
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BUILD BRIGHT UNIVERSITY SIHANOUKVILLE STUDY CENTER MBA -PROGRAM Course: Production and Operation Management (POM) Preparation Questions and Exercises for Final Examination I. Question : 1) What Objectives of production and operation management? 2) What do you understand by production and operational management? 3) What is Production and Operations Management? What are the scope of Operation Management? 4) Describe the stages of the product life cycle‚ and what are the demand characteristics
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________________________________________ Firm is profitable between Q1 and Q2. At Q3 is the profit is at max point Managers take production right up to the point where TC=TR; if they can [2] Oligopolies can benefit most from going past the profit maximising output because it gives them a market share advantage over their competition. The economic climate can affect managers’ ability to deploy this tactic. If a recession is on the cards then shareholders will be anxious and keeping them and profits high
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unemployment followed by the explanations of various types of unemployment. The report also contains the objective for doing the project and motivation behind doing research on this particular topic. The major portion of the report contains the data and its analysis which is done with the help of bar graphs .It also contains the reasons for increased unemployment and the consequences that Pakistan is facing due to increased unemployment. Some of the major governmental policies have also been discussed in this
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Laurie Holmes April 30‚ 2010 Econ4494W Thesis Proposal: Title IX and College Sports Throughout history‚ according to the laws of almost every country‚ males have been the dominate sex. In almost every sector of life‚ the law has granted men more rights and privileges‚ whether it be property rights or the right to vote. However‚ in the United States‚ ever since women’s suffrage‚ all women’s rights have been increasing steadily. One privilege that men have had in the past‚ active and supported
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