Assignment 3 1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt. Driver 2 Left Right Driver 1 Left 0,0 -1000 -1000 Right -1000, -1000 0,0
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ECO Assignment – Melon Enterprise Click Link Below To Buy: http://hwaid.com/shop/eco-assignment-melon-enterprise/ Question 1 The Total Cost for 20 years is 100x + 20x =120x The demand curve therefore is r=70-0.001s Total Revenue within 20 years is 20rs – 1200s -0.02s2 Profit =(1200s-0.02s2)-120s = 1080s – 0.02s2 The maximum amount of profit is ds = 0 1080-0.04s = 0 s=1080*0.04=27,000 sq.m Case 2: Demand Curve is r= 60-0.002s The Total revenue for 20 years is 1000s – 0.002s2 Profit
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The MBBS bond is intended to have negotiable value throughout its life. While the cost of a bond is determined by the price paid for it, an unused bond also has an open-market value because of the demand for goods and services. The maintenance of value is critical because it is likely that bond value will fluctuate within reasonable limits. This will encourage people to save bonds in the same way they save shares, savings certificates, and gold and silver. The MBBS bond would be subject to the following:
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Question 1 1.1 The three basic purposes of macroeconomic theories are: • To explain how different items are associated in the complex real economic world. In the economic environment there are unlimited wants, but the means of getting those wants are limited due to insufficient resources to satisfy all possible uses. Therefore some resources must be given priority over others. Example: Gold has a higher value than quartz in the economic world. Gold is scarcer than quartz, so gold is a higher priority
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The Price of Indebtedness in May-Lee Chai's "Saving Sourdi" Whether stabbing a man with a paring knife or getting a friend to punch her sister's husband in the face, Nea always manages to start trouble for her and her sister, Sourdi. She doesn't do it on purpose, it's just that Nea will do anything to protect her older sister. The issue stems from when the family lived in their native Cambodia; Nea was only four and Sourdi carried her across a minefield on her back. Ever since that moment
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Le calcul de la quantité économique 1 But Une quantité économique est la quantité de produits qu'il faut lancer en fabrication pour que le total annuel des frais d'acquisition (réglage, approvisionnement, planification) et des frais de possession (Stockage et en-cours) soit le plus faible possible. 2 Coût de lancement Le coût de lancement en fabrication d'une série comporte: - Frais d'acquisition matière (service achat). Ce coût varie, selon les entreprises, de 5 à 15 % du coût matière
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ECONOMICS Tutorial Questions Question 1: The demand curve for a product is: Q = 6 – 0.4P (a) Draw the demand and MR curves (b) What is the elasticity of demand at P = 10? Use this result to verify the formula: MR = P(1 + 1/e)
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Economics Jessica Florian BUS640 Managerial Economics Prof. Hong Zhao July 30, 2012 Problems Chapter 1 a) What is the total explicit, total implicit, and total Economic costs in 2010. Explicit costs are defined as monetary opportunity costs. Explicit costs would be the accounting costs listed =$628,000. Implicit costs are defined as nonmonetary opportunity costs. = $15,000 (this is potential gain in stocks) + 175,000
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In agriculture, the term ‘resource use efficiency’ may be broadly defined to include three allied concepts viz. technical efficiency, allocative efficiency and environmental efficiency (Haque, 2006: 64). Analytically, technical efficiency means maximising output for given input (at the level of production possibility frontier). Allocative efficiency implies that the usage of input is minimised. Environmental efficiency, which has nowadays acquired critical relevance, implies that the production process
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EC 3341 International Economics I Fall 2012 National University of Singapore Assignment 1: Labor Productivity and Comparative Advantage: The Ricardian Model The due date for this assignment is 11:59am, September 3 2012 (submission in hardcopy to your respective tutor) 1. Home has 5 units of labor available. Each labor can produce either 4 cars or 3 TVs. (a) Graph Home’ production possibility frontier (PPF). s (b) What is the opportunity cost of cars in terms of TVs? (c) In the absence of trade
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