ESSEX INTERNATIONAL COLLEGE Programme: Unit Number: Unit Title: Unit Code: Credit Value: QCF Level: BTEC Higher National Diploma (HND) in Business 22 Managing Human Resources F/601/1268 15 4 Writer of the brief: Internal Verifier name: Dr K Hoodless Dr M Rahman Learning outcomes and criteria covered by this assignment: All pass criteria All merit descriptors All distinction descriptors Key dates: Assignment distribution date to learners: Assignment submission date for TASK
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School of Economics and Finance University of Tasmania CRICOS Provider Code 00586B 1 1. Elasticity (For details of essential readings and key learning objectives see MyLO and Study Guide 6) 2 Policy-makers: ◦ Need to understand how strong the effects on equilibrium price and quantity will be of various shifts in demand and supply, including policies that rely on changing the incentives that buyers and sellers face in markets. The strength of these effects will determine the
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Situation 1: The motorcycle helmet market has 13 companies, and four firm concentration ratio of 26%. While the helmets have a variety of designs, they are sold at very similar prices. Recently, the death rate from head injuries in motorcycle crashes has been rising. The producers advertise their helmets as “effective,” but some helmets withstand most falls and others are produced with materials that are more likely to crack in commonly experienced falls. The weaker helmets cost about $8 less to
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Total costs Current sales level Fixed costs 0 0 Units sold Break-even Chart 1200 Total revenue Dollars (in thousands) 1000 Target profit Total cost 800 600 400 Fixed cost 200 0 10 20 30 40 50 Sales Volume in Units (in thousands) Break-even Volume 35 30 25 $ Millions 20 15 10 Total Revenue Total Costs Fixed Expenses* 5 0 50 100 Break-even Volume (90,000) 150 200 Units Sold (‘000) Profit
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| Marketing Techniques | Reference | Introduction to marketing | Assignment No | 1 of 4 | Hand out | 13/10/15 | Duration | 3 weeks | Hand in | 6/11/15 | | | | | | | | | Learner | | | | Course | BTEC Level 3 subsidiary Diploma in Business | | | Framework | QCF | Level | 3 | | | No: Unit | 3 introduction to marketing | | | Assessor(s) | Anna Price | | | Internal Verifier | | Dated | | | Filton campus | Lead IV | | Dated | | | 50519 | | | | |
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Solutions to Quick Quizzes Chapter 1 the frontier), point B is an inefficient point (inside the frontier), and point C is an infeasible point (outside the frontier). Chapter 2 1. Economics is like a science because economists devise theories, collect data, and analyze the data in an attempt to verify or refute their theories. In other words, economics is based on the scientific method. Figure 1 shows the production possibilities frontier for a society that produces food and
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by introducing coordinates system in 1637. René Descartes The Cartesian Coordinate System * also known as Rectangular Coordinate System or xy-Coordinate System. * It is made up of two mutually perpendicular number lines with the same unit of length and intersecting at their origin. The origin of its number line is its zero point. * The number lines are called the coordinate axes. * The horizontal line is called the x-axis and the vertical line is called the y-axis. * The
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Total productivity = output/input (50,000 x 3.5) / ((620 x 7.5) + 30,000 + 15,350) = 3.50 Labor Productivity - units/hour | Model | Output in Units | Input in Labor Hours | Productivity (Output/Input) | Deluxe Car | 4,000 | 20,000 | 0.20 | Limited Car | 6,000 | 30,000 | 0.20 | | Labor Productivity - dollars | Model | Output in Dollars | Input in Dollars | Productivity (Output/Input) | Deluxe Car | 4
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1) a. If we do not have scarce resources, will we have a law of demand? Will we observe price rationing for goods? The law of demand states the relationship between quantity demanded and price, showing that the lower the price, the higher the demand and vice versa. If we do not have scarce resources, there will still be a law of demand, because all humans are greedy. This means that we will always want more of what is there and demand always initially exceeds supply, but supply will then catch
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current production levels. 2. (TCO B) Here is some data on the demand for lettuce: Price Quantity $10 100 $ 8 120 $ 6 140 $ 4 160 $ 2 180 (a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do
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