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In a two year setting Rod has earnings of $8000 this year and earnings of $25,000 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line? What is the interpretation of the slope? Suppose that Rod could choose, instead, to earn $22,000 this year and $10,000 next year. Would Rod choose this second option? Why would it be wrong to add together year one earnings and year two earnings in deciding his choice? What must you do instead? Prove which he would prefer. Does his choice depend on anything other than financial considerations?
Consider an economy with a labour force of 10,000. Each worker can produce 100 kilograms of agricultural produce per year or 200 manufactured items. a) Construct the production possibility frontier (PPF). b) Suppose the labour force grows by 20 per..
1. What is the relationship between a firm's total revenue, profit, and total cost? 2. What are the market characteristics of perfect competition? What examples come closest to perfect competition?
market preparation for retail buyers1. what are the purposes of buying trip?2. identify a buyers activities during a
What are some of the filmmaking techniques used in the movies - camerawork (cinematography), the editing (montage), and the sound (this can include the music)? What are some general conclusions about the work of the director and one of the main ch..
Pick two FACE reports and do the following in a maximum of 2 pages per report (i.e total of 4 pages for both reports; note: do NOT pick the FACE reports covered in class):
Describe how your selected organization or association can contribute towards increasing your professional knowledge and abilities. Deliberate how this knowledge and these abilities can affect your career success
1. Explain the challenges involved in new-venture development. 2. Describe some of the key factors involved in new- venture performance
Describe how the division addresses customer needs and achieves competitive advantage.
Describe how ethics played a role or could have played a larger role in preventing this situation
Explain against the law regardless of it being a normal practice and okay because their duties are primarily clerical in nature
The company uses direct contact and the hierarchy of authority to coordinate and control activities. What design challenge does this organization face?
Industries in perfect competition face a horizontal demand curve because they set the price for their product which makes the graph horizontal.
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