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Faith sees an item priced at £24.50 or €32.50. she considers changing pounds to euros to buy it, at a rate of exchange of £1 = €1.30.
a) Calculate the value of £24.50 in euros at this exchange rate.
b) Convert the item's price in euros to pounds sterling at the exchange rate given.
c) State which currency she should use to buy the item.
d) State the saving made, in the currency chosen.
Smith has been informed that on April 1st, Delta Co., a producer of a substitute good, will be decreasing the price of its product by 10%. Given a cross elasticity of 2 and the following information answer the following questions. For this proble..
growth of india and chinachina and india are often referred to as two of the fastest growing countries. compare their
It is the measure adopted by the Government for its UK inflation target. The Bank of England's Monetary Policy Committee is required to achieve a target of 2 per cent. Inflation is the percentage change in the index compared with the same month one..
Explain how much profit will the perfectly competitive firms earn. How much profit will the monopoly firm earn.
What is the difference between the auto industry of the 1950's and today. Has consumer surplus been affected in any way due to the changes in the auto industry structure, and if so, how?
Rob has an income of $10,000 this year and he expects an incomeof $13,200 next year. He can borrow and lend money at an interestrate of 10%. Consumption goods cost $1 per unit this year and thereis no inflation.
Question 1: How can governments influence the long run rate at which the economy grows?
Marketing refers to the four P's in duscussing firm strategties. Why do you think price is the most powerful and important P that the firm has at its disposal What makes it so much nore attractive as a tool as compared to the other Ps
The mine operates on a three shift depends per day , 6 days a week. Allows for availability the mining system operates 5,000 hours per year.
Illustrate what economic forces and mechanisms work to maintain trade equilibrium. How does the balance of trade impact business decisions.
In order to maximize profits, monopolies produce where: MARGINAL REVENUE = MARGINAL COST
You are a recent University graduate hired to make a Human Resource section and serve as the HR Director for the SMC Company, which manufactures ergonomic office equipment.
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