QUESTION CHP 2
1. The table below shows the retail price and sales for instant coffee and
roasted coffee for 1997 and 1998.
Retail Price of
Sales of
Retail Price of
Sales of
Instant Coffee
Instant Coffee
Roasted
Coffee
Roasted
Coffee
Year
($/Lb)
(Million
EXERCISE 2
1. Suppose the demand curve for a product is given by Q = 10 2P + PS, where P is the price
of the product and PS is the price of a substitute good. The price of the substitute good is
$2.00.
a. Suppose P = $1.00. What is the price elasticity of
14. The table below shows the marginal utility a costumer would get by purchasing various
quantities of A, B, and C. The product prices for A, B, and C are $3, $2, and $1 respectively.
The consumer has $20 to spend on the three products.
Unit of
product
F
EXERCISE 1
4. What economic forces explain why the real price of eggs has fallen while the
real price of a college education has increased? How have these changes affected
consumer choices?
5. Suppose that the Japanese yen rises against the U.S. dollar th
1. George has $5000 to invest in a mutual fund. The expected return on mutual
fund A is 15 percent and the expected return on mutual fund B is 10 percent.
Should George pick mutual fund A or fund B?
2. Consider an investment with three possible outcomes:
EXERCISE 6
7. The marginal product of labor in the production of computer chips is 50 chips
per hour. The marginal rate of technical substitution of hours of labor for hours of
machine capital is 1/4. What is the marginal product of capital?
9. The produc
EXERCISE 4
7. The director of a theater company in a small college town is considering
changing the way he prices tickets. He has hired an economic consulting firm to
estimate the demand for tickets. The firm has classified people who go the
theater into
EXERCISE 7
1. A firm has a fixed production costs of $5,000 and a constant marginal cost of production of equal to
$500 per unit produced.
a. What is the firms total cost function? Average cost?
b. If the firm wanted to minimize the average total cost, wo
EXERCISE 9
1. What is meant by deadweight loss? Why does a price ceiling usually result in a
deadweight loss?
2. Suppose the supply curve for a good is completely inelastic. If the government
imposed a price ceiling below the market-clearing level, would
Concepts and Operational
Definitions
Theoretical Assumptions
Concepts can be:
One dimensional and have only one value. (For example if you only
interview women, gender = women).
Some concepts have multiple subparts or categories. (Gender =
Male or Female
HRM Principles & Practices (Second Edition)
Oxford Fajar Sdn. Bhd. (008974-T), 2011
All Rights Reserved
Chapter 7 1
CHAPTER
7
SAFETY AND HEALTH AT
WORK
HRM Principles & Practices (Second Edition)
Oxford Fajar Sdn. Bhd. (008974-T), 2011
All Rights Reserv
Private
Enterprise
Content
I.
II.
The basic content of private enterprise.
Private enterprise Ha Minh Anh.
Definition
0 Article 141: Private enterprises
- A private enterprise is an enterprise owned by
one individual who shall be liable for all
activi
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lBus ine s s
Gro up3
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BackgroundofTe s co,Malays ia
Tasks
EsThis is an example
tablis he don29
text.
Nove mbe r2001
Go ahead and
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Essentials of Organizational Behavior, 12e, Global Edition (Robbins/Judge)
Chapter 6 Individual Perception and Decision-Making
1) _ is the process by which individuals organize and interpret their sensory impressions in
order to give meaning to their envi
EXERCISE CHP 8
1.
Suppose you are the manager of a watchmaking firm operating in a
competitive market. Your cost of production is given by C = 200 + 2q 2, where q is
the level of output and C is total cost. (The marginal cost of production is 4q; the
fixe