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Q. Describe any situation in your life or your surroundings where you observe:
1. Scarcity of resources and decision making for choices keeping in view the scarcity
2. The application of Principles of Economics
3. Budget constraint/Production Possibility Frontier and Opportunity cost involved in making choices
4. Conclusion
You can give examples and support your explanation with data in tabular form, figures, charts, diagrams, graphs etc.
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ABC Hardware store is open for business 350 days a year. Annual demand for a power cutter at this store is 700 units. Replenishment cost is $15 per order and annual inventory holding cost is 10% of the inventory value. ABC pays $20 for each power c..
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On December 1, 2008, Jolly Rice Company enters into a 90-day forward contract with a rice speculator to purchase 500 tons of rice at $1,000 per ton.
When should a consultant exit an intervention? What do you think might make this stage especially challenging?
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