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Learning Outcomes/Graduate Attributes:
1. Apply selected introductory micro-economic concepts and principles to the business environment
2. Interpret and communicate economic information and analysis
3. Ability to communicate
4. Critical appraisal skills
5. Ability to generate ideas
Assignment Requirements:
Consumer demand of goods is dependent upon a number of factors. Discuss this statement in the Australian context of the Microsoft Surface Tablet and its pricing policy, main competition, recent business strategy and any other factors that you think are relevant.
Suppose that a firm's production function is given by the Cobb-Douglas function q= (K^a)(L^ß) and that the firm can purchase all the K and L it wants in competitive input markets at rental rates v and w, respectively.
write a 350- to 700-word essay comparing the similarities and differences between virtue theory utilitarianism and
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Explain the function of an Economic Hit Mam from Perkins point of view - Explain why Perkins quit the Economic Hit Man business
Suppose the market demand curve for a product is given by: Qd = 500 - 15P + 20I and the market supply schedule is: Qd = -25 + 10P + 10K. The initial values are I = 10, K = 5.
While very few markets are 'purely competitive' according to the strict economics definition, market analysts often use competition as the: Benchmark from which to judge other market settings
a. the market for bottled water is very competitive. however the water that comes in a pipe to your home water which
Write a matrix expression to calculate the labor cost of producing each device in California and China.
At a meeting with the manager, the accountant suggested raising the price of the hamburgers to $4.00 to improve the profit margin (P – AC). The manager noted that this would lead to a decline in sales, which would increase average cost even further.
As a consequence of a 1976 court case that Ralph Nader won against an airline that had "bumped" him, the federal government adopted a rule requiring airlines to compensate people who were denied boarding despite holding a confirmed reservation. As a ..
an economy is currently made up of a firm that produces bread a firm that produces butter and a consumer who consumes
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