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Over the past few years, energy prices have been very volatile-often driven by international political events. For the purposes of this assignment, let's assume that you are the energy manager for a series of three food processing/packaging facilities in Malaysia (two) and Vietnam (one) directed to produce specialty Asian food products that require considerable steam/temperature environments to completely process and package the food products. With the recent dramatic political and social events that have occurred in the world over the past several years, your management team is concerned about the impact of rising energy costs on your firm's overall operations, and they have asked you to initiate an energy monitoring programme for the organisation. What purpose does an energy-monitoring programme serve? Describe the steps that would be taken to initiate this programme. Describe the reasons for choosing to implement an energy-monitoring programme over the other options in energy consumption management and the resulting benefits of this research for this company when making future energy decisions.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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