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Problem: Both person A and person B are purchasing bananas and apples from the same supermarket, where the price of a banana is $2 and the price of an apple is $1. Person A is currently consuming 2 apples and 15 bananas, while person B consumes 30 apples and 3 bananas.
a) How many apples do we have to give each individual in return for taking away one banana to keep the person at the same utility? (Assume that changes in consumption are small enough so they do not alter marginal utilities)
b) How should a study value marginal tradeoffs between goods that are exchanged in a market economy? Is it appropriate to use one rate even though people might have very different preferences?
Problem: For each of the following social choice methods, which of Arrow's axioms
a) the Pareto criterion
b) plurality-rule voting (of several choices, the one with the most votes wins)
c) majority voting
d) pulling a choice out of a hat (random)
(a) What is the estimated equation of the model: SALES(Y) = b + b PRICE(X)? (b) What sort of relationship exists among SALES OF Y and the PRICE OF X? Do
Q. Show the Merits of residual income? Merits of residual income (RI) - Consistent or goal congruence with profit maximisation e.g. an enforced measure of profitability.
Comparison of Conventional and JIT Wisdom JIT philosophy Ideal lot size is 1 Balanced production is best Inventory is wasteful Eliminate waste Handle only so
what are the advantages of using tha general nine electric model
This report discusses is based on the strategic management of Bread Talk. Bread Talk is, a Singapore based fFood cCompany . It is identified that under strategic management, The co
a) What can you say about GOOD Y and GOOD X (a good can be an item, a commodity, etc.). Name a pair of good X and good y that can show this kind of relationship. b) Is the relati
Offering products or services which offer dissimilar advantages from competitors' and which are valued by purchasers.
explain the role of communication in strategy implementation
Discuss the key activities of the strategic management process. Explain why it is important for managers to recognise the interdependent nature of these activities.
Q. What do you mean by Trade payable days? Trade payable days (turnover) {Yearend trade payables / Credit purchases (or cost of sales)} x 365 days This is the length
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