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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)
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Times it consists concerned with the determination of the amount of time required to perform a unit of work. It consists of process of observing and recording the tim
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Taking into account the industry dynamics and characteristics of the automotive industry, discuss the rationale (reasons for)the collaborative partnership between Renault, Nissan a
(a) Define the concept of strategic performance management. (b) Explain how the Balanced Score Card (BSC) is used to connect strategic planning to performance measurement in
Question 1 What are the advantages of strategic management? Question 2 Explain the components of strategic management Question 3 List the reasons for cross-border mergers and
Q. What do you mean by Shared service centres? Shared service centres "consolidate" one or more back-office operations for numerous divisions of same group to use e.g. head off
Q. Diffrence between ROCE and RI? Both ROCE and RI are good measures to use when assessing financial performance, since both consider the capital invested, as well as the profi
Based on your findings in Task 1, investigate the problem described in Appendix 1 and propose a solution, in terms of material choice and manufacturing process. Prepare a report
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