BS3572 Industrial Economics Tutorial 1 Exercise 1 Consider a perfectly competitive market. Market demand is Q = 860 10p. There are initially n = 20 identical …rms in the market‚ and each …rm’ costs are C (q) = 200 + 2q + 0:5q 2 . s 1. Find the supply curve of an individual …rm and the aggregate supply curve of all …rms. Calculate the competitive equilibrium price. Determine the equilibrium output and pro…t of an individual …rm. 2. Derive expressions for the price elasticity of market demand
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INCEIF The Global University in Islamic finance Kuala Lumpur‚ Malaysia MASTERS IN ISLAMIC FINANCE PRACTICE (MIFP) Assignment for QM5013 QUANTITATIVE ANALYSIS "Topic " Tutorial EIGHT Answers Semester June‚ 2014 Facilitator: PROF. Assoc. Prof Dr. Baharom Abd Hamid Name: MUSTAFA KASSIM AHMED ID: 1100386 TUTORIAL 8 QUANTITATIVE ANALYSIS QUESTION 1: A sample of 40 observations is selected from one population with a population standard deviation of 5. The sample mean is 102. A sample
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Quantitative Methods for Economics Tutorial 12 Katherine Eyal TUTORIAL 12 25 October 2010 ECO3021S Part A: Problems 1. State with brief reason whether the following statements are true‚ false or uncertain: (a) In the presence of heteroskedasticity OLS estimators are biased as well as inefficient. (b) If heteroskedasticity is present‚ the conventional t and F tests are invalid. (c) If a regression model is mis-specified (e.g.‚ an important variable is omitted)‚ the OLS residuals will show a distinct
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Group‚ Inc…(among other things‚ a theoretical independent intelligence firm focusing in industrial- and corporate-psychological principals).” in this document is intended for academic and purposes only]] to: John bolke (Supervisor) from: Daniel Osborne (Student‚ Creator) subject: Customer dissatisfaction cost analysis and review date: cc: qht1 task 1 grader In considering the quality of products and concepts generated through the consulting services of I2CG‚ Inc (hereafter referred to as the
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Tutorial Questions Topic 1 1.1 Mary and Margaret have the same preferences and incomes. Just as Mary arrived at the cinema to watch a 3D movie‚ she discovered that she had lost the $100 ticket she had purchased earlier. Margaret also just arrived at the cinema planning to buy a ticket to watch the same movie when she discovered that she had lost a $100 note from her wallet. If both Mary and Margaret are rational (who make decisions to maximize economic surplus) and both still have enough money to
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Internal controls are all measures taken by an organization for the purposes of protecting its resources against waste‚ fraud‚ or inefficient use; ensuring the reliability of accounting data; securing compliance with management policies; and evaluating the performance of all employees‚ managers and departments within the organization. The accounting system depends upon internal control procedures to ensure the reliability of accounting data. Many internal control procedures on the other hand make
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What is book keeping? Book-keeping is mainly concerned with the recording of financial data relating to business operations in a significant and orderly manner. It is that branch of knowledge which guides us how to keep a record of financial transactions. The need for maintaining a record of income and expenditure in a significant and systematic manner has given birth to the subject of book-keeping. It is difficult for a businessman to remember all receipts and payments that take place during
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The Basic Functions of an Accounting Information System. An accounting information system (AIS) provides financial information about a business. This information helps managers plan and control operations and provides reports to outside parties such as stockholders‚ creditors and government agencies. Parts of an accounting information system might include financial reporting‚ cost accounting‚ management accounting and enterprise resource planning (ERP). A well-designed AIS gives a business
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The comparison of automated and manual control system Introduction Nowadays‚ with the development of information technology‚ almost every company has involved in the widely used of computer technology to deal with their daily business transactions. From this point‚ the control framework has mainly divided into two basic categories: one is manual control which requires an operator to activate or deactivate the control device. Another is automated control which regulates the business activities without
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Salt Sugar Fat is a book written by Michael Moss‚ to inform the audience of the effects of salts‚ sugars and fats on the human race when it is found in foods consumed everyday. Parts of the brain and stimulants such as the bliss point are introduced to inform the reader just how these substances can stimulate the body during the consumption of foods. Large food corporations are brought under fire throughout most of the book as well. The main argument of the book written by Moss is that salt‚ sugar
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