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- Consumer Choice Theory assumes that humans are rational beings.
- Is this a valid assumption?
- Can you think of any examples of irrational behavior?
- Does it matter whether or not humans are perfectly rational? Explain.
answer these question in one paragraph(150 words)
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Consumer choice theory is the study of human expenditure against their preference and budget
constraints. The theory assumes human beings are rational in the aspect that they buy
commodities that fully maximize their utility. Lo...
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Year
Project #1
Project #2
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($30,000)
($32,000)
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7 pages
Econ101 Final
Part 1:- The production possibilities frontier (PPF) for Zaid. The opportunity cost of producing one more table will be gi ...
Econ101 Final
Part 1:- The production possibilities frontier (PPF) for Zaid. The opportunity cost of producing one more table will be given as:10 tables can be ...
ECON 103 University of Maryland Global Campus Sources Economic Growth Paper
Purpose: Your case study paper is due at the end of Week 7. The purpose of the assignment is to apply your knowledge of ...
ECON 103 University of Maryland Global Campus Sources Economic Growth Paper
Purpose: Your case study paper is due at the end of Week 7. The purpose of the assignment is to apply your knowledge of the sources of nations’ long-term economic growth to develop a proposal for economic policies that encourage growth. This assignment is based on Chapter 19 in Meyer’s Everything Economic Book and on supplementary readings. Description: During Week 4, we studied concepts related to the sources of long-run economic growth. This growth benefits our society by advancing our well-being and improving our standard of living over time. 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Partial or cursory explanation provided for questions 1 and 2 that may contain some errors. Brief but accurate explanation provided for questions 1 and 2. Complete and well-developed explanation provided for questions 1 and 2. Critical thinking using economic principles (Questions 3 and 4. Policies and challenges to growth) 40% No response provided for questions 3 and 4. Partial or cursory responses provided for questions 3 and 4 or answers contain some errors. Brief but accurate responses provided for questions 3 and 4. Complete and well-developed responses provided for questions 3 and 4. Applications to your life (Question 5) 20% No responses provided for question 5. Partial or cursory responses provided for question 5.Responses may contain some errors. Brief but logical responses provided for question 5. Complete and well-developed responses provided for question 5. 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CTU Corporate Finance Strategic decision makers Paper
Strategic decision makers are required to be able to evaluate projects based on the long-term objectives of the firm as we ...
CTU Corporate Finance Strategic decision makers Paper
Strategic decision makers are required to be able to evaluate projects based on the long-term objectives of the firm as well as the project’s ability to earn the company additional compensation. The 3 main tools used to make this evaluation are the pay-back period, net present value (NPV), and internal rate of return (IRR).
Year
Project #1
Project #2
Project #3
0
($30,000)
($32,000)
($35,000)
1
$11,000
$15,000
$11,000
2
$11,000
$14,000
$11,000
3
$11,000
$11,000
$11,000
4
$11,000
$2,000
$11,000
5
$11,000
$500
$11,000
Required Rate of Return
1
5%
Using the data in the tables above, answer the following questions:
Calculate the NPV for each project. Show your work.
Calculate the pay-back period for each project. Show your work.
Calculate the IRR for each project. Show your work.
Which project would the company select using the NPV method? Explain your answer.
Which project would the company select using the pay-back period? Explain your answer.
Which project would the company select using the IRR method? Explain your answer.
ECO550 Strayer Week 3 Managerial Economics Demand & Tariffs Discussion
ECO 550 Discussion Week 3 Managerial EconomicsThe Price Elasticity of Demand and TariffsIn this week's discussion your are ...
ECO550 Strayer Week 3 Managerial Economics Demand & Tariffs Discussion
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BUS 535 WU Level of Production Changes for The Particular Units Essay
1. Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for ...
BUS 535 WU Level of Production Changes for The Particular Units Essay
1. Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used.
a. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion.
b. Explain your example in detail and provide in-text citations.
2. The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement.
Advertising and purchasing department expenses are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows.
3. Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.
a. Classify all items listed in the fixed budget as variable or fixed.
b. Also determine their amounts per unit or their amounts for the year, as appropriate.
c. Identify the unit variable costs in the format of variable costing, according to your findings in part a
d. Organize a template for variable costing income statementsin which the sales volume is a variable.
e. Test your template for 15,000 units sales volume to see if you get the same income as stated above
f. Find the breakeven point and provide the income statement at break even
g. Provide income statement at sales volume 12,000, 14,000, 16,000, and 18,000
3 pages
Simulation Exercise Answers
1. In the “Base Model” tab of the Excel workbook, I’ve put in a negative demand shock that lasts for three periods ( ...
Simulation Exercise Answers
1. In the “Base Model” tab of the Excel workbook, I’ve put in a negative demand shock that lasts for three periods (-8, -8, -3). This scenario ...
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