Suggestive Solutions Guide to Past Exam Papers - 5119 Words

Suggestive Solutions Guide to Past Exam Papers Dr. M. H. Nabin 1 Important Message I have put some suggestive solutions or at least some hints for the past exam papers starting from year 2004. In so doing, I emphasize T 1, T 2 and T 3 of 2010, T 1 and T 2 year 2009, S1 and S2 of year 2008, S1 and S2 of year 2007, S1 and S2 of year 2006 — these past exam papers are more relevant to our current courses as we have used the same textbook, course outline and study guide. Please ignore the multiplier questions as those questions are not relevant for our ï ¬ nal exam. I also encourage my students to go through all those elive sessions (recorded by myself). These elive sessions will refresh your memory as well as help you to understand the†¦show more content†¦It is okay to also say that freedom of entry and exit and close substitutes allow firms to quickly respond to changes in market conditions. 3. Consider the production schedules for two fictional countries, Ying and Tai. Both countries can only produce two types of goods, Lychees and Teacups. The rows a to e depict the possible combinations of these two goods that each country can produce. Ying Number of Number of Lychees Teacups 0 12 2 Tai Number Lychees 4 a of Number Teacups 0 of MPE781 Economics for Managers, Exam, T3: 2010 b c d e 3 6 9 12 9 6 3 0 3 2 1 0 2 4 6 8 Imagine initially that the two countries are not trading and that they are each producing at point ‘c’ and keeping all their produce for themselves. Do you think the two nations can benefit from specialization and trade? Explain your answer using the concept of comparative advantage and opportunity costs. First, identify the opportunity cost for each country in each good, and then say which country has a comparative advantage in which good. Note if both countries fully specialize at point e there will be less teacups in the market than prior to trade. Note that Ying at point d and Tai at point e in fact guarantees a gain from trade. Drawing and recognizing the PPF correctly also counts. 4. Using the appropriate diagrams, detail the impact on theShow MoreRelatedMost Basic and Frequently Asked Interview Questions and Answers10148 Words   |  41 Pagessometimes it gave sour result, then I pray god to excuse me. Or Strengths – Ability to prioritize, planning skills, well organized, multitasking assuming responsibilities and duties. Possessing the capacity to cope with failures and trying to learn from past mistakes. my hard working nature Self Motivated and Determined Success Oriented and Natural Leader Team Player. Intelligence and Self Confidence My knowledge My exposure to new technologies My dedication to achieve goals in time. I AM PUNCTUAL WeaknessRead MoreOrganizational Culture by Charles Handy29094 Words   |  117 Pages(Total: 80%) i. Mid – Term Exam (Chapter 1 – 4) †¢ Paper 1 – Theory (15%) †¢ Paper 2 – Application (25%) ii. Final Exam (Chapter 5 – 10) †¢ Paper 1 – Theory (20%) †¢ Paper 2 – Application (30%) 1. 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Balance Sheet As at Time 2 Financial Asset Cash Shareholders’ Equity $315.00 Opening balance Net income $286.36 28.64 Capital Asset Present value 0.00 $315.00 $315.00 Note that cash includes interest at 10% on opening cash balance of $150Read MoreMarketing Management 14th Edition Test Bank Kotler Test Bank173911 Words   |  696 Pagespeople component of the marketing mix? 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Printed in the United States of America This book is printed on acid-free paper. Last digit is print number: 9 8 7 6 5 4 3 LIMITED PHOTOCOPY LICENSE The Publisher grants to individual purchasers of this book nonassignable permission to reproduce the appendices of this book. This license is limited to you, the individual purchaser