A hat contains 50 names- of which 23 are female- Five names are drawn.pdf
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A consumer has preferences over two goods, heating oil and food. The consumer prefers more of each good to less, and has a diminishing marginal rate of substitution between the two goods. Both are normal goods. (a) [6 marks] Draw a diagram showing indifference curves and the budget constraint of the consumer (with heating oil on the horizontal axis and food on the vertical axis). Show how the consumer's optimal consumption choice is found in the diagram. (b) [6 marks] The price of heating oil rises. Draw a diagram showing the change in consumption of heating oil, and how it can be broken down into income and substitution effects. (c) [6 marks] When the price of heating oil rises, the government gives a cash transfer that makes the consumer exactly as well off as before the price of heating oil increased. Would the consumer continue to purchase the same amount of heating oil in this case? Explain. (d) [6 marks] Instead of the cash transfer in part (c), the government gives the consumer heating oil vouchers of the same monetary value. The vouchers can only be spent on heating oil and cannot be transferred to any other individual. Explain whether there are circumstances where the consumer would prefer to have the vouchers, or prefer to have the cash transfer. (e) [6 marks] Instead of giving the cash transfer or vouchers considered in parts (c) and (d) to every consumer of heating oil, the government uses the same amount of money to subsidize heating oil, with the subsidy reducing the price consumers would otherwise pay. Assuming all consumers are the same, would they be better off, worse off, or just as well off compared to receiving the cash transfer? (Hint: Think about whether the amount of money available for the subsidy would be sufficient to restore the original price of heating oil.).
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A business may deal with both sales and purchases occasionally. They buy things from vendors and then sell them to their customers. Such dealings can be confusing at times. Because multiple clients may inquire about the same product at the same time, after purchasing those products, customers must be assigned to them. Odoo has a tool called Reception Report that can be used to complete this assignment. By enabling this, a reception report comes automatically after confirming a receipt, from which we can assign products to orders.
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this scenario? Integration of different types of businesses through merger or acquisition Charities
Contracts the market failure from the externality unimportant Moral codes coordinating
negotiations among all of the parties too costly eep in mind that som stance, this could occur.
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coat colours have genetic attributes and processes in common that cause these phenotypes to be
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