MANUFACTURING, Golden Electronics manufactures several products, including 45-inch GE45 and 60-inch GE60 televisions. It makes a profit of $50 on each GE45 and $75 on each GE60 television produced. During each shift, Golden allocates up to 300 man hours in its production area and 240 man-hours in its assembly area to manufacture the televisions. Each GE45 requires two man-hours in the production area and one man-hour in the assembly area, whereas each GE60 requires two man-hours in the production area and three man-hours in the assemply area. a) What production levels of GE45 and GE60 television sets optimize the expected profit per shift? What is the optimal expected profit per shift? b) What is the shadow price for extra assemply hours? Interpret. c)Would the optimal solution change if the unit profit for GE60 televisions were increased to (i) $135? (ii) $300?Content Money and the payment system · 3 functions of money · Ví dụ => chức năng nào? · Chức năng này giúp ích gì cho hoạt động trao đổi, thanh toán? · Evolution of the payment system · Các hình thức thanh toán (hàng hóa, vàng, tiền giấy, phương thức thành toán hiện đại) · Tính năng cần thiết của 1 hàng hóa để được dùng làm tiền: tiêu chí gì, hướng đến cái gì? Interest rate: % nhiều nhất · Interest rate behavior · YTM (lợi suất tới khi đáo hạn) · Bài tập tính toán đơn giản · Giá 1 trái phiếu, số tiền nhận được cuối cùng, … tính YTM · Bài tập tính toán khum đơn giản · Cho YTM, giới hạn số năm/kỳ (2 lần đổ xuống) · Nếu muốn chắc chắn 100% sẽ nhận được 1 phần lãi suất => nắm giữ đến khi đáo hạn => không có rủi ro về lợi suất · Mối quan hệ giữa YTM với coupon rate · Bỏ maturity => không tính được, suy luận · Ghép lãi nhiều lần trong năm · RET (lợi suất trong thời gian nắm giữ) · YTM vs RET · File excel · Detail: sách · Bài tập tính toán đơn giản · Equilibrium và sự thay đổi của lãi suất trên thị trường · Loanable funds theory · Giá của việc sử dụng vốn: lãi suất · Kinh tế tăng trưởng => ảnh hưởng như thế nào lên cơ hội kinh doanh, cung/cầu vốn (Madura) · Lạm phát dự tính thay đổi, kinh tế tăng trưởng => lãi suất thay đổi · Demand and supply of bonds · 2 cách tiếp cận, kết quả giống nhau · Cung cầu trái phiếu · Nhân tố làm thay đổi asset demand (vd. Wealth tăng lên => tác động đến demand với 1 tài sản nào đó): học kỹ · Shift in demand · Shift in supply · Demand and supply of money · Effects · Shift in supply of money · Thay đổi cung tiền => liquidity effect + price level effect => thay đổi cầu tiền · Hiệu ứng mạnh, yếu ra sao · Interest rate structure · Default risk: học kỹ · Liquidity: giống · Câu hỏi trong slides · Risk premium · Credit rating: nhớ cách ranking · A => B => C · Càng nhiều chữ => càng tốt · Từ BBB trở lên? · Yield curve · Empirical facts · Vd. Trong các lựa chọn dưới đây, đâu là thực tế của yield curve · Expectations theory, segmented markets, liquidity premium/preferred habitat · Assumptions · Công thức (1 và 3) · Lý thuyết này giải thích cái nào · Hỏi dựa trên hình · Cho hình, hỏi với lý thuyết này, cho thấy điều gì về kỳ vọng lãi suất tương lai Financial markets: không nói kỹ Financial intermediaries · Adverse selection (lựa chọn đối nghịch) · Moral hazard · Cho ví dụ cụ thể => đây là hiện tượng gì? (adverse selection, moral hazard, transaction costs, default risk, …) · Content · Khái niệm · Phương pháp làm giảm hiện tượng · Main types of financial intermediaries · Cách huy động và sử dụng vốn · Trừ investment bank/securities firm · Venture capital · Huy động và sử dụng vốn · Công việc chính · Giải pháp cho asymmetric information · Hedge fund, credit unity: bỏ Commercial banks · Học kỹ hơn trung gian khác 1 trust Central banks and monetary policies · Central banks · Mục tiêu · Mục tiêu chính · Có mâu thuẫn gì với nhau không · Chính sách tác động như thế nào (lên lãi suất, …) · Balance sheet của central bank, commercial bank · Tác động lên balance sheet · MB thay đổi · MB thay đổi => ảnh hưởng MS · Money multiplier: nhớ · Các tham số trong full model of money multiplier tác động lên khả năng tạo tiền của central bank · Monetary policies · Tools · Đọc sách · Tập trung vào OMO · Independence or not Khủng hoảng tài chính · Link với trung gian tài chính · Asymmetric information: sách Final exam Thời lượng: 60’ Số câu hỏi: 40 · Interest rate: 40 – 50% · Monetary policies · Financial intermediaries Student name: Vũ Phương Anh Student Code: 1911150003 Class: PLUE105CLC.2 Question 1: A battery offense must meet all of the following criteria, according to this broad definition: ● intentional touching; ● the touching must be harmful or offensive; ● without the consent from the victim. [footnoteRef:1] [1: FindLaw, 2021. Assault and Battery Overview. (online) Available at: https://www.findlaw.com/criminal/criminal-charges/assault-and-battery-overview.html [Accessed 2 July 2022] ] Legal Action - "Henry hit Denny": a physical act of animosity that hurts Denny. It is critical to establish whether Henry's actions were intentional or inadvertent before coming to the conclusion that he must pay compensation. Denny has the right to claim for damages if Henry willfully hits him. If Henry did not hit Denny on purpose, Denny has no such right. Remedies: - The two parties could negotiate the amount of compensation; if they are unable to reach an agreement, they must obtain a damage assessment so that the Court can examine the compensation appropriately. The kinds of remedies Henry is required to provide compensation for can be determined by reference to Article 590 of Civil Code No. 91/2015/QH13. Denny's actual income loss, the fair costs and actual income losses of his career person throughout the treatment period, the reimbursement for his mental anguish, as well as other losses and damages as allowed by law, may all be included in the settlement. “Article 590. Loss and damage caused by harm to health [footnoteRef:2] [2: Dmslawfirm.com.vn. 2015. Civil Code No. 91/2015/QH13. [online] Available at:
[Accessed 3 July 2022].] 1. Loss and damage caused by harm to health comprises: (a) Reasonable costs for treating, nursing and rehabilitating health, and functional losses and impairment of the aggrieved person; (b) Loss of or reduction in the actual income of the aggrieved person. If the actual income of the aggrieved person is irregular and is not able to be determined, the average income level for the type of work performed by the aggrieved person shall be applied; (c) Reasonable costs and actual income losses of the carers of the aggrieved person during the period of treatment. If the aggrieved person loses his or her ability to work and requires a permanent career, the damage shall also include reasonable costs for taking care of the aggrieved person. (d) Other loss and damage as provided by law. 2. A person being responsible to pay compensation when the health of another person is harmed must pay the items provided in clause 1 of this article together with an amount of money as compensation for mental suffering of the aggrieved person. The amount of compensation for mental suffering shall be as agreed by the parties; if the parties are not able to agree, the maximum sum payable to a person whose health is harmed shall not exceed fifty (50) times the basic wage rate provided by the State.” Question 2: a) - Literal rule: Tobey directly and intentionally violated the offense by receiving instructions over a mini radio hidden in his shirt - “aids relevant to the examination”. - Golden rule: No ambiguity in this case so this rule cannot be applied. - Mischief rule: No inconsistency in this case so this rule cannot be applied - Purpose approach: No equivoke in this case so this rule cannot be applied b) - Literal rule: Chrisia violated Section 22 by bringing a notepad into the examination room. - Golden rule: Chrisia broke the rule by literally putting notes in her pocket as soon as she walked into the exam room. - Mischief rule: The s 22 could be added the information either intentionally or unintentionally is cheated - Purpose approach: No equivoke in this case so this rule cannot be applied c) - Literal rule: Loy read a note that was written during the prior exam and was not in violation of Section 22. - Golden rule: The note Demi left could be unrelated to Loy's test or it could be. It is unclear in this case if Loy committed fraud. - Mischief rule: The clause 22 could be amended to state that no notes may be left in the test room. - Purpose approach: because Loy copied another student's work, which is considered cheating, he went against what Parliament was trying to achieve. Therefore, in this case, the purpose method is appropriate. As a result, Loy receiving punishment for his behavior could be a solution. Question 3: Breach of contract occurs when one party in a binding agreement fails to deliver according to the terms of the agreement. The parties involved in a breach of contract may resolve the issue among themselves, or in a court of law.[footnoteRef:3] [3: Kenton, W., 2021. Breach of Contract Definition. [online] Investopedia. Available at: [Accessed 3 July 2022].] The terms of the agreement in this case are as follows: · Tanya must train for 12 hours per day, seven days per week; · She is only permitted to appear in Ramona's concerts; · Ramona must pay for her room and board; and Ramona has the option to extend the agreement for an additional three years. Ramona will probably prevail if she files a lawsuit against Tanya for violating the terms of her service agreement. The appropriate course of action in this situation is probably for Tanya to pay for the financial loss resulting from her breach of contract, which might be the price of finding a replacement artist for Ramona's performances, or else. Question 4: A frustrated contract[footnoteRef:4] is one in which the duties under the agreement are significantly different from what the parties originally agreed to because of an event that occurred after the contract was formed and without the fault of either party. [4: Pong, J., 2020. Force Majeure vs. Frustration of Contracts in the Time of COVID-19. [online] Lawsonlundell.com. Available at: [Accessed 9 April 2022].] However, a party that agrees to provide goods or services for a set price would be considered to have assumed the risk of any increase in the costs of providing those goods or services. Therefore, even though this is the first time such a serious problem happened with the airline, and the plane's inability to take off for a week constituted a force majeure, Carlos must continue to fulfill his commitments under it, and Danesh has the right to sue if the artwork is not delivered on schedule since this is a fixed-term contract. Question 5: "Piercing the corporate veil" refers to a situation in which courts put aside limited liability and hold a corporation's shareholders or directors personally liable for the corporation’s actions or debts. No state has enacted LLC piercing legislation, nor is there a