Marking Scheme:
The total marks for Portfolio A assessment is 40. This assessment is worth 20% of your overall assessment.
There are no part marks awarded for each question and it is either a pass of fail., i.e., 0 or 1; 0 or 2; 0 or 3; 0 or 4.
Work with your fellow students:
While we strongly encourage you to work with your fellow students, you must submit your OWN work in your OWN words. If we find significant overlap between two answers, then both students fail that question. Don’t share completed answers with others.
For those who do not wish to use the tools available in Word to draw your diagram but instead preferred to insert a pre-drawn graph into the document as a picture/snapshot, you are allowed to do so.
Please note that in the event that you encountered technical difficulties in submitting your work online, you are to contact your unit convenor immediately to avoid the late submission penalty.
Referencing for the written assessment:
If you are using the textbook or the lecture notes to answer questions you do not need to reference this but you do need to use your own words – not exactly what is in the text or replacing only a few words in the paragraph and treating it as your own! If you are using something other than the text or the lecture notes, then in-text citation and a reference using a reference list will be required.
You are to submit your Portfolio ONLINE through Turnitin by the due date. Failure to do so will incur a penalty: marks will be deducted at a rate of 1% each working day (i.e., Monday to Sunday and a maximum of 5% for up to a week after the deadline). Any Portfolio submitted beyond one week after the deadline will be awarded a zero. There is no procedure for extension. Penalties for late submission (i.e., up to 7 days from the deadline) may be waived if you are seriously ill or encountered serious family emergency. You must submit the appropriate documentation (i.e., medical certificate that give clear details of your sickness) within 3 days after the deadline together with your request to your unit convenor. The unit convenor and unit panel members will examine the appropriate document(s) and the student will be informed of the panel’s decision.
a)Which country has an absolute advantage in the production of hair dryer? Why?
b)Which country has an absolute advantage in the production of wheat? Why?
c)What is Philippines’ opportunity cost of producing one hair dryer? One bushel of wheat?
d)What is Thailand’s opportunity cost of producing one hair dryer? One bushel of wheat?
e)If each country specializes in the production of the product in which it has a comparative advantage, who should produce i) hair dryer ii) wheat?
2.The following schedule relates to a firm.
production schedule
c)Apart from the implementation of excise tax on cigarettes and banning smoking in public places, identify another way which the government can use to curb smoking? Explain your answer.
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