Essays on Curve

Abstract

Using the regression equation and given values of independent variables, we estimated the elasticity of each of them and ascertained that the product is highly elastic to price levels and therefore, the firm can consider to decrease the price levels in order to increase their market share. At the same time, cross elasticity and income elasticity were also significant in relation to the demand of the product, although advertisement expenditure has negligible impact on the product’s demand. Hence, own price, price of related goods and income of consumer are three major factors which the firm should incorporate while ...

Abstract

The aim of the experiment is to plot the calibration curve for deteremination of antigen 4D5 by performing ELISA experiment. The primary antibody was blocked by bovine serum albumin, then it reacted with IgG (secondary antibody). Then, the system was washed with carbonate, blocking and substrate buffers. Three replicate experiments were performed, and the experiment was performed with the serial dilutions. By measuring the optical density of the diluted solutions, the calibration line was obtained and the region with the linear dependence “concentration – optical density” was determined. The callibaraion line can be used for the practical tasks: for detecting ...

Aims and Objectives of the Experiment

This experiment aims at studying the characteristics of titrations with the strength of different acids used in these titrations. This is done by drawing the titration curves of the different titrations that are carried out in this experiment and interpreting those curves. The units of measurement for this experiment are the standard units that are used in titrations. These are molarity (moles/liter) of substances while the quantities are measured in mL (milliliter).

Theory and Principles

Conductometry is a type of electroanalytical method in analytical chemistry. While other electroanalytical methods use equilibria or electrodes, conductometry is different and employs the conductance of materials ...

Abstract

ITPM (Information Technology Project Management) is an essential activity for any IT organization to succeed. Projects must be evaluated and ranked in order to be decided upon and prioritized effectively. Shortcomings exist and must be addressed using optimization tools and methods in order to ensure efficient execution. Project portfolio management, which is the management of all projects within IT, allows for comprehensive project management that can ensure organizational success. Many effective ITPM tools exist to assist in project execution that must be understood, evaluated, and utilized properly. These tools include Business Case documentation for each project to lay out ...

Aims and Objectives of the Experiment

The main objective of this experiment is to determine the concentration of different substances. This is achieved by determining the end point(s) of different titrations using the automated potentiometric titrator. These points are known as equivalence points. The units of measurement are the standard units used in titrations i.e. Molarity (moles/liter) of substances used while the quantities of these substances are measured in mL (milliliter).

Theory and Principles

Potentiometric titration is a volumetric method which measures the potential between two electrodes, namely reference and indicator, with the change in the volume of the reagent that is added, known as the titrant. ...

* Names of Group: 1. .. ID #: 2. ID #: 3 ID #: * Date: / / .

Discussion:

Using the measurements made in the procedure, calculate the quiescent current IE, and the internal emitter resistance re. The quiescent current IE and internal emitter resistance re can be calculated using the DC analysis carried out in Step#1 and Step#2 of the procedure. The DC voltage measured across RE is used to measure the biasing current across the emitter of BJT. The voltage is measured to be 793mV. Since RE = 1KΩ, so: IE=VERE=0.7931000=0.000793A=0.793mA.

Now, we can calculate the internal resistance of emitter using the formula provided in the procedure. So:

re=0.026IE=0.0260.000793=32.786Ω

Using the values obtained in the experiment; draw the small-signal ac equivalent circuit for the amplifier.

In this part, we will draw the small scale ...

Demand function (QD) = -5200 - 42P + 20PX + 5.2I + 0.2A + 0.25M Where; P= 500, PX=600, I=$5,500, A=$10,000 and M=5,000

Replace values in the equation;

QD = -5200 - 42(500) + 20(600) + 5.2(5,500) + 0.2(10,000) + 0.25(5,000) = -5200 – 21,000 + 12,000 + 28,600 + 2,000 + 1,250 = 17,650 Price elasticity of demand = ∂QD∂P×PQD ∂QD = change in quantity demanded, ∂P = change in price; P= price, QD = quantity demanded ∂QD∂P = -42 QD= 17,650 P= 500 Price elasticity of demand = -42 ×50017,650 = -1.1898 The above elasticity indicates that the product’s quantity demanded ...

The plot can be described as a curve or a triangle with the climax at the top. The rising part starts with the exposition that explains the situation before the start of actions, and consists of events that lead to the climax. The falling part shows events after the climax and ends up with a conclusion or resolution that ties all threads of the work. Conflict is the main part of the plot. It can happen between two people, human and nature, a person and the society or inside character’s mind (the inner conflict). The narrator in The ...

Determination and interpretation of elasticities

Demand function, QD = -3,500 – 150P + 30A + 75PX + 10 Y P = 300 cents, A = $750, PX = 200 cents and Y = $10,000 QD = -3,500 – (150 × 300) + (30 × 750) + (75 × 200) + (10 × 10,000) = -3,500 – 45,000 + 22,500 + 15,000 + 100,000 = 89,000 units

Price elasticity of demand

Price elasticity of demand = ∂QD∂P × PQD

Change in quantity demanded/change in price, ∂QD∂P is the coefficient of price, P in the demand equation.

∂QD∂P = -150 QD = 89,000 P = 300 cents PED = -150 × 30089,000 = -0.5056 The above price elasticity of demand indicates that the quantity demanded of the low-calorie, microwavable food decreases by 0.5056% for every increase in price by one cent. The elasticity is less ...

American Public University

1. Compute the elasticities for each independent variable. Note: Write down all of your calculations. QD = - 5200 - 42P + 20PX + 5.2I + 0.20A + 0.25M and Q = Quantity demanded of 3-pack units P (in cents) = Price of the product = 500 cents per 3-pack unit PX (in cents) = Price of leading competitor’s product = 600 cents per 3-pack unit I (in dollars) = Per capita income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5,500 A (in dollars) = Monthly advertising expenditures = $10,000 M = Number of microwave ovens sold in the SMSA in which the supermarkets ...

Introduction

On June 23, 2016, UK held a referendum in which 52% of the voters chose to leave the European Union (EU) against 48% who chose to stay (Taub, 2016). The Brexit presents a massive change. Without a doubt, the Brexit will strongly influence how project managers will run their projects. Hillary and Allen (2016) observe that all sectors and organization will have to review the risks and opportunities that will emanate from Brexit. Unfortunately, project managers, like everyone else, have limited information that would help them to assess the risks and opportunities associated with the Brexit. Notwithstanding the lack ...

The Impact of the Theory of the Consumer Choice on Demand Curves, Higher Wages and Higher Interest Rates

The theory of consumer behavior shows how the choice is affected by the price of goods, income and preferences, and the way buyers maximize their net gains from the purchase of goods and services. The price change of a good affects the consumer demand structure in two ways. Any change in the price results in the appearance of the income and substitution effects, as it changes the amount of available goods and their relative prices. The above effects are consumer reaction to changes in relative prices and real income (Mankiw, 2014). The substitution effect is the change in the ...

What are the determinants of the Deadweight Loss?

Introduction The deadweight problem happens when the government through an attempt to increase their earnings from the goods in a country increases the taxation on them. It happens when they impose a certain amount of tax on certain commodities in the market and the end consumer as well as the producer in charge of the production process forced to lose the whole or part of their surplus. The loss they both suffer is the deadweight loss. The government has the right to earn some form of income from the trade activities within their borders. However, they also need to ...

American Public University

1. Compute the elasticities for each independent variable. Note: Write down all of your calculations. The demand estimation as follows: QD = -3,500 - 150P + 30A + 75PX + 10Y. When P=300, A=750, PX=200, and Y=10,000. Placing these numbers into equation: QD=-3,500-150(300)+30(750)+75(200)+10(10,000)=QD=-3,500-45,000+22,500+15,000+100,000=89,000. Under given these numbers, we have 89,000 products demanded. Price elasticity of demand is [d(QD)/d(P)]/[QD/P]. Therefore, we take a derivative of the function subject to price, and we assume other variables do not ...

The term "demand" in economics means payment need, i.e. need that the subject is able to pay. From this definition it follows that the demand for a particular commodity (service) depends on the price. This means that the increase in commodity prices will lead to a decrease in demand, and, conversely, a decrease in prices will lead to higher demand. The relationship between price and quantity demanded is stable. (Agarwal, 2013) The cause of the change in demand is change. This reverse causal relationship between price and quantity demanded is the law of demand. The law of demand manifests ...

The smartest person the author ever knew, a true scientist with PhDs in Physics and Mathematics, said something very profound once: “if it has ‘science’ in its title, it isn’t (Minnick).” This applies to the “dismal science” of economics. The problem with any social “science” is that it deals with human beings and using human beings in experiments is impossible. To be sure, actuaries can predict the actions of groups or demographic segments with a reasonable confidence. Individuals, however, are notoriously unpredictable. We are left, then, with observations which are converted into “laws.” Chief among these laws in ...

Effectiveness of Supported Angel Heel Treadmill Rehabilitation on hip fractured patients

Physiotherapist DECLARATION I, the undersigned Fatih Serkan YILDIRIMER (print name), a student of the Faculty of Public Health of Debrecen University, being fully aware of my legal liability, do thereby declare and certify with my signature that my thesis, entitled

EFFECTIVENESS OF SUPPORTED ANGEL HEEL TREADMILL REHABILITATION ON HIP FRACTURED PATIENT

is my own original work and that the printed and electronic literature referred to in it was used in accordance with the international rules of copyright. I understand that in the case of a thesis, it is considered plagiarism when: ● quoting word for word without quotation marks and referring to literature without proper citation. ● referring to content without citing ...

Question 1:

Suppose you are given the following: At output level of 6, what will be the marginal cost? Less than 2 Exactly equal to 2 More than 2 Given information is not enough to find out marginal cost Why is this? Question 2: What explains the U-shape of the AC curves in the short and the long run? Shapes of both, short and long run AC curves, are explained by the law of diminishing returns Law of diminishing returns explains the long run AC curve while economies and diseconomies of scale explain the short run AC curve Law of diminishing ...

Introduction

How materials behave is dependent on various factors, some of which include their mechanical properties. When the material experiences various loading conditions, its behavior reflects its mechanical conditions as well as the effect of the loading conditions. When a material experiences various loading conditions, the material experiences either shear stress, tensile strength, or compressive strength. The tensile properties of a material relate to its ability support any axial loads to which it is subjected without rapturing (Department of Engineering. 2007). When a material is subjected to tensile stress, the deformation that occurs is in the form of elongation or ...

The Impact of the Guaranteed Price Policy on the European Sugar Market

Sugar industry is one of the most dynamic in the structure of the food industry and plays a significant role in the economies of several countries. The European Union leads the five largest importers of sugar. Sugar production in the EU is expected to grow by 10% in the 2017/18 season. The production may reach 18.3 million tons, but still will be lower than the record 2014/15 season (19.4 million tons). Sugar production growth is expected in France (up to 5.5 million tons) and the UK (up to 1.4 million tons). However, despite the increase in production, the EU ...

Japanese Economy in the Recent Years

Introduction During the advent of economic downturns particularly in terms of financial crises or bubbles, the usual resort of the government is to rely primarily on its monetary tools alongside expansionary fiscal policies to stimulate the economy. Monetary policies are tools used to deal with inflation, budget deficits, unemployment, incomes, international economic relationships among others. Monetary policies have profound effects on our jobs, incomes, livelihood, and career choices. One of the considerations and is always on the watch in an economy is the behavior of prices of the goods and services. As the law of demand states that with ...

Introduction:

Nanobiotechnology serves as an imperative technique in the development of clean, nontoxic, and eco-friendly procedures for the synthesis and congregation of metal NPs having the intrinsic ability to reduce metals by specific metabolic pathways. Silver nanoparticles are particularly interesting nanoscale systems due to the ease with which they can be synthesised and modified chemically. Synthesis of silver nanoparticles has been widely researched due to their interesting size and shape-dependent properties [26]. These novel properties can be tailored by controlling their size, shape, composition, structure and crystallinity. Due to their size features and advantages over available anti-microbial properties, chemical imaging ...

Government Actions in Markets

Figure 1 As a result of increasing the passenger movement tax on airlines, the equilibrium price P2 moves to new point P1. (P1>P2) The new quantity of flights is Q1. Therefore demand decreases, Q1 <Q2. Because of the increased prices some consumers denies to purchase tickets choosing other flight companies or using alternative ways of transportation. A tax that is imposed on sellers in fact creates a burden on consumers as well because of the fact that consumers will be forced to pay higher prices. It is clearly shows on the Figure1 that the revenue from sellers ...

The above section was crystal clear to me. With a population with sample means x̅1, x̅2, x̅3, x̅4, x̅5, and, x̅ for example, the sampling distribution involves all the averages. It follows that the sampling distribution of the sample means would give the average of the entire population. Moreover, the standard deviation of the sample means is the same as the standard deviation of the population divided by the square root of the sample size (n). And this value is the standard error of the mean. However, the topic of finding probabilities was clear ...

Article Summary

Insigniam: Ten Disruptive Forces in Healthcare The article articulates the factors that are perceived as disruptive in the healthcare sector. Part of the discussion includes transition to value-based reimbursement, which turned hospital systems into a healthcare system by providing pre-emptive care. In addition, the system is currently shifting volumes and lower reimbursement in order to reduce cost while maximizing the utilization of all systems. Another important areas of concern in healthcare are when the system moves from caring for the sick to focus on primary care. This issue is related to the prevailing increase in government regulation where agencies ...

Introduction 4

Literature Review 7

Results and Discussion 13 Conclusion and Recommendations 14

References 15

Appendixes 18 Introduction France has been debated on their expatriates’ citizen lately due to the expansion of expat workers. It is seen negatively as some politics state that it is a “lose of brains” for the country because of the crisis and fiscal pressure of the government (Biacabe & Robert, 2014). The French system is often criticized due to the high risk that entrepreneurs are facing when they open their business in France. For instance, as Jean Tirole who awarded the Nobel Prize in economic, explained the French labour ...

Overview

Polyvinylidene fluoride is one of the polymers that are used as membrane material. This is because of its outstanding properties. Besides its comparatively high amount of fluorine, the polymer also has a high level of crystallinity. The result of these properties are exhibited in the performance of the Polyvinylidene fluoride polymer. For instance, the chemical stability of Polyvinylidene fluoride in chlorinated solvents and environments that are highly caustic and acidic is very high. Another property of the polymer is its hydrophobicity. This means that it is not compatible with water. This would create challenges if the polymer were to ...

Natural History of Tuberculosis

Zika virus was first isolated in the late 1940s from a sentinel rhesus monkey, Macaca mulatta, in Zika forest, Uganda. The name of the virus is thus associated with its first place of isolation. Later, the virus was recovered from mosquitos and humans in Uganda, Nigeria, the Central African Republic, Senegal, Malaysia, and Cote d’Ivoire. As the years progress, serological surveys continue to confirm the distribution of the virus infection in other countries such Tanzania, Mozambique, Ethiopia, Egypt, India, Thailand, Borneo, Democratic Republic of Congo, Cameroon, Liberia, Vietnam, and the United States. Today, Zika virus infection, at times ...

Assignment 5 Answers

2. a) Fire extinguishers might exhibit positive externalities because they are often used as public goods that serve all people including those who have not paid for them. Thus, the benefits of purchasing fire extinguishers are enjoyed by other individuals who were not involved in the transaction. b) A graph of the market for fire extinguisher

S= private marginal benefit/ social cost curve SCC= Social Cost Curve SVC=Social value curve The equilibrium output level is indicated by Q1. However, the social demand is higher than the social cost since fire extinguishers exhibit positive externalities. Thus, Q2 is the market's ...

People’s budget, income, and substitution effects are connected in demand theory. If the price of some product (beef, for example) is growing, and income (budges) stay on the same level, people start to substitute this product with another (cheaper). These actions are called substitution effects. In case of beef, such a substitution products could be pork, poultry, etc. Substitution effect is one of the core principles of behavioral economics (Hursh, p. 435). People always react to any economic changes, and the most common reaction to changes in prices is changes in budget dispersion. With the same level of ...

Mechanics function of the spine

The human body is meticulously designed with a complex and specialized skeletal system that helps not only provide support and structure for the body but enhances motion and stability. The spinal cord is the extension of the brain and it forms an essential part of the central nervous system. As people age the mechanics of the body are altered (NiosiOxland 2004). Degenerative processes are inevitable and as such, the facet joints, discs and vertebrae are affected. These degenerative issues of the spine include the degenerative disc disease, which is well known; others include Slipped discs, Spinal stenosis Osteoarthritis and ...

ECONOMICS

Absolute and comparative advantages. England has absolute advantages in producing scones (50 > 4), Scotland has absolute advantages in sweaters production (2 > 1). As for comparative advantages, England should be focused on scones production as well (alternative costs for 50 scones is only 1 sweater); Scotland has comparative advantages in sweaters production (alternative costs for 1 sweater is only 20 scones). So, for both absolute and comparative advantages, England should produce scones, Scotland – sweaters. If England and Scotland decide to trade, Scotland will trade sweaters to England. It could be explained by theory of absolute and comparative advantages ( ...

Economic short answer

2.a. To maximize profits, it is necessary to produce the quantity when the marginal revenue is higher than the marginal cost. In Q=8 the marginal revenue is higher than the marginal cost, from Q=9 the marginal revenue is lower than the marginal cost. Then the answer is Q=8. 2.b. The data represents a not perfectly competitive firm because the graph is not horizontal, but a downward-sloping demand curve (Piana). 4. A downward-sloping demand curve says that the final price of an article at a crescent quantity will decrease reducing the marginal revenue of the last produced article. 5. The ...

Discussion Questions appending to Nespresso Business Market Strategic Management.

Question #1 – Business Background, Definition, Role and Scope The scope of business definition extends beyond Customer Relationship Management (CRM) in theory, or celebrity endorsements. The strategically-priced encapsulated Nespresso coffee, for machines development, capitalizes on an emotional goods category. According to a report by Conley, Bican, and Ernst (2013) the 1986 Nestlé of Switzerland launch segmented a role for coffee-enjoyers to receive premium product in hermetically sealed pouches filled beforehand. The concept underlying the performance of the unit, boosted by a fancy international campaign dangling the face of movie star, George Clooney, thus by accomplishing a move away from the ...

Abstract

When an organization has cash inflows and outflows of foreign nature, the cash forecast for every currency will help during the identification of the currency exposures. The format of the estimation should allow the users to determine the balance for every currency and whether there is a growing shortage or extra money over time based on reasonable cash flows. The increasing gaps between the cash inflows and outflows may need hedging, and the cash flows that offset over time represents the issue of timing effectively. The management of foreign exchange transaction can be achieved through the offsetting transactions to ...

Single Pump Results

Single Pump Calculations

Impeller Diameter (D) 114mm

Venturi inlet diameter (AP) 27.2mm Venturi throat diameter (AT) 18.5mm All calculations done assuming ρ= 1000 kg/m3 1. Graphs for the single pump test Figure 3: Percentage efficiency plotted against the flow rate in litres per second 2. Analysis of single pump graphs The graph in Figure 1 demonstrates an inverse correction that exists between flow rate and the size of the head. According to the curve, the fluid flow exhibits a maximum head (16.20795m) at zero flow (Derakhshan and Ahmad 807). On the other hand, the fluid flow demonstrates a minimum head (4.99490m) at the moment ...

Abstract

The experiment was done to investigate the relative roughness of pipe three though a plot of the friction factor verses the Reynolds number. A comparison of the obtain results was made against a Moody diagram. Also, additional comparison of the experimental results obtained from pipe 1 and 2 were made against theoretical values obtained through Prandtl and Blasius equations. This process entailed plotting the theoretical and the experimental values on the same comparative roughness against Reynolds number chart. Additional results of different types of flow, exhibited by the flowing fluid, was done and represented in a graph of head ...

Response

Response 5. Explain the effectiveness of monetary policy. Monetary policy is an item that is used by the state or author in an attempt to control instances of inflation and ensure that there is price stability. The central bank has the mandate to monitor the growth and the size of the money supplied. Various strategies are used to control and maintain the monetary policy. For example, selling or buying the government bonds, adjusting interest rates and managing the bank reserves (Galí & Gertler, 2009). Monetary policy is effective. This is based on the expansionary policy. If an increase in the ...

YOURNAMEHERE

YOURSCHOOLHERE C13 Economics Assignment 08 Part 1 Monopolies develop in several ways (Vandewetering, n.d.). There are “natural” monopolies that emerge from the scales of some businesses. Electric generation utilities, for example, require multi-million dollar investments in the plant and more millions to build the distribution infrastructure. At these levels of entry costs, virtually no competition can develop. Some monopolies develop around ownership of a scarce resource. The DeBeers company, for example, controls a large percentage of the world’s supply of diamonds. The third form of monopoly is the result of government action. For example, patent and copyright protection ...

Vivendi SA

Introduction Vivendi SA has been the second largest entertainment provider in the entertainment industry and it incorporates complete control over its value chain in order to enhance the quality and efficiency of work processes (Vivendi, 2016a). The current paper aims to present the SWOT analysis of the company in accordance with the company’s internal and external strategic factors and core competencies. Furthermore, the paper also enlightens the recommendations in order to determine the adequate and feasible course of action for the company.

Key Internal and External Strategic Factors The SWOT Analysis of Vivendi SA in accordance with the ...

Externality takes place when action of one agent exerts direct impact on welfare of other agent, and this impact is not transferred by market prices. When there are externalities in the market, the social marginal cost is not equal to private marginal cost. Positive externalities compel market to produce less than the socially desirable quantity (Gans, King & Mankiw, 2011). Positive externalities are present in the economy when marginal social benefits are greater than marginal private benefits (Cypher, 2014). There are, however, several examples of economic activities that pave the way to production of positive externalities such as:

Provision of Education

Industrial training ...

Introduction

The Petrochemical industry in the ministry of energy has been focusing on the oil prices change and how it influences the economy. The oil demand comes from the petrochemical industry whereby energy generation helps in manufacturing and production industries. These industries help in economic transformation through improving country’s GDP. As the source of energy, oil in the petrochemical industry has been influenced by inflation and unemployment, interest rates and exchange rate. These factors influence the government spending, hence affecting the importation of oil from the producing countries such as Saudi Arabia. The oil prices as a result of ...

Final Assignment (Microeconomics)  

Consumer goods are products purchased to meet personal needs of consumers, family and household consumption. Consumer products with regard to the nature of consumption (the degree of durability) can be durable goods (i.e. used for a long time (cars, refrigerators, cell phones, furniture, TV sets)); and non-durable goods (i.e. consumed immediately (bread, cigarettes, drinks) or in divided doses (soap, toothpaste, washing powder), including disposable goods (once consumed) and services (the object of sale in the form of actions, benefits or satisfaction)) (Krugman and Wells, 2012). Consumer goods cannot be used for industrial production, since they do not have the ...

1. Factors likely to affect the demand for the line of Washburn guitars Various factors tend to influence the demand for any product. However, the factor in play may depend on the kind of customer for the product and the nature of the product (Boundless n.p). If the product is to be sold to the first time buyer, the demand- determinant factors may be different for a customer demanding for a unique product. The common factors likely to affect the demand for Washburn guitars when bought by first-time buyers include prices of the guitars and the income of the ...

Impact Testing of Metals

Abstract Impact testing of metal experiment was conducted by performing Charpy V-notch impact tests and the ductile-brittle transition temperature of the three metallic samples was established. Three samples of metals were studied ( 1018 hot-rolled steel, brass and aluminum) to assess the Charpy V-notch impact energy as a function of temperature and the ductile-brittle transition temperature. The DBTT for the sample tested were recorded as follows: -109F, 32F, 71F, 140F and 205F respectively. From the results obtained, it is evident that the fracture energy varies with the original temperature of the specimen under investigation. For Steel, the highest fracture energy ...

Question 1.

As the production will increase, the supply curve will shift to the right, therefore the equilibrium price will decrease, (Figure 1): Figure 1. The increase in production on the mango market Thus, as the quantity of production has increased by 30 % from Q0 to Q1, the supply curve shifts from S0 to S1 and the equilibrium price decreases from P0 to P1.

Question 2.

In agriculture, the term bumper harvest means the unusually high production of a crop. Though some politicians might claim that this benefits the farmers, actually that is not exactly so. Firstly, with the increased production the ...

1. An investor does not need to make a decision which portfolio to choose when a risk free asset is included. There is now only one tangent portfolio he can choose. Explain this statement with graphs analysis. The line of possible portfolio risk and return combinations given the risk-free rate and the risk and return of the portfolio of risky assets is called capital allocation line(CAL). For an individual investors and under the assumption of CAPM model that each investor faces homogeneous expectations, the best capital allocation line is the one that offers the highest expected utility in ...

Technology is a living being. It is evolving as time goes. In the beginning, during the Mesopotamia evolution, the type of technology was only regarded as unconnected technologies. The technology is increasingly mutating and maturing to become more complicated. A certain aspect of growth is not ignorable. The technological advancement has changed from the previously fixed physical outputs to those that can manipulate, combine and configure and for new products. It is not only becoming the part of the production. It is becoming the core of the manufacturing process. It is the focal point the current generation industry. It ...

In production, when the price of capital changes due to the relative change in labor than capital becomes cheaper and labor dearer. The capitalist then substitute the cheaper one for the costlier one. Figure 11.4, 11.5,11.6 In the figure 11.4 shows the VMPL curve, which is MPL multiplied by price of the output. The curve is diminishing which shows that the amount capitalist will add to increase his revenue by hiring one more labor at different levels of employment. The figure 11.5(a) shows that in the labor market the part of the labor that will be employed ...

Overview

The theory of consumer choice is interested in the manner through which make decisions on the amount of money that they can commit on their preferences considering their budget constraints (Levin & Milgrom, 2004). All consumers have a budget past which they cannot spend. This budget is influenced by the wealth and income of the individual consumers. The budgets erect constraints on the ability of consumers to acquire their preferences. The consumer choice theory informs the choices a consumer will make considering the price of a certain good or service and his income. The exploration of the consumer choice theory ...

Introduction

In simple terms, imperfect competition can be referred to as a type of market structure that does not operate in conformity with the laid rules of perfect competition. In imperfect competition, there are so many barriers that prevent fair competition among the market players and also the accessibility to goods by users is limited and not all transparent. Limitations and barriers to such a market may include: prices being influenced by one or a few suppliers, barriers to the entry and exit of a market are quite significant and information about products and their pricing is very limited. Examples ...

Article review

Article review

Introduction

Government interference play huge role in the economic processes: by conducting monetary or fiscal policy, policymakers are able to stimulate the economy during the periods of downturn and moderate too fast growth during the periods of economic boom: both these cases have devastating consequences for the general growth and development. Particularly, central banks, that make decisions regarding the monetary policy, are most important players. By using different tools, such as interest rates, open market operations, required reserves etc., central banks might influence on aggregate supply and aggregate demand, thus shifting equilibrium to the desired level (in other ...

Inflation entails the persistent rise in the general prices of goods and services in a country. This phenomenon has various consequences that touch on individuals and the economy as a whole. Inflation results in reduced real incomes. Rising inflation levels in an economy tend to reduce individuals’ incomes as well as the real GDP of the economy as people spend more on few commodities due increased prices. The cost of obtaining loans and mortgages increases during high inflation regime as people strive to finance increased living costs (Mankiw 53). The demand for loans increases during inflation, resulting in high ...

Summary of the Wolfers’s Article

This assignment will first summarize the article published by Wolfers (2016) in the New York Times, about policymakers’ possible response to an economic slowdown. Wolfers (2016) begins his article referring to an employment report that suggests job growth is slowing down. He brings up the possibility that the economy may suffer a significant slump, maybe even a recession. Wolfers (2016) suggests that the recent economic recovery may have come to an end. Worse, it is hard to think of a time in recent history when policy makers were so unprepared to answer to the challenge (Wolfers, 2016). If the ...

I have researched an article «$20 is the new $40», which discuss the changes in prices oo the oil market at the beginning of 2016 year. The energy, obtained from burning oil, is the main driving force of the economy today. Economic growth and oil prices move unidirectionally, and the slowdown in global economic growth is accompanied by a fall in world oil prices. Oil supply in the world market depends on the demand for oil products and, accordingly, the factors that form the demand. At the same time, the volume of supply (production) on oil is affected by ...

Introduction

It goes without saying that economics and government go hand-in-hand in when it comes to controlling the economy of a certain country. While the government may impose limits and restrictions on how the economy should be run, it is recommended that these decisions are in line with economical ones so as to ensure that the general economy runs smoothly. On the other hand, the economy should also be kept in check by the government so that goods, products, and services will remain affordable and within reasonable price. One concept in economics in which the relationship between the field of ...

Abstract

The current government has consistently been trying to reduce the costs of healthcare and at the same time improve its quality. This paper focuses on the current state of healthcare through an extensive research on the population. The research uses a cross sectional design to collect data and come up with relevant conclusions. The research project aimed at using a homogenous population to come up with accurate results. Such a population involves participants who have the same knowledge about the subject. Such participants are easily obtained through a referral process where one participant refers another. A total of 50 ...

(Financial and SWOT analysis and Recommendation to Identified Problems)

Background

The Walt Disney Company is an American diversified firm which focuses its business in mass media where it offers licensing services for the populace to consume their products among other services. Walt Disney headquarter is at Walt Disney Studios in Burbank, California. The firm was founded on October 16th, 1923 by Walt Disney and Roy O Walt Disney in Los Angeles, California. In its most recent full year financial statements, 2015 financial statement, the firm posted a net income of US$8.38 billion, operating income of US$14.68 billion and ...

1.1. Early on, Dr. Vasella was able to identify that the company’s turnover rate is more than acceptable. It was becoming a problem for them to make people stay. He noted that it is not enough for the company to pay good money to their employees. They also must be able to solicit their commitment and drive for excellence at the same time. 1.2. One of the factors affecting this high turnover rate was the inability of the company to recognize talent for promotions within. By the time they do so, these potential senior executives were already on ...

2.1 Resource-Based View

Tangible Resources

Papa John’s International Inc. grew annually to become the third largest pizza franchise across the world. The company focuses on achieving such a goal was focusing on the production of high-quality products using bets ingredients, provision of responsive customer service and focus on employee development and training. Other steps put in place include convenient ordering systems and extensive marketing campaigns. In general, these efforts spearheaded the company’s overall profit and improvement though there is a lot the company has in store for the future. Over the past decade, the company has had significant changes ...