Prices & Markets Lecture 1: Demand & Supply © Martin Byford 2012 Definition: Economics /iːkəәˈnɒmɪks‚ ɛk-/ noun The social science that analyses the production‚ distribution and consumption of goods and services given unlimited wants and scarce resources. ORIGIN late 16th cent. (denoting the science of household management): from ta oikonomika‚ the name of a treatise by Aristotle (or his student Theophrastus). Definition: Microeconomics /ˌmʌɪkrəәʊ-/ noun That part of economics concerned
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HOW TO APPLY A CHEMICAL RELAXER Being a professional hair stylist people are always asking me what is the proper way to apply a relaxer. There is no time to teach a class‚ so follow these simple instructions to get the best results. First‚ part the hair into four or five sections‚ depending on the thickness of the hair. Dry the hair. If moisture or sweat is present on the scalp get under a cool hair dryer for several minutes. It is recommended to apply protective cream around the hair line
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CHEMICAL EQUILIBRIUM Reversible reactions and dynamic equilibrium Ammonia (NH3) is an important industrial chemical that is used in the manufacture of fertilisers. It is manufactured by reacting hydrogen with nitrogen. The reaction is said to be reversible and the conversion of reactants to products is never complete. N2 + 3H2 2NH3 A reversible reaction is a reaction which can take place in either direction When the concentrations of the reactants and product have become constant‚ a
Free Chemical equilibrium Chemical reaction
Economics Discussion Questions 1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end
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Price Wars in the Wireless Market 1. Who are the key players in this industry? The key players in the wireless industry are Verizon Wireless‚ AT&T‚ Sprint‚ and T-Mobile. With these four companies controlling 90% of the market‚ there are no other ‘key players’ in the industry. U.S. Cellular is not quite a ‘key player’‚ however they do hold approximately 2.4% of the customer nationwide and must be in the overall picture. In addition‚ the data suggests that
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Five (5) price adjustment strategies Discount and allowance pricing This is when companies adjust their price to reward customer for certain response. Such as early payment of bills and buy one get one half price or free. The many form of discount include a cash payment discount‚ a price reduction to buyers who pay their bills promptly. For examples “2/10 net 30‚” this means although payment is due within 30 days‚ the buyer can deduct 2 percent if the bill is paid within 10 days. Also buyers
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Chemical Change Lab Name Data Table 1: |Chemicals |Well # |Reaction on White Paper |Reaction on Dark Paper | |NaHCO3 + HCl |A6 |Remains clear. |Remains clear. | |HCl + Blue Dye |B6 |Orange color. |Cannot distinguish color
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college bookstores. Unfortunately there is a great amount of students who are not able to purchase their textbooks due to the high prices. When required to purchase their textbook many students will have to pay $100 or more. The question is if those prices are fair and can they be justified? Publishers are using different strategies to artificially increase the price of the textbooks and reduce the used book sales. Some of the things that many of them practice are adding on materials to the textbooks
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Chemical Bonding Chemical compounds are formed by the joining of two or more atoms. A stable compound occurs when the total energy of the combination has lower energy than the separated atoms. The bound state implies a net attractive force between the atoms ... a chemical bond. The two extreme cases of chemical bonds are: Covalent bond: bond in which one or more pairs of electrons are shared by two atoms. Ionic bond: bond in which one or more electrons from one atom are removed and attached to
Free Chemical bond Covalent bond Atom
proceed to discuss the characteristics and services provided by her chosen chemical dependency program. It is her belief that a substance abuser and/or addict is more likely to succeed at living a life free of alcohol and drugs when they continually attend a 12-step program‚ follow the steps‚ have a sponsor‚ a support group and educate themselves on how to live life without turning to alcohol or drugs. Of the several chemical dependency programs available‚ she chose to conduct a telephone interview
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