|clothing | |2002 price |$4 |$10 | |2003 price |$6 |$20 | a. What are the percentage increases in the price of food and in the price of clothing? b. What is the percentage increase in the CPI? c. Do these price changes affect all consumers to the same extent? Explain. [ii]. Which is likely to have the larger effect on the CPI‚ a
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Price discrimination Price discrimination is the practice of charging a different price for the same good or service. There are three of types of price discrimination – first-degree‚ second-degree‚ and third-degree price discrimination. First degree First-degree discrimination‚ alternatively known as perfect price discrimination‚ occurs when a firm charges a different price for every unit consumed. The firm is able to charge the maximum possible price for each unit which enables the firm to
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true. (Hint: What happens to price if there is a bumper crop? What is the price elasticity of demand for wheat? Is it inelastic or elastic? What happens to total revenue if there is an increase in supply?) If a product like corn or wheat has a bumper crop season‚ the selling price for the good would fall. This is because a bumper crop season indicates that the product had a bountiful crop growth and harvest; therefore‚ supply for the product would be excess. This means that the price for the product
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Brief History of Steve Jobs Most recognized for his work as CEO at one of the most successful technology companies to ever exist‚ Steve Jobs was born on February 24th‚ 1955. His parents put him up for adoption right away‚ and he was adopted by Paul and Clara Jobs who lived in California. His adopted father Paul worked as a laser machine technician‚ while his adopted mother Clara worked as an accountant. His first journey into the word of electronics was when he was a teenager. Jobs contacted the president
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Steven Jobs Leadership Style Steven Jobs is a successful strategic leader and the co-founder of Apple Inc. Jobs spent six months at Reed College in Portland‚ OR before dropping out and spending 18 months dropping in on creative classes. In 1974 he took a job as a technician at Atari Inc.‚ then left to travel to India in search of spiritual enlightenment. The “Apple Computer Company” was then formed in 1976. He made great impacts on leading Apple Inc. to become one of the most successful companies
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An often debate is whether increasing the price of petrol is an appropriate way to decline traffic and contamination problems. It is undeniable that traffic as well as traffic’s emissions will not work normally if the price of petrol rises. In this case‚ I would contend that the growth of the price of petrol will solve traffic and pollution problems effectively. To begin with‚ I will show some reasons that the price of petrol can control growing traffic completely. Firstly‚ it is obvious that transport
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for Microminiature Electronics Repair‚ 2M Technician Recertifier‚ and 2M Technician Recertifier Requalification‚ Sergeant Price ensured curriculum material and testing were properly administered to over 325 students across 35 individual course convenes. His attention to detail resulted in a 98% completion rate over the three courses he supervised. In addition‚ Sergeant Price was individually acknowledged by members of the certifying authority for having been the best instructor of the curriculum they
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Many schools have partnerships with companies that allow students to explore certain occupations through internships‚ and shadowing opportunities to discover whether they are interested in pursuing that type of employment. In this case Apple would be the occupation of choice. Apple says there is a customer service job that has opened up. I have the skills necessary for an apprenticeship at Apple. I think I can take this job because I have technology knowledge‚ I have helped people in the past‚ and
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common these days for people to use technology in the information age. However‚ Matt Richtel claims in his essay “Attached to Technology and Paying a Price” that being attached to technology can cause deadly consequences. Richtel asserts that overusing technology have negative influences to people’s works and family life‚ minds and relationship among people. On one hand‚ he believes that heavy technology use will interrupt works and family lives. On the other hand‚ he claims that heavy multitaskers suffer
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types of market failure. Explain why each may cause market outcomes to be inefficient. Market Power- In some markets‚ a single buyer or seller may be able to control the market prices. Market Power can cause inefficiency because it keeps the price and quantity away from the equilibrium of supply and demand. Externalities- The impact of one person’s actions on the well-being of a bystander. Since buyers and sellers do not consider these side effects when deciding how much to consume and produce
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