Consumer and Producer Surplus ARSC 1432 Microeconomics Co-Seminar SPRING 2009 Consumer Surplus = CS = the difference between what consumers are willing to pay and what they actually pay for a good or service. Producer Surplus = PS = the difference between what producers are willing to accept for their produce and what they actually receive for a good or service. Social Surplus = SS = CS + PS [pic] To calculate CS or PS‚ use the formula for area of a triangle: (½)(base)(height)
Premium Supply and demand
PART 2 PEST ANALYSES: INTRODUCTION: PEST analysis means it is worried with the environmental influences on a business. And the structure of the business pattern One method of planning your business is to undertake a PEST analysis. PEST analysis involves looking at the Political‚ Economic‚ Socio-cultural and Technological factors that could affect your company. The identification of the influences of PEST is a manner useful to summarize the outside environment in which businesses function
Premium Economics Political philosophy Marketing
I. Title of experiment: Determination of Vitamin C in Tablets and Juices. II. Introduction: Ascorbic acid or vitamin C is the analyte of this experiment.It is the most appropriate vitamin used to treat colds.It acts as a natural antihistamine that reduces the severity of cold symptoms and it is also used for allergy control.It is an antioxidant and makes headlines when it comes to cancer prevention.Besides‚it helps
Premium Titration Ascorbic acid Vitamin C
klkhgdishg CASE 1-1 Starbucks---Going Global Fast 1. Identify the controllable and uncontrollable elements that Starbucks has encountered in entering global markets. Ans. I think the controllable factors that Starbucks has encountered entering the global market are similar to those in their domestic market. These factors include product‚ price‚ place and promotion. The Starbuck’s name and image connect with millions of consumers around the globe. Internally‚ Starbuck’s is able to make adjustments
Premium Marketing Market
Charotar University of Science & Technology (CHARUSAT) Indukaka Ipcowala Institute of Management (I2IM) Faculty of Management Studies Master of Business Administration Case Analysis Human Resource Management Submitted To: Ms Reshma Sable Submitted By: Shethna Abhishek M. Division-B Student ID: 13MBA105 BRIEF ANALYSIS OF THE CASE Answer: 1 The case is a comparative study of the implementation of the appraisal systems in two banks: 1. Paradise Bank 2. PLN Bank Both
Premium Management Human resource management
INTRODUCTION to writing a graph description For the IELTS writing test‚ you are required to complete two writing tasks. Task 1 is some kind of data report‚ while Task 2 is an essay. You are probably already familiar with how to write an essay‚ but less familiar with the format and content of a report. So let’s look at an example of a graph description‚ then break it down into steps so you can practice writing your own graph description reports for IELTS Task 1 practice. NB: Not every Task
Premium China Hong Kong Chinese language
1. Draw the network diagram (use activity on the node). 2. Explain how you determined the timing of activities and the total float. From the work of Field and Keller (1998)‚ there are some relationships among EST‚ EFT‚ LST‚ LFT‚ duration and TF in an activity-on-node. (See Table 1) Meanwhile‚ there are some types of dependency‚ but finish-to-start lag is normal one. In the network diagram drawn‚ it uses the finish-to-start relationship. Earliest Finish Time(EFT) = Earliest Start Time(EST)
Premium Critical path method
FCC Assignment Mackenzie Steger April 21‚ 2014 Net Neutrality Net neutrality basically means that Internet service providers and governments should treat all data on the Internet equally. Treating the Internet equally means to not discriminate or charge differentially by user‚ content‚ site‚ platform‚ application‚ type of attached equipment‚ and modes of communication. Another accepted term for net neutrality is "open internet" where you can use your
Premium Internet access Internet Internet service provider
142 Chapter 9 CHAPTER 9 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 9-1: d Deferred gross profit‚ Dec. 31 (before adjustment) P1‚050‚000 Less: Deferred gross profit‚ Dec. 31 (after adjustment) Installment accounts receivable‚ Dec. 31 P1‚500‚000 Gross profit rate ____÷ 25% __375‚000 Realized gross profit‚ 2008 P 675‚000 OR Installment Sales (P1‚050‚000 ÷ 25%) P4‚200‚000 Less: Installment account receivable‚ Dec. 31 __1‚500‚00 Collection P2‚700‚000
Premium Generally Accepted Accounting Principles Balance sheet
Case Application – Al Jazira: The Genius Inventor (Chapter 3‚ pp. 92-93) The Hot Weather Air conditioning is one of the most crucial appliances in almost all homes and businesses in the Arab world. The Saudi Arabian climate can be characterized as a desert climate‚ with wide fluctuations in day and night temperatures. The climate in the Kingdom of Saudi Arabia has resulted in the installation of air conditioning in most domestic and commercial buildings. Sales of air conditioner s reach 2.1 million
Premium Saudi Arabia United Arab Emirates Arabian Peninsula