Clainos Chidoko‚ et.al.‚ Int. J. Eco. Res.‚ 2011 2(5)‚ 1-13 ISSN: 2229-6158 ECONOMIC CHALLENGES OF SUGAR CANE PRODUCTION IN THE LOWVELD OF ZIMBABWE 1 Clainos Chidoko and 2Ledwin Chimwai Department of Economics‚ 2Department of Banking and Finance Great Zimbabwe University‚ Faculty of Commerce Box 1235‚ Masvingo‚ Zimbabwe 1 Abstract: The study sought to investigate the economic factors affecting the productivity of small scale sugar-cane farmers in the Lowveld of Zimbabwe with particular
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general public to practice washing your hands. Washing your hands is an excellent exercise to avoid and infections or diseases. The purpose of hand washing in the medical field is to remove pathogenic microorganisms (germs) and avoid transmitting them. There are two ways has in to wash your hands. You can use soap and water or you can use antiseptic. This kills germs. The preferred way to keep your hands clean and free of germs is to use soap and water. Medical hand washing became mandatory after “Hungarian
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In Supply Chain Management (SCM) SUBMITEED BY: vaibhav kumar srivastav TABLE OF CONTENTS SI NO. TOPIC PAGE NO (1) Meaning and Introduction 1 (2) Tour of Developments in supply 2
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1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition? (2 points possible) The own-price elasticity of demand determines whether a product faces close substitutes‚ but it does not identify what substitutes are available. Economists can identify substitutes by measuring the cross-price elasticity of demand between two products. The higher is the cross-price elasticity‚ the more readily consumers substitute between two
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Journal has tried to prove that the demand of Apple’s Iphone5 has fallen‚ just because the company cut down the orders of the components used in the manufacturing of the ios device which it outsources. But the fact actually is that apples sale has not fallen‚ and in fact its sale has increased since the launch of the new Iphone5 in October 2012. Analysis- Analysts and speculators have different views about the demand of the Iphone5.Some speculate that the demand of the ios device has decrease
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to gain economics of scale. (b) the demand for barr’s product is probably price elastic. Explain how this may influence the way in which barr’s markets it product. (5’) Definition of “the price elasticity of demand”: price elasticity is a kind of measurement which used to measure sensitivity of changes in quantity demanded in response to the changes of price. And for A.G. Barr‚ the main product‚ Irn-Bru‚ is a kind of product which its price elastic to demand‚ in other word means coefficient elastic
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A. | 0.01 fewer electric guitars. | B. | 0.69 fewer electric guitars. | C. | 1 fewer electric guitar. | D. | 10 fewer electric guitars. | | | | | | | 3. | Shane and Barry live in the same house and share the washing and cooking duties around the house. Shane can either prepare four meals or do 16 washes and Barry can either prepare 16 meals or do eight washes in an hour. If they want to specialise and trade their work load‚ what would be a relative exchange of
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Homework Questions 1) El Niño wind patterns affected the weather across the United States during the winter of 1997–1998. Suppose the demand for home heating oil in Connecticut is given by Q = 20 – 2Phho + 0.5Png – TEMP‚ where Q is the quantity of home heating oil demanded‚ Phho is the price of home heating oil per unit‚ Png is the price of natural gas per unit‚ and TEMP is the absolute difference between the average winter temperature over the past 10 years and the current average winter temperature
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overall. At times‚ it seemed as though I sold more when it was cooler weather compared to when it was hot weather. But‚ the profit margin was much better when I raised my prices for the hot days. When it is hotter out and people are thirsty the demand is higher for the cool product‚ thus I was able to charge more money and make more profits. I enjoyed this activity and the challenge that it provided. It was fun to figure out how many pitchers/cups of lemonade that I thought I might need
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Supply and Demand‚ Markets‚ Prices and Price Setting Cirilo "Lee" E. Montano Trident University Microeconomics ECO201 Allison Kaminaga‚ Ph.D. December 10‚ 2012 Explain what happens to price and quantity of coffee when the following events occur: 1. An advertising campaign highlights scientific studies that find drinking coffee can help reduce weight gain. a. What do you think would happen? People will buy more coffee‚ drink more coffee‚ and research what coffee will help them lose
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