After analyzing and evaluating all three alternatives‚ it presented some optimistic and undesirable outcomes. In regards obtaining the most positive outcome financial feasibility should be considering top priority. As stated by Schmitt et al. (2010)‚ “the financial costs of our corrections policies are staggering”. The following alternatives focuses on ways of reducing overcrowding in prisons system. Given the advantages and disadvantages of these alternatives‚ this plan to assist policymakers and
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Solar Panel Services Keller Graduate School of Management Business Economics (ECON-545) March 21th‚ 2015 Introduction My neighbor Cindy is asking my advice about her new idea of running a contracting business for the installation of solar panels. She is interested about the cost savings that households and business can take advantage of as a competitive advantage to promote the investment. In addition‚ she thinks that consumers will be willing to invest in solar panel services due to the reality
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“Heat Conduction” Introduction Thermal conduction is a mode of heat or energy transfer that occurs in a solid or fluid due to the presence of temperature gradient. It is the transfer of energy from the more energetic particles to the adjacent less energetic particles in the form of interactions between the particles. Simply put‚ it is defined as heat transferred by molecules that travel a very short distance before colliding with another molecule and exchanging energy. Theory There are
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Konèar PowerTransformers Ltd. A Joint Venture of Siemens and Konèar STRAY LOSSES HOW TO REDUCE THEM AND WHY? KPT-OIPT 013E‚ Published 02.2000. Generally‚ there is a simplified understanding that the socalled load losses in a transformer (load losses‚ PL ) depend on the ohmic resistance of the windings. This is only partly true‚ as the losses arising from magnetic leakage flux in various metal parts of a transformer constitute a significant part of the total losses. This component
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Question 2 Show the PPF curve under decreasing and increasing returns to labour. The Production possibility frontier analyses the most efficient use of company resources to achieve different levels of production of output. Labour is one of the variables factors of production. One unique feature of the PPF is that one alternative is usually foregone in order to maximize the production of another product‚ for example‚ in a refinery a manager may decide to deploy more human resources to produce
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ratio will have a greater change in a z-score. It was no fair for non-manufacturing firm using the original z-score. So‚ a z-score above 2.6 was considered as safe zone. Decreasing in z-score from year 2012 to 2013 is because of the decreasing in first‚ second and fourth ratio have a greater impact on Z-score if compared with decreasing in third and fifth ratio. The first ratio shows the short-term financial health of a firm. The higher the working capital than total assets‚ the better the liquidity
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Today’s business world is becoming more difficult and complex because of the important numbers of factors to take into accounts. Then‚ with the globalisation‚ more and more firms tends to go global. This trend means that the risks are increasing‚ and have to be monitoring in order to run well. All the transaction are made with money like investment... But‚ the main problem is that almost all countries have currencies different from each others. It means that their values are not the same‚ and
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Written by: Edmund Quek CHAPTER 6 THE THEORY OF COST LECTURE OUTLINE 1 2 2.1 2.2 2.3 2.4 2.5 2.6 3 3.1 3.2 3.3 INTRODUCTION SHORT-RUN THEORY OF COST Distinction between fixed cost and variable cost Total cost Marginal cost Average cost Relationship between marginal cost and average cost Optimum capacity LONG-RUN THEORY OF COST Cost minimisation in the long run Long-run average cost Productive efficiency References John Sloman‚ Economics William A. McEachern‚ Economics Richard G. Lipsey and
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The city of Canberra is known as Australia’s Bush Capital. Recent urban planning approaches consistently demonstrate serious shortcomings in predicting and responding to bushfire risks (Buxton‚ et al 2010). In this fieldwork in the Canberra suburb of Lyneham a systematic approach using field observations‚ demographic statistics and other methods‚ helped understand plausible risks and consider the suburb’s geographical characteristics as a contribution to understanding local risk. Figure 3‚ the
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Answer the following questions: Question One: Explain why each of the following two statements is False: (Assume that all variables are kept constant in all the 3 statements below) Statement (1):If the price of shoes decreases‚ then the demand on socks will decrease as well because the two goods are complement goods. This statement is false : because they are complement goods so is the price of (x) which is shoes decreases the quantity demand of (y) which is socks must increases. In
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