MGT 405 1. (10 pts) Because a government subsidy increases the number of mutually beneficial trades‚ it increases social welfare. Uncertain. A Subsidy is like an inverse tax. Consumers and producers benefit. The demand curve shifts down shifting the equilibrium‚ lower price for consumers and greater quantity sold for producers. Consumer surplus rises and producer surplus rises (area under the new price they receive). However the welfare is the sum of the new consumer surplus and the producer
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1. Plot the demand function Qd = 60 – 4P. 2. Plot the demand function Qs = 100 + 2P. 3. The annual demand and supply for coffee are given by Qd = 10‚000 – 50P Qs = 20P Where price is in dollars per 50-kilogram bag and quantity is in thousands of 50-kilogram bags. Calculate the equilibrium price and quantity in this market. 4. Assume a competitive market where demand is given by Qd = 980 – 90P while supply is given by Qs = 200 + 40P. It can be determined that the equilibrium price in this
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Sweetpotato (Ipomea batatas) is considered a staple crop in many considerable parts of Africa. According to FAOSTAT (2013)‚ sweet potato has been considered as the seventh important food crop in the world. Agriculture has become more market oriented and sweetpotato is one of the many crops that help farmers obtain income and subsistence food security (Wheatly and Loechl‚ 2008). Sweetpotato are mainly eaten as staple food‚ consumed directly from the farm in a subsistence economy across the sub-Saharan
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definition of Kroon and which describe the macro environment‚ can be identified and examined. These There are a number of common approaches how the external factors‚ which are mentioned in the factors indirectly affect the organization but cannot be controlled by it. One approach could be the PEST analysis. PEST stands for political‚ economic‚ social and technological. Two more factors‚ the environmental and legal factor‚ are defined within the PESTEL analysis (or PESTLE analysis). The segmentation
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For Profits: The Unethical Side of Micro-Lending The original principle of micro lending is to provide start-up or expansion business loans to people living in less advantaged or impoverished countries who are unable to apply for traditional loans due to lack of credit history and/or collateral. Micro-financing is a great tool to create venture capital for those who would have no other means to secure it. The primary goal of micro lending‚ as established by Muhammad Yunus‚ the godfather of microcredit
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ENVIRONMENT ISSUES TODAY There are considerable environmental issues that require urgent attention to make the ecology friendly. Climate change is changing our economy‚ health and communities in diverse ways. Scientists warn that if we do not aggressively curb climate change now‚ the results will likely be disastrous. Carbon dioxide and other global warming pollutants are collecting in the atmosphere like a thickening blanket‚ trapping the sun’s heat and causing the planet to warm up. In addition
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Definitions of Science An organized body of knowledge gathered over a long period of time to explain the world we live in. Knowledge or a system covering general truths or the operation of general laws especially as obtained and tested through scientific method. Scientific Method 1. Identifying the problem (Questioning) 2. Gathering Preliminary data 3. Formulating a hypothesis* 4. Testing of the hypothesis 5. Analysis and Interpretation of data 6. Drawing of Conclusion
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to date about environmental issues * Have good communication skills * Able to interact and convince individuals * Have good presentation skills * Good at solving complex problems * Critical thinking ability * Work environment Environment
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earth is the only planet in the universe which has an environment suitable for life. Water‚ land‚ and air are needed for survival. Earth provided these essential and human used them. One of the biggest problems that the enviroment is serious pollution. Pollution can be divided into three types : water pollution‚ land pollution‚ and air pollution. Paragraph 3: Another type of pollution is which has a remarkable influence on over environment is air pollution. Every year‚ there are a lot of smoke
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Both the governmental and Non Governmental Organizations have been propagating afforestation programmes. Due to the industrial revolution many countries have seen the rapid decline in forests. Cutting of trees is not only a threat to the environment but also to the quality of life and to the economy also. Reasons for the decline in forests : Explosion of human and livestock population Increased demand of timer‚ and fuel wood Expansion of the agricultural land Construction of the infrastructure
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