Part 1: Suppose that the tin mining market is perfectly competitive. The market demand curve is given by D(P) = 300 – P‚ where D is measured in units per year‚ and P is measured in $ per units. There are many potential entrants into this market‚ all of whom have identical cost curves. These cost curves are summarized in Table 1 below: Table 1 Cost Curve Formula Maginal cost (in $ per unit) MC = 30. Fixed cost per year FC = 100. (Annualized) Capital charge CC = 100. Capacity (in units per year)
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When the market demand for dry bulk capsizes is high‚ carriers can demand higher spot charter rates. When market demand is low‚ carriers accept lower spot charter rates. Due to 63 new vessels scheduled for commission and imports of iron ore and coal projected to be stagnant‚ spot rate were anticipated to fall over the next two years. 2. What factors derive average daily hire rates? The daily hire rate is determined by supply and demand. Thus‚ we looked at the supply of capsize vessels
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being single to a more settled family lifestyle. According to a recent video report by Mobile Future‚ a Washington‚ D.C.‚ broad-based coalition of businesses and non-profit organisations‚ there has been a massive increase in the numbers of consumer Smartphone apps (applications) downloaded over the past two years‚ with figures going up from 300 million apps downloaded in 2009 to five billion in 2010. According to Traxler such rapid uptake in mobile phone ownership has transformed many aspects of our
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surpassed the PC user base in India and very soon the Indian market will have more mobile users than TV viewers. The growing intensity of competition has led to more services for the end user at lower prices. This has had an effect of stimulating demand and thus increasing the category adoption rate. As more users have been added to the subscriber base‚ it has led to a further downward pressure on operator costs. This has led to further cost benefits to the end user‚ fuelling further
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The market supply and demand curve above shows the milk price support problem. In order to solve the milk surpluses in the market‚ the government should take the steps to increase the market demand to the milk products by exploring overseas markets. For instance‚ the government should export the milk surpluses abroad. This would cut the cost of storage for milk products and encourages the local dairy farmers continue in dairy business. b. The small dairy farmers would prefer the proposal 4
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elasticity of demand (PED) is the responsiveness of quantity demanded in relation to the price. Normally as price increases for an elastic good the quantity demanded will fall. This is affected by how many close substitutes there are for the good and if the good is a luxury good (jewelry) or a necessary good (food). If the price of a certain type of cheese increases‚ less will be demanded because there are many substitutes available such as other brands of cheese. The inelasticity of demand is applicable
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Aggregate Demand and Supply Model Economic Advisement With a nominal GDP estimated at more than 15 trillion it is clearly the United States economy is one of the largest in the world. A person must have lived in a cave underground for the past several years to not know that the current state of the nation’s economy is in desperate need of improvement. Many academic institutions have thought about how the economy arrived at its current state and how can it be restored. Some would advocate not using
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The Dependence of People on Smartphones. The excessive use of smartphones has not only changed the way we see technology but also the way we live our lives. In the year 2000‚ the first touch screen phone was introduced and people who loved technology were amazed by this cellphone technology that did not required a physical keypad to work or access the cellphone main menu‚ although not that many special features were added to this cellphone besides the digital touch screen tech lovers fell in love
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Reading/composition April 8‚ 2012 Smartphones comparison Today with the development of technology we can own many cell phones or smartphones that are very modern and have many functions. I’m looking for a smartphone that I feel that phone is suitable for me. I consider 2 smartphones I choose. It’s the Apple iPhone 4S and the Samsung Galaxy S II. We will compare some features both of them such as: design‚ screen‚ processor and operating system so that I can choose a smartphones for me. The first thing
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Abstract The production of copycat phones manufactured in China has a massive impact on the sales of major smartphone players. This paper will evaluate whether products have intellectual property (IP) rights to protect their designs in China in comparison to Australia. There are IP rights to protect designs in China – the patent law for outward design. However‚ even with the existence of IP laws‚ applicants are not fully protected because of: the weak IP law enforcement; the corruption that exists
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