QD = fðP‚ PS‚ PC‚ Y‚ A‚ AC‚ N‚ CP‚ PE‚ TA‚ T=S …Þ [2.1] where QD = quantity demanded of (e.g.‚ Toyota Prius or Chevy Volt) P = price of the good or service (the auto) PS = price of substitute goods or services (e.g.‚ the popular gasoline-powered Honda Accord or Chevy Malibu) PC = price of complementary goods or services (replacement batteries) Y = income of consumers A = advertising and promotion expenditures by Toyota‚ Honda‚ and General Motors (GM) AC = competitors’ advertising and promotion
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Case Study Ecotourism Sarawak Malaysia Tourism is the fastest growing industries in the world‚ employing over 120 million people. LEDC’s use tourism as an aid to develop their country. While tourism can bring huge advantages such as employment‚ improvements to the infrastructure of the country it has to be able to balance this with the disadvantages tourism brings. Too much tourism can result in the harm to natural environment and mass tourism can result in the loss of local cultures and traditions
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1) Identify the change in total revenue (the marginal revenue) from the fourth shirt per day. What price reduction was necessary to sell four rather than three shirts? Marginal revenue for the fourth shirt is $41 even though it price is $44. Price reduction is $1 which is from $45 to $44. 2) What is the change in total revenue from lowering the price to sell seven rather than six shirts in each color each day? The change in total revenue from selling seventh shirts rather than sixth shirts is
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FAR EASTERN UNIVERSITY Nicanor Reyes Street‚ Sampaloc Manila City‚ 1008 Metro Manila In Partial Fulfillment in Introduction to Economics Present: An Economic Analysis Submitted by : Gladys Socia Jen Chua Lei Ureta Nicole Yu Jihad Taha Aaron Ogad Christian Vinas Charles Oroceo Nicka Casssandra Jerao Abbygale Evangelista Michaela Ronquillo Abigail Tiongson Submitted To: Dr. Darwin Bonifacio Professor Date Submitted : ______________________ I. Problem: Import-Export
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Assignment: Learning Curve “A” Understanding Learning Curves Units | Total Lab | Avg Lab | Learning | | | | | | Hours | Per Unit | Rate | | | | | 1 | 6 | 6 | *** | | | | | 2 | 10.8 | 5.4 | 10% | | | | | 4 | 19.2 | 4.8 | 11.10% | | | | | 8 | 35.2 | 4.4 | 8.33% | | | | | 16 | 64 | 4 | 9.09% | | | | | 32 | 115.2 | 3.6 | 10% | | | | | 64 | 211.2 | 3.3 | 8.33% | | | | | 128
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Eco Friendly Products Going green is the new movement in America. Corporations are creating products that they like to call “eco friendly‚” meaning they will not harm the environment. These corporations want us to believe that products such as light bulbs‚ cosmetics‚ cleaning products and even cars will help slow down the process of global warming and will help the environment. While some of these may be sufficient‚ some are not. Using non-toxic cleaning products is one way we can to keep our environment
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Hotels…………………………………..6 4. Eco- Friendly……………………………………….7 5. The Origin…………………………………………..7 6. Ecotels……………………………………….............8 7. ECOTEL Certification Services…………………...10 8. Eco Friendly Concept………………………………11 9. First World Ecotel………………………….............12 10. First Ecotel In India………………………………..13 11. Housekeeping ………………………………………13 12. Housekeeping and Eco-Friendly…………..............15 13. Eco Friendly Amenities Products and Processes…15 14. Eco Friendly Housekeeping ……………………….17 15. Eco Friendly Products……………………………
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500 v. Production cost per unit can be reduced by (a). producing more with increased inputs. (b). producing more with same inputs. (c). eliminating idle time. (d). minimizing resource waste. 4. State the benefits of improvement in productivity to various stakeholders associated with a business entity. Ans. Productivity refers to the physical relation between the quality produced (output) and the quantity of resource used in the course of production (input) Productivity
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An increase in demand for the product d. Reduction in excise taxes e. Reduction in interest costs 5. Which of the following is the supply curve under perfect competition? a. marginal cost curve b. average cost curve c. marginal cost curve above shut down point d. marginal cost curve above break- even point e. average variable cost curve 6. U shape of Long Run Average cost is due to the incidence of a. External economies of scale b. Internal economies of scale c. Internal
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Eco/372 Final 25/30 1) The largest source of household income in the U.S. is obtained from B. wages and salaries 2) The market where business sell goods and services to households and the government is called the A. goods market 3) Real gross domestic product is best defined as C. the market value of all final goods and services produced in an economy‚ stated in the prices of a given year 4) Underemployment includes people B. who are working part time‚ or not using all their skills
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