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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The possibility of abuse of company ’s resources is a real risk "that can lead to regulatory noncompliance" (Johnson‚ 2011). To ensure the company ’s profitability and survivability would need strict enforcement of security policies. The two most monitoring and enforcement policies I would be most concerned about is‚ Access Control‚ and virus protection. The monitoring regulations I would rely on for this activity are audit trails provided by logs‚ and ISO 27001/27002 (formerly ISO 17799:2005)‚ ITIL
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Introduction An open and competitive procurement procedure begins with the promoter’s description of its requirements and an invitation to suppliers to indicate their interest in the contract and their professional capacity to fulfil it. The promoter then identifies potential suppliers and invites them to submit bids. After the bidding phase‚ most procurement systems require a public declaration of the competitors’ names and their bid prices and‚ ultimately‚ of the successful bidder. There is
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EFFECTS OF GOVERNMENT POLICIES IN AN OPEN ECONOMY 1 Robert J. HODRICK* The effects of three government policies. an increase in the provision of government services. an open market operation‚ and an increase in the rate of growth of governmerit liabilities‚ are studied in a long-run model of a small open economy with flexible exchange rates. The government budget constraint. the degree to which government bonds are net wealth to the public‚ and the degree of substitutab:lity of government services
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Eco-Industrial Parks: The Case for Private Planning Industrial ecologists are championing eco-industrial parks or EIPs as tools for pursuing sustainable development. An EIP is a community of companies located in one region that exchange and make use of each other’s by-products or energy. Among the best known is Kalundborg‚ Denmark‚ a city in which the major industries and the local government trade their waste streams and energy resources. Many commentators see Kalundborg as a model that should
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* Competitive Environment Paper In 2004 K-One Technology introduced a solar panel charger at an expo. “The solar mobile phone charger has a solar panel that can be activated to charge mobile phone by exposure to sunlight or lamp. It also incorporates rechargeable AA battery as back-up power in case of cloudy day or at night.” (Muhtar‚ NA) This was a device that used a panel and had battery back-up. This was still an interesting idea and close to the device being suggested. Solar energy is a newer
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Changes in the Government policy What are the main tools that the government manage the economy? The government manage the economy by using the fiscal policy. The Fiscal policy involves the use of government spending‚ taxation and borrowing to affect the level and growth of collective demand‚ output and jobs. Another way the government manage economy is by using the monetary policy. This policy is designed to attempt to influence variables like the balance of payments‚ currency exchange rates‚
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Very simply‚ the term competitive advantage means the positioning a firm takes in relation to other firms in its industry. According to Michael Porter‚ there are three different way to sustain a competitive advantage. These three different strategies are cost leadership‚ differentiation‚ and focus. The term cost leadership describes when a firm provides the same or similar services or products as other firms but does so at a lower price. The term differentiation means a firm offers a superior
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TATA HYRDO (Eco friendly car) “ WATER IN ‚ WATER OUT “ Need of the product : It is Perfect solution to check global warming and depleting non-renewable fuels. Fuel : water Bi-product : water Chemical reaction : 2H2 + O2 = 2H2O Pick up/ acceleration : Best‚ better than petrol‚ gasoline cars as its based on Rocket technology ( hydrogen fuel) . Working : The electrolyte cell splits water in to hydrogen and oxygen with solar power which
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Ecosystem Components Paper Christy Stevenson SCI/256 November 27‚ 2012 Raed Aldouri Ecosystem Paper In this paper I will be discussing three main points; the first will be the major and functional dynamics of the ecosystem including change over time. Second‚ will be how humans may have affected biogeochemical cycles in that ecosystem. Last I will discuss how knowledge about that ecosystems structure and function can help or has helped to develop plans for its management and restoration
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