Question 1.1 “According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost.” Please comment on this statement and explain your answers using examples. Ans Opportunity cost of an action refers to the value of the best alternative that must be given up in order to undertake that action. That is‚ the highest-valued option forgone. The statement in the question is uncertain and is determined by situation
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The Indian CRT CTV market stands at 18 million sets in 2010‚ registering a decline of 4.6 percent over last year. This is inclusive of 5 million sets supplied to Electronics Corporation of Tamil Nadu (ELCOT) for free distribution by the Tamil Nadu government. LG‚ Videocon Group brands‚ and Samsung together account for 50 percent of the volumes market. ELCOT procurement accounted for 28 percent of the CRT market. Onida‚ at sales of 1.4 million sets‚ accounted for 7.8 percent. The balance 13.9 percent
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Introduction Airbnb‚ world’s largest accommodation provider‚ owns on real estate. It is one of the perfect example for the uprising “sharing economy”. It has over 1‚500‚000 listings in 34‚000 cities and 190 countries. Founded in August 2008 and headquartered in San Francisco‚ California‚ the company is privately owned and operated by Airbnb‚ Inc. A guest seeking to rent a room or a property on Airbnb can enter the desired destination and dates‚ then view a variety of options including property type
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The magnitude 7.0 earthquake that struck Haiti on January 12‚ 2010 significantly deepened existing challenges and created massive reconstruction needs for a country that was already the poorest in the Western Hemisphere. In spite of the enormity of the task‚ three years after the earthquake‚ much has been done by Haitians and the Haitian Government‚ in partnership with CSOs‚ the private sector‚ and the international community. Of the 1.5 million internally displaced people‚ nearly 1.2 million have
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Economics The economics course provides students with a basic foundation in the field of economics. The course has five sections: fundamental concepts‚ microeconomics‚ macroeconomics‚ international economics‚ and personal finance. In each area‚ students are introduced to major concepts and themes concerning that aspect of economics. Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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Industry/market Industry: How many fitness centers? What’s their revenues? Profit margins? Is it growing? Concentrated or not? Market: PMB‚ attendance‚ consumer spending‚ Statistics Canada (average spending) General Trends: Growing? Health trends? Key Competitors: other popular gyms in the area (Nautilus‚ Progym‚ energy cardio) The Fitness Market The fitness market is very large and keeps growing. This market is targeted at anyone who wants to be in shape and is looking to live
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Case Assignment VikramAdith Raman [61310387] The ideal marketing strategy would have the following mix: Product | * The Wii has the highest market share (42.1%)‚ but the XBox 360 is very close behind (41.1%)‚ while the PS3 is a long way behind (13.9%). The XBox 360 has more hardcore gamers than the other consoles. Therefore‚ given its market share and suitable user base‚ the EPOC product should have a co-branding arrangement with Microsoft and develop the required software for the XBox 360
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As everyone already knows‚ we are still in a great economic recession. It is estimated‚ however‚ that the selling of the iPhone to consumers will add approximately 3 billion dollars to the US economy by the end of this year. Within this article‚ the concept of economic growth is prevalent. With the expected 3 billion dollars expected to be added to the US economy‚ this would add approximately 1/3 of a percentage point to our economy’s economic growth rate by the end of this year. Compared to the
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Structure sign and play analysis In his essay Struture‚ Sign and Play in the Discourse of Human Science‚ Derrida firstly describes the idea of freeplay‚ which is a decentering of systems within the systems themselves. Centering of systems is supposed to limit freeplay‚ yet this centering of systems‚ designed to give coherence to the system‚ is contradictory because it is there by force of desire‚ not by any fundamental principle. The basis of a structure comprise of historic patterns and
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