resources financially ‚ we as consumers are now faced with the choice of what to purchase and how much to purchase so that we may satisfy our appetite whilst still remaining well within our allocated budget. This scenario is basically the concept of economics’ placed into practice in one’s everyday life. To the average consumer purchasing products or goods that are relatively close to the product’s expiration date may seem risky‚ hazardous‚ life threatening to one’s health or to the more skeptical individual
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MC equals MR‚ the profit is maximized. From the above table‚ when output level is 140 minutes‚ marginal revenue equals marginal cost ($10000=$10000)‚ so the profit-maximizing level of output is 140 minutes. (d) When the industry exists positive economic profit‚ it will attract new firms to enter into the industry. However‚ no more licenses will be offered by government‚ so no any new firm entering the industry. (e)(i) Collusion is a formal or tacit agreement to limit competition by setting output
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technology course per training session. (a) Identify the main entity types for the company. (b) Identify the main relationship types and specify the multiplicity for each relationship. State any assumptions you make about the data. (c) Using your answers for (a) and (b)‚ draw a single ER diagram to represent the data requirements for the company. Chapter 13 Extended Entity-Relationship Modelling 13.7- Describe the two main constraints that apply to a specialization/generalization
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Nutrition quiz & tests questions and answers: Syllabus quiz: The online interactive discussion activities are very important because the points earned are worth 15% of your final grade. True The graded work under "quizzes" are timed and based on real-time‚ not logged in time. This means if you click on "start quiz" at 10am on Monday‚ you must hit the "submit" button on the quiz: by 2pm that same Monday in order to earn those points. There are 8 different quizzes offered during the term
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In the world of economics‚ the two main recognizable concepts are supply and demand. These two simple lines influence the factors in the free market. This paper examines how the laws of supply and demand influence the process of reaching market equilibrium for USB flash drives. Law of Supply The law of supply states that‚ “other things equal‚ firms will produce and offer for sale more of their product at a high price than at a lower price” (McConnell‚ Brue‚ & Flynn‚ p. 54). The basic determinants
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WORK BOOK- UNIT 5 A/601/8574(HSC 24) Learner Name: Date completed: | | |UNIT 5 A/601/8574 (HSC 24)- | |Principles of Safeguarding and Protection in Health and Social Care.
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people who are looking for jobs but cannot find them mostly because of the slow economic growth rate in the country. South Africa faces structural unemployment where people loose their jobs due to introduction of new technology or relocation of the company‚ these economic disruptions have resulted in high crime rates‚ low production and income as well as lost human capital. The NDP has been put in place to solve the problem of unemployment‚ and if supported well there can be job creation because they
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paribus. [pic] 2. The cross price elasticity between the demand for Washington State apples relative to Pennsylvania apples is +0.7. What can be said about the perceived differences in quality between the two apple varieties? How would your answer change if the cross price elasticity were only +0.1? Since the cross price elasticity is positive‚ these 2 apple varieties are substitutes for each other. The Ecross= +0.7 indicates a closer substitute relationship. If the Ecross were
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200083 Marketing Principles‚ Autumn 2014 Sample structure of answers to an essay question Sample question What is stress interviewing? Do you think it is justifiable that sales managers use stress interviewing in recruiting salespersons? Suggested answers A stress interview is a technique designed to put job candidates under extreme‚ unexpected‚ psychological duress for the purpose of seeing how they react. For example‚ a job candidate might be asked to make an impromptu sales presentation
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COMMERCE SHORT ANSWER QUESTION: CHAPTER#1 1. Using examples‚ distinguish between the primary and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer
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