= 0.952 (necessity goods) b) Derive the equation of the demand curve and write it in the conventional way. Qx Px = 250.7 – 410.3Px + 240.3(75) + 180.3(82.5) + 1.23(5250) = 39605.45 – 410.3Px = 96.528 – 0.00244Qx c) Suppose that the marginal cost of Elite VS600 is constant at $50‚ what is the profit maximizing price and output? » MC = MR Given MC = 50 Find MR = TR =PxQ = (96.528 – 0.00244Qx) x Qx = 96.528Qx – 0.00244Qx2 = 96.528 – 0.00488Qx » MC = MR = 50 96.528 – 0.00488Qx = 50 Qx
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Patience Chinhondo Rhonda Davis English 291-009 09/12/14 The economic analysis of obesity I chose to evaluate a chapter of a book written by Dr Tahere Alavi Hojjat. The book is to be published in 2015. The title of the chapter I chose to evaluate is The Economic Analysis of Obesity. Dr Tahereh‚ a professor of Business at DeSales University‚ Pennsylvania. The author is credible because she holds a Ph.D in Economics. The chapter looks at the causes or major contributors to the increasing
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Nursing 701: Theoretical Perspectives of the Discipline Quality of Life: A Concept Analysis Kayla L. Chesley North Dakota State University Instructor: Norma Kiser-Larson Introduction What does quality of life mean? How would a person define the concept of quality of life? Philosophers have studied questions similar to these in the aspect of what constitutes a “good” life for hundreds of years. There really is no certain date to the origin of quality of life as a specific term. In the years
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ECONOMIC ANALYSIS – SHORT TERM Indian economy is third largest economy in Asia and growing with 2nd most growth rate in the world. Despite the above fact‚ presently it is going through one of the turbulence times. The growth rate of India has slowed down to 6.5% for the FY12 and outlook for FY13 is between 6.5% to 7%. Inflation and interest was at higher levels during the FY 2011-12. Adding to this‚ higher Fiscal deficit and CAD lead to depreciation of currency to Rs. 55 a dollar. Yield on G-Sec
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University of Phoenix Material Critical Analysis Worksheet Read “Common Core” and “The Battle Against Common Core Standards.” Perform a critical analysis of each reading using critical thinking techniques from this week’s readings. Respond to the following based on your critical thinking analysis of the “Common Core” and “The Battle Against Common Core Standards” readings. 1) Define the term conclusion. A decision or judgment reached by reasoning. 2) What is the conclusion of each article
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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on purely estimations where the costs and profits will come to a breakeven point. The common breakeven analysis is Cost-Volume-Profit Analysis. This analysis shows that how the cost and profit changes when the volume change. It analyses the effects on profits of changes in variable costs‚ fixed costs‚ selling prices‚ volume‚ and the products sold. However‚ there was a downside for this analysis which it only focuses on the breakeven point. In this paper‚ I mainly analyses Burberry’s performance
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Microeconomics Topic 6: “Be able to explain and calculate average and marginal cost to make production decisions.” Reference: Gregory Mankiw’s Principles of Microeconomics‚ 2nd edition‚ Chapter 13. Long-Run versus Short-Run In order to understand average cost and marginal cost‚ it is first necessary to understand the distinction between the “long run” and the “short run.” Short run: a period of time during which one or more of a firm’s inputs cannot be changed. Long run: a period of time during which
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An explanation of how decision-making is dealt with in economic analysis requires an examination of the main factors at play. These factors amongst others are looked at as a base for decision making. Supply and Demand are the most fundamental tools used in economic analysis. I will explain what demand is and how the demand curve is derived. I will also write about Supply and its relationship with Demand. I will examine equilibrium price (market clearing price) and how we can calculate or plot it
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What personality (or character) type does Hank display according to Freudiantheory? Provide evidence for your answer. At what stage is Hank fixated‚according to the Freudian perspective? Find evidence of fixation in the casestudy. What might have caused this fixation? Hank¶s personality is a reflection of the unconscious mind. He is not aware of howothers perceive him. Unfortunately‚ Hank was isolated from the social scenebecause of his character. He never had the pleasure to meet a girlfriend
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