1. Economies of Scale. If the firms produces in an industry with very high fixed costs‚ consumers can benefit from a large firm which can exploit economies of scale. Economies of scale lead to lower long run average costs and therefore give the potential of lower prices. Example: Would you want several firms providing tap water? Would it make sense to have 2-3 companies laying a network of water pipes and sewage systems across the country? No. It is better to have 1 firm. This is an example of
Free Economics
Changes in Supply and Demand affecting Wal-Mart Organic products The article that I chose to discuss regarding supply and demand refers to Wal-Mart Stores Inc selling organic food in their stores. Because consumers and our health crazed society have demanded such a product‚ they have left an impact that will not only benefit themselves but Wal-Marts profits as well. By Wal-Mart supplying organic foods to their customers at the "Wal-Mart" price‚ keeps suppliers and competitors on their toes
Premium Organic food Organic farming Sustainable agriculture
the Section 5.3 Review and Section 6.2 Review videos I have realized that gas price changes are inelastic. Inelastic demand is “when percent change in quantity demanded is less than percent change in price‚ so price elasticity is less than 1 in absolute value” (Hubbard & O’Brien‚ 2015b). This means that when a price of a product changes‚ such as gas‚ it does not affect the demand of that good or service. I feel that consumers will be responsive to the price change when these fluctuations occur due
Premium Automobile Supply and demand Economics
"Labor demand is a derived demand‚ meaning it is a result of consumer demands for the organization’s products and services. The organization acquires and deploys its workforce in ways that will allow it to be responsive to consumer demand in a competitive manner." Above is a quote from your textbook Chapter Three. Given that this statement is true‚ what will the organization have to do in order to forecast its future labor demand? What is one technique that could be used to accomplish this
Premium Employment Ratio Future
Why is Hinduism considered monotheistic? Despite Hinduism having thirty three million gods‚ it is nonetheless considered a monotheistic religion. In this essay‚ I will thoroughly explain why it is monotheistic and not polytheistic. The definition of monotheism is the belief in a single‚ omnipotent god‚ whereas polytheism is the belief in many gods. Hindus explain that the gods are merely various forms of a single Supreme Being. Similarly‚ philosophical texts advocate a pantheistic (the belief that
Premium Religion Hinduism God
Demand of Small states will change the entire future of India in 21 Century [pic] Let’s understand and know why creation of small states is not good for India - Regional Conflicts among states will increase - Creation of small state will divide India - Small states in India are not making progress - Increase in corruption among Politicians and state officials - Increase in Maoist activities [pic] Why a Telangana state? Today some Political parties and Junk Action committees in AP
Premium
1. What is the difference between a. and a. Explain why flexion/extension ROM increases and axial rotation ROM decreases at the lower one to two thoracic interbody segments compared to the thoracic segments above. Flexion/extension ROM increases and axial rotation ROM decreases at the lower one to two thoracic interbody segments because this is where the thoracic vertebrae start to transition into lumbar vertebrae. These segments start to transition from a frontal plane bias to a sagittal plane bias
Premium
Spectrophotometer; the finding of protein concentration of an unknown sample of BSA‚ and by using the standard curve. Abstract A spectrophotometer’s purpose is to use colors of the light spectrum to determine the concentration of light absorbing molecules in a solution. (p.59) In this particular lab‚ our mission was to determine the protein concentration and the standard curve of the unknown sample of BSA. This‚ by preparing five dilutions of the unknown solution of BSA together with other
Premium Concentration Serum albumin Absorbance
huge amount of beads are consumed by people who attend the Mardi Gras. The customer who buys beads has a large age span‚ ranging in age from children to adult. Most of them are old enough for drink. Moreover‚ both male and female are customers who demand beads. In addition‚ all the customers showed up in the film are Americans‚ including both black and white people. Their education backgrounds are not mentioned in the film. Customer’s role in economic process Customers are the exact people who
Premium China Film director Film
Abstract Acetaldehyde is produced throughout the world primarily from ethylene‚ although some is still derived from ethanol and acetylene. Demand for acetaldehyde worldwide has continued to decrease primarily as a result of less consumption for acetic acid manufacture‚ as the industry continues to move toward the more efficient and lower-overall-cost carbonylation-of-methanol process. For example‚ all manufacture of acetic acid from acetaldehyde in North America has been discontinued and in
Premium Ethanol Acetic acid