1. award: 1.50 out of 2.50 points The demand curve for product X is given by QXd = 500 - 5PX. a. Find the inverse demand curve. PX = 100 - 0.2 QXd Instructions: Round your answer to the nearest penny (2 decimal places). b. How much consumer surplus do consumers receive when Px = $45? $91.00 c. How much consumer surplus do consumers receive when Px = $25? $95.00 d. In general‚ what happens to the level of consumer surplus as the price of a good falls? The level of consumer surplus
Premium Supply and demand
Government and Private Organisations are partners in public services delivery. We will think about whether or not Government is the best organisation to provide public services‚ or the private or either the non-profit sector by giving the merits and the demerits of each of them. Key Words Public Service is a service provided by government or local government. Private Service provider is a private service provided by private business. Example rail transport is now privately run in most countries with
Premium Private sector Government Public sector
Global Strategy Spring 2015 CASE ASSIGNMENT QUESTIONS Ice-Fili Please prepare the following questions for the in-class case discussion (not to be turned in) 1. 2. 3. What quantitative indicators can you find in the case that could capture the changing attractiveness of the Russian ice cream market between 1996 and 2001? What explains this change in market attractiveness over these years? What‚ in your opinion‚ should the Russian incumbent ice-cream makers consider to enhance the market attractiveness
Premium Marketing Management Strategic management
exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods must rise due to excess demand D. choices must be made and tradeoffs will occur 3. The ’no-free-lunch’ principle is another name for the A. cost-benefit principle B. the scarcity principle C. the ceteris paribus principle D. the marginal (not average) principle
Premium Supply and demand Economics Microeconomics
(3) there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government
Premium Supply and demand
Influencing Group Communication Leadership Styles and Group Communication Before discussing leadership styles and their affects on group communications of a specific company‚ it is important to first identify the organizational structure of that company. Different organizational structures may lend themselves more toward specific leadership styles then others. “A company’s individual organizational structure is a formal composition of task reporting relationships that allows the company to
Premium Management Starbucks Howard Schultz
Suggested Ice Breaker/Energiser Activities 1. Fear in a Hat Fear in a Hat (Also known as Worries in a Hat) is a teambuilding exercise that promotes unity and group cohesion. Individuals write their personal fears (anonymously) on sheets of paper which is then collected in a hat and read aloud. Each person tries to describe his or her understanding of the person’s fear. This leads to good discussion centred around the fears. This teambuilding exercise requires writing utensils‚ sheets of paper
Premium People Abelian group Person
Ötzi the ice man On September 1991‚ two hikers discovered a frozen body in Ötztal area near the border of Austria and Italy. Further examination of the body revelled that it was an old frozen mummy lived thousands years ago. The body was called Ötzi the iceman‚ after the Ötztal area where he was found. Various technologies and scientific methods were used by historians and archaeologists tried to work out the life and death of Ötzi. Some of these major methods are: Examining the photos from the
Premium Iceman Isotope DNA
Consumer behavior and factors influencing buyer behavior By Pyarimohan Mohapatra Consumer behavior is an attempt to understand & predict human actions in the buying role. It has assumed growing importance under market-oriented or customer oriented marketing planning & management. Consumer behavior is defined as “all psychological‚ social & physical behavior of potential customers as they become aware of‚ evaluate‚ purchase‚ consume‚ & tell others about product & services”.
Premium
positive or negative self-efficacy in teaching? 3. What factors did teachers identify as influencing their professional self-efficacy in teaching”? The research questions centered around teachers’ perceptions of how self-efficacy influences the academic achievement of their students‚ on what personality characteristics they feel teachers add to their positive or negative self-esteem in teaching‚ and on what factors they identify as influencing their professional self-efficacy in teaching. Accordingly
Premium Education Teacher School