Part 1: Suppose that the tin mining market is perfectly competitive. The market demand curve is given by D(P) = 300 – P‚ where D is measured in units per year‚ and P is measured in $ per units. There are many potential entrants into this market‚ all of whom have identical cost curves. These cost curves are summarized in Table 1 below: Table 1 Cost Curve Formula Maginal cost (in $ per unit) MC = 30. Fixed cost per year FC = 100. (Annualized) Capital charge CC = 100. Capacity (in units per year)
Premium Supply and demand
most to us especially on our study. To know what are the factors affect students performances we conduct a survey for 30 engineering students and asked them what are the factors that will make them more interested here in Rizal Technological University. Organization is one of the factors affect us as a student because this thing may help us be more active and be more responsible. The Professors who have different characters‚ this will also affects the performance of a student’s whether a strict professor
Premium Null hypothesis Prime number Arithmetic mean
elasticity of demand (PED) is the responsiveness of quantity demanded in relation to the price. Normally as price increases for an elastic good the quantity demanded will fall. This is affected by how many close substitutes there are for the good and if the good is a luxury good (jewelry) or a necessary good (food). If the price of a certain type of cheese increases‚ less will be demanded because there are many substitutes available such as other brands of cheese. The inelasticity of demand is applicable
Premium Supply and demand
There are numbers of factors that affect voter turnout. There are voters who are only interested in the presidential; however‚ there are voters who are interested in all elections. A simple factor of a low turnout can be as simple as the lack of interest of voters. One’s age‚ gender‚ and transportation to the polls is a factor. The weather plays a factor in the turnout of an election; a bright sunny day will have a higher turnout while a rainy‚ cold‚ and snowy day has lower turnouts. Socioeconomic
Premium Voting Elections Election
Problem Lack of nurse‚ this problem may cause patients to fall in illness more worst or even to death. For example ‚an old men could died due to cardiac arrest (heartache‚ muscle stops pumping in the heart area) suddenly‚ because no one give attention to this patient when needed while other nurses busy with other department. This problem occur when nurses have some professional problems which they may face and also busy handling other patients in other departments ‚ the nurses may not be
Premium College Higher education Nurse
be hard to grasp since we depend up gas for all our every day use one way or another. (Wrigley‚ S‚ Hess A E.M s‚ and‚ Sauter M B‚ (2013) Gas Prices Expecting another Surge Soon With the rising price for crude oil and the fall in the U.S. supplies is causing the wholesale prices on gas to rise up sharply and there has not yet been any fully reflect on the retail level yet. The prices at our gas pumps has increase by 7 cents compared to the last week of the national average‚ which was $3.55
Premium Peak oil Petroleum Benchmark
HOW CAN YOU MODIFY YOUR LIFESTYLE TO INCREASE YOUR CHANCES OF LIVING A LONG‚ HEALTHY LIFE? Life expectancy is affected by many factors. These include diet and exercise‚ smoking‚ mental state‚ environment‚ career‚ spirituality‚ social interaction and support. One of the most easily controlled aspects in my lives is my nutrition and exercise. My physical well-being directly impacts on my life expectancy. I am aware of the value of a well-balanced diet – rich in fruit‚ and vegetables‚ low in fat
Premium Health Nutrition Health care
1: At the Portland Fish Exchange‚ each day some amount of cod is brought to market. Supply is perfectly inelastic at that amount. How much cod is caught and brought to market varies day to day. Assuming the demand curve does not vary over time‚ use a supply and demand diagram to illustrate how the price is determined on different days. Explain how this process allows us to identify different points on the demand curve. Question 2: Consider the CEO compensation regression results on p.68 of
Premium Supply and demand Market failure Externality
Light and nutrients. Light is the key abiotic factor which controls the growth of woodland. It controls the spacing of the trees‚ shape of the trees and the shape and structure of the shrub and ground layers. If a trees branch does not receive enough light it will die. Irelands native woodlands are deciduous so there is a dramatic variation of the amount of light which reaches the forest floor through the seasons. In spring when the leaves have yet to grow and the temperature has begun to rise the
Premium Plant Soil Agriculture
Biology Coursework: Preliminary Work 8/12/2013 Intro I am going to investigate a factor that affects the rate of enzyme activity What are enzymes and how do they work? Enzymes are biological catalysts - catalysts are substances that increase the rate of chemical reactions without being used up. Enzymes are also proteins and thus have a specific shape. They are therefore specific in the reactions that they catalyse - one enzyme will react with molecules
Premium Enzyme