Week I Quiz Results/Answers ECO561 1. Revenue increases when * producer surplus increases 2. An increase in the price of an inelastic good * increases revenues 3. Price elasticity of Demand increases when * people become less price sensitive over time 4. The purpose of a market in a market system is to * bring buyers and sellers into contact 5. By specializing in the production of one good‚ a company is able to benefit from economies of scale which increases its revenue. Which
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1. What factors determine the place and different degree of word stress? Phoneticians divide syllables into strong (heavy) and weak (light). A strong syllable contains a long vowel or a diphthong or a short vowel plus two consonants; syllables with a short vowel and no coda are weak ones. Only strong syllables can be stressed (although not all of them)‚ but weak syllables are never stressed. Factors that may determine the placement of stress are: the morphological structure of the word (whether
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2011 The market of computers has many different options and brands for customers to choose from. Everybody has their own opinion on why they buy a certain brand and what they think are the best qualities on a computer. The knowledge buyers have can vary from someone who knows everything about the computer and how it works on the inside; to the average buyer who mainly needs it for school‚ business‚ or personal everyday use. The big discussion topic on the market is if computer users prefer
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Pricing is one of the most necessary factor a company must take into consideration upon venturing into a selected industry. This is affected by different factors such as the manufacturing costs‚ marketing costs‚ legal mandates of the state‚ the competition‚ the condition of the industry and the quality of the product. Through this a company is capable of determining their profitability which then may determine how they can generating appropriate amount of income that will support their operation
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3 price discrimination With the rapid development of economy and market‚ the price discrimination phenomenon is more and more universal and the form is more and more multiple. Price discrimination refers to companies selling exactly the same or similar production to different customers at different prices. 1In November 2006‚ the major IT Web site noted‚ Lenovo in the United States launched a holiday promotion‚ and four models of ThinkPad were under undercut. TP R60 price was down from $
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PRICE DETERMINATION IN A COMPETITIVE MARKET METHOD AND PROBLEM A CASE STUDY OF CONSOLIDATED BREWERIES PLC BY OTTAH SAMUEL O. MATRIC NO: 201042000097 DEPARTMENT OF BUSINESS ADMINISTRATION AND MANAGEMENT. OGUN STATE INSTITUTE OF TECHNOLOGY IGBESA‚ OGUN STATE IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF NATIONAL DIPLOMA IN BUSINESS ADMINISTRATION AND MANAGEMENT CERTIFICATION This is to certify that this research work was carried out by OTTAH SAMUEL O. with matric number 2010042000097
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Myanmar noble college Student Name-Lin Lai Lai Phyu Student ID NO-1HND-B0003-03 Subject- Business environment Class-Business Year I‚ Semester I Assessor name-Daw thi thi khin Market forces and international trade in UK Task1 Illustrate how the market forces determine the businesses’ decision and organizational responses. Judge how the business and cultural environments shape the behaviour of UK economy. Task2 Discuss the importance of international trade on UK businesses. One of the biggest challenges
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PRICE STABILITY 1’’Price stability is the economic term used to refer to a situation where the general price level covering consumer goods remain unchanged or if it does change‚ it happens at a low rate so that it is not strong enough to make any significant influence on economic decision of participants in a economy. We encounter prices in different forms in our daily life activities as buyers or sellers when we get engaged in consumption‚ investment or trade. In market economy‚ price changes
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continuous cultural history of any of the peoples of the world (Sickman. L‚ 1968). In recent years‚ pushed by the huge economic growth in Asia‚ the fine art market rise sharply within Asia‚ especially China‚ changed the geographical structure of the global art market. The Chinese government set up some preferential policies to promote the fine art market because they see the great economic potential in this flied. In 2011‚ China has a 49% growth of artworks in auction revenue‚ becoming the first global
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Hi guys‚ my name is Betty. I am the lead of my group today. I am goanna talk about fuel prices. The issue of fuel is very complex. First‚ what is fuel? It is material such as coal‚ gas‚ or oil that is burned to produce heat or power. And these 3 energies occupy the major parts of fuel use. In the past few years‚ fuel prices went up rapidly. Each country is very sensitive on the price. What causes fuel prices to rise and fall? For instance‚ let us have a look at oil. There are two main reasons
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