and Mauritius in hopes of producing vanilla there. After Edmond Albius discovered how to pollinate the flowers quickly by hand‚ the pods began to thrive. Soon‚ the tropical orchids were sent from Réunion Island to the Comoros Islands and Madagascar‚ along with instructions for pollinating them. By 1898‚ Madagascar‚ Réunion‚ and the Comoros Islands produced 200 metric tons of vanilla beans‚ about 80% of world production. According to the United Nations Food and Agriculture Organisation‚ Madagascar is
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Sugar was not only a stimulant to consumers but also for anyone else in the production of it‚ more and more sugar was being demanded‚ perhaps because of it accessibility or the money that came out of it. If it weren’t for producers‚ consumers‚ and entrepreneurs sugar production would not have been one of the biggest productions of a crop in the world. The organization of sugar met the needs of producers‚ because sugar production was profitable and did not consist of many owners; it met the needs of consumers
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Ralph T. Byrns Modern Microeconomics 2001 © Chapter 8 The Costs of Production Production and Costs Costs in the Short Run Fixed Costs Implicit Costs Explicit Costs Variable Costs Average Costs Marginal Costs The Symmetry Between Production and Costs Total Product and Total Cost Curves Geometry of Average and Marginal Costs Curves Average Physical Product and Average Variable Costs Marginal Physical Product and Marginal Cost Costs in the Long Run Isocost Lines Cost Minimization The
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1. Is gross profit or net profit more important to consider when you’re deciding how successful and profitable a company is? Why? Explain. (1-3 sentences. 2.0 points) Gross profit is the profit you make before taxes. Net profit is more important‚ because it is what you have after paying taxes‚ or the money you actually get to keep. 2. Choose a well-known company that you know of‚ and describe its direct and indirect competitors. Describe at least 2 direct competitors and 2 indirect competitors
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reference‚ research and analyse what your studio role involves both technically and creatively from pre production to production of a studio programme. And with reference to your team’s studio programme‚ discuss your role and how you contributed. Introduction The purpose of the “Studio Production” module was to produce a live studio programme in a team‚ starting from the pre-production stages right through to the live studio broadcast. Each member of the team was assigned a studio role that
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A healthy child develops into a healthy adult. In case the child does not grow properly‚ and he remains handicapped in some way‚ his ill-health spoils his adult life. He cannot join any active service; he cannot be a successful professional‚ nor can he live his life happily. Health is real wealth. A healthy person is an asset to himself‚ to his family and to his community. On the other hand an ailing person is a burden on all. He is a danger for coming generations because heredity plays an important
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1. Briefly describe salt production from brine production to finished round cans. Salt is produce by drilling the surface for about 2‚400 feet below. Then‚ water is infused in this cave; thus‚ salt is dissolved with the water. The resulting brine is then pumped in the surface‚ boiled and when it evaporates‚ salt crystals will occur with some moisture but can be removed through the drying process. This happen continuously for about 6 weeks but there will come a point where output will reduce (normal
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involved the pretreatment of milk follow by the homogenization‚ heat treatment‚ cooling to incubation temperature‚ inoculation with starter‚ fermentation ‚ cooling‚ post fermentation treatment‚ chilling and lastly packaging for commercial yogurt production. In this experiment‚ the making of yoghurt followed the batch process. The 1000ml of UHT milk is mixed with some milk powder to increase the content of milk solid non fat in the milk in order to improve the texture with the help of protein functionality
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5.1 Factors of production Capital 5.1 Factors of production KE Y I DEA The four factors of production are land‚ labour‚ enterprise and capital. Land This means the land itself‚ and any natural resources that come with it. So oil‚ natural gas‚ bauxite‚ fertile soil‚ a pleasant climate and sandy beaches are all included in this factor of production. Every business uses some physical space – though‚ for example‚ a bank or small home-based business uses much less land than an agricultural
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competitive with other forms of food retail. Recently‚ consumer demand for foods that are fresher (spend less time in transit) and foods with more variety—has led to growth of farmers’ markets as preferred food-retailing mechanisms. Farmers’ markets can offer farmers increased profit over selling to wholesalers‚ food processors‚ or large grocery firms. This‚ due to the fact that the middlemen are locked out of the chain.[3] By selling directly to consumers‚ produce often needs: less transport
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