is at max point Managers take production right up to the point where TC=TR; if they can [2] Oligopolies can benefit most from going past the profit maximising output because it gives them a market share advantage over their competition. The economic climate can affect managers’ ability to deploy this tactic. If a recession is on the cards then shareholders will be anxious and keeping them and profits high will be a priority to which managers must abide to keep their position. The Downsides:
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elasticity of demand Inelastic demand curve will be less than 1 Inelastic demand curve will be less than 1 Elastic demand curve will be greater than 1 Elastic demand curve or Kinked demand curve will be greater than 1 Is there a presence of economic profits? No Yes Yes Yes Introduction: Printing is one of the most highly competitive industries in America today there are literally thousands of printers in the United States‚ they range from a small mom and pop operation to multinational
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BRIBERY SCANDAL AT SIEMENS AG Abstract: This case discusses the bribery scandals that were unearthed at Siemens AG (Siemens) in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. In another case‚ the company was accused of bribing labor representatives on the supervisory board in order to gain their support for its policies. After the German authorities conducted raids
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- Financial flows Deregulation of financial markets (less rules and regulations in currency markets and foreign investment) led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic
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Question 1: What is the significance of the pollution from plastic bags? What is the scale of this pollution problem compared to other forms of pollution? Answer: Pollution from plastic bags or bottles has involvement from the accumulated products made of plastic which in turn adversely affect the environment which consists of wildlife‚ and humans. It can affect lands‚ waterways like oceans and rivers. The biggest prominent factor for usage of plastic bags is due to inexpensiveness and durability
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subject Title Page Your title should be 1/3 from the top of the page and centered • 12 font -- Times New Roman Your personal information should be included in the bottom right corner • Your full name (as it will appear on your IB Diploma) • Your IB Student Number • School Name (Glenfoest Secondary School) • Your subject area (ie. History‚ English‚ Chemistry) Format Structure • 1 inch boarder on all pages (2.5 cm) • 12 font Time New Roman • double space • Page Number –
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exchange rate is said to overshoot when its immediate response to a disturbance is greater than its long-run response. Exchange rate overshooting is an important phenomenon because it helps explain why exchange rates move so sharply from day to day. The economic explanation of overshooting comes from the interest parity condition. Question 4 (a) Using the AA/DD framework‚ explain the separate effects of a temporary monetary expansion and a temporary fiscal expansion on the exchange rate‚ output and
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Andy Betancourt Period 0 IB Economics Mr. Moody Student Workpoint 1.3 & 1.4 1.3 The HDI represents a push for a broader definition of well being and provides a composite measure of three basic dimensions of human development: health‚ education and income. Between 1980 and 2012 China’s HDI rose by 2.0% annually from 0.407 to 0.699 today‚ which gives the country a rank of 101 out of 187 countries with comparable data. The HDI of East Asia and the Pacific as a region increased from
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gaps in income levels may have had a hand as well. Numerous factors have led to the protests‚ including issues such as dictatorship or absolute monarchy‚ human rights violations‚ political corruption (demonstrated by Wikileaks diplomatic cables)‚ economic decline‚ unemployment‚ extreme poverty‚ and a number of demographic structural factors‚ such as a large percentage of educated but dissatisfied youth within the population. Also‚ some - like Slovenian philosopher Slavoj Žižek - name the 2009–2010
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science and technology‚ the growth of productive forces and people’s life getting better. More and more people need to use internet. Because of that ALIBABA will gets more potential consumers. Online trade will be more and more popular. 2. Economic environment: there are numbers of minor enterprises were grew up after Chinese government start to set up market economy. They need to build new markets. But they can’t get enough information about their competitors or products. Information asymmetry
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