Science has brought many changes in the world today.It is used in all the corners of tScience has brought many changes in the world today.It is used in all the corners of the world for the benefit of man. The motor-car or the electric lamp that we use today was not known to people who lived generations ago.Owing to the use of science‚the people of today are able to do many things with ease and comfort.Travel has very easy.So man’s activity has increased greatly. Science has also been used to treat
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Although people say that listening to others is an important attribute so that you have different perspectives to consider and learn from‚ having your own opinion and a strong belief in it is the most crucial matter. There are many examples like the Lord of the Flies when Ralph tried to protect the strayed boys with the rule of organization and sticking to his owen decisions without being shaken by Jack the “bad” character. Similarly‚ Mahatma Gandhi clings to his owen opinion of anti-violence and
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Demand Forecasting Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods‚ such as educated guesses‚ and quantitative methods‚ such as the use of historical sales data or current data from test markets. Demand forecasting may be used in making pricing decisions‚ in assessing future capacity requirements‚ or in making decisions on whether to enter a new market.
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ME Assignments‚ TERM-1 ➢ LAST DATE OF SUBMISSION- 20.09.12 Roll no. Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P‚find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ‚the income of the consumer falls. Assuming computers to be normal good‚ what will be the equilibrium price & quantity
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higher pay can motivate better-skilled workers and increase productivity. A living wage ensures that a worker can pay for basic necessities like housing‚ food‚ transportation to work and health care. A common definition states that the living wage should be high enough that no more than 30% of take-home pay needs to be spent on housing. But in most areas of the country‚ full-time employees being paid the current minimum wage will have incomes below the living wage. In dollar terms‚ that means
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Many books have been prohibited by people and countries around the whole world‚ but is it really a good Idea to do so? I believe that the fact that people are banning books is a completely ridiculous idea. Additionally‚ everybody should have the right to read what they want. In these past few hundred years‚ humans have invented writing‚ paper‚ and books in order to record their findings and memories to share and pass down to future generations. Consequently‚ ideas and information are now more easily
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Price elasticity of demand In economics and business studies‚ the price elasticity of demand (PED) is an elasticity that measures the nature and degree of the relationship between changes in quantity demanded of a good and changes in its price. Introduction When the price of a good falls‚ the quantity consumers demand of the good typically rises; if it costs less‚ consumers buy more. Price elasticity of demand measures the responsiveness of a change in quantity demanded for a good or service to
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Position Statement Being simple‚ but being superior. The Apple Hotel is positioned in a level of 5-star hotel; we provide simple atmosphere and impression‚ but superior service to our customers. Regarding to the high-class offered accommodation‚ the Apple Hotel provides customers an environment which is just like home. Differentiation * Image Differentiation Apple’s image is considered to be its personality. Differ from other 5-star hotels‚ our hotel possesses an exact image of apple instead
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other animals. The mangroves are important because if they are lost‚ so will be the fish and fishing industry‚ thus affecting economy of the country. Without the mangroves‚ more people would die during natural disasters and quality of the water we use would not be as good. Thus‚ it is important for us to conserve the mangroves. Word count:
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increase in the price of the product‚ which results the quantity demanded to drop by 1.19%. Therefore‚ the demand of this product is somewhat elastic. Subsequently‚ increase in price may drive customers away. Cross-price elasticity is 0.68. If the price of a competitor’s product goes up by 1%‚ then quantity demanded of this product will increase by 0.68%. This product is fairly inelastic to a competitor’s price and there is no need to be concerned about the competitor since their pricing won’t
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