The Problem of Rising Prices Price rise is a world phenomenon today and inflation is affecting every section (rich and poor) of society. About three decades ago we could purchase wheat at thirty rupees a quintal‚ but today we cannot get it at less than three hundred rupees a quintal in big cities. Everything was within the reach of man until a few years ago. Today there is no limit to the price rise of all kinds of items. Millions of people in the world have to go hungry. They have to work hard
Premium Political corruption Thomas Hobbes Bribery
THE PROBLEM OF RISING PRICE There is the problem of rising price all over the world. But this problem is more serious in India than anywhere else. It is the greater curse to the poor class. The following facts have causes the price rate in India. India is a back ward country. Production is not enough to meet the needs of the people. So there is shortage of every thing. It causes rise in price. India is facing the greatest problem of over- population. But
Premium Price Problem of evil English-language films
oligopolists don’t match price changes. The second (B) prevails if rivals do match price changes. Price ($) $10 9 8 7 6 5 4 Demand A 3 2 1 Demand B 0 2 4 6 8 10 12 14 Quantity (units per period) a) By how much does quantity demanded change if price is reduced from $10 to $4 and i) Rivals match price cut? ii) Rivals don’t match price cut? b) By how
Premium Oligopoly Economics Marginal cost
08TH SEPTEMBER 2009 Topic of the Assignment: DOMINANT PRICE LEADERSHIP Student Signature Faculty Signature DOMINANT PRICE LEADERSHIP Dominant price leadership exists when a. one firm drives the others out of the market. b. the dominant firm decides how much each of its competitors can sell. c. the dominant firm establishes the price at the quantity where its MR = MC‚ and permits
Premium Pricing Radio Herfindahl index
Introduction For over twenty-one years‚ fuel price in Malaysia has been fluctuating ever since. Back then‚ the cost of a litre of petrol was only RM0.89. The history of fuel price increment started since the year 1990 when petrol price increased to RM1.10. Today‚ the price of a litre of RON97 is retailed at RM2.40 while RON95 at RM1.90. Malaysia government is subsidizing fuel pump at around 40 sen per litre and had already spent up to RM56 billion by giving gasoline‚ diesel and gas subsidies each year.
Premium Petroleum Peak oil Benchmark
IPhone Price Analysis Project – Product Analysis On April 1‚ 1976 Apple Computer Inc.‚ was created by Steve Jobs‚ Steve Wozniak‚ and Ronald Wayne (Jay‚ 2008). Through a shared vision the group created the first Apple 1 personal computer. Later in the year‚ Ronald Wayne sold his share in the company back to his partners. Apple Computer Inc. was incorporated in 1977. Apple Computer Inc. became a major competitor in the high-tech computer world. Over the next couple of years‚ Apple Computer
Premium Apple Inc. Steve Jobs
Event Budget Project Description: Your goal as a budget committee member for the formal Valentine’s Day Ball at the university is to balance the income and expenses‚ decide on the most appropriate ticket price per student‚ and ensure that your budget falls within the limitations you must work with. In this project‚ you will create one- and two-variable data tables to examine car loan options‚ use Goal Seek to determine how much money you would have to save each month for a down payment on
Premium Spreadsheet Decimal Change
One year later‚ Yieldex completes a Series B financing for $5.7 million at a price of $1.00 per share. c) One year later‚ Yieldex completes a Series C financing for $11.4 million at a price of $1.50 per share. d) One year later‚ Yield is sold to another firm‚ for some exit price. For what expected exit price in d) will Cosman prefer to turn down Turn and retain his equity in Yieldex? For what expected exit price in d) will the angels prefer to turn down Turn and retain their equity in Yieldex
Premium Investment Venture capital Bond
12.1 Suppose your elasticity of demand for your parking lot spaces is -2‚ and price is $8 per day. If your MC is zero‚ and your capacity is 80% full at 9 A.M. over the last month‚ are you optimizing? We are clearly not optimizing because we are only optimized when marginal revenue equals marginal cost. Because our costs are sunk we should lower our prices so that we can fill to capacity. 14.4 A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and
Premium Price Marginal cost Cost
While auditing my client‚ I found that the price the company has been paying for their widgets doubled in a year’s time. In addition‚ they are now being purchased entirely from a new vendor. After I check the fair market price for these widgets‚ however‚ it appears that they are only worth half of what the company is paying. This is one of the red flags for fraud. As an auditor it is my job to ensure to the best of my ability that the financial statements are not materially misstated due to fraud
Premium Fraud Audit Financial audit