estimate elasticity of demand. If there is no switching cost between lens and medicine‚ under any price above WTP‚ farmers will choose only medicine. On the other hand‚‚ farmers will chose only lens at any price below WTP. Therefore‚ demand curve is perfectly horizontal. If we assume there is some switching cost‚ and the cost is different from farmers‚ demand increase when price goes down. If we assume liner demand curve‚ we can say slope of demand curve is negative. Still‚ at the price of WTP‚
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technology is not only what first comes to mind like cell phones and computers. Technology is also the crafting of materials‚ pencils‚ pens‚ even your toothbrush is considered a form of technology. All of these objects that most of us use on a day to day basis has altered are lifestyles compared how the world was several hundred years ago. Sadly‚ the majority of technology has a reverse affect‚ more so on the environment.
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America’s Education! Compulsory school attendance based on the Prussian model gradually spread to other countries‚ reaching the American State of Massachusetts in 1852‚ and spreading to other states until‚ in 1917‚ Mississippi was the last state to enact a compulsory attendance law.[6] Massachusetts had originally enacted the first compulsory education law in the American colonies in 1647. In 1852‚ the Massachusetts General Court passed a law requiring every town to create and operate a grammar
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3.2 Price Elasticity of Demand (PED) and Cross Elasticity of Demand (CED) With predatory pricing and price wars being carried out‚ the drop in the prices of airline tickets has certainly affected other industries with different modes of transport. One example is the express buses. As the demand for express bus tickets is price elastic‚ the relative increase in the price of the tickets would result in a more than proportionate decrease in the quantity demanded for them. Such a prediction is highly
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INTRODUCTION Is alcohol good for your health? For many reasons‚ this is a question without simple or clear-cut answers. Humans have used alcohol safely and enjoyably for thousands of years‚ and it continue to occupy an important place in many religious ceremonies and social celebrations. In addition‚ moderate alcohol use can provide certain health benefits‚ particularly with regard to coronary heart disease. However‚ alcohol consumption is also associated with serious risks. Drinking too much
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nature of science The nature of science can be found in its process as a mode of discovery . Science ‚ like most fields of study ‚ is basically still just a process of understanding reality and the environment . As a process of understanding ‚ it necessarily involves guesses and conjectures (McComas 1996 . As William McComas states ‚ it is a myth to think that the scientific method is purely scientific just as it is flawed to consider a hypothesis as an educated guess (McComas ‚ 1996 . Science
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Cori Martin Professor Butts ENGL 1101 24 November 2012 Sex Education: A Necessity Sexual risk taking among young adults exemplifies a significant public health problem in our society. Without being educated properly about their natural desires‚ juveniles are unable to make mature decisions about their sexual activity. Comprehensive sex education in school systems would greatly help to prevent the spreading of diseases and pregnancies by informing students about the possible risks of having sex
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Is Affirmative Action A Necessity? Affirmative action is a plan designed to end discrimination by guaranteeing minorities will be hired or accepted into certain schools regardless of race or gender. In 1955‚ President Dwight D. Eisenhower signed an executive order prohibiting discrimination against any employee or applicant for employment in the federal government because of race‚ color‚ or national origin (Affirmative Action). This policy‚ which started out as a phrase‚ was introduced in the
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How to Be a Good Student College is a competitive environment; in order to success in it a student needs certain skills. Those skills can only be learned. A college professor mentioned that there five basic rules that need to be followed in order to become a good student: study‚ do all the homework and the assigned reading‚ attend class‚ and‚ most importantly‚ develop self-discipline and time management 1. In the following lines‚ a detailed analyze of those different steps will be done. So‚ let’s
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The Impact of Blood Sugar and Insulin on Dieting People‚ who support weight loss plans‚ believe that isolating the different causes of obesity and overweight will guarantee weight loss in a short amount of time. By isolating the different causes of weight gain‚ the supporters of the weight loss plans believe that losing weight will be made simpler for people‚ who would want to lose weight without devoting too much time for exercise and dieting. The causes of weight gain are determined by a person’s
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