1. Compute the elasticities for each independent variable. Note: Write down all of your calculations. When P = 500‚ C = 600‚ I = 5500‚ A = 10000 and M = 5000‚ using regression equation‚ QD = -5200 - 42*500 + 20*600 + 5.2*5500 + 0.2*10000 + 0.25*5000 = 17650 Price elasticity = (P/Q)*(dQ/dP) From regression equation‚ dQ/dP = -42. So‚ price elasticity EP= (P/Q) * (-42) = (-42) * (500 / 17650) = -1.19 Likewise‚ EC = 20 * 600 / 17650 = 0.68 EI = 5.2 * 5500 / 17650 = 1.62
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Assignment # 1 Stakeholder analysis on the British Petroleum oil spill disaster Stakeholder: UK and USA Government The British Petroleum (BP) oil spill in the Gulf of Mexico flowed unabated for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry. This event affected individuals and groups‚ know as stakeholders‚ in different ways according to the impact that the catastrophe meant to their situation. The stakeholders treated in this case are
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Identify Blessed Farm’s stakeholders. b) What is motivating them to become involved with Blessed Farm? c) Evaluate each proposal identifying: i. Blessed Farm’s relative strengths and weaknesses in respect of each proposal; ii. The information required before such a proposal can be undertaken; iii. The sources of that information; iv. Which Stakeholders are likely to be for or against the proposal and their relative power to obstruct its implementation; v. The changes which have to be made
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Madame Defarge is a character in Charles Dickens’ A Tale of Two Cities that will live forever in the reader’s memory due to her desire for revolution and thirst for vengeance. Madame Defarge is so driven for vengeance over the Evremonde family and the French aristocrats that have wronged the poor citizens in France. One reason Madame Defarge will always always stay in the mind of the reader is how Madame records people’s names‚ descriptions‚ and history in her knitting. The author writes “It would
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divided into two groups: water soluble vitamins and fat soluble vitamins. Water soluble vitamins are vitamins B and C; these need regular replacement in the body. Whereas‚ fat soluble vitamins get stored in the liver and fat tissues and are used more slowly‚ these vitamins are A‚ D‚ E and K. Water Soluble Vitamins Vitamin B – Vitamin B is a group of water soluble vitamins that have an important function in cell metabolism. There are eight different types of vitamin B‚ which are all different from one
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as well as advantages of each. How has scientific management influenced organizational management and has that influence led to the human relations movement? Why‚ or why not? Scientific management is different from the human relations movement because the scientific management is focused on theorizing performance of a particular job. Human Relations is more focused on the individual who is doing the performance in a work setting. The Scientific management had a narrow view that only focused on
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lots of people therefore there is high employment level and their wages will go high as well because they want to attract more people because the business can afford to hire lots of people therefore the business will run in a very good way also businesses are investing more to make the business expand and meet peoples demands‚ and in a boom people have lots of money which they want to spend on their want and needs and because of that shops will make lots of profit. Task 2) Human resources in
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“The Purpose Of Life Is A Life Of Purpose” In each one of us‚ there burns a soul destined for greatness. In every generation‚ a few are chosen to proven… and sometimes‚ it happened while others are in the bathroom. Life: No one knows where it will take us. Is it our own decisions that guide us or does fate play a big role in dictating the road that we travel? Which course we will be steering? What twists we must endure? One thing is for certain; there is no certainty. No wait too long and everything
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P2-Exlpain how to build cohesive teams that perform well. For a team to become successful they must progress through different stages of development. Business owners will try to build a cohesive team of employees that will imperative their success‚ teamwork is critical to a business; so many businesses will create team building exercises which will help the teams to build trust‚ ease conflict‚ increase collaboration and build effective communication. Building a cohesive team is important for the
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A person who had a positive influence on my life Almost everyday of everyone life is experience.In my whole life I have gained and still make new experiences.There is always a time in one’s life‚when a hero comes along.Somebody who has inspired you and helped you to learn what life is about. I remember it as it was yesterday‚surprisingly as my state of mind on that cold January night can be described only of numbness and confusion.It was around eight o’clock p.m when my mother received a phone
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