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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Describe at least two benefits if using enterprise systems. Enterprise system is an integrated enterprise-wide information system that coordinates key internal processes of the firm. Set of integrated modules for applications such as sales and distribution‚ financial accounting‚ investment management‚ materials management‚ production planning‚ plant maintenance‚ and human resources that allow data to be used by multiple functions and business processes. Enterprise systems
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P3 In this assessment I will be explaining recent demographic change within their home country. Demographic is a term used to describe the study of changes in the size and structure of the population. The demographic examine wider changes in the population. Through researching looking at older people and how they caused demographic changes in home county (England) i have found out that now people will live much longer‚ more than they used to. Throughout year’s things like the health care and the
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The poetry of Judith wright shows that an Australian Cultural identity is complex and hard to define as she expresses her personal strung;e tp develop a true and individual cultural identity. A cultural identity is a persons sense of belonging to particular group or environment with resinates with their nationality‚ ethnicity‚ generation‚ religion and any kind of social groups that has its own distinct culture. Many of wrights poems wish as “Niggers Leap New England” and “Bora Ring” highlight the
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Infringement of rights: not respecting an individual’s rights and not letting them practice their culture. This can lead to individuals feeling devalued and very sad‚ which will affect their health. An example of this say for instance in a care home it was Eid and they was not allowed to celebrate it however all the other occasions were allowed‚ this would make an individual feel devalued and as if their needs or wants aren’t important‚ like their culture isn’t important this could lead to health
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Describe how the body responds to stress (6 marks) Acute stress causes the arousal of the autonomic nervous system (ANS). The ANS comprises of the sympathetic nervous system (SNS) which prepares the individual for ‘fight or flight’ and the parasympathetic branch‚ which returns the individual to their original state of relaxation. Part of the SNS response is the sympathetic adrenal system (SAM)‚ this system along with the SNS is collectively called the sympathomedullary pathway. The SNS is activated
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One could describe Crèvecoeur as bold within his writing; his opinion is strongly emoted through his use of words and phrases. With a sharp attitude and an unyielding image of the role of man in the differing countries he manages to express his opinion without ever actually stating it. It is made clear that Crèvecoeur sees America as a place of safety for those who decide to flee their unfavorable life in Europe with the use of the words “great American asylum” to describe America in the opening
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1.4. Describe how own behaviour could: a) promote effective interactions with children and young people Children always look up to adults and will take lead from adults around them. If we show good behaviour then they will take that in. We have to follow the guidelines and rules‚ be polite and respectful towards other‚ if class teacher say something to do then you have to do. Always wear smart dresses.Treat everyone fairly and be aware of your own approach. Being a team player and offering
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important to think about how many staff you need in the business to carry out the job properly. If there are less staff then the business may not be able to do its job properly and offer the best customer service to their customers as they cant solve everyone’s problem quick enough. Moreover this will mean that the facilities for the customers will be less so then the customer will not like the business and may turn their back towards them. Again these kinds of businesses can be rented or leased
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transactions between Australia and the rest of the world of a given period of time‚ essentially it illustrates the trade and money flows in and out of Australia’s economy. For ease of identification and analysis‚ the Balance of Payments is separated into two separate components namely the‚ Current Account and the Capital and Financial account which deal separately with certain aspects of Australia’s international public and private sector interactions. Resulting trends as a consequence of the calculation
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