4.4ai. The price elasticity of demand is given to calculate the new price. The fruit stall has 100 peaches initially but 10 peaches are rotten. It means the number of remaining peaches is 90 units. Therefore‚ the question provides the factors such as initial quantity‚ new quantity‚ initial price which are 100‚ 90‚ 1 respectively. Let the new price be x. Therefore‚ we will choose $1.2 per unit as the new price to sell the remaining peaches. 4.4aii. Case 1: If I do not discover the
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OWOYOMI OLUWATOSIN ADEDAPO 1/16/2013 | ECONOMICS AND STATISTICS | AN ESSAY OF THE EVALUATION OF FACTOR PRICE EQUALIZATION THEORY. | MAT NO: SSC0905121 | INTRODUCTION Factor price equalization is an economic theory‚ by Paul A. Samuelson (1948)‚ which states that the prices of identical factors of production‚ such as the wage rate‚ or the return to capital‚ will be equalized across countries as a result of international trade in commodities. The theorem assumes that there are two goods
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Rick Richards‚ et ux. v. Commissioner Facts: The petitioners‚ Mr. Richards and Mrs. Richards‚ Issues: 1. Whether petitioner (both Mr. Richards and Mrs. Richards) conducted their writing or acting activities with the objective of making a profit within the meaning of §186? 2. Whether petitioners have substantiated the ordinary and necessary business expense of these activities? 3. Whether petitioners are entitled to carry forward a net operating loss from a prior tax year 4. Whether petitioners
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Outline I. Introduction A. Attention getter B. Introduce topic II. Price elasticity of demand A. Define B. Example III. Price discrimination A. Define B. Example IV. Effect A. Who/how benefits B. Revenue V. Conclusion A. How B. Closing attention getter Price Elasticity of Demand and Price Discrimination Buy one get one half off and 10% off are just two of the more common offers I come across as a student. They may not seem like much‚ but for some people saving just one dollar
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Airline Ticket Prices Jodie L. Hebner Grantham University An airline’s ticket price is determined by several factors to include time of day a consumer wishes to travel‚ day of the week such as Tuesday’s and Thursday’s are usually the most affordable days to travel‚ popular versus non-popular destinations‚ first class costs more than general class‚ cost of fuel‚ competition from other airlines‚ special factors such as discounts for military‚ government or corporate personnel‚ (How Stuff Works‚
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stores in USA market because of economic clash. It also mentioned that the raising of strong competition of MCD‚ who provide much cheaper price of coffee. The heavy pricing completion from competitor and slowing economic drives Starbucks’ market fluctuation. Moreover‚ the article also stated that since financial crisis‚ it has result Starbucks’s market stock price dropped 50% of its value in 2008‚ which is not a positive sign of a company. Nevertheless‚ it does have better performance in some Asian
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In the case of Keller v. Inland Metals All Weather Conditioning‚ Inc. Inland Metals did have an express warranty with the humidifier it sold to Keller. According to NOLO (2015) “an express warranty is a verbal or written statement that guarantees that a product is of a certain quality or will work in a certain way or for a certain amount of time.” In the case of Keller v. Inland Metal‚ Inland Metals provided both verbal and written statements about the quality of the humidifier they sold the
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This example did not meet the criteria for EEO. The Griggs vs Duke did not meet the criteria due to other reasons. Griggs V. Duke Power Co displayed lack of EEO Compliance by having a neutral rule (high school Diploma) that disparately impacted a minority (Blacks) that had no direct relevance to the performance needed for the job. It was also proven that minorities did not
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“REPORT ON DO SOARING PRICE AND MOUNTING DEMAND IN INDIAN GOLD MARKET SPEAK OF A PARADOX? “ A STUDY ON “MISMATCH BETWEEN DEMANDS FOR AND SUPPLY OF GOLD’’ CASE STUDY SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTERS OF BUSINESS MANAGEMENT COURSE OF ALLIANCE UNIVERSITY ALLIANCE BUSINESS SCHOOL INDEX Page no. Content 1 Cover page 2 Index 3 Problem statement and Executive Summary 4 Issue analysis 5 Statistical
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Steinberg v Chicago Medical School Facts: In December 1973 Robert Steinberg‚ the plaintiff‚ applied for admissions to the Chicago Medical School. He paid an application fee of $15‚ but his application was rejected. After being rejected he filed against the school‚ claiming that they did not evaluate his application according to the academic entrance criteria printed in the school’s bulletin. Steinberg argues that the school based its decision primarily on nonacademic consideration such as family
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