magnitude‚ while supply–demand curves are unitary elastic. Given a certain event/scenario‚ (a) analyze the curve/s affected‚ shifts or movements and the direction‚ and (b) effect to equilibrium price (P*) and equilibrium quantity (Q*) Scenario 1 a. Prices of optical drives suddenly increase The production cost has increased so the supply decreases and eventually the price go up. The supply curve shifts to the left. b. A new market-standard operating system is released
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DETERMINING THE GLUCOSE CONTENT OF AND ORANGE USING GOD-PAP ASSAY Every fruit has a sweet taste only that some are sweeter than others. The sweetness of most fruits come from its sugar content and these sugars that the fruits contain are known as invert sugars. In this experiment‚ an orange was used. An orange which is an excellent source of vitamin C gets its sweetness from natural sugars which are sucrose‚ glucose and fructose (livestrong.com). In this experiment the concentration of glucose in an orange
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Why the aggregate demand curve slopes downward: To answer this question‚ we recall that the components of economy’s GDP: Y = C + I + G + NX We assume that government spending is fixed. The other three components: consumption‚ investment‚ and net exports depend on economic conditions and on the price level. 1. The price level and consumption: The wealth effect: Ex: The nominal value of a dollar is fixed‚ yet‚ the real value of a dollar is not fixed. Coca Pizza 1 $ 1 0.5$ 2 → A decrease
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UNDERSTANDING LEARNING CURVES Jenny Wilson is a buyer at Flextron‚ a manufacturer of large industrial pumps. She has a requirement for a customized subassembly that a preferred supplier‚ Vistral‚ is building for the first time. She is preparing for negotiation with Vistral‚ where a key issue will be the price of the subassembly. Given the unique nature of this subassembly‚ Jenny expects to incorporate into the contract price reduction targets based on learning curve estimates. While
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Task 1c – M3: Glucose Solution Concentration (%) Absorbance (Arbitrary Units) 1 1.61 0.1 0.32 0.01 0.23 0.001 0.22 How to use a Colorimeter: • A Colorimeter measures the absorbance of particular wavelengths of light by a specific solution. • Firstly to use the Colorimeter you must switch it on 5 minutes before use to allow it to stabilize. Next select the most appropriate filter for the analysis and then anter it into the light channel or the selector depending on the type of Colorimeter you
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Spotlight on the theory Indifference Curve Analysis The aim of indifference curve analysis is to analyse how a rational consumer chooses between two goods. In other words‚ how the change in the wage rate will affect the choice between leisure time and work time. Indifference analysis combines two concepts; indifference curves and budget lines (constraints) The indifference curve An indifference curve is a line that shows all the possible combinations of two goods between which a person is
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population occurs. Both daughter cells from the division do not necessarily survive. However‚ if the number surviving exceeds unity on average‚ the bacterial population undergoes exponential growth. The measurement of an exponential bacterial growth curve in batch culture is traditionally a part of the training of all microbiologists; the basic means requires methods for Measurement of cell mass: bacterial enumeration (cell counting) by direct and individual (microscopic‚ flow cytometry)‚ direct and
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tested the blood glucose level of diabetic and non-diabetic people every 30 minutes starting from right before a meal was eaten up until two hours. I did this by measuring the amount of light absorbed by the solutions through a spectrophotometer. By doing so I found that for diabetics the maximum blood glucose increased more quickly than non-diabetics‚ which increased and decreased at a steady rate. With this information I was able to determine that the damaging effects of glucose molecules would
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Assignment 1: Learning Curve “A” Case Assignment questions 1. 10.8 – 6 = 4.8 6 hours for one unit x .8 = 4.8 learning curve therefore is 80% 10.8 x .8 = 8.64 / 2 units = 4.32 average hours per unit 19.2 x .8 = 15.36 / 4 units = 3.84 average hours per unit 35.2 x .8 = 28.16 / 8 units = 3.52 average hours per unit 64 x .8 = 51.2 / 16 units = 3.2 average hours per unit 115.2 x .8 = 92.16 / 32 units = 2.88 average hours per unit
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Learning curve effect explains relationship between experience and productivity. According to learning curve effect‚ if time consulting‚ completed transactions do again‚ spending time that is required for transaction will shrink and productivity of work will increase. Learning curve effect is observable in every area of life. For example‚ we deal with a software developer. Learning first programming language at high level takes about two years for the software developer. The same software developers
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