Suppose there are 100 consumers with identical individual demand curves. When the price of a movie ticket is $8‚ the quantity demanded for each person is 5. When the price is $4‚ the quantity demanded for each person is 9. Assuming the law of demand holds‚ which of the following choices is the most likely quantity demanded in the market when the price is $6? Explain and show calculations‚ While the question asks of the choices given what the quantity demanded will be‚ there are no choices given
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What is Human Services? The goal of Human Services is to help people meet their basic physical and emotional needs that for whatever reason cannot be met without outside assistance. The goal of Human Services is to provide services to all human beings. Human beings sometimes are in need for food‚ health‚ shelter and safety and necessarily do not know where and how they can find such assistance. Some people also face the fear of asking for any type of assistance do to financial burden. They rather
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What is Human Service? The field of Human Services helps individuals meet their human needs through the knowledge base. Focusing on different ways to solve problems‚ and improving the quality of life for clients. Human service professionals are committed to helping clients develop the necessary skills to become self-sufficient and function on their own and within society (Marten‚ 2014). Human Services Professionals come into play when people find themselves confronting barriers to get their needs
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International trade could be define as the exchange of goods and services across the borders‚ it means that contrary to domestic trade‚ it includes the business with others countries and in this way‚ the play a role if they want to grow. Actually‚ the situation is more complex and plenty of theories have shown that international trade is not only conduct by the availability of resources owned by a location but even a country with a small quantity of assets could be competitive on the market. In a
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1. Labour Supply Analysis (to determine if the number and types of employees required are available when and where they will be needed). You should analyze current workforce’s capacity to meet current and predicted demands for business goods and services. The process begins with the internal analysis of existing employees in the company. If the number or mix of staff are not sufficient or not meet the requirements‚ the search for external information is required. Theses information can be obtained
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Model of Service Quality 2 2-2 Variations of the Gaps Model Five Service Quality Gaps Variations of the Gaps Model Six Service Quality Gaps Variations of the Gaps Model 13 Service Quality Gaps (Gaps Model gone wild) Chapter Conceptual Framework of the Book: The Gaps Model of Service Quality The Customer Gap (Sometimes referred to as Gap 5) 2 The Provider Gaps: Gap 1 – The Listening Gap not knowing what customers expect Gap 2 – The Service Design and
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What is service blueprint? As the name suggests it is concerned with the service process and described as the tool for operational planning giving guidance on following aspects such as how it will be provided‚ staff actions‚ physical evidence and most importantly how it is needed to be delivered to its channels. In other words it is describing and developing the service process. Let the blue print be in any form‚ Flow Charts or Graphics it should convey the different modes or channels via which
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There are six possible waiting point in the “Made by You” Services Blueprint. First one can be already in the reservation making when the customer cannot get somebody on the phone or it takes hours or even longer to receive a confirmation email. Second waiting point can appear when the customer enters the store and all staff members are busy or the one who speaks English is not available at the moment. The same waiting reason can occur when the customer wants to pay. The fourth cause of waiting is
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discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government creates
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Increase in Demand (Tastes‚ Ads‚ and Preferences) New RedBull Energy Tea! RedBull Energy Drink is introducing a new line of drinks‚ including the new RedBull Energy Tea. Due to the new line‚ the demand for the product will increase from past history. As the demand increases‚ a shortage will occur because more people will have a higher demand for the new line of products. Since the high demands won’t be able to be met‚ we must raise the prices until the shortage disappears and the new equilibrium
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