a) The price of natural gas‚ a resource used by manufacturers throughout the United States‚ doubles. Price increases because‚ the companies that sell the spiral notebooks need to mark up their price in order to keep afloat with the rising cost of natural gas. Demand is not affected. The determinant for demand on the TRIBE chart in this scenario would be related goods and services‚ since the price for a good that is used to produce spiral notebooks is increasing‚ thus leading to an increase in the
Premium Supply and demand Consumer theory
Macroeconomics Exam 1 Instructor: Prof. Phelps Name: Results: Class: Period: Date: Read each question carefully then circle the correct answer. When you are finished transfer the answers to the Scantron sheet. Make sure that you enter your name on both the exam and the scantron sheet. You have 1 hour to complete the exam. 1. For economists‚ the word "utility" means: a) versatility and flexibility. b) rationality. c) pleasure or satisfaction.** d) purposefulness
Premium Supply and demand Consumer theory Economics
1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could
Premium Investment Macroeconomics
report we are going to talk about the fuel cell cars and the issues with burning gasoline and its causing global warming. Iwill cover how we have alturnatives in transportation and the pros and cons of each of them. Global warming is a serious problem that the world is facing. Did you know that global warming increases the average tempature of the earths surface? This is due to the burning of fossil fules like coal‚ natural gases‚ and oil. These fossil fuels are what we burn in gasoline engines
Premium Natural gas Internal combustion engine Electric vehicle
September 17‚ 2013 The purpose of this paper is to assess personal energy use and speak about the forms of energy that I currently rely on and the sources they originate from. It also talks about renewable energy sources that would be most and least appropriate to use in a certain location. Then it refers to the advantages and disadvantages of the energy source that I currently use‚ also about renewable ones that have been identified. The last part of the paper addresses energy conservation
Free Wind power Fossil fuel Energy development
Nigerian farmers decided to sue Shell company in Dutch court claiming the oil spills ruined their livelihood. There was serious damage in Niger Delta due to Shell leaking pipelines. Their fish pond‚ farmland and forests in three villages (Goi‚ Aruma‚ Ikot Ada Udo) were all being destroyed. Their villagers want Shell to pay the compensation for their loss and cleanup the damages they made. But Shell rejected the liability claim. Moreover‚ they still blame on the sabotage. Shell lawyer told the court that
Premium Human rights Royal Dutch Shell Ethics
CRITICAL LOOK AT PROCTER AND GAMBLE AND THE VARIOUS ENVIRONMENTS THE COMPANY OPERATES WITHIN MBA 500 Business Environment‚ Ethical Analysis and Law‚ Section 501 Prof. Edward Thomas BY: VICTOR ADU-GYAMFI‚ PRANAV BABU‚ AIRIAN PRUITT‚ KAREN ROMOSER‚ SHUBHRA SHARMA‚ RITHANYA SOMASUNDARAM‚ GAURI WAGLE Procter and Gamble 2 Abstract This paper provides an Environmental Analysis of the multinational company Procter and Gamble. The paper attempts to highlight the enormous resources that are available to
Premium Procter & Gamble
Environmental and Consumer Influences Analysis PSY/322 September 2‚ 2013 Mary-Lynne Ament Environmental and Consumer Influences Analysis Consumer purchasing decisions are based on many factors. There are psychological and social factors that play huge roles in a consumer picking certain products or services to purchase for their personal use. There are also many external factors that play a role such as political‚ legal‚ ecological‚ cultural‚ technological‚ and business ethics. Most of these
Premium Combined oral contraceptive pill Birth control Pregnancy
Hydrogen Fuel As An Alternative Energy Source To Replace Fossil Fuels Since the beginning of industry humans have been in search of fuel to power machines and generate energy. Fossil fuels‚ such as crude oil and coal‚ discovered beneath the Earth’s surface were found to be an excellent source of fuel. These fossil fuels are burnt in order to generate the energy required to complete various tasks. Many nations count on coal‚ oil and natural gas to supply most of their energy needs‚ but reliance
Premium Fossil fuel Peak oil Energy development
Macro environments relates to the larger forces that have an impact on society as a whole and not just on one or a few organizations. A single organization cannot usually have a significant impact on these forces and therefore can only adapt its marketing mix to account for the opportunities and threats that arise. One of the evidence about this is the article ’Optus hit with $5 million fine’ which was published in The Age of the July 8‚ 2011‚ it identify and explain the impacts and affects this
Free Mass media Advertising