maximizing businessman would always raise prices when facing an inelastic demand curve but might or might not raise price when facing an elastic demand curve? Explain and justify your answers in detail. Elasticity and profit maximization behavior When facing an inelastic demand curve‚ a profit maximizing businessman would always raise price because increase in price will bring about increase in total revenue. On the other hand‚ when facing an elastic demand curve‚ he might or might not raise price because
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During the Middle Ages‚ you live through different experience based on your social status just like in our society today. Whether it’s a hundred years ago‚ or even a thousand the social system is relatively similar. For example‚ you can compare the high class in our society with the nobles and lords‚ and the lower class would be the peasants and the serfs. There are many similarities between our social class‚ so it is understandable there are other similarities between us; like our experiences in
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Prentice Hall.Hillier and Lieberman‚ Introduction to Operations Research‚ Third Edition‚ Holden Day Inc. 4. Saleemi N. A.‚ Quantitative techniques Simplified‚ NA Saleemi Publishers‚ Nairobi‚ 1997 5 ii) Determine the total output given those final demand increases 4800‚ 1600 and 600 respectively. (4mks) QUESTION TWO
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SOCIAL DEVELOPMENT IN MIDDLE ADULTHOOD The main activities is: • LOVE AND WORK -The healthy adult one who can love and work and the is part of there aspect • MID LIFE TRANSITION/CRISIS - "Mid-life transition" is something that happens to many of us at some point during life (usually at about 40‚ give or take 20 years). It is a natural process and it is a normal part of maturing. - The mid-life transition or crisis can also be approached using a Myers-Briggs personality model stemming from
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over the lifespan. In addition it involves gains and losses and neutral changes that is categorised into three different domains; physical‚ cognitive and psychosocial functioning.( Sigelman‚ Rider & De George-Walker‚ 2012: pg 31) Throughout my childhood the experience of my father beating my mother has dramatically affected my own developmental changes. In particular it has affected my psychosocial domain in relation to how these specific incidents in certain ageing periods impacted and affected
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around since the late 1900’s‚ but is gradually increasing. It is mostly affecting young children and young adults. Many families think their child is healthy if the child eats more than they should be eating. Especially‚ if the parents come from a different generation‚ they believe that seeing their child with full thick skin that they are healthy. So what types of problems are happening with early childhood obesity? Obesity can be caused easily without people realizing it‚ and it may harm them
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Have you ever heard of the movement‚ “Middle Children Matter”? If not‚ you are probably not a middle child. Middle children have been left out of the family equation for centuries. The older siblings get all the attention and the younger siblings are babied to the point of being rebellious. The middle siblings are left to their own devices due to little or no attention from their parents. The challenges I have encountered as a middle child have shaped me into the individual I am today.
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As a teenager‚ this is the beginning of your life. What you do today determines your whole future. There is no mom or dad to decide on your choices anymore. You have to make up your own mind on which school to go to and what kind of future you choose. You are literally on your own when it comes to making better choices. The adults in your life may be there to guide you but the critical life decisions are on your shoulders Should you decide to take too much alcohol‚ smoke‚ have unprotected sex‚ etc
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Discuss the concept of adolescence as a social construct and its validity for different cultures. Adolescence describes the transitional stage in a teenager’s life‚ from childhood to adulthood‚ where an individual evolves physically‚ psychologically‚ emotionally‚ cognitively and socially. It is a defined social category that is expressed through immaturity and unpredictability and allows an individual to learn and discover their sense of self and identity. The idea of adolescence came into perspective
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Common Childhood Concerns in Indian Children Some illnesses are more common in some countries due to differences in climatic conditions‚ environment‚ and other factors. These are some of the common childhood concerns of children in India. Gastroentitis Gastroentitis is an infection of the digestive system and it is one of the most common childhood illnesses. Symptoms of gastroentitis include diarrheoa‚ nausea and vomiting‚ tummy cramps‚ and fever. Your child may have some or all of the symptoms
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