ME Assignments‚ TERM-1 ➢ LAST DATE OF SUBMISSION- 20.09.12 Roll no. Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P‚find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ‚the income of the consumer falls. Assuming computers to be normal good‚ what will be the equilibrium price & quantity
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be investigating the sports drinks market in the UK‚ focusing on the overall market and launching a new product. The UK sports drinks market is estimated at £1.2 billion in 2012 with a growth in sales of more than 60% by 2012 (Mintel‚ 2012) showing what a rapidly growing market this is. I will examine how a leading drinks manufacture can expand into this market and launch a new sports drink using Usain Bolt in promotion. THE MARKET The market share for sports drinks grew by 10.7% last year with
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exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods must rise due to excess demand D. choices must be made and tradeoffs will occur 3. The ’no-free-lunch’ principle is another name for the A. cost-benefit principle B. the scarcity principle C. the ceteris paribus principle D. the marginal (not average) principle
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Several years ago energy drinks barley existed. Not all people were familiar of it. People who consumed it did not understand the bad health effects behind it. This is because they were not as popular as it is today. Nowadays‚ energy beverages markets grew rapidly in recent years. There are many different brands of this drink in the world today. These beverages have caused many health problems to those who consume them. One group affected by the high consumption of energy drinks are children. The increase
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(3) there is 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
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Hot Drinks - Vietnam Euromonitor International : Country Market Insight March 2011 Hot Drinks Vietnam List of Contents and Tables Executive Summary .....................................................................................................................................................1 Healthy Growth Despite Global Economic Crisis ........................................................................................................1 Hectic Lifestyles Drive Demand for
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Title ‘Soft skill’ set identification for an apparel industry worker. Objective To determine required soft skill set‚ for an apparel industry worker and evaluate its impact on the individual and organization. Background Soft skills are personal attributes that enhance an individual’s interactions‚ job performance and career prospects. Soft skills refer to abilities that make people better employees and open doors to opportunities‚ that aren’t directly related to the subject matter for their
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Summary of “Competition in Energy Drinks‚ Sport Drinks‚ and Vitamin-Enhanced Beverages” * Beverages were popular in the mid-2000s. However‚ nowadays consumers are reducing their consumption of carbonated soft drinks. * To handle this issue‚ beverage companies such as Coca-Cola and PepsiCo introduced alternative beverage such as energy drinks‚ sport drinks‚ and vitamin drinks‚ and also new relaxation drinks. * While trying to expand their market‚ beverage industry also got the
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Legalizing soft drugs such as Marianna can have its pluses and negatives. Both can be argued evenly with the same results. In this essay I will not choose sides‚ but I will explain the positives that Marijuana can offer as well as the negatives aspects of the drug. First I would like to explore some negative effects that marijuana can have on the human body. When marijuana is smoked‚ THC rapidly passes from the lungs into the bloodstream‚ which carries the chemical to the brain and other organs
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Elasticity of Demand| | | Contents Elasticity of demand 2 Elasticity coefficients 3 The differences between the three terms 4 More or less elastic 5 Examples 6 Perfectly inelastic and perfectly elastic demand 8 Graphs for Elasticity of Demand 9 References 13 Elasticity of demand Elasticity of demand is the measurement of change in the price of a product. It measures the percentage change in the quantity demanded caused by a percent price. There are three areas that need to
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