because a. water is necessary for humans ’ physical survival b. pollution will eventually destroy all life in the Great Lakes c. water is limited relative to people ’s unlimited wants d. water commands a very high price 3. The difference between a good and a service is a. that goods help satisfy unlimited wants; services do not b. that services are available in unlimited quantities; goods are not c. that goods are available in unlimited quantities; services are not d. none of the above
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Osmosis Case study You are a veterinarian working in Indooroopilly and return from lunch to find a nurse treating a six year old kelpie‚ Baxter. Baxter is very lethargic‚ has an increased heart rate‚ and when you pinch his skin the fold remains visible. The owner tells you that they knew something was wrong when‚ upon returning to the outdoor car park from a three hour shopping trip‚ they saw Baxter passed out on the back seat. The temperature in the car would have been very high and Baxter
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Demand and supply is an economic system and fundamental concepts for economics who as determined the price of market. It was conclusion‚ the unit price level of a good essentially was determined by the point who demands and supply was intercept in a same level and same point. The price system only working in a market economy if they’re having a free choice with the market. Demand is represent how many about the quantity of a goods is what the customers wanted. Its refer to about the ability
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324353(25) Basic Electronics 3 1 80 20 20 120 4 4 Electrical & Electronics Engg. 324354(25) Electric Circuits 3 1 80 20 20 120 4 5 Electrical Engg. 324355(24) Electrical Engg. Material 3 1 80 20 20 120 4 6 Electrical Engg. 324356(24) Electrical Power Generation 3 1 80 20 20 120 4 324361(24) Electrical Machines -I Lab 3 40 20 60 2 324362(24) Basic Electronics
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There are many situations in which people feel a need for affiliation. One situation that causes a greater need for affiliation is during a stressful situation. An example where there was an increase in the need for affiliation among individuals was right after the September 11 terrorist attack on the World Trade Center. This event led to Americans putting their differences aside and coming together. The increase in an individual’s need for affiliation allowed individuals responding to the same stressor
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be useful to managers in motivating employees of organizations. You may ask yourself what motivation is. Well‚ motivation is that drive you have within you to get something done‚ what drives you to work as much as you do‚ for example‚ a student will want an A in a test‚ he will be motivated to study hard and achieve that A. It is the process of stimulating people to actions to accomplish the goals. Motivation stems from psychological factors within the person‚ but can also be induced by factors in
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DEMAND ESTIMATION & FORECASTING | | | | MANAGERIAL ECONOMICS | AYESHA KHAN | ROLL NO. – 65PGDM – A25 / 9 / 12 | | DEMAND FORECASTING – Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods‚ such as educated guesses‚ and quantitative methods‚ such as the use of historical sales data or current data from test markets. Demand forecasting may
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forces of supply and demand allocate scarce resources. Subdivided into microeconomics‚ which examines the behavior of firms‚ consumers and the role of government; and macroeconomics‚ which looks at inflation‚ unemployment‚ industrial production‚ and the role of government. In this news paper article‚ it talks about the condition of the consumer with the inflation of the price of the food or goods. We as consumers‚ we are unique in many ways. We differ in our needs‚ wants and demands even in likes‚ dislikes
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practical problems like inflation. The need to understand economics to the economic problem arises because the supply of the resources is limited in relation to the demand or wants of individuals. Since the wants of society are unlimited in relation to the supply of resources‚ the problem of scarcity arises The more scarce the item the more money. Therefore if something is to be called scare in the economic sense‚ two conditions must be met * People must want the item * The amount of it must
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Basic Economic Questions The basis of all economic decisions is scarcity. The wants and needs of people are unlimited and the resources available to a society are limited. The basic questions that each society must make revolve around the allocation of scarce resources. * What goods and services to produce? * How to produce them? * For whom to product them? These essential questions must be answered in every economy to determine the fundamental goals of the society. How each society handles
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