Part 1: Suppose that the tin mining market is perfectly competitive. The market demand curve is given by D(P) = 300 – P‚ where D is measured in units per year‚ and P is measured in $ per units. There are many potential entrants into this market‚ all of whom have identical cost curves. These cost curves are summarized in Table 1 below: Table 1 Cost Curve Formula Maginal cost (in $ per unit) MC = 30. Fixed cost per year FC = 100. (Annualized) Capital charge CC = 100. Capacity (in units per year)
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When the market demand for dry bulk capsizes is high‚ carriers can demand higher spot charter rates. When market demand is low‚ carriers accept lower spot charter rates. Due to 63 new vessels scheduled for commission and imports of iron ore and coal projected to be stagnant‚ spot rate were anticipated to fall over the next two years. 2. What factors derive average daily hire rates? The daily hire rate is determined by supply and demand. Thus‚ we looked at the supply of capsize vessels
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surpassed the PC user base in India and very soon the Indian market will have more mobile users than TV viewers. The growing intensity of competition has led to more services for the end user at lower prices. This has had an effect of stimulating demand and thus increasing the category adoption rate. As more users have been added to the subscriber base‚ it has led to a further downward pressure on operator costs. This has led to further cost benefits to the end user‚ fuelling further
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elasticity of demand (PED) is the responsiveness of quantity demanded in relation to the price. Normally as price increases for an elastic good the quantity demanded will fall. This is affected by how many close substitutes there are for the good and if the good is a luxury good (jewelry) or a necessary good (food). If the price of a certain type of cheese increases‚ less will be demanded because there are many substitutes available such as other brands of cheese. The inelasticity of demand is applicable
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Aggregate Demand and Supply Model Economic Advisement With a nominal GDP estimated at more than 15 trillion it is clearly the United States economy is one of the largest in the world. A person must have lived in a cave underground for the past several years to not know that the current state of the nation’s economy is in desperate need of improvement. Many academic institutions have thought about how the economy arrived at its current state and how can it be restored. Some would advocate not using
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Subway Profile Subway “Eat Fresh‚ Live Green”. That mission statement right away tells everyone what Subway is all about. Most people would probably consider Subway to be a fast food sandwich shop but as signs in the shop say “The only fast thing about us is our queue”. Subway wants to delight every customer so that they tell their friends. The first Subway was opened by Fred DeLuca‚ who had set out to fulfil a dream of becoming a medical doctor and decided thanks to a friend to open a submarine
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The name was shortened from Pete’s Super Submarines to SUBWAY® and the familiar bright yellow logo was introduced. The next step was to formulate a business plan that outlined the SUBWAY® brand’s goals. In an effort to reach those goals‚ SUBWAY® outlets began franchising‚ giving others the opportunity to succeed in their own business venture. The first SUBWAY® franchise opened in Connecticut in 1974. UK and Ireland History * The first SUBWAY® store is opened in the Republic of Ireland in 1994
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Problem Lack of nurse‚ this problem may cause patients to fall in illness more worst or even to death. For example ‚an old men could died due to cardiac arrest (heartache‚ muscle stops pumping in the heart area) suddenly‚ because no one give attention to this patient when needed while other nurses busy with other department. This problem occur when nurses have some professional problems which they may face and also busy handling other patients in other departments ‚ the nurses may not be
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be hard to grasp since we depend up gas for all our every day use one way or another. (Wrigley‚ S‚ Hess A E.M s‚ and‚ Sauter M B‚ (2013) Gas Prices Expecting another Surge Soon With the rising price for crude oil and the fall in the U.S. supplies is causing the wholesale prices on gas to rise up sharply and there has not yet been any fully reflect on the retail level yet. The prices at our gas pumps has increase by 7 cents compared to the last week of the national average‚ which was $3.55
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The Subway Franchise The Subway story started in 1965 in Bridgeport‚ Connecticut during the summer of 1965. 17 year old Fred DeLuca was trying to earn enough money to pay for his college tuition by working in a hardware store. He wanted a way to add money to his minimum wage salary. He got the solution at a backyard barbecue in a conversation with a family friend‚ nuclear physicist Dr. Peter Buck. With a $1000 loan from Buck‚ DeLuca opened Pete’s Super Submarine on August 28‚ 1965
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