Summer-2013 - ECON 201 [section - A] Assignment # 2 Part (I) - Market Demand Question # 01: If the market demand curve is D ( p ) = 100 − 0.5 p ‚ what is the inverse demand curve? Question # 02: An addict ’s demand function for a drug may be very inelastic‚ but the market demand function might be quite elastic. How can this be? Question # 03: If D ( p ) = 12 − 2 p ‚ what price will maximize revenue? Question # 04: Suppose that the demand curve for a good is given by D( p) = 100 maximize revenue?
Premium Supply and demand Microeconomics
Essay 1: Are Cell Phones Dangerous? For the past several years‚ the technology industry has subdued America. More and more people are using cell phones that could play games or go on social media. This may sound fascinating‚ but could these features cause problems like addiction‚ or texting while driving? I feel that even though cell phones have been making people’s lives easier‚ these small hand-held devices are like guns‚ because both put people’s lives at risk when used at the wrong time. Have
Free Mobile phone Text messaging
Using a cell phone while driving is dangerous‚ and increases your chances of getting into an accident Cell phone use while driving is a part of a distraction and it could possibly lead to having a car accident. Banning the use of cell phones such as texting‚ and talking has already been banned in some areas. However‚ if you get caught texting in some areas you will get a ticket. Cell phones these days can be very dangerous‚ and even deadly as statics has stated. Driving a vehicle and texting
Premium Mobile phone Automobile
Assignment Eco 101 1. a) Briefly explain the factors that determine the price elasticities of demand and supply. b) The accompanying table presents the prices and associated demand quantities of ready-made garments of Bangladesh at different world incomes. Price of RMG Quantity demanded when Quantity demanded when world GDP is $ 65 trillion world GDP is $ 70 trillion $10 500‚000 800
Premium Supply and demand Microeconomics Economics
Unfortunately during this incident‚ the school ’s most easily accessible phone was on the complete other side of the school in the library. Perhaps some of these lives could have been saved if the students in this class had cell phones that they could ’ve used to contact the authorities more quickly. The issue we are addressing today is the usage of cellular devices in educational facilities. Both Cameron and myself believe that cell phone usage is of extreme convenience‚ and has academically beneficial
Premium Mobile phone
called nicotine that is in a cigarette along with other harmful substances. Cigarette is a great product to be selling for the firm. As the customers(smokers) are addicted to nicotine ‚ these firms can rely on them for continuous demand and they can easily increase supply. Therefore‚ the firms can easily monopoly the market and fix their own price. One of the reasons for a firm to enter the market of producing cigarettes would be the profit. These giant tobacco companies makes billion yearly profit
Premium Supply and demand Consumer theory Tobacco
to bring with them is their cell phone. We use technology for almost everything. All grades K-12 use technology even preschoolers. Since our society is becoming more advanced in technology‚ why not use it to its best advantage. “The cell phone has become the primary means by which 25% of those ages 12-17 access the internet.” (Enis‚ 2013). Cell phones should be allowed in school to give all students an educational advantage. Students come to school with their cell phones every day. This benefits teachers
Premium Mobile phone Teacher
substance in modern life‚ the cell phone. And experts say it is becoming more difficult for many people to curb their longing to hug it more tightly than most of their personal relationships. It may not come as a big surprise to everyone‚ but teenagers currently make up the majority of the world’s cell phone users. And while their continued growth may not be surprising‚ some of the statistics might shock you. While roughly 71% of North American teens own a cell phone‚ about 96% of 16-17 year old
Free Mobile phone Text messaging
Cell Phones In the article of “Why I’m Getting a Divorce in 2014” by Jarrid Wilson‚ Wilson talks about how we should take the cell phone and turn it back into its original purpose. At the end of the blog it asks if you will take the vow to divorce your phone‚ and other technologies. So that you can spend more time with your family and friends. The article does have some truth to it. In the fact that some of us may use or phones a bit to much‚ but on another note cell phones let us connect to
Free Mobile phone Text messaging
Are cell phone is dangerous There are billions of people all over the world use cell phones.They use them for many different purposes‚ some use them for calling‚or sending messages‚ others use may use them for logging into the net and chatting with friends.From my point of view‚ cell phones are very dangerous as they waste time and money‚ sometimes they lead to some sort of addiction‚ and they are dangerous to the hauman body. First of all‚ cell phones waste a lot of time and money.There are
Premium Mobile phone