SUBJECT: MICROECONOMICS (ECO 162) ASSIGNMENT 2 QUESTION 1 ACCORDING TO THEORY OF DISTRIBUTION‚ EXPLAIN HOW DOES WAGE IS DETERMINED? Certainly the market demand and supply of these factors. In other words‚ wages‚ rent‚ interest and profit are determined by the supply and demand of the respective factor or resource. This is explained by the concept of marginal product (MP) or marginal physical product (MPP). For example: labor and wages. In this case MP and MPP refer to additional real
Premium Supply and demand Wage
Economics essay: Is free trade ever fair trade Every one of us has probably seen reports or heard something about demonstrations against globalization when international organizations like the WTO meet. One example was the G8 meeting in July 2001. So we have to ask us the question why there are some people who protest against globalization and also against the free trade the WTO stands for. The main complain and concern of these groups is unfairness. They say free trade is unfair‚ the low wages
Free Globalization Multinational corporation Corporation
Chapter 6 Continuous Probability Distributions Case Problem: Specialty Toys 1. Information provided by the forecaster At x = 30‚000‚ [pic] [pic] Normal distribution [pic] [pic] 2. @ 15‚000 [pic] P(stockout) = 1 - .1635 = .8365 @ 18‚000 [pic] P(stockout) = 1 - .3483 = .6517 @ 24‚000 [pic] P(stockout) = 1 - .7823 = .2177 @ 28‚000 [pic]
Premium Normal distribution
number of enterprises pay much more attention on choosing distribution channels. Keegan and Schlegelmich (2001) explained that distribution channel can be considered as the method which is used for enterprises putting products into the market for consumers to use. The traditional distribution channel goes from supplier‚ manufacturer‚ distributor‚ wholesaler and retailer (Frazier‚ 1999). Indirect and direct are two different types of distribution channels (Wilkinson‚ 2001). According to Silva (2008)‚
Premium Marketing Mobile phone Apple Inc.
Distribution structure Orms distribution strategy is based upon the theory of a selective distribution channel. The type of products which they stock and sell is camera equipment and camera related services. They have two man distribution retail stores around Cape Town where they sell most of their items through. This makes there distribution strategy very selective due to their business focus around just selling camera related items at only a small number of stores. They stock most of the big
Premium Advertising Brand Social media
Simulation game (Beer Distribution Game) to understand the actions of simple and widely use of this system in the Supply Chain Management (SCM). The Beer Game was developed in the 1960s at the Massachusetts Institute of Technology’s (MIT) Sloan School of Management (Sterman‚1989; Senge‚1992)‚ it has been successful to attract the attention of SCM practitioners and academics. The layout of the Beer Distribution Game (BDG) is illustrated in figure 1 below. Figure 1 Beer Distribution Game Layout
Premium Supply chain management
Action Research Proposal Sandra Kreiser Abstract For my action research plan‚ I am interested in finding out what causes off task behaviors in my students while in the classroom. I’m also researching how best to respond to those behaviors when they occur. Through a 7 question survey I will also learn what causes them to be distracted in class in addition to when they feel they are the most focused. Finding out when they are The students will answer a 7 question survey on a computer which
Premium Attention-deficit hyperactivity disorder
Introduction. The core of this presentation is to discuss the theory of distribution strategy with the underlying real life examples of McDonald ’s fast-food restaurants. The aim is to discuss McDonald ’s distribution channel and the way in which this fast-food restaurant chain gets its products to the market. In the theory of the Marketing Mix‚ place (distribution) determines where the product will be sold and how it will get there. In fact‚ as noted on www.mcdonalds.com‚ McDonald ’s is the leading
Premium Marketing Fast food restaurant Burger King
Many elephants are dying because of the ivory trade. The ivory trade is a trade for elephant tusk. The ivory trade takes place in Africa. Most of the ivory is hunted for illegally and is mostly by poachers. Poachers are people who hunt illegally‚ and don’t have a license from the government. However‚ most poachers aren’t using the ivory the Chinese are. Three fourths of all ivory hunted is bought by the Chinese. Ivory is used to make many objects like rings‚ jewelry‚ chopsticks and other objects
Premium Hunting Endangered species Elephant
Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
Premium Structure Public sector Organization