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
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The unequal distribution of wealth has always been a huge problem that has plagued society throughout the ages. As forms of governments of each nation have changed‚ the unequal distribution of wealth has remained a constant. Even in Communist countries‚ which were supposed to eliminate this problem by abolishing the private ownership of land‚ the unequal distribution of wealth was still a problem in their society. It is difficult for society as a whole to make advancements‚ because of the unequal
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this market and these companies are competing fiercely in China’s mobile phone industry. It is known that‚ in 1999‚ when the domestic mobile phone brands entered the mobile phone market‚ few people had expected that the domestic mobile phone brands would survive in this market. However‚ with the passage of time‚ the local brands made great development and their total market share surpassed that of the international mobile phone giants including Nokia and Motorola. In 2001‚ the market share of domestic
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Positive Impacts of Satellite Channel Satellite channels are most important mode of entertainment for all class and age of people in all the world. Day by day its demand is increasing rapidly in Bangladesh. This satellite programs have lots of impact in our day to day life but having instead of good effect bad comes first like they are causing very worse influence over the people of Bangladesh and are also affecting cultural life and decreasing our values. Our culture based on some social value
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Distribution Management Introduction to What do we mean by Logistics? • Logistics concerns itself with the movement of the physical flow which begins with the source of supply and ends at the point of consumption. • Logistics is also concerned with: • • • • • • • Plant and warehouse location Inventory levels Production scheduling Materials management Storage Customer order processing Inwards and outwards freight and • Distribution channels. History of warehouse • In early writings
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What evidence would Fred Bower need to determine the staffing and training needs of the organization? To determine the staffing needs of the Gainesville store‚ I recommend Fred Bower use statistical regression analysis and the Delphi Technique. Statistical regression analysis uses historical data to help make future decisions. In this case‚ the correlation of a higher employee count and financial success should be considered (Cardenas‚ 2017). Fred should do this by comparing the success of this
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bricks encompassing the water narrow the water allowing it to fit through the pipes. 2) Why does the engineer Vitruvius recommend a three part water distribution in a town? A three part water distribution system was recommended by Vitruvius in towns‚ due to several reasons. The primary reason behind this logic was that water distribution would much easier and effective. Pipes were used for each connecting tank‚ allowing water to flow between
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Communication Channel Scenarios MGT/521 - Management April 23‚ 2012 Communication Channel Scenarios The ability to communicate is one of the most important skills that anyone can learn. Communication helped win the Civil War and keeps the gears of the global economy turning. People use communication with their employers‚ peers‚ family‚ friends‚ and even pets. Poor communication skills can make a good opportunity turn bad and a bad situation worse. Communication is more than just the
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The distribution of the earth’s population across the globe is uneven. The earth contains many different environments with only few parts suitable for human habitation. Around 70% of the earth’s surface is covered in water‚ leaving only 30% as land; however within this portion exist many physical features that restrict human habitation. Only around 11% of the earth’s surface poses no serious threat to human settlement and 80% of the world’s 6.7 billion people live on 10% of the earth’s surface
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| Case 1: Allen Distribution Company | Would we extend the $1‚000 credit line to the Morse Photo Company? | | | 11/27/2010 | Introduction to Case problem and important points to be covered The core problem for Allen Distribution Company is how to distinguish from the marginal accounts the difference between good creditors and bad creditors. Especially we show how the difference between creditors can be utilized in practice by the credit representatives. For this we provide clear
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