Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P‚find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ‚the income of the consumer falls. Assuming computers to be normal good‚ what will be the equilibrium price & quantity for computers in this case? 002 1. Managerial economics helps in decision
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approximately seven million‚ the city has its fair share of problems associated with overpopulation; such as: pollution‚ traffic jams and shortage of real estate to name a few. If I were to change one thing about Pune‚ it would be the excess population of our city. Over the past decade‚ the population of Pune has nearly doubled. This rise in population has resulted in a dramatic increase in pollution. Almost every household in the city now owns a car. Without any regulations regarding car emissions‚ air pollution
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Causes and Prevention of Burnout in Human Service Staff Paper BSHS/462—Building Community in Organizations Jeffrey Codner November 1‚ 2010 Causes and Prevention of Burnout in Human Service Staff Paper Burnout is a condition that can affect people in different ways and in all career choices. Burnout is also a condition that is brought on by stressors that have built up in an individual’s professional and personal life. Burnout can cause employees to become disillusioned and develop a non-caring
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Economics Unit 2: How Markets Work Investigating Price Changes Portfolio Project Part 1: Chapter 6 Wall Street Journal Questions 1) Why are sports teams considering switching to a variable–pricing strategy for tickets? Sports teams are switching to a variable-pricing strategy for tickets so that they can get a higher profit on games with record attendance numbers. They feel the need to do so because the marginal costs‚ such as construction payment and players’ salaries‚ did not equal to the marginal
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What are some of the motivations for virus programmers? 1: Anger issues There are those who‚ for whatever reason‚ just do destructive things for the sake of their destructiveness. They may be malicious narcissists‚ psychopaths‚ or just so self-centered in their impression that the whole world is against them that they will blindly lash out at anyone and everyone when they get the chance. They might think they’re misunderstood and want to communicate with the world by harming it in some way 2:
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TRINITY COLLEGE L6 SCIENCE GEOGRAPHY CLIMATE CHANGE: NATURE OR NEGLIGENCE The climate of our world is changing‚ but why? There is a great debate going on in the scientific community on whether our current climate change crisis is a natural occurrence over millions of years – as what has happened on the planet of Mars – or this natural process is being accelerated by man’s negligence. But first we must establish what is climate change? Climate Change is a long-term shift in the statistics of weather
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Questions and Answers from Lesson I-4: Demand and Supply Practice Questions and Answers from Lesson I-4: Demand and Supply The following questions practice these skills: Describe when demand or supply increases (shifts right) or decreases (shifts left). Identify a competitive equilibrium of demand and supply. Describe the equilibrium shifts when demand or supply increases or decreases. Describe how prices or gross substitutes or gross complements shift demand. Describe how input costs or
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October 2006 Available online 3 February 2007 Abstract This paper investigates analytically the welfare effects of black-market activities that firms undertake to evade taxes. The desirability of a black market is linked to the attributes of the goods supplied by blackmarket firms. The analysis identifies cases where a black market reduces (increases) the distortionary impact of taxation on the allocation of resources across the goods that the government is attempting to tax‚ leading to a welfare
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Demand Varies by Market Segment Random fluctuations usually are caused by factors beyond management control. However analysis will sometimes reveal that a predictable demand cycle for one segment is concealed within a broader‚ seemingly random pattern. This fact illustrates the importance of breaking down demands on a “segment-by-segment” basis. For instance‚ a repair and maintenance shop that services industrial electrical equipment may already know a certain proportion of its work consists of
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and Demand Factors Understanding supply and demand is the underlying foundation of all economics. The term demand is used to indicate consumers’ willingness to buy while supply indicates willingness to sell. The relationship between demand and price is reflected by quantity demanded‚ meaning that at a certain price with everything else held constant‚ this is the amount people are willing to buy. The same applies for supply for quantity supplied‚ at a given price with all else constant this is the
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