each of thefour possible $1 price changes. What can you conclude about the relationship between the slope of a curve and its elasticity? Explain in a nontechnical way why demand iselastic in the northwest segment of the demand curve and inelastic in the southeast segment. Product Price Quality Demanded $5 1 Vb 4 2 3 3 2 4 1 5 Answer: 1/1.5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following
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POWER-GEN International 2011‚ Las Vegas‚ U.S.A. Failure analysis of rotating equipment using root cause analysis methods Graeme Keith‚ Lloyd’s Register ODS1 Philippe Loustau‚ Lloyd’s Register Energy Americas2 Magnus Melin‚ Lloyd’s Register3 Increasing demand on equipment up-time in power sector With the rapid development of technology and ever rising demand for energy consumption‚ more and bigger power plant projects are being designed‚ built and operated around the world. Increased portion
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Describe the Webvan business model and then analyze it using the value chain and competitive forces models. What were the assumptions that drove this business model? Ans: Webvan’s Business Model used the following Points: 1. Revenue in relation to capital investment and margins. 2. Margins in the US grocery business. 3. Obtaining customers at affordable cost. 4. Gross margins compared with cost structure Analysis: 1. According to Webvan huge upfront investment was to be considered Adequate of all other
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Economists have identified four main causes of market failure: The abuse of market power‚ which can occur whenever a single buyer or seller can exert significant influence over prices or output. Externalities- when the market does not take into account the impact of an economic activity on outsiders. For example‚ the market may ignore the costs imposed on outsiders by a firm polluting the environment. Public goods such as national defence. How much defence would be provided if it were
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Anthony Kerkula JrJoseph Myers HIS 120 October 2‚ 2014 Failure of Reconstruction Reconstruction was the period from 1865-1877 where the government of the United States tried to put the country together again after the Civil War. President Abraham Lincoln lived briefly during this period (assassinated) and set the template for reconstruction. The Vice President Andrew Johnson who is described as lacking Lincoln’s moral sense and political judgment‚ became President and followed the template while
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September 2011 Communication Level 2 There are 4 main types of child abuse which are Physical abuse‚ Sexual abuse‚ Emotional abuse and Neglect. It is important for adults to know what signs to look out for in order to recognise that something may be wrong. Below are some of the possible signs and symptoms to look out for. Physical Abuse * Wearing clothes that cover most of the body‚ even in hot weather * Self harming * Running away * Fear of physical contact * Aggressive
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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Jurkowska Question 1 Economic inefficiency in the market arises when manufacturers do not supply the required type or quantity of a goods and services on the market which are demanded by consumers and that will lead to Market Failure. We can identify 3 causes of market failure: 1. Restricted Competition – The UK Government investigates and if necessary stops monopolies and mergers‚ cartels and restrictive trade practice‚ because good competition between companies (producers) leads to increased
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Question 5 Was this truly a disaster? What lessons can be learned from this case and similar disasters‚ particularly regarding the importance of such “human factors” as courage‚ truthfulness‚ and open communication? The Vasa was built as a symbol of Sweden’s naval supremacy. Unequalled in size‚ ornamentation and firepower‚ the Vasa was intended to project might and to intimidate the nation’s enemies. Of course‚ the reality of Sweden’s many conquests in the Baltic region was not lost on its
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2.1 Definition of Terms. 2.1.1. Symptoms and Consequences of Stress: The physiological changes that take place within the body in response to stress are responsible for most stress symptoms. The battle against the stressor is referred to as the fight-or-flight response. Recent studies suggest that females tend-and befriend in response to a stressor. They protect and nurture (tend) and turn to social networks for support (befriend). Also‚ the brain senses stress as damage to well-being and therefore
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