priced at whopping $1000 approximately. The new phone has a plethora of technological changes when compared to its predecessor. It is for the first time a smartphone has been priced at more $1000. Even though it was thought that such a high price tag would reduce the demand for the new iPhone‚ that doesn’t look like the case. This is the first time Apple had made radical changes since the introduction of iPhone 10 years back. Analysis of article: The above article along with some other related articles
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What is Production Function? Definition and Explanation: ‚ Production of goods requires resources or inputs. These inputs are called factors of production named as land‚ labor‚ capital and organization. A rational producer is always interested that he should get the maximum output from the set of resources or inputs available to him. He would like to combine these inputs in a technical efficient manner so that he obtains maximum desired output of goods. The relationship between the inputs and
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BOYAN JOVANOVIC New YorkUniversity The Diversification of Production produce more than one product. In this sense their production is diversified‚ or horizontally integrated. This paper addresses two questions. First‚ why have firms become more diversified over the past century? And second‚ why are diversified firms more oriented toward research and development (R&D) than nondiversified firms? I tackle these two questions under the assumption that a firm diversifies to maximize its efficiency
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FERGUSON AND BEZIER CURVES Palash Luthra Sachin Maheshwari Netaji Subhas Institute of Technology New Delhi-110078 India 1. CURVES-DEFINITION 2. NEED OF CURVES March 2013 A line or outline that gradually deviates from being straight for some or all of its length. Curves play a very significant role in CAD modeling‚ especially‚ for generating a wireframe model‚ which is the simplest form for representing a model. We can display an object on a monitor screen in three different computer-model forms:
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“Possibility of Evil” written by Shirley Jackson‚ Ms. Strangeworth is a woman of great moral standing. Ms. Strangeworth believes the town is corrupted and Ms. Strangeworth wants to help cure it. The author helps the readers believe the story by describing Ms. Strangeworth in great detail. The author makes the audience realize she is a mean old lady that writes atrocious letters to her friends. In everyone’s life there is at least one mean old lady now it’s time to meet Ms. Strangeworth. Ms. Strangeworth
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is a disease that has no evident cure - crime. Before one can even try to find solutions for it‚ one must understand what a crime is and the nature of crime. Crime itself is defined as any offence harmful against society. The nature of crime however deals with the motives and causes of crime‚ which has no one clear cut explanation. There are several different theories on the cause of crime such as heredity‚ gender and mental defects‚ but each one is not substantial enough to explain crime and why
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taxes and subsidies C. people make choices in the presence of scarcity and the results of those choices. D. interest rates and exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods must rise due to excess demand D. choices must be made and tradeoffs will occur 3. The ’no-free-lunch’ principle is another name for
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CEC Report For EFM On Case Study-8 “TWO BIG SHIFTS IN AGGREGATE DEMAND:THE GREAT DEPRESSION AND WORLD WAR II” By Mayur Shimpi Aesha Shah Isma Shaikh Sandip Patel Sabiha Bhuta MBA (Sem-1) ZADESHWAR Bharuch INTRODUCTION: The following case which is been prepared by our group is based on the shifts in aggregate demand curve; due to the two most massive events been took place in the past. Those were : 1. The Great Depression 2. World war II The Great Depression was a global
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French fashion label founded in 1983 by Jean-Lou Tepper‚ Jacques Nataf and Philippe de Hesdin. In 2004 their Australian clothing line ran a campaign asking the question “What would the world be without women?” In one particular advertisement we see a average man dressed in women’s clothing and holding a baby‚ with the question “What would the word be without women?” However the Australian clothing may have had the best intentions at heart to empower women and to challenge culture. This ad is asking
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supply is fixed then at any given quantity of money (M1) there will be a corresponding demand that varies inversely to the price level‚ i.e. a downward sloping demand curve and there will be an equilibrium price level that ‘clears the market’‚ i.e. demand equals supply. If the quantity of money is increased (M2) the demand curve will shift to the right‚ i.e. at the same price level demand will increase but‚ again‚ supply is fixed. A new equilibrium will be established at the same level of output but
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