Macroeconomics LP4 Assignment A price ceiling is a sort of price control governments have imposed to control the price when the price is higher than it should be. Sellers try to sell more of their product because the price is high. But buyers do not want to buy at that price. Price ceilings commonly lead to shortages and are typically associated with long lines. When a new toy or video game comes out there is usually some kind of wait‚ whether in line or on a waiting list. When “tickle me
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Discuss whether taxation is the most effective solution to the market failures arising from negative externalities. Negative externalities are defined as‚ “[negative] third party effects arising from production and consumption of goods and services which no appropriate compensation is paid.” This means the marginal cost curve only takes into account the private costs and not the external/social costs‚ and so there is an overproduction of the good or service. This misallocation of resources means
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Conflicting Setting in “So What Are You Anyway?” For many years‚ African Americans have endured the oppression of white superiors‚ but have put up a great fight for emancipation. Over time‚ the segregation that once existed has diminished‚ but continues to live on in the minds of some. In Lawrence Hills‚ “So What Are You Anyway”‚ the setting is a key contributor to the conflict of the story in regards to equality now being instilled into society‚ an innocent Carole being targeted and demeaned for
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Legal Paper: “Cost‚ Price‚ and Risk Factors associated with Wind Energy” Cost Components Associated with Wind Energy Cost components of wind projects are determined by development‚ construction‚ and operation of the project. Most of the time there are two main factors involved with the cost of wind energy projects: the complexity of the site such as location and topography. Also the likely extreme loads of the operation. Other important components such as wind resource assessment and site
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Price-to-earnings ratio (P/E) is often used for assessing the company’s stock price. P/E is determined by first calculating the earnings per shares (EPS)‚ which is the post-tax profits divides by the number of shares (Figure 1). Trailing P/E is equal to current market share price divided by trailing earnings per share for the past 12 months‚ whereas forward P/E is equal to current share price divided by expected earnings per shares for the next 12 months or next full-year fiscal period (http://www
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level of inventory during a year. A fast turnover indicates ease in selling inventory; a low turnover indicates difficulty. A value of 6 means that the company’s average level of inventory has been sold six times during the year‚ and that’s usually better than a turnover of three times. But too high a value can mean that the business is not keeping enough inventory on hand‚ which can lead to lost sales if the company can t fill orders. Therefore‚ a business strives for the most profitable rate of turnover
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be“Be Careful What You Wish For” By: Nur Kamilia binti Shafiq Aroki And on that sad‚ gloomy day‚ I learned an important lesson that I’ll probably never forget my whole life. It all started on the 3rd of January 2012 which was two days before school was reopening again. 2012 was an important year for me as I was sitting for a major exam which meant studying more and procrastinating less‚ and if you knew me personally‚ you would know that I procrastinate way more than a human organism
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What Kind of Thinker are you? Robin Dees HUM/111 March 3‚ 2013 Instructor: Joel Cooper Strategies of Critical Thinking Associate Level Material Stages of Critical Thinking Stages of Critical Thinking Complete the matrix by identifying the six stages of critical thinking‚ describing how to move from each stage to the next‚ and listing obstacles you may face as you move to the next stage of critical thinking. Stages of critical thinking | How to move to the next stage | Obstacles
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Imagine that you are the Chief Executive of Hong Kong‚ what will you plan to do in order to reduce the health impact of earthquake? Among all natural disasters‚ earthquake has perhaps caused the highest death toll and financial loss. Being unpredictable and undetectable‚ alleviation as well as evacuation have become even more difficult. The Hanshin-Awaji earthquake in 1995 caused a property loss of over US$60 billion and a lost of more than US$100 billion in capital (Sawada‚ 2008‚ p.463)‚ whereas
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What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking‚ measuring‚ recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al‚ 2010). Costs are measured in terms of Direct Costs‚ Indirect Costs and
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