Assignment #1 The Economic Way of Thinking (Marginal Analysis and Opportunity Cost) 1. You are planning a trip to Ottawa‚ which is 400 miles. Except for the cost‚ you are completely indifferent between driving and taking the bus. The bus ticket costs $180. You do not know how much it would cost to drive your car‚ so you call Hertz for an estimate. The person you speak with tells you that for your make of car‚ the costs of a typical 10‚000 mile driving year are as follows: Insurance $2000
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1. The owner to the small pizzeria should compare the marginal benefit expected from increasing the radius of delivery area by one mile with the marginal cost. Some other additional cost of resources that would be required is the extra gas that will be used during the extra mile added. In result‚ you can begin with a marginal choice to see how these choices affect the additional sales revenue. 2. 200 C Cars 100 B
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SCWAMP- Straight‚ Christian‚ White‚ Able-bodied‚ Male‚ Property-Owning. I remember once back when Miller Lite had these series of “Man Law” commercials‚ but at the time I did not notice that they where performing a SCWAMP analysis. “The Men of the Square Table”‚ consisted of Jerome Bettis (retired running back for the Pittsburg Steelers)‚ Eddie Griffin (comedian and actor)‚ Ty Murray (rodeo cowboy)‚ Triple H (wrestler)‚ Burt Reynolds (actor)‚ and others. All these men were straight‚ and were not
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the following short-run cost curve: TC = 800‚000 - 5‚000Q + 100Q^2 a) Compute the marginal cost curve for Ajax answer: Marginal Cost (MC) = dTC/dQ Since the derivative of a constant = 0‚ MC = -5‚000 + 200Q b) Given Ajax pricing strategy‚ what is the marginal revenue function for Ajax? Since Ajax is pricing as if it were a perfectly competitive firm‚ then‚ it’s price would equal its marginal revenue‚ thus: P = MR = $20‚000 c) Compute the profit maximizing level of output
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In 2002‚ crime fell by 14% since 1999 In 2002‚ crime fell by 39% since 1997 However‚ figures of this type need to be examined in detail. For example‚ these figures do not show whether the British Government has possibly over spent’ on crime. Looking at figures of this type do not show the relevance of economic techniques‚ i.e. marginal deterrence‚ which was first introduced by Stigler in 1970. This paper has taken a comprehensive‚ but limited view on the relevance of economics and crime
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PEST Analysis Example If you ’re a student of marketing and business studies then you must have come across the term ’PEST Analysis ’. Here are a couple of PEST Analysis examples to clarify the concept further. You cannot imagine the amount of hard work and research that is involved whenever a new product or commercial utility is launched. For that matter‚ any change in the business management and development strategy calls for minute scrutiny of the environment which would form the background
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CONJOINT ANALYSIS FOR Mobile Phones 1. DEFINITION: Satisfying customers’ wishes is a challenge for many companies in the today’s rapidly changing and keenly competitive environment. A thorough knowledge of customer needs is even considered to be the foundation on which a company is built. Conjoint analysis means constructing and conducting particular experiments among consumers in order to model their decision making process. As the name suggests‚ potential customers are asked to make judgments
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Application of Concept Analysis to Clinical Practice Concept analysis is the reviewing or analyzing of the concept that has already being introduced into nursing literature but need to be moved or developed for research. The goal is to bring these concepts into research or clinical practice which will bring to testing the theory and adding on to developing the instrument. Concept analysis has been used by many researchers which has even brought modern and rejuvenated nursing practice that
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Industry Analysis Example (Porter’s Five Forces and Complementors) Wal-Mart Here is a very brief example of an Industry Analysis for the Cases using Wal-Mart‚ specifically Wal-Mart’s competition in the consumer retail industry and not in the industries where it competes. Remember‚ that you are concerned with where Wal-Mart is positioned in the industry relative to the respective industry forces. Potential Competitors: Medium pressure Grocers could potentially enter into the retail side
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Step-by-step Rhetorical Analysis 1. Identify the three elements of the rhetorical triangle. a. Who is the speaker? (education‚ ethnicity‚ era‚ political persuasion‚ etc.) b. Who is the audience? c. What is the subject? 2. What is the author saying about the subject? What is his/her assertion? 3. What is the author’s attitude (tone) about the subject? a. What specific word choice (diction) clues the reader in? b. What figures of speech are used? Does the imagery/analogies/allusions conjure
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