to make choices? 3. Can we measure the "cost" of our choices? 4. How does supply and demand inform the choices of consumers and business owners? Why is studying supply and demand useful? 5. What factors affect supply and demand? 6. How are prices determined? 7. What is "money"? 8. What gives money its value? 9. Why can’t we just print more currency to solve financial problems? Answers (1-9): 1. Economics is present in our every day life. It has 3 main ideas “What to produce?”‚ “How
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LAN/MAN/WAN Dexter N. Price (4121305) 08/12/2014 ISSC340 I004 Spr 14 Professor Jeffrey Miller American Military University LAN/MAN/WAN There are many different types of network topologies‚ but the three most common types are Local Area Networks (LAN)‚ Metropolitan Area Networks (MAN)‚ and Wide Area Networks (WAN). The LAN topology is probably the recognized and the most commonly used of the three topologies. The MAN and WAN topologies are used but not nearly as much as the LAN topology is‚ although
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Xiaoqing Ding Dr. Haendiges Engl-1010 6/23/13 Is Higher Education Worth the Price? A recent study shows that less than sixty percent of students can be graduate form four-year colleges. Interestingly‚ tuition of most of American colleges improves fast year by year. Beth Pinsker said in his article “The message that everyone should go to college does a disservice to the 60 percent of students who do not finish their degrees within six years‚ according to new research from Brookings Center
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Supply and Demand are the two most used words in economics (Colander‚ 2004 p.83). My basic understanding of these two terms is that: When there is a lower supply of something than meets the consumers wants‚ only those willing to pay a higher price will be able to satisfy their demand. Likewise‚ when there is a higher supply of something than is needed to satisfy the wants of consumers; theoretically‚ consumers will be able to buy their article at a lesser cost. With the holiday season upon us‚ and
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Are Colleges Worth the Price of Admission? When it comes to the topic of attending college‚ most of us will readily agree that obtaining a higher education is important. Where this agreement usually ends‚ however‚ is on the question of paying for it. Whereas some are convinced that tuition is too high‚ others maintain that it is important no matter the cost. Andrew Hacker and Claudia Dreifus address just such an issue in their essay “Are Colleges Worth the Price of Admission”. Hacker and Dreifus
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Objectives The main objectives for the Coca-Cola Company are to be globally known as a business that conducts business responsibility and ethically and to accelerate sustainable growth to operate in tomorrow’s world. By having these objectives‚ it forms the foundation for companies in the decision making process. Strategy One of our goals is to maximize growth and profitability to create value for our shareholders. Our efforts to achieve this goal are based on: (1) transforming our commercial
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Demonstration Problem 6-1 Special Order Davis Driveways‚ Inc. (DDI) pours concrete driveways for single family homes. DDI uses a cost-plus pricing approach. The company’s accountant prepared the following report showing how DDI established the price per driveway at $350. A new builder in town‚ Rachel Rodgers‚ has acquired a large tract of land upon which she intends to build 200 single family homes. Ms. Rodgers offers to purchase all 200 driveways from DDI. However‚ she is willing to pay
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Is Organic Food Worth Its Price? Organic farming began in the late 1940’s in the United States‚ and in recent years it has seen a dramatic increase in popularity (Rubin 1). The sales of organic food have been increasing by about 20 percent a year over the past decade (Marcus 1). That is over ten times the rate of their conventional counterparts (Harris 1). There are 10 million consumers of organic food in the United States‚ yet organic food represents only one percent of the nation’s food
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Question 1: What was Apple’s primary pricing objective when it introduced the iPhone? What was its primary objective in cutting the product’s price just two months after introduction? From the beginning‚ Apple took advantage of its product’s special features in the markets and set a pricing strategy as price skimming with two main purposes. Firstly‚ they want their product to be determined to have an outstanding position in their customers’ needs as well as being proved to be a breakthrough development
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designs (p.3) * New products introduced by MH could not use the Paul Logan brand name (p.3) * Heavy competition from cheaper imports (p.4) made it difficult to maintain mid- to upper price points * National Furniture Company (biggest PLFD competitor) stepping up advertising and initiating price reductions in response to MH/PLFD merger and aggressively pursuing a strategy to exploit the uncertainties associated with the pairing (p.5) * PLFD core customers more fashion-conscious than
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