Supply and Demand Simulation The University of Phoenix online simulation entitled "Applying Supply and Demand Concepts" starts with the description of a fictional small town‚ Atlantis‚ and the rental market for two bedroom rental apartments. Below we will discuss the key points of supply and demand covered in the simulation‚ and by David Colander in the Book Economics‚ along with real world examples and results for the simulation. In this simulation the reader is a property manager for GoodLife
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Strengths: Revenue Growth: In 2008‚ FedEx reported revenue of $38 billion; in 2012 the company reported revenue of $42.7 billion‚ representing a year over year annual growth rate of 2.96%‚ and while this may not seem like an explosive number‚ the caliber of growth is solid and expected to accelerate into the future‚ with 2015 revenues reaching nearly $49 billion. Established Distribution System: The company possesses a massive fleet of airplanes‚ trucks‚ locations‚ and employees‚ and is distinctly
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PRICE ELASTICITY OF DEMAND (PED) & REVENUE Price elasticity of demand (PED) is particularly important to businesses‚ because of its effect on their revenue (income). Consider the following examples: 1) Mrs Robinson wants to increase her business’s revenue‚ but can’t decide whether she should increase or lower her prices. She currently charges £1 per unit and sells 1‚000 units. She knows that the PED for her product is (-) 0.4. What will happen to sales‚ sales revenue and profit if she: a) raises the
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The Evolution of Jet Engines The jet engine is a complex propulsion device which draws in air by means of an intake‚ compresses it‚ heats it by means of an internal combustion engine‚ which when expelled it turns a turbine to produce thrust‚ resulting in a force sufficient enough to propell the aircraft in the opposite direction (Morgan 67). When the jet engine was thought of back in the 1920’s the world never thought it would become a reality‚ but by 1941 the first successful jet flight was flown
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Computer Studies The Computer Game Industry 1st games (~50 years ago) Pong from Atari (2 players) 10 years later Pacman AI for Ghosts 2000 Motion capture High level design 3D animation Large-scale terrain MMOG Emerging Technologies for Philippines 2020 R. Cabredo‚ DLSU‚ College of Computer Studies Some facts… • 50% of all Americans age 6 and older play computer and video games • The average age of a game player is 29 years • 92% of all games are purchased by adults • 43% of game
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experienced a very successful campaign and grew more profitable over the six quarters throughtout the Market Simulation. In terms of market share in comparison to the competition‚ we placed fourth holding 12 percent market share. We initially targeted the Mercedes market‚ and later developed products aimed at the Traveler and Workhorse clientele. In terms of profitability‚ we suffered a loss moving from Quarter 1 to Quarter 2‚ which is typical of most early-stage companies. However‚ each quarter thereafter
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Case Problem 3: Hart Venture Capital 1. Let S = fraction of the Security Systems project funded by HVC M = fraction of the Market Analysis project funded by HVC Max 1‚800‚000S + 1‚600‚000M s.t. 600‚000S + 500‚000M ≤ 800‚000 Year 1 600‚000S + 350‚000M ≤ 700‚000 Year 2 250‚000S + 400‚000M ≤ 500‚000 Year 3 S
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Revenue Recognition Policy (Note 2): A. Sale of goods Revenue Recognition According to the annual report ’s financial statement notes‚ CV Technologies (CVT) recognizes revenue when the title of goods is passed on to the customer‚ and when reasonable assurance exists regarding the measurement and collection of the consideration given. This means that once CVT ships its goods to their reliable customers‚ they will account for those goods as sold‚ and recognize the contract amount as revenue. This
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Shirley A. Hicks Criminal Justice Individual Project Unit 4 1. Due process of law Is a basic‚ constitutional guarantee that every one legal proceedings are going to be honest which nobody are going to be given notice of the proceedings and a chance to be detected before the govt. acts to require away one’s life. liberty‚ or property. Conjointly a constitutional guarantee that a law shall not be unreasonable‚ arbitrary‚ or capricious. The Fifth Amendment It implies
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awareness‚ maintaining a high level of customer satisfaction making it one of the leading low-cost airlines in Europe. One firm that has successfully followed the low-price strategy is easyJet‚ founded by Stelios Haji-Ioannou‚ a graduate of London Business School‚ in 1995 with £5 million borrowed from his father‚ a Greek shipping tycoon. Copying‚ similar operations in the USA‚ and Ryanair flying out of Ireland‚ easyJet was one of the first ‘low-cost’ airlines in the UK‚ flying from Luton to Scotland
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