Introduction The first two articles shows the demand and supply issues of cooking oil. Government has increased supply of cooking oil by 10% in order to meet demand during Ramadan. There would be enough quantity of cooking oil available during the fasting month to make sure cooking oil is sufficient to meet demand during festive season. The demand for the necessities usually increases due to the needs of entrepreneurs to make festive cookies and so on. Besides‚ another government strategy to overcome
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The affordable bundle that yields the greatest satisfaction to the consumer is: Answer | | the maximum bundle. | | | the equilibrium consumption bundle. | | | the allowable purchasing bundle. | | | the most popular bundle. | Given that income is $500 and PX = $20 and PY = $5‚ what is the market rate of substitution between goods X and Y? Answer | | 100. | | | 4. | | | -20. | | | 25. | The budget set defines the combinations of good X and Y that Answer
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THE CHASOWA COMMISSION OF REPORT This report contains graphic images ii TABLE OF CONTENTS TABLE OF CONTENTS....................................................................................................................... iii ACKNOWLEDGEMENTS .................................................................................................................. vii LIST OF ABBREVIATIONS ................................................................................................
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Utility means want satisfying power of a commodity. It refers to power or capacity of a commodity to satisfy human wants. In order to know whether a commodity possesses utility or not‚ we have to ask two questions: a) Does commodity satisfy the want of people? b) Are people ready to pay for it? If answers to these questions are affirmative then we can say that a commodity possesses utility‚ otherwise not. It is a measure of personal satisfaction or level of meeting a need that a good or
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Expectations of the US economy The last three quarters of the economy have been very strong and the fourth quarter week (Payne‚ 2014). While the fourth quarter’s poor performance is disappointing from an economic stand it is normal for there to be a weak fourth quarter after three strong quarters (Payne‚ 2014). All signs show that 2015 should be a year of growth for the US economy. Unemployment is expected to decline while GDP‚ Business spending and home sales are all expected to increase steadily
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Robert W. Strayer Ways of the World: A Brief Global History with Sources Second Edition Chapter 17 Revolutions of Industrialization‚ 1750–1914 Copyright © 2013 by Bedford/St. Martin’s I. Explaining the Industrial Revolution A. Why Europe? 1. Technology‚ science‚ and economics elsewhere: When looking at the preindustrial world‚ many would not see an inherent advantage for Europe. China arguably had the world’s most impressive technology‚ and India and the Islamic world had many noteworthy accomplishments
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Case Study 2: Analysis of ECO-Trans Project Jose Rodriguez Sothern New Hampshire University Professor Steven Coleman Project Definition Astrid Varga‚ the project manager of ECO-Trans‚ a European-based company renowned for its efforts to cut down fuel cost and to reduce C02 emissions. The firm deals with the provision of “driver aide” systems that are used in land transport equipment such as trains‚ buses‚ and transport vehicles. The EC0-Stream company carries out the analysis of
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haven for golf enthusiasts. Another is the Museo de La Salle‚ located inside the De La Salle University - Dasmariñas Campus‚ which is considered as one of the best tourist destinations not only here in Cavite‚ but also in the country. The Fisher’s Eco Farm Resort located in Burol Main‚ Dasmariñas boasts of 500 square meters of swimming pool with waterfalls‚ fountain‚ jacuzzi‚ and continuous running water. There are also a number of restaurants in the area which serve different types of food cuisines
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Principles Of Economics Strayer University ECON 100 March 12th 2012 Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of thinking in your analysis It is a real case of negative externalities both in consumption and production. production of alcohol causes pollution too. The two possible solutions suggested by economists are: Coase theorem-They can negotiate by
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opportunity to shape the market but also to position Eco Preferred as a premium Product. The value of Eco Preferred comes from the fact that it is going to be a differentiating tool for companies purchasing it. Companies are used to purchasing electricity as a commodity & focusing only on price. Brand could help address this problem by giving a name and an identity to their clean power production assets. Question 2: How should Exelon implement its Eco-Preferred Power offering? Answer: Regarding
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