The Laffer curve‚ named after the economist Arthur Laffer‚ is a curve that demonstrates the trade-off between tax-rates and tax-revenues (Wanniski 1978). It is used to illustrate the concept of taxable income elasticity‚ the idea that a government can maximise the revenue by setting the tax rates at an optimum point. This curve can be traced back as far as 1844 to a French economist Jules Dupit who in 1844 found similar effects as Laffer did (Laffer 2004). Dupit also saw tax revenues rising from
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applied to secondary and tertiary crushing of various ores and medium-hard materials in railway‚ highway‚ energy‚ cement‚ chemical industry construction etc. There are many factors affecting the production capacity of the impact crusher‚ generally speaking‚ there are five factors‚ in the following we will described these five factors and propose appropriate solutions. 1‚ the material hardness: the harder the material system of sand is more difficult‚ but the more serious wear and tear on the equipment
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FACTORS AFFECTING THE PRODUCTION OF RICE IN MALAYSIA We would like to point out the factors affecting the production of rice in our country. Climate and the nature of soil‚ insect-pest and weed management‚ land areas‚ infrastructure‚ technologies and mechanization‚ dependency on other rice producers‚ investment and collaboration with international organization are the major factors that affect the rice productivity in Malaysia. In temperate and tropical climate areas‚ rice is grown mostly under
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“demand curve”. (b) Assess what information may be helpful to the strategic marketer in order to determine demand. (c) Discuss the factors that may create a fluctuation in demand. The demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price. It is a graphic representation of a demand schedule. The demand curve for all consumers together follows from the demand curve of every
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1.0 INTRODUCTION Motivation is an important driver in an organisation and is crucial to the management of intellectual capital. Motivation underlies what employees choose to do (quality and/or quantity)‚ how much effort they will put into accomplishing the task‚ and how long they will work in order to accomplish it. Employees who are motivated will work more effectively and efficiently and shape an organisation’s behavior. A motivated workforce will have a strong effect on an organisation’s bottom
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Frederick Herzberg – Two-Factor Theory of Motivation: 1. Introduction: The two-factor theory (also known as Herzberg ’s motivation-hygiene theory and dual-factor theory) states that there are certain factors in the workplace that cause job satisfaction‚ while a separate set of factors cause dissatisfaction. It was developed by psychologist Frederick Herzberg‚ who theorized that job satisfaction and job dissatisfaction act independently of each other. According to Herzberg‚ intrinsic motivators
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The Bathtub Curve and Product Failure Behavior Part One - The Bathtub Curve‚ Infant Mortality and Burn-in by Dennis J. Wilkins Retired Hewlett-Packard Senior Reliability Specialist‚ currently a ReliaSoft Reliability Field Consultant This paper is adapted with permission from work done while at Hewlett-Packard. Reliability specialists often describe the lifetime of a population of products using a graphical representation called the bathtub curve. The bathtub curve consists of three periods: an
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developed a two-factor theory to provide some direction for managers in resolving motivational problems. He derived to this conclusion by a survey he ran back in 1959‚ in which he asked engineers to describe events that led to such feelings of satisfaction about their work and events that led to dissatisfaction. In this theory‚ Herzberg distinguished between two different types of factors‚ those who can give an individual the feeling of satisfaction which he called motivating factors and those that
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introduction to procurement UNDERSTANDING LEARNING CURVES ASSIGNMENT QUESTIONS 1. Given the above data‚ calculate the average labour per unit given the cumulative total labour hours provided. ______________________________ 2 2. Calculate the appropriate learning rate and the overall average improvement rate for this data set _____________________________________________ 3 3. Plot the data on an X-Y chart. Label the X axis “Units Produced” and the Y axis “Average Labour per Unit
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Herzberg’s Two Factor Theory Melanie Bannister Abstract: This paper discusses the Herzberg theories of motivation also known as the two factor theory‚ or motivator-hygiene theory. Intending to discuss how the theory was developed‚ how reliable it is in the work place today‚ and if it plays a role in the motivation of people in the workforce. Introduction Frederick Herzberg developed his theory after Maslow’s theory of a need hierarchy. It seems parallel to Maslow’s in that Herzberg’s states
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