1) What are the six sensitive periods? Describe each briefly. The six sensitive periods are: a) Sensitive to order b) Refinement of senses c) Sensitive to language d) Sensitive for walking e) Sensitive for small objects f) Sensitive to social aspects Sensitive to order: This sensitiveness to order appears to the child at their first year and it continues to the second year too. This is characterized by a desire for consistency and repetition. There exists a passionate love for
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Total‚ average‚ and marginal product Total Product Curve The total product (or total physical product) of a variable factor of production identifies what outputs are possible using various levels of the variable input. This can be displayed in either a chart that lists the output level corresponding to various levels of input‚ or a graph that summarizes the data into a “total product curve”. The diagram shows a typical total product curve. In this example‚ output increases as more inputs
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THE CLASSICAL ECONOMIST VIEW OF SUPPLY CREATES ITS OWN DEMAND IN THE NIGERIAN ECONOMY. The classical economists accepted Say’s Law of Markets‚ the doctrine of the French economist Jean Baptiste Say. Say’s law holds that the danger of general unemployment or “glut” in a competitive economy is negligible because supply tends to create its own matching demand up to the limit of human labour and the natural resources available for production. Each enlargement of output adds to
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Maurice Wilkins was born on December 15‚ 1916‚ in Pongaroa‚ New Zealand. He worked with the Manhattan Project before turning to biophysics. He produced the first image of DNA fibers. Also a conflict did occur between him and his colleague Rosalind Franklin‚ helped do the Watson and Crick double-helix model shared in 1953. Wilkins got the Nobel Prize for his work. He died on October 6‚ 2004. Early life Maurice Wilkins was born by two Irish parents. When he was born his father‚ Edgar Wilkins‚ was
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Suppose the demand for home heating oil in Connecticut is given by Q = 20 – 2Phho + 0.5Png – TEMP‚ where Q is the quantity of home heating oil demanded‚ Phho is the price of home heating oil per unit‚ Png is the price of natural gas per unit‚ and TEMP is the absolute difference between the average winter temperature over the past 10 years and the current average winter temperature. If the current price of home heating oil is $1.20‚ the current price of natural gas is $2.00‚ and the average winter temperature
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Steps to Forecast Total Market Demand F. William Barnett Harvard Business Review No. 88401 HBR JULY–AUGUST 1988 Four Steps to Forecast Total Market Demand F. William Barnett Recent history is filled with stories of companies and sometimes even entire industries that have made grave strategic errors because of inaccurate industrywide demand forecasts. For example: ▫ In 1974‚ U.S. electric utilities made plans to double generating capacity by the mid-1980s based on forecasts of a 7%
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Puan Rohana bt. Dalmen for her guidance and constant supervision as well as for providing necessary information regarding the project and also for her support in completing the project. I would like to express my gratitude towards my parents and family members for their kind co-operation and encouragement which helped me in the completion of this project. Lastly‚ I would also like to thank my fellow friends whom helped me a lot in finalizing this project within the limited time frame. We
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developed independent electricity demand forecasts on a consistent basis for the five National Electricity Market (NEM) regions‚ namely New South Wales (including the Australian Capital Territory)‚ Queensland‚ South Australia‚ Tasmania‚ and Victoria. National Electricity Forecasting represents a package of information papers and reports that document the input data‚ assumptions‚ and methodology used to develop a set of annual energy and maximum demand forecasts for the NEM‚ ensuring an open and transparent
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Wilkin Case Submitted By : •Atrayee Bhattacharya FT151035 •Dhulipala Bharadwaj FT151008 •Tanmoy Bose FT151019 •Souvik Dey FT153079 •Soumendu Mukhopadhyay FT151034 •Vivek Anand FT153113 •Anand M FT152020 •Manzoor FT152099 •Lokesh Chandana FT152087 Case – Problems & Issues Problems : •To identify a forecasting technique so as to forecast the demand for existing products as well as new products. Issues : •Best fit model ?? •Problems associated with each forecasting model ?? •Performance of the used
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the change in demand or supply. In this report‚ we will to further discuss the above issues via analyzing these two problems below: Q(1.1) "According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost." Please make a critical comment on this statement and explain your answers using examples. The validity of this statement is uncertain. Opportunity cost is defined as the value of the next-best alternative
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