1. award: 1.50 out of 2.50 points The demand curve for product X is given by QXd = 500 - 5PX. a. Find the inverse demand curve. PX = 100 - 0.2 QXd Instructions: Round your answer to the nearest penny (2 decimal places). b. How much consumer surplus do consumers receive when Px = $45? $91.00 c. How much consumer surplus do consumers receive when Px = $25? $95.00 d. In general‚ what happens to the level of consumer surplus as the price of a good falls? The level of consumer surplus
Premium Supply and demand
what points in the communication process can problems occur? Give examples of how noise can interfere with the communication process. What can managers do to reduce problems and noise? Problems can occur when the message is not delivered unclear. When the sending doesn’t follow up with the receiver to make sure the message was understood. Problems also occur when the environment is noisy; the message tends to not be heard correctly. Noise can interfere with communication when a person is giving
Premium Telephone Mobile phone Communication
The law of supply and demand describes how prices will vary based on the balance between the supply of a product and the demand for that product (Wikipedia‚ 2005). If there is a balance between the supply‚ (the availability of the product)‚ and the demand‚ (how much product the consumers want)‚ then the price for the product would be considered good. If there is an imbalance‚ the price will change. According to Adam Smith‚ the invisible hand is a self-adjusting force in the market that corrects
Premium Supply and demand Economics
Communication is a two way process of giving and receiving a message‚ such as exchanging ideas of information. This can be done by text messaging‚ emails‚ letters‚ face to face etc. (Rasheed et al‚ 2010‚ pg.2) Interpersonal communication is an effective way between two people to communicate. The interpersonal communication also involves mirroring and reflective listening and it also involves applying the communication cycle in ways that ensure that your message has been understood. Did you know
Premium Nonverbal communication Communication Sign language
MA 300 Bird’s Eye View of The Communication Process of My Work Place Providing close to excellent health care to the patients in our health institution almost always require the involvement of many different individuals. All of these individuals communicate thoroughly to achieve and come up with the proper management for each and every client. With this fact on hand‚ communication in the health care setting‚ specifically in Davao Doctors Hospital‚ is a very broad and complex
Premium Communication Health care Health care provider
Supply and Demand: The Market Mechanism All societies necessarily make economic choices. Society needs to make choices about‚ what should be produced‚ how should those goods and services be produced‚ and whom is allowed to consumes those goods and services. For conventional economics the market by way of the operation of supply and demand answer these questions. Under conditions of competition‚ where no one has the power to influence or set price‚ the market (everyone‚ producers and consumers together)
Premium Supply and demand
your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) Certain mobile telephone operators do not allow access to 00 800 numbers or these calls may be billed. More information on the European Union is available on the Internet (http://europa.eu). Cataloguing data can be found at the end of this publication. Luxembourg: Publications Office of the European Union‚ 2011 ISBN 978-92-79-18270-9 doi:10.2832/30955 © European Union‚ 2011 Reproduction is authorised provided
Premium European Union Transportation Public transport
“SUPPLY-CHAIN MANAGEMENT” 1. GLOBAL COMPANY PROFILE: VOLKSWAGEN ’S RADICAL EXPERIMENT IN SUPPLY-CHAIN MANAGEMENT Volkswagen ’s major suppliers are assigned space in the VW plant‚ but supply their own components‚ supplies‚ and workers. Workers from various suppliers build the truck as it moves down the assembly line. Volkswagen personnel inspect. Volkswagen plant‚ however‚ VW is buying not only the materials but also labor and the related services. Suppliers are integrated tightly into
Premium Supply chain management Supply chain Logistics
(2012) Res.J.Recent Sci. Review Paper An Overview of Green Supply Chain Management in India Nimawat Dheeraj1 and Namdev Vishal2‚ Department of Mechanical Engineering‚ Singhania University‚ Pacheri Bari‚ Jhunjhunu‚ Rajasthan‚ INDIA Government Engineering College Jhalawar‚ Rajasthan‚ INDIA Available online at: www.isca.in (Received 19th March 2012‚ revised 27th March 2012‚ accepted 30th March 2012) Abstract The green supply chain management (GSCM) is a powerful way to differentiate a
Premium Environment Management Environmentalism
Grade Nine Problems 1) Elizabeth visits her friend Andrew and then returns home by the same route. She always walks 2km/h when going uphill‚ 6km/h when going downhill and 3km/h when on level ground. If her total walking time is 6 hours‚ then what is the total distance she walks in km? Need A Hint? Answer 2) Joyce was decorating her store window for a going out of business sale. She wanted to make a figure that looks like the following. The shaded piece is made of a different material.
Premium Triangle Number