minimum efficient scale (MES)The minimum efficient scale (MES) is the output for a business in the long run where the internal economies of scale have been fully exploited. It corresponds to the lowest point on the long run average total cost curve and is also known as the output of long run productive efficiency. The MES is rarely a single output - more likely it is a range of output levels where average cost is minimized where the firm achieves constant returns to scale. The MES will vary from
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15 Nonrenewable Energy A Brief History of Human Energy Use Core Case Study Everything runs on energy. Some sources of energy‚ such as oil‚ coal‚ and natural gas—also called fossil fuels—as well as uranium used to fuel nuclear power plants‚ are nonrenewable because they take millions of years to form in the earth’s crust. Other energy resources such as the sun‚ wind‚ flowing water‚ wood‚ and heat from the earth’s interior are renewable because they can be replenished by nature within
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would anyone use solar energy as an alternative energy to solve the world’s pollution problem? As humans‚ everyday we burn many different types of fossil fuels to produce ourselves electricity and to power up our vehicles‚ and so we create a lot of pollution‚ making this our own fault. With our modern technology and the abundance of the sun’s energy‚ solar energy has the ability to provide the world with electricity and different types of fluid (“Solar Energy”). Solar energy is ?e energy source. It
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/1742-7371.htm An energy efficient pedestrian aware Smart Street Lighting system ¨ Reinhard Mullner and Andreas Riener Institute for Pervasive Computing‚ Johannes Kepler University Linz‚ Linz‚ Austria Abstract Purpose – Conventional street lighting systems in areas with a low frequency of passersby are online most of the night without purpose. The consequence is that a large amount of power is wasted
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Should the Use of Wind Energy Be Encouraged? Fossil fuels are having great impacts toward nature such as global warming and greenhouse effect. Plus‚ the depletion of it contributes to the rising price of petroleum. Therefore‚ wind power rise as it is a source of clean‚ non-polluting renewable energy (Nash‚ 2008). This type of energy generation provides us with loads of benefits environmentally and economically. On the environmental aspect‚ wind energy does not contribute to pollution as almost
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This is attributed to rising energy costs and government initiatives. Some of the key government initiatives include regulations such as Commercial Buildings Initiatives (CBI) by the U.S. government aims at making all commercial buildings completely energy independent by 2025. This implies that commercial buildings should have facilities to generate onsite power. To Get More Details : http://www.bigmarketresearch.com/smart-home-automated-building-market Energy efficiency has become the need
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consumers will gain when manufacturers provide more fuel-efficient cars? Today‚ we have many different kinds of cars to choose. They have different sizes‚ colors‚ prices and models. When we buy an automobile‚ we look for the best auto to satisfy our needs like going to the store. Manufacturers provide more cars to help us in our needs. When manufactures provide more fuel-efficient autos‚ consumers save money‚ gas‚ and time. A fuel-efficient car will help us saved money. I mean think about it the
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Efficient Energy Harvester for Microbial Fuel Cells using DC/DC Converters Abstract— Microbial fuel cell (MFC) is an emerging technology for sustainable energy production. An MFC employs indigenous microorganisms as biocatalysts and can theoretically convert any biodegradable substrate into electricity‚ making the technology a viable solution for sustainable waste treatment or autonomous power supply. However‚ the electric energy currently generated from MFCs is not directly usable due to the low
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EFFICIENT MARKET THEORY AND TESTS Introduction Market Efficiency A market is said to be efficient if prices in that market reflect all available information. Market efficiency refers to a condition in which current stock prices reflect all the publicly available information about a security. Efficient market emerges when new information is quickly incorporated into the share price so that the price becomes information. In other words the current market price reflects all available information
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SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT | EFFICIENT MARKET HYPOTHESIS | | MRIGANKA DAS‚ 13/09 | INTRODUCTION: The Efficient Market Hypothesis and Random Walks One of the early applications of computers in economics in the 1950s was to analyze economic time series. Business cycle theorists believed tracing the evolution of several economic variables over time would clarify and predict the progress of the economy through boom and bust periods. A natural candidate for analysis
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