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
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A Project on “PRODUCT PORTFOLIO & DEMAND ANALYSIS” Submittedinthe partial fulfilment forthe requirementof Theawardof degree of Mastersof ManagementStudies (MMS –II) Of MumbaiUniversity Submittedby Ms. Pooja Singh RollNo: 19 MMS–II Year:2013-14 Underthe guidanceof Prof. D.C. Kute ChanguKana ThakurInstituteof ManagementStudiesandResearch Plot–1&4‚Sector–11‚ Khanda Colony‚ NewPanvel(w) –410206 DECLARATION
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Standard Deviation objective • Describe standard deviation and it’s importance in biostatistics. Measure of Dispersion • Indicates how widely the scores are dispersed around the central point (or mean.) -Standard deviation Standard Deviation. • The most commonly used method of dispersion in oral hygiene. • The larger the standard deviation‚ the wider the distribution curve. Standard Deviation • SD‚ ‚ (sigma) • Indicates how subjects differ from the average of the group/ the more they
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change happens in a business environment. You should include at least three reasons in your answer. Reasons for change in a business environment may include: Internal factors * A business wants to reduce waste and costs * A business launches a new product * A business introduces 24-hour customer support * A business introduces quality management techniques External factors 1. Political factors Examples include: * Government (policies‚ regulations‚ grants and the
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TUTORIAL 1: DEMAND THEORY 1a) The demand curve for haircuts at Terry Bernard’s Hair Design is P = 15 – 0.15Q where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of RM9. Terry is unwilling to raise price of the price hike will cause revenue to fall. Should Terry raise the price of haircuts above RM9? Why or why not? b) Terry is trying to decide on the number of people to employ based on the following
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—————————————————————————— Bureau International des Poids et Mesures The International System of Units (SI) 8th edition 2006 —————————————————— Organisation Intergouvernementale de la Convention du Mètre 94 Note on the use of the English text To make its work more widely accessible‚ the International Committee for Weights and Measures has decided to publish an English version of its reports. Readers should note that the official record is always that of the French text.
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Unit 15 Developing Children’s (3-8 years) Mathematical Skills E1 There are different national frameworks and policies that are used for the development of mathematical learning from 3 to 8 years old. One of these is the Childcare Act 2006. The Childcare Act is an update on the Children Act 2004. It basically makes sure that local authorities reduce any inequalities in their individual areas by providing an ‘integrated’ service for children and their families. They make it so that each local
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Unit 34: Operations Management in Business Introduction: In this assignment I will be providing apprentices and readers with an understanding of the role and importance of operations management in the efficient and effective production of goods and services. The business I will be relating to in this task is WH Smith. WHSmith plc (known colloquially as Smith’s) is a British retailer‚ best known for its chain of high street‚ railway station‚ airport‚ hospital and motorway service station shops selling books
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SCI 1400 – F2012 Assignment # 1 Name: SI Units‚ Train Track & Conversions Page 1 of 14 1. When discussing measurement systems‚ the abbreviation “SI” stands for _____________________________________ 2. The predecessor of the SI system of weights and measures is the ____________ system. 3. Name two other measurement systems still in use today. ______________________ _________________________ 4. The SI system officially came into being in the year ________________. 5. The metric
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requires a lot of effort and paperwork and is therefore costly. She estimates the cost of applying to each of the 10 companies and the probability of getting a job offer there. These data are tabulated below. The tabulation is in the decreasing order of cost. 1. If the graduate applies to all 10 companies‚ what is the probability that she will get at least one offer? 2. If she can apply to only one company‚ base on cost and success probability criteria alone‚ should she apply to company 5? Why or
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