Subscribe:
RSS feed
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
The big giveaway International flights that don’t cost a thing? Books or music you don’t have to pay for? Even companies handing out cars? Traditional business is based on the certainty that everything has a price. But now US writer Chris Anderson believes we are at the dawn of a new consumerist era, governed by […]
December 12, 2012
a) Explain the relationship in the short run between the marginal costs of a firm and its average total costs. The marginal cost and average total cost possess a relationship, as ATC/Q=MC. MC and AC are required to derive each other. Therefore when one type of cost shifts, the other, in relation shifts in the […]
December 11, 2012
Using a diagram explain the concept of community surplus Community surplus is composed of producer surplus and consumer surplus. Consumer surplus is the benefit that the consumers receive when they pay a price that is lower than what they were willing to pay. Producer surplus, on the other hand is the benefit producers receive when […]
December 10, 2012
Explain the concepts of maximum and minimum price controls Maximum Price or price ceilings is the maximum price the government allows for a product/service. Minimum price or price floor on the other hand, is the minimum price the government allows for a product service. Evaluate the idea that government intervention in the form of price […]
December 9, 2012
1. Explain which non-price determinant of demand is affecting the market. First, Consumer tastes and Preferences, a non-price determinant of demand is affecting the Japanese market. Currently, there is a growing population of elderly people in Japan. Seniors generally have different tastes and preferences in contrast to younger people. Thus there is an overall shift […]
December 3, 2012
To measure the amount of carbon dioxide that is released. The air from the syringe enters from the right, pushing the fluid to the left. It will increase as there will be a smaller concentration of oxygen. (a) (b)Absorbs if there are higher levels of carbon dioxide emitted.
Alisa's Blog 
December 13, 2012
0