Aggregate supply

are no barriers to entry and because there is perfect knowledge. The effect of this entry into the industry is to shift the industry supply curve to the right, which drives down price until the point where all super-normal profits are exhausted. If firms are making losses, they will leave the market as there are no exit barriers, and this will shift the industry supply to the left, which raises price and enables those left in the market to derive normal…

various similar products avails in market. Change plays a major role in changing the company’s response in market. Manufacturing companies call the change an integral strategy for their business’s life. The increasing complexity of economic situation, supply and demand, challenges Aquafina to study their status and competitive advantage. The question raises that how the company responds to the market. Applying change is one of the topical strategies for manufacturing companies.…

Cleaning products Introduction Many years ago, people had many simple and natural ways to clean rather than cleaning products, such as water and soil. Nowadays, people use different kinds of cleaning products to clean, which contain a huge amount of chemicals, and they use it more and more than before. Those people do not know how do these products are dangerous for them and for the environment. A few years ago, people started being aware of their problems. In order to protect ourselves and…

Atania and Rahad have always shared arid lands susceptible to prolonged droughts, their people depending on the Greater Inata Aquifer (“Aquifer”) for survival. Despite this, in 2006, Rahad launched the Savali Pipeline (“SP”) project that is neither (A) equitable and reasonable, nor (B) sustainable. Moreover, (C) it caused significant harm to Atania. A. RAHAD’S WATER EXTRACTION IS INEQUITABLE AND UNREASONABLE Rahad’s project breaches Rahad’s customary obligation to utilize the Aquifer…

Firms use the many price discrimination techniques one of them is called 2-part tariff which capture all or most of the consumer surplus, in a monopolistic market. Consumer surplus is the difference between the consumer willingness to pay for a good, compared to the total amount the consumer actually pay. Furthermore, firms have to adjust their 2-part tariff pricing according to the type of consumer demand present in the market. A 2-part tariff is a second-degree price discrimination technique…

Problem statements There are two sets of concepts that shall not be confused: social market verse monetary market; extrinsic incentives (motivations) and intrinsic incentives (motivations). Although they are also firstly studied by psychologists, they have significant differences. The major difference between the “social market” and the “monetary market” is simple: It depends on whether or not “money” is involved. (Heyman & Ariely, 2004) In terms of our experiment, I argue that knowledge can…

What is the difference between economy and ecology? By definition, the economy is the management of household affairs, especially expenses, thrifty and efficient use of resources; frugality in expenditures, and the structure of economic life in an area or a period (Miriam Webster). Ecology is a branch of science concerned with the interrelationship of organisms and their environment, the totality or pattern of relations between organisms and their environment (Miriam Webster). Although these two…

1. Drinking water Everyone knows that water is an essential component of the body. There are many people who don't like to drink water. Some people that drinking a lot of water to make us into the bathroom more often. Do you know? If you don't drink water, you will miss out on the benefits of drinking water. If you drink little water will cause dehydration. When dehydration it can cause many diseases. It makes to body weakness, fatigue, dry skin and make you lose it. You should drink water in…

To start with, a proper definition given for liner shipping would be: “the service of transporting goods of high-capacity, ocean-going ships that transit regular routes on fixed schedules” World Shipping Council (2017). Nowadays there are almost 400 liner services in operation, most of them providing weekly departures from different ports. Liner vessels in the form of containerships and RORO ships carry about 60 percent of the merchandise by value moved internationally by sea each year. There to…

In this year’s Super Bowl, Budweiser ran an advertisement that called “Stand By Me,” which details the process and shipment of water to places in the United States were natural disasters have taken place recently, namely Florida, Texas, Puerto Rico, and California. Throughout the 60 second spot, we see the process and the work of the factories employees particularly the manager of the plant, Kevin Fahrenkrog, put into transferring the normal beer distributor into a water distributor. This…