With this assumption, each oligopoly will face a kinked demand curve, as the one above. The diagram shows two demand curves coming to form one bent (or kinked) demand curve. This can be seen with the demand curve D as it changes the angle of the curve after the curve hits the price at P1. It illustrates that the implication of the constant MR curve…
The Object Management Group (OMG) The Object Management Group (OMG) is an international, open membership, non-profitable technology standards consortium, dedicated to the creation and maintenance of computer industry standards. Founded in 1989, some of the founding companies include IBM, Apple Computer, Hewlett-Packard and American Airlines. Christopher Stone and John Slitz were among the founding executive team. The management team since 2012 now includes Richard Soley-Chairman and CEO, Bill…
Write neatly and legibly. Copyright reserved Please turn over Life Sciences/P1 3 NSC DBE/Feb. – Mar. 2011 SECTION A QUESTION 1 1.1 Various options are provided as possible answers to the following questions. Choose the correct answer and write only the letter (A – D) next to the question number (1.1.1 – 1.1.6) in the ANSWER BOOK, for example 1.1.7 D. 1.1.1 The process in which male gametes are formed in humans is called … A B C D 1.1.2 When the first…
This diagram is used to present and show the kinship relationships that may or may not involve people who are biologically or genetically connected to one another. A egocentric diagram is rather used to represents who these people,in certain families, recognize as their own kin. The diagram is therefore a representation based on what person who completed the diagram understood from the information and it is then viewed from their own…
RESULT & OBSERVATION The hypothesis for statistical testing must be written as Null hypothesis (H0) and Alternate (Research) hypothesis (H1) form. H0 1= There is no significant relationship between body height, foot length and knee height in both the sexes. H1 1= There is relationship between body height, foot length and knee height and are significant in both the sexes. H0 2= Body height is equally…
In this diagram, SX is the supply curve and DX is the demand curve of commodity X in a large nation. When there is no trade, point E represents the point of equilibrium (the intersection between SX and DX). When there is no tax imposed on commodity X, PX is equal to £1.00; the nation consumes 200X, which is represented on the diagram by the distance AB. Out of that, 40X is domestically produced (distance AC) whilst 160X is imported (CB). In this essay, I will use this diagram to elaborate on how…
One of these diagrams was of how to fix shoes. Having no prior experience with fixing shoes it was helpful to see Vladek’s process to repair shoes. It demonstrated how to fix an open sole. He had to use double thread covered in wax then make a hole and push the thread…
b. Pricing and margin analysis Prices of a company’s goods and services must be competitive otherwise it risks losing customers and potential sales. At the same time selling prices must include appropriate cost recovery, without which losses may occur and the operations become uneconomic. In setting prices for the market, the company needs to consider its competitive position or that of its products and services, and also the complexities in operating the business activities. Poor price setting…
LAC is minimized when LATC=MC⇒ (9/q) + q = 2*q ⇒ q=3. Thus output per firm is 3 (see diagram, point X). Long run domestic supply curve could be found by setting price equal to marginal cost at minimum LAC: p=2*q= (2)*(3) = 6, this supply curve is a horizontal line at p =6. In the short run, the supply curve of each firm is Qs= (0.5)*q. For the industry, Q = 10*q = 10*(0.5)*p = 5*p, so that Qs = 5*p (see diagram 1). b. The equilibrium price and quantity of shirts in the short-run is Qs=QD ⇒5*p…
Line Diagram:-Generally the Line diagram look at two variables. Every variable is plotted along an axis. A line diagram has a vertical axis and a horizontal axis. Each sort of chart has qualities that make it helpful in specific circumstances. Line graphs are critical nowadays. A percentage of the qualities of line…