Office supplies

In the economic lense, why do people do one thing over another, the answer is simple it is because the benefit of one action outweighs the opportunity cost lost from not doing the other. Therefore, people supply in the illegal market because the millions of dollars to be made outweighs the potential cost of getting caught. Illicit highlights one such example with an American man who sold fake pharmaceuticals, specifically Viagra, and made millions. This man…

If one of the machines should malfunction, machine one would be the appropriate choice for a back up. The chances of machine one breaking down is far less possible than the other two machines. Reliability is the probability that a machine will function properly for a specified time (Heizer, J. and Render, B. 2010). I recommend the following things to keep the machines up and running with the best possible efficiency: regular/preventative maintenance and well-trained personnel.…

{f Introduction} The subject of economics holds many theories and laws. One such theory is that of supply and demand. Supply and demand has shown to be a fundamental of economics, explaining a large portion of business and corporation affairs; it is the main support of the market economy. The theory of supply and demand describes the relationship between the supply of a product and the demand for that product. In other words, the law shows the effect that the desire for a product has on its…

Water supply on earth is finite. The United Nation’s world water development report, Water for a Sustainable World (2015), illustrated the 55% increase of global water demand by 2050. Without effective countermeasures, the word will encounter a 40 percent shortage of water within two decades. In Canada, water waste is the potential trigger of water shortage. Despite the great abundance of reserved water, Canada has a fixed average precipitation around 537 millimeter per year, less than 1/3…

The Melting Pot “The Melting Pot” – the United States nickname, yet we are constantly shunning and shaming those that enter the country as immigrants. Native-born individuals scrutinize the immigrants for stealing the jobs, lowering the wages, and every other negative outcome of the economy. Americans generalize the face of immigrants as either Mexican or Asian; however, the United States receives immigrants from several other places as well. As a matter of fact, immigrants account for a…

Kishan Patel Section: 008 Pattern: Falling velocity and the dispersal ability of a glider seed varies with its surface area. • Hypothesis 1: Increase in surface area of the seeds decreases their falling velocity, due to greater air resistance o Prediction: Seeds with the higher surface area will have a decreased falling velocity. o Reasoning: The greater the surface area of a seed, the more air resistance it experiences and thereby slowing its fall.  Analytical Approach: scatterplot,…

Brady jenniges Mesopotamia's History hour 5 Mesopotamia's Climate/ Temperature The Mesopotamia’s Climate was usually hot and dry, the temperature then was usually seventy to eighty five degrees fahrenheit. That would mean that it would be a little bit dusty and they could get dehydrated if they didn’t get enough water and if they got be hydrated back then it would be bad because it takes six days to get back…

Milton Friedman argues that the correlation between general price level and money supply is captured using the economic equation of exchange. MV=PY where Money supply/Quantity of money. On the other hand, V=Velocity of money circulation, while P and Y represent General Price and Real national income respectively. The according to Milton Friedman, the equation means that the total value of the quantity of money multiplied by velocity equals the money value acquired at the output. Regarding the…

Price Gouging Concept A concern for many consumers who have been involved in a natural disaster is how to get supplies at a reasonable price before they are gone. When natural events occur it leaves people in need of the very basic commodities like gasoline, groceries, and utilities. Stores and suppliers do not have time to prepare for disasters like these and are limited to the supplies they have on hand. In these cases, further shipments will most likely be delayed. Some shop owners and…

\textbf{Trade-wighted measure of exchange rates volatility}: The trade-weighted exchange rates, commonly known as Nominal Effective Exchange Rates (NEER), is the geometric weighted average of a basket of bilateral exchange rates (Klau and Fung 2006). Real EER (REER) is the nominal EER adjusted with the respective relative price index. Here the weights are based on manufacturing trade flows including both bilateral trade and third-market competition by double-weighting. The BIS EER calculation is…