Business Economics Essay Example | Topics and Well Written Essays - 1250 words - 1

Business Economics - Essay Example Demand elasticity varies with necessities versus luxuries. Since necessities are important they tend to be inelastic, which means even though prices change by much the quantity demanded does not change by much because of the said reason (Mankiw). If water prices suddenly increased, we do not expect consumption of water to plummet sharply. On the other hand, luxuries tend to be elastic. If for example the price of yacht suddenly increased, the affluent can opt for other hobbies causing a much decline in the quantity of yacht demanded. The availability of close substitutes also affects the elasticity of demand. Specifically, commodities with available close substitutes such as butter are observed to have an elastic demand (Mankiw). It can easily be replaced by margarine; therefore demand for such product will decline by a great magnitude. On the other hand, since egg has no close substitute demand for such is inelastic. Lastly, time horizon also constitutes a factor in the price elasticity of demand. â€Å"Goods tend to have more elastic demand over long time horizons† (Mankiw). This is explained by the fact that longer time horizon gives consumers more flexibility to alter their consumption pattern such that goods whose price are increased or are relatively higher can be replaced. Wage is one of the costs in production. Depending on the type of industry, wage can be a huge part of the total cost. In the insurance industry for example, where the cost of sales people and managers are paid through wages, wage increase can represent a huge boost of the total cost. Since wage is considered a variable cost, an increase in wage constitutes an increase int he variable cost. With fixed amount of production or quantity, an increase in wage also increases the average variable cost. Also, since an additional payment in wage is an increase in the extra cost for every output produced, by definition marginal cost also

Immigration and Nationality Law Essay Example | Topics and Well Written Essays - 2000 words

Immigration and Nationality Law - Essay Example e is a possible occurrence that a person may be treated in a way, in their country of origin, that would be classed as a breach of the HRA in the UK; this breach would be imputed back to the UK through its act of deportation, therefore causing a breach in the HRA. These persons are not technically asylum seekers as they are making a claim under the Refugee Convention; therefore this adds additional, albeit limited protections, to persons in fear of abuse. So for the purposes of this discussion they will be defined as asylum seekers. Persons who are looking for a safe place to enjoy their life and freedoms and in some cases obtain their basic needs, i.e., food, water, education†¦ The HRA does not protect a right to basic necessities. This essay begins by focusing on founding human rights principles and the central question that will be discussed is; whether the legal framework of human rights, through the Human Rights Act 1998 (HRA) and the European Convention of Human Rights (EC HR), uphold the principles that these pieces of law were founded upon. This is a similar reaction in other European countries and the most prevalent are the Roma Gypsies and Eastern Europeans; the following discussion will consider this case study to show that immigration law can and has been used to assert racist policies by classing them as economic migrants rather than asylum seekers, which means their financial status will exclude them and the persecution does not meet the standard posed by the European Court of Human Rights (ECtHR). Natural rights are the basis for the international human rights of today, however the theory of modern human rights is slightly different as it is no longer purely concerns democratic government, but aims to ensure that gross human rights violations in the world as a whole will be held accountable and hopefully eliminated. Dworkin describes human rights as trumps1 that indicate a powerful set of principles individuals can rely on to protect them from

Missiongoalobjective Essay Example | Topics and Well Written Essays - 500 words

Missiongoalobjective - Essay Example Process/Administration: The daily working of the institution consists of a non-conventional setting, wherein patients are not only made to undergo treatment, but are also provided with opportunities to grow spiritually. The treatment provided is on par with global standards, as numerous big names of the world of medicine have a tie up with us, in providing low-cost services. Learning : Patients are firstly provided with the complete picture of the disease and their health condition. We believe in taking the patient into confidence and in helping them, by letting them help themselves as well. During this phase, we also provide them with opportunities to strengthen themselves and face with situations with positivism and optimism. Action / Behavioural: In order to bring about an optimistic outlook and increase confidence levels, patients are provided with yoga training, are made to attend interactive seminars and are also presented with opportunities that entertain them, while still educating them and imparting them the resilient spirit required. Program: Ultimately, the objective fo the institution is to increase the quality of life and accentuate what the Lord has bestowed upon

Discussions Essay Example | Topics and Well Written Essays - 250 words - 2

Discussions - Essay Example The health care law lobby’s for spending based on quality of health care received and not quantity. This has therefore led to improvement of the services being rendered in the health care centers and all these at a reduced cost. The new health care act is also making institution be more involved in health care issues and ensure that they device ways to improve the quality of health care and at the same time cut the costs. This has been evident in a hospital in Minnesota where the hospital has resorted to monitoring around 300 of its heart patients from home rather than having them in the hospital. This decision has reduced the hospitals spending associated with admissions and hence in the end saved the country several million dollars which is put into continual quality improvement of health. This therefore continues to be an indication that the new health care law; the Affordable Care Act is working as proposed which was to improve the quality of health care and reduce the

International Development Study Essay Example | Topics and Well Written Essays - 250 words

International Development Study - Essay Example Whereas some individuals may frown upon the fact that a college student does not declare a major, I believe that my lack of a major up until this point has enabled me to clearly engage with the course material that I have had the opportunity to learn as well as form an informed decision regarding what specific areas of interest capture both my overall interest and imagination. Accordingly, from the aforementioned reasons as well as a desire to analyze key situations that continue to define and divide our current world system, it is my wish to pursue a major within the IDS program. It should be further noted that during the course of my studies, I have maintained high marks and exceptional participation within each and every one of the courses that are tangentially related to the issues that would be covered within the international development studies program. Additionally, as my transcripts will show, I maintained a high level of scholastic achievement in all other associated coursework as well. As such, it is my request and hope that I will be considered for an opportunity to declare my major as an International Development

Chemistry Practice - Bonding energy kinetics Lab Report

Chemistry Practice - Bonding energy kinetics - Lab Report Example The bond is covalent in nature. There is a sharing of electrons between these two atoms, giving rise to a covalent bond. The electronegativity value of H is 2.1 while that of O is 3.5 (Brown, LeMay and Bursten, 1991). There will hence be a distortion of the electron cloud, thus causing the molecule to be polar. The bonding between oxygen and hydrogen is polar covalent in nature. Polar molecules are attracted to a charged rod. In these molecules, the centres of positive and negative charges do not cancel each other out, giving rise to permanent dipoles. When a positive rod is used, the negative end of the dipoles are attracted towards the rod while the positive end of the dipoles are attracted to a negative rod. 3. Using the 'electron pair repulsion theory', state and explain the shape of the following compounds and in each case sketcha diagram to show the arrangemant of the atoms in space, labelling the bond angles. In AlCl3, the three outer electrons of the aluminium atom are bonded to the outer electrons of three chlorine atoms. Since there are no lone pair of electrons, the structure will not be distorted. According to the electron pair replusion theory, the three bonded pairs repel each other as far apart as possible. AlCl3 will hence be trigonal planar in shape with a bond angle of 120 (Brown, LeMay and Bursten, 1991). (b) SiH4 In SiH4, the four outer electrons of the silicon atom are bonded to the outer electrons of four hydrogen atoms. There are no lone pair of electrons. According to the electron pair replusion theory, the four bonded pairs repel each other as far apart as possible. SiH4 will hence be tetrahedral in shape with a bond angle of 109.5. (c) PCl5 In PCl5, the five outer electrons of the phosphorus atom are bonded to the outer electrons of five chlorine atoms. There are no lone pair of electrons. According to the electron pair replusion theory, the five bonded pairs repel each other as far apart as possible. The shape of PCl5 will be trigonal bipyramid, with bond angles of 120 and 90. 12 marks 4. Enthalpy changes for the reactions of carbon and aluminium with oxygen are given in the following equations, where all substances are in their standard states. C(s) + O2(g) CO2(g) H = -394 kJ mol -1 4Al(s) + 3O2(g) 2Al2O3(g) H = -3352 kJ mol -1 (a) What is the value for the standard enthalpy of combustion of carbon The standard

Coursework 8 Example | Topics and Well Written Essays - 500 words

8 - Coursework Example For example, the inhabitants could have cooperated and authorized this as a rule to be followed by all. 6.1: A top down hierarchy came up, under a king’s supervision. Common-pool resources were managed according to tradition and rituals as a means of avoiding overexploitation. However, the traditions did not materialize. 6.2: Group cooperation among societies disintegrated into competition and mutual suspicion. For instance, the reciprocity and trust among tribes disintegrated just like the king’s autonomy to give orders and enforcing them (Diamond, 1995). B. 1. Due to overpopulation, there was deforestation, which in turn led to soil erosion and nutrient leaching, soil evaporation, wind damage, and final crop yield reduction. This meant that food was insufficient to sustain the population as a result of low harvest and competition for the same. There was also class conflict, where the king was accused of the incapability to avert environmental collapse. Power was then assumed by the warrior class. Jointly, destabilization and inadequate response to circumstances as well as the deterioration of resources combined to cause collapse. 2. Just like Islanders, the current human population struggles to balance between preventing the harmful effects of practices like deforestation, soil erosion, and energy conservation. Most societies in the developing world are overpopulated and this continues to be a challenge to the limited amount of food produced. The historical account of Easter Island serves as a warning sign in regard to the need to address environmental issues in such a way that, it illustrates how lack of thoughtful environmental stewardship and careful planning can lead to failure of sustainable management of