...1.0 Introduction 1.1 Origin of the Report To complete a course of Managerial Economics (Microeconomics) it is necessary to prepare a report based on the major tropics of Microeconomics. This report is prepared by Aseem Kumar Pramanik, George Anupam Samaddar, Salauddin kader, Mrinal Das & Wahidur Rahman with the guidance of Somaiya Yunus, Faculty of BRAC University. This report is carried out the impact of microeconomics on necessity goods. We actually gathered a vast knowledge of Microeconomics activities on our necessity goods, preparing this report. The project was assigned on January 28, 2008 and submitted on April 07, 2008. 2. Objectives & Scope • Analysis the factor affect of Demand & Supply • Analysis of Market Equilibrium • Determination of Price Elasticity • Analysis of Total Utility • Analysis of Short Run and Long Run • Analysis of Efficiency of Competitive Equilibrium • Analysis of Gain from Trade • Analysis of Difference form of Competition 1.3 Methodology Data Requirements In order to conduct this report the following information was requires: • Assume more than two products. • General information about the product. • General information about the substitute goods of products. • General information about current Market situation of Products. • Information about the Marketing Strategy of Products. • Information about consumer behavior, income level. ...
Words: 2835 - Pages: 12
...the mind and they are a result of "habit" or "custom." We have a habit of thinking causally. But Hume does not say this is a bad thing, since without this habit we would not be able to function in everyday life. He even calls causality the "cement of the universe." For Hume, our judgments of causality are determined by three factors: 1) constant conjunction: we continuously see one event that follows from another event in experience. For example, I see that one ball hits another ball, and that second ball moves, and this has happened many times; 2) contiguity: the two things must be close to each other in space and time; and 3) association between ideas: I have an idea of one ball moving, and the idea of another being hit and moving. So, causality does not belong in the objects seen, but only in the mind. Causality is not a real feature of the world, but only a way we interpret events in the world. In this way, Hume's account of causality points to his broader position that we cannot have any knowledge of the world---or even be in a position to know that we have knowledge. Hume observes that while we may perceive two events that seem to occur in conjunction, there is no way for us to know the nature of their connection. Based on this observation, Hume argues against the very concept of causation, or cause and effect. We often assume that one thing causes another, but it is just as possible that one thing does not cause the other. Hume claims that causation is a habit of association...
Words: 2158 - Pages: 9
... under the pressure of the fireman’s car had become agitated and by trying to make room for the fire engine, collided with a lamp post. The driver of this car had no security belt. We have to see if the fireman is liable. To be liable, three things are needed : a damage, a fact, a causation between them. According to the principle of tort law, article 1:101 of European Principle of Tort Law, (the strict liability) as soon as the victim proved that he suffers a damage, it’s needed to have compensation. Is there a damage ? Peter has collided and had to be took to the emergency. Based on article 2:102 (2) of European Principle of Tort Law, a bodily integrity enjoys the most extensive protection. If no serious hurt had been seen, we can assume that it exists a little traumatism or maybe a light physical damage and therefore this is a bodily damage. A damage exists, so the victim, Peter, doesn’t have to prove a fault, according to the strict liability principle. We need to identify the fact. By driving too fast, with the flashing lights, with the bell sounding, the fireman put a pressure on Peter who panicked and by trying to make room for the fireman, he collided with a lamp post. Are the fact and the damage in relation ? To identify the factual causes, we utilize the “but for test” (condition sine qua non – article 3:101 of EPTL) : it shows that because of this event, the damage occurs. A contrario, without this event the damage would have...
Words: 2588 - Pages: 11
...society to society. Theists believe that God exists, atheists that he doesn’t, and agnostics that we don’t have a good reason to believe in one-way or the other (Slick). There are many arguments for the existence of God, but they all have objections to the premises offered. Some believers argue that if we cannot prove God really exists then we are entitled to believe that he does. On the other hand a theist could point out that if we cannot prove God does exist, we are entitled to believe he does not. There is no way we can prove the existence of God, but there are few arguments that give reasons why we should believe in God, but unfortunately they all have objections to them. Two arguments trying to prove the existence of god, and are not completely successful, are the teleological arguments, the cosmological arguments, and Pascal’s wager. The teleological argument argues that there is an order in the universe, but order cannot exist without design for which this means that there must be a designer, God (Engel). According to Philosopher Paley he believes that just like a watch needs a watchmaker to build it, then everything else needs a designer. For example the eye cannot be put together by human engineering, which gives proof that there must be a Divine Designer responsible for all of the design we observe in nature. __________________________________________________________ WE WRITE YOUR RESEARCH PAPERS ON GOD TOPICS! __________________________________________________________ ...
Words: 1354 - Pages: 6
...Although we might never be able to find a satisfying answer to the question, there have been multiple philosophers throughout time that have taken a worthwhile shot at it. One such philosopher was a monk from the 13th century by the name Of Saint Thomas Aquinas. Aquinas offers an argument in support of an existent god by pointing to what he calls efficient causation. The basis for this argument is that in a world where every reaction is caused by an action, there must be an original “push” of action to set the entire Universe into motion. This push, Aquinas says, is God. There are multiple ways to refute his reasoning, as well as multiple more in support...
Words: 1275 - Pages: 6
...effect on our everyday lives. This can be a bad things for us for multiple reasons. One being that we let it take over on how we live. My claim on this subject is that we should learn how to control the problem This habit of constantly texting can cause us to lose focus on the important things like actually communicating. You have to think about the last time you had an actual conversation with friends, family, and others instead of texting them. My first piece of evidence would be that researchers say that ⅔ of the communication is wordless. I get that we can’t talk to people face to face at the moment if they are someplace else but, if there is a person or one of your friends next to you and you are on your phone you should put it down and socialize with others...
Words: 1144 - Pages: 5
...change is that “We have long droughts and winters.” -Josh Lederman .And the second problem with climate change “The bad wildfires that we have.” -Josh Lederman. The third problem with climate change is “Extreme weather is already hurting farmers and putting ranchers out of business.” - Josh Lederman The causes of climate change could be lots of things like pollution and human causes. The first cause of climate change is the “increasing livestock production”-Anonymous The manure from livestock creates gases in the atmosphere that causes climate change. A second cause of climate change could be “the burning of coal ,oil,and gases.”-Anonymous...
Words: 719 - Pages: 3
...Athabasca Falls are a small set of waterfalls situated in Jasper National Park. Before we get to the actual waterfall, let us venture a little further up the river, where the water is shallow, smooth and calm. The riverbank is lined with coniferous trees, suggesting a mountainous/sub-alpine Eco-district, and adding to the effect of calmness and peace we can sense when in that area. If we are really quiet, faint bird calls can be heard, and sometimes, the occasional chipmunk will venture too close and then scurry away, too frightened to come any closer. Moving along the river approaching the falls, we observe more and more rocks and rugged terrain, as well as fewer trees along the riverbank. The closer we get to the actual waterfall, faint sound that used to sound peaceful becomes a sound that announces something dangerous, like suspenseful music in a mystery movie. The falls themselves are rough and uncontrolled. The Athabasca River thunders through a narrow gorge where the walls have been smoothed and potholes are created by the sheer force of the rushing water carrying sand and rock, eroding everything below that happens to be in its path. Due to the fact that the water falls vertically down, and the rocks adjacent to the falls are composed of horizontal strata, if we stare at the water for a certain amount of time and then transfer our attention to the rocks, we get the impression that the rocks are moving in a wavelike pattern. Looking below the waterfall, the spray...
Words: 1113 - Pages: 5
...“Any time scientist disagree, it’s because we have insufficient data. Then we agree on what kind of data to get; we get the data; and the data solves the problem. Either I’m right, or you’re right, or we’re both wrong. And we move on. That kind of conflict resolution does not exist in politics or religion” a quote by Neil de Grasse Tyson. When we have conflict we can never just work things out. We just believe we are right and the other person is wrong. When beliefs are in conflict with others it causes social injustice by how we think of others, it affects the choices we make, and also can sometimes involve someone dying. When you are in conflict with others it causes how we think of others. In the story Syrian Women Displaced by War Make...
Words: 650 - Pages: 3
...understanding the causes of suicide (21) Suicide is the ultimate deviant act. Ending your own life deviates far from the social norm of wanting to preserve and improve your life instead of wanting to end it, so naturally sociologists want to understand what makes people want to end their own lives so that we can try to prevent it. It was only up until 1961 that suicide was made legal in the UK and it has been an extremely understudied topic up until recently due to Durkheim's study in 1897 as it was so successful that sociologists didn't think there was anything else to contribute to the topic – the fact that up until fairly recently it has been an extremely taboo subject, especially in religious countries, has also contributed to the understudying of this topic. There have been four main sociologists who have contributed to our understanding of the causes of suicide: Durkheim, who used a positivist approach and Atkinson, Taylor and Douglad who used an interpretivist approach. Durkheim was the first sociologist to study to the topic of suicide and he used a positivist approach which is strange when studying such a seemingly interpretivist and personal topic, but he did this in order to try to prove that sociology can and should be studied as a science and that we can see cause and effect by using observable patterns or regularities. Durkheim discovered and notes four regular patterns when using official suicide statistics and from this he devised explanations for the causes of suicide...
Words: 1836 - Pages: 8
...perceptions in God's mind. This response differs from another possible anti-sceptical response which avoids the God-hypothesis altogether. Why not say that the 'possibility of my perceiving the tree' is just that and no more? There is a hypothetical statement - or list of hypothetical statements - whose truth is equivalent to the 'existence of the tree'. You know what a 'statement' is, and what 'truth' means. You know what it is for a statement to be hypothetical ('if A then B'). Why not stick with that? The clear advantage of this theory - also known as 'phenomenalism' - is that we are not giving a hostage to fortune in positing a God whose existence the sceptic would be all-too ready to deny. However, as Berkeley clearly saw, phenomenalism suffers from a defect which severely limits it as a theory of reality. The problem is that, on the normal understanding of what a hypothetical statement is, we do not accept that a hypothetical...
Words: 2480 - Pages: 10
...and sign up to help you do this. http://getrevising.co.uk/ The 10 step revision process 1. Pick a topic to revise (e.g. innate knowledge) 2. Read through your notes on that topic and summarise it onto one side of A4 3. Now summarise onto a revision card (about a quarter of an A4 piece of paper) 4. Now take a piece of A4 and begin writing everything you can remember about the topic. 5. Look back over your notes and write down all you missed out in a different colour. 6. Keep repeating the process until you are able to write down everything from that topic. 7. Now look at an exam question. 8. Complete a plan (5-10 mins) 9. Complete the timed essay in 30 mins / 15 min depending. 10. Hand into me to mark MAKE SURE YOU RE-VISIT THE TOPIC YOU JUST REVISED AT THE BEGINNING OF EACH REVISION PERIOD, TO CHECK THE INFORMATION IS STILL THERE IN YOUR HEADS! EXTRA TIPS * Make sure you are in a quiet place free from distractions (turn you phone off) * Make sure you have paper/pens/lap top (if needed) and notes. * Make sure you have enough water and food so you can...
Words: 8242 - Pages: 33
...something more Searching for a sound we hadn’t heard before And it said Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York It’s a new soundtrack I could dance to this beat, beat Forevermore The lights are so bright But they never blind me, me Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York When we first dropped our bags On apartment floors Took our broken hearts Put them in a drawer Everybody here was someone else before And you can want who you want Boys and boys and girls and girls Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York Like any great love It keeps you guessing Like any real love It’s ever changing Like any true love It drives you crazy But you know you wouldn’t change Anything, anything, anything… Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York Welcome to New York It’s been waiting for you Welcome to New York Welcome to New York Taylor Swift "Blank Space" lyrics [Verse 1] Nice to meet you Where you been? I could show you incredible things Magic, madness, heaven, sin Saw you there and I thought oh my god Look at that face, you look like my next mistake Love's a game, wanna play New money, suit and tie I can read you like a magazine Ain't it funny...
Words: 4600 - Pages: 19
...“The two most important days in life is the day you are born and the day you discover why.” This quote is by Mark Twain. This quote means everyone that is born has a purpose. This quote is really similar to the philosophy Bono showed in his commencement speech, Because we can, We must, which he gave at Penn State University, in 2004. In the excerpt from Because We can, We Must, by Bono, he develops his philosophy that everyone should look for a cause that they are passionate about and fight for it by using rhetorical devices. One of the rhetorical devices he used in his speech is syntax. In the beginning of his speech, Bono says, “What are the ideas right now worth betraying? What are the lies we tell ourselves now? What are the blind...
Words: 1287 - Pages: 6
...argument, meaning we can draw conclusions from experiences based on what we see around us, although it is not a fact. Despite the separate interpretations, the cosmological argument revolves around a first cause which started the universe. This cause is what we come to know as God, and the scholars mainly focus on different ways of proving his existence by looking at the world around us. When looking at the argument, Thomas Aquinas is the driving force behind most of its foundations and ideas. His first way from five in his book ‘Summa Theologica’, he outlines the need for a first cause because of the motion we see in the world. Nothing inanimate can move itself, and requires another force in order for it to go from potentiality to actuality. But everything has to be moved by something else which would go on infinitely, so something must have been the first mover. This first mover is understood to be God, who set the world in motion when he created it. This mirrors Aristotle’s ideas about planetary motion, and Aquinas believed God continues to keep the world functioning and moving. Furthermore, Aquinas’ second way also represents the cosmological argument as the way of causation. When you look at everything around you in the universe, we can understand that it had a cause for it to be there because you can’t have effect without the cause/efficient cause. Nothing appears to be the cause of itself. Aquinas believed there could not be an infinite regress of cause and effect, so...
Words: 619 - Pages: 3
