...increase in price translated to a large increase in demand. This suggests that products targeted at a niche-market face a price inelastic demand curve; a small change in price results in a high increase in demand. The reverse is true when there is a fall in the price of a product; a price fall leads to a reduction in demand. Bury can increase his income by raising the price of digital books and targeting the affluent sections of society in his advertising campaigns. I In a monopolistic market, a monopolist can restrict supply so as to create a temporary shortage and thus push up the prices of commodities. By closely controlling his innovation, Bury can continue to reap high profits by selling digital book with a realistic synthetic voice. The amount of revenue generated will be dependant on the elasticity of demand as depicted by the demand arc created by the intersection of quantity demanded at different prices. At any two points along the curve, a higher price will intersect the demand arc at a higher quantity demanded. Conversely, a lower price will relate to lower quantities demanded. This situation shall prevail as long as Bury can monopolize the use of his invention and lock out the competition from encroaching into his market. The elasticity of demand calculated using this method will be greater than one as a small change in price will affects total expenditure by consumers. The elasticity of demand in this scenario is relatively inelastic because...
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...Will Bury Goes Global Will Bury’s Price Elasticity Scenarios Economics University of Phoenix The results of Will Bury’s investigations into the effect of price-changes on the demand, for unique online products, revealed that an increase in price translated to a large increase in demand. This suggests that products targeted at a niche-market face a price inelastic demand curve; a small change in price results in a high increase in demand. The reverse is true when there is a fall in the price of a product; a price fall leads to a reduction in demand. Bury can increase his income by raising the price of digital books and targeting the affluent sections of society in his advertising campaigns. I In a monopolistic market, a monopolist can restrict supply so as to create a temporary shortage and thus push up the prices of commodities. By closely controlling his innovation, Bury can continue to reap high profits by selling digital book with a realistic synthetic voice. The amount of revenue generated will be dependant on the elasticity of demand as depicted by the demand arc created by the intersection of quantity demanded at different prices. At any two points along the curve, a higher price will intersect the demand arc at a higher quantity demanded. Conversely, a lower price will relate to lower quantities demanded. This situation shall prevail as long as Bury can monopolize the use of his invention and lock out the competition from encroaching into his market....
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...that global warming may end and air quality will become completely refreshed. However, the downside is that during the transition time, GFC's Hover-Vee (only available in red or black), will most likely put all transportation as we know it in major dissaray. Roadways will no longer be necessary, but new methods of controlling traffic will be required. Further, while the old version of cars are still being used, Hover-vee's will cause accidents, parking issues, and most likely class envy and warfare. The sticker price on the first two models will be about four times that of the average SUV (to about $200,000.) Even so, GFC's marketing futurists have let them know that they will be able to pre-sell their first three years of expected production, with a potential waiting list which will take between 15 and 20 years to fill. The Chief Engineer of GFC commissions a study on potential liabilities for the Hover-vees. The preliminary result is that Hover-vees will likely kill or maim humans at an increased rate of double to triple over automobile travel because of collisions and crashes at high speeds -- projected annual death rates of 100,000 to 200,000. However, global warming will end, and the environment will flourish. The U. S. Government gets wind of the plans. Congress begins to discuss the rules on who can own and operate Hover-vees. GFC's stock skyrockets. The Chief Engineer takes the results of the study to the Chief Legal Counsel, and together they agree to bury...
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...Electronic Waste 2 Abstract This paper will discuss how the United States dispose of electronic waste, how electronic waste is made on a daily basis, and the reasons we have so much electronic waste. This paper will also discuss the problems with e-waste in the world and how our country will benefit from recycling of e-waste and how recycling will help in creating new greener jobs in the future. Electronic Waste 3 Electronic waste, or e-waste, is a term that we use for electronic products that have become obsolete, unwanted products that have essentially reached the end of its life (Denga, 2008). Technology has become so advance at such a rate that many devices become trash even after a short time. This is due to the fact that many companies are constantly coming up with new electronic ideals faster than they can create one product they usually have another one on the market. Many electronic devices that we use on an everyday basis become trash after a few years of use by the customer. The term “old electronic” in fact is one of the reasons that contribute to e-waste such as DVD players being replaced by Blu-ray players and VCRs being replaced by the DVD players (Denga, 2008). E-waste is created from devices that may be electronic such as TV’s, PDA’s, CD players fax machines and computers (Antonitis, 2011). Many of these items are being thrown away on a daily basis. The obsolete computers and many other electronic devices are filling...
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...Juan Hernandez Prof: Anna Krift Global Crisis in Response Feb 16 2014 Colombia´s conflict For many years Colombia has been characterized as a country of drugs and violence marked by internal conflict that lasts until today. This conflict has claimed the lives of about 2 million people, which the population of Colombia today is 47 million, within that internal war has killed 4,2% of the current population (NoticiasCaracol,1). It is a very high percentage with regards an internal war of 60 years. That's why Colombia has suffered from armed conflict for several years and it has negatively impacted the country's development. To understand the issue it is necessary to see the origins of this conflict and also how this has affected the country. The conflict dates back to 1946 when it began a civil and political conflict between supporters of the Liberal Party and the Conservative Party for taking control of the State Power. But the outbreak was the assassination of the Liberal presidential candidate Jorge Eliecer Gaitán. Gaitán was the leader of poor agricultural producers and represented the interests, created jobs and economic opportunities for them to take advantage (Downing,1). But since the death of Gaitán, farmers lose their representation in politics and its future had been vanished. Because of the economic problems and tensions between liberals and conservatives, Colombia entered a period called "La Violencia " (The Violence) which lasted from 1948 to 1960 until they...
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...The Executive Summary The product line of chocolate has been around for more than couple of decades. Still for all, the market is far from becoming saturated as the chocolate can lose its 1st preference since the consumer try to consume other products like toffees and sweets etc. Usual slogan for every chocolate is promising the taste of the product. Some go far as to offer consumer a situation for the consumption of chocolate. Competing on these lines therefore will only add to the clutter. And how have we decided to position KKrunch? KKrunch offers the attitude to go ahead and consume KKrunch with an attitude that the product is positioned with and simply tells you that the product is there to help you on experiencing something that you dream of doing every day. The campaign slogan “Break the Rule” has been the modeled on inspirational themes which brings the pressure and temptation for to consume the product. In addition to this, the campaign will have the humor and the slogan links to that appeal which provides an attractive attitude positioning the product and provide the unique taste of KKrunch is focusing on to the target market. Three types of individual have been identified as the audience of KKrunch • Firstly, the advertisement targets fun and challenging excitement. The advertisements used are attractive and they show the fun and the coolness of reaching beyond boundaries (challenge). The ambiguity allows us to convey the message to abroad spectrum of fun seekers...
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...Assignment 02 Essay Plan: Introduction: * Outline what intend to explore in essay * Description of a consumer society. Part 1 * What is consumerism * Mass consumption origins – include quote from R Williams * Affluence * Supermarket contribution to consumerism Part 2 * Outline the impact of rubbish / wastage on environment – include statistics from reports shown in Making Social Lives text book. * Explain what unsustainability means and how does it refer to rubbish. * What is recycling and its role * Other ways to use rubbish i.e. charity shops, used as art Conclusion * Conclude whether society is a throwaway society. Explore the claim that a consumer society is always a ‘throw-away’ society. In this essay I will attempt to explore the claim stated above that a consumer society is always a ‘throw-away’ society and find examples to support this. Before beginning to explore the claim stated above, it is important to understand what is meant by a ‘consumer society’. Many social scientists state that we live in times of a consumer which means “a label use to refer to a society which is defined as much by how and what people purchase and use, as by what they make or do.” (Hetherington, 2009, p.13). Consumerism is a form of socialisation evolving from the Industrial Revolution and it has continued to evolve through the decades to the present day. With so many produces being so readily available it seems there are a number of...
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...the whole way in which our society takes our way of life for granted. Peter Singer’s argument is that “if it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable moral importance, we ought, morally, to do it”. (Singer, 1972). He believes that everyone in similar circumstances as himself should give as much as possible, up to the point that they might also be at risk of poverty themselves. He argues that if everyone in society all across the world did this, that the world would not only solve the Bengal crisis, but would also end world hunger all together. That also by not contributing to helping people suffering from tragedies we are not being morally responsible as a race to our “global village”. Counter points to Peter Singer’s argument that he makes are as follows: First he states that the view that he has taken on the Bengal crisis and world hunger may seem “too drastic a revision of our moral scheme”. (Singer, 1972). That in fact people would not judge other people in the way that he suggests they should, that they would save their judgment for people who actually violate some moral norm, such as theft, murder, etc. Society would not condemn a person who indulges in unnecessary luxury or material items instead of giving to famine relief. Singer’s response to this counter-point is that giving money to a relief fund or charity is considered charitable but is not looked down on by society if you do not contribute to...
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...Introduction Our dependence on electricity has increased dramatically since its discovery. The amount that we depend on electricity in day-to-day life is unlikely to go down in the future. The Industrial Revolution provided us many technologies that required the burning of fossil fuels to work properly. Today, most of the world’s energy comes from fossil fuels. Whether it is coal, oil, or natural gas, these fossil fuels are burned to help produce electricity for our use. The burning of fossil fuels can have detrimental effects on our environment. Greenhouse gases and other air pollutants are released from the burning of fossil fuels. Additionally, the continued use of fossil fuels will eventually deplete its supplies. In the interest of preserving the environment and maintaining the supply of fossil fuels throughout the world, we must look for alternative methods that will provide us the electricity that we are so dependent on. A Fossil Fuel Alternative Nuclear energy is perhaps one of the most economical and reliable sources of energy in the United States and probably the world. Out of all the forms of energy, it has the least environmental impact – air, land, and water – if handled properly. Nuclear power plants do not emit harmful gases, like nitrogen oxide or any other greenhouse gas. Various forms of wildlife and even endangered species are able to thrive around nuclear power plants because neither the cooling water that is discharged from the plant nor the...
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...What are you laughing at? Simon Pegg, The Guardian, Saturday 10 February 2007 You could spend a lot of time exploring the differences between British and American comedy only to reach the conclusion that, ironically, they're pretty much the same. Back when director Edgar Wright and myself were writing our debut feature, Shaun Of The Dead, we were certainly banking on a comic universality in the story of a suburban waster battling the living dead. We had every confidence that the humour would translate. Indeed, we made only one subtle dialogue adjustment during the writing process, changing the word "pissed" to "drunk", so as to avoid any confusion between the conditions of being munted and mardy. The film went on to enjoy surprising success in the US, suggesting that surmounting the supposed gulf between our respective senses of humour requires nothing more than a light skip. When it comes to humour, however, there is one cultural myth that just won't die. You hear it all the time from self-appointed social commentators sat astride high horses, dressed as knights who say, "Ni". They don't get it. They never had it. They don't know what it is and, ironically, they don't want it anyway. That's right: "Americans don't do irony." This isn't strictly true. Although it is true that we British do use irony a little more often than our special friends in the US. It's like the kettle to us: it's always on, whistling slyly in the corner of our daily interactions. To Americans, however...
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...In writing Essence of Decision, Graham Allison and Philip Zelikow attempt to produce not only a comprehensive academic assessment of the Cuban missile crisis, and explain the rationale that defined the shape and outcome of that event, but to challenge the conventional method of studying international relations through a single conceptual “lens,” the Rational Actor Model (RAM). The major assumptions that underlie the RAM, that states consider all available options and choose rationally in order to maximize the utility of each choice, is presented as flawed. Many facts and behavioral nuances must be ignored for the sake of fitting such an analysis within the RAM framework. Allison and Zelikow argue that it is necessary to analyze events through different conceptual lenses focused on a trio of decision-making bodies: the RAM, the Organizational Behavior Model, and the Governmental Politics model. Through each of these lenses, the authors analyze what they propose to be the three primary questions requiring resolution for a broad understanding of the crisis: “Why did the Soviet Union decide to place offensive missiles in Cuba?” “Why did the United States respond to the missile deployment with a blockade?” “Why did the Soviet Union withdraw the missiles?” (Allison and Zelikow, 1999, p. 77-78). Under the RAM, dubbed Model 1 by Allison and Zelikow, governments are recognized as the primary actors in decision making and are rational in that they consider a set of objectives, evaluate...
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...WorldCom By Dennis Moberg (Santa Clara University) and Edward Romar (University of Massachusetts-Boston) 2002 saw an unprecedented number of corporate scandals: Enron, Tyco, Global Crossing. In many ways, WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed. But none of these other companies had senior executives as colorful and likable as Bernie Ebbers. A Canadian by birth, the 6 foot, 3 inch former basketball coach and Sunday School teacher emerged from the collapse of WorldCom not only broke but with a personal net worth as a negative nine-digit number.2 No palace in a gated community, no stable of racehorses or multi-million dollar yacht to show for the telecommunications giant he created. Only debts and red ink--results some consider inevitable given his unflagging enthusiasm and entrepreneurial flair. There is no question that he did some pretty bad stuff, but he really wasn't like the corporate villains of his day: Andy Fastow of Enron, Dennis Koslowski of Tyco, or Gary Winnick of Global Crossing.3 Personally, Bernie is a hard guy not to like. In 1998 when Bernie was in the midst of acquiring the telecommunications firm MCI, Reverend Jesse Jackson, speaking at an all-black college near WorldCom's Mississippi headquarters, asked how Ebbers could afford $35 billion for MCI but hadn't donated funds to local black students. Businessman LeRoy Walker Jr., was in the audience at Jackson's speech, and afterwards set him straight...
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...Thomas Jefferson needed someone to travel across the territory to make maps, find an all water route from the Atlantic to the pacific, and to let Indian tribes know of their intentions. Meeting with congress in secret, Jefferson gained the authority to launch such an expedition with a beginning cost of $2,500 eventually costing the United States $38,000 to start this expedition. Thomas Jefferson selected Meriwether Lewis to head the expedition who then goes and attends classes for botany, celestial navigation, zoology, and medicine from some of the United States leading scientists. Lewis is also instructed to start buying supplies for the trip. Once news of the Louisiana Purchase becomes official in the United States Lewis begins his final preparations for the long journey ahead. In the summer of 1803 Lewis was constructing a boat in Pittsburgh for his journey across the American Northwest. When the construction of the boat is completed he goes down the Ohio River, recruiting at various stops and picking up, most notably, an old friend named William Clark who used to be a military captain who Meriwether Lewis appointed to be second in command on the trip. They make a final stop in St. Louis where they set up camp, called Camp Wood, on the eastern bank of the Mississippi river where they recruit and train more men. March 10, 1804 final ceremonies are held in St. Louis that show France transferring the Louisiana Purchase to the United States...
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...update for this case is available at http://www.scu.edu/ethics/dialogue/candc/cases/worldcomupdate.html . Note that this update is not part of the syllabus for the PRM or Associate PRM exam. It is included for reference and explanation only.) 2002 saw an unprecedented number of corporate scandals: Enron, Tyco, Global Crossing. In many ways, WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed. But none of these other companies had senior executives as colorful and likable as Bernie Ebbers. A Canadian by birth, the 6 foot, 3 inch former basketball coach and Sunday School teacher emerged from the collapse of WorldCom not only broke but with a personal net worth as a negative nine-digit number.2 No palace in a gated community, no stable of racehorses or multi-million dollar yacht to show for the telecommunications giant he created; only debts and red ink--results some consider inevitable given his unflagging enthusiasm and entrepreneurial flair. There is no question that he did some pretty bad stuff, but he really wasn't like the corporate villains of his day: Andy Fastow of Enron, Dennis Koslowski of Tyco, or Gary Winnick of Global Crossing.3 Personally, Bernie is a hard guy not to like. In 1998 when Bernie was in the midst of acquiring the telecommunications firm MCI, Reverend Jesse Jackson, speaking at an all-black college near WorldCom's Mississippi headquarters, asked how Ebbers could afford $35 billion for MCI but hadn't donated funds...
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...Anne Sebert Kuhlmann, PhD, MPH TA: Melissa Raguet-Schofield Lana = IPH basement Mon 9-11 * Course: topical modules * Textbook: brief case studies * Posting is on ARES * On case studies: 15 of those 20 days you must come with a written paragraph thinking about the case ahead of time * * * NOTES: Wednesday, January 18, 2012 * * What is Health? Mental/physical well-being WHO (1948): “..a state of completely well-being, physical, social, and mental and not merely the absence of disease or infirmity” Most commonly used definition, but still can have criticisms… Exs: “not just a STATE/fixed nature…it can also be dynamic and change within a person” Well-being is very broad and can vary in def. among cultures and ppl “completely healthy”: In many ways, we’ve set ourself up to failure..but we’re never going to reach this broad term..hard to measure/quantify a fundamental human right regardless of age/class/gender a resource for everyday life, not just the object of living health is not the mean of itself, it’s a mean for a greater ends it takes time/energy/resources when youre sick that can otherwise be spent in education/artistic creation/ ec. And social endeavors so we want healthy ppl so we can have ppl pursue these avenues and be productive ppl that can contribute to society * A formal Definition of Public health …what we, as a society, do collectively to assure the conditions in which people can be healthy (IOM 1999) ...
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