Demand Estimation Assignment Example | Topics and Well Written Essays - 1750 words

Demand Estimation - Assignment Example Such a product according to economic theory is said to exhibit somewhat elastic demand relative to that of similar products in the market (Graves, & Sexton, 2009). Consequently, the owner of the low-calorie, frozen microwavable food product may need to worry less about rivals in the market since the pricing strategies have a negligible impact on his products. The income elasticity is estimated at 1.62. Such a result is an indication that a 1 percent positive change in the average incomes of the consumers of the product would lead to 1.62 percent increase in the quantity demanded. Theorists argue that such a degree of responsiveness due to changes in consumer income is elastic (Saez, Slemrod, & Giertz, 2012). In line with this, the firm can take the step increasing the price of the commodity if the incomes of the consumers are increased. The elasticity of advertisement is estimated at 0.1 implying that a unit increase in the funds spent on advertisement results to 0.11 increase in the quantity demanded. The result that the degree of responsiveness of the quantity demanded to changes in the intensity of the advertisement is relatively elastic. As such, increases in the level of advertisement do not justify increases in prices by the firm since it is possible that such price have the potential to scare away the consumers (Graves, & Sexton, 2009). In relation to the microwave ovens in the region, the elasticity is estimated at 0.07. Despite the food product being a complement to the microwave oven, a 1 percent elevation in the quantity of ovens in the region only increases the quantity of the food product by merely 0.07 percent. Concerning this, the degree of responsiveness of the quantity needed in relation to variations in the price of the oven is inelastic. The management is better off ignoring the effect of the changes in the price of the ovens when strategizing on

CIMT 534 Essay Example | Topics and Well Written Essays - 1000 words

CIMT 534 - Essay Example In this kind of classroom, the teacher is the only one supposed to talk and it is the responsibility of the students to listen. Student centered learning has the focus shifting from the teacher to the student where the student has the responsibility of taking partial control over the learning process. There are certain advantages that come from both the learning strategies. For the teacher-centered mode of learning, some of the advantages include the fact that the classroom is always orderly and thus offering a quality environment. Since the teacher has the responsibility of directing the students, he/she does not have to worry about the students missing a particular topic. There are some downsides to this mode of learning (Smaldino, Lowther, & Russell, 2012). One of the disadvantages of incorporating this method of learning is the fact that it may lead to poor development in communication skills among the students since they are not allowed to work together. In these institutions, it is normal for the students to lack in concentration and this leads to their minds wondering and the consequent of this is the student failing in particular topics. Student-centered mode of learning also has its advantages in the contemporary environment. One of the major advantages of this method of learning is that the students get to develop effective communication skills that will assist them later on in life. Students also learn to ask questions at the points where they do not understand and this is vital for their understanding of the various topics. Students get interest further in the topics and this is because students are interested in activities in situations where they can interact with fellow students. One of the disadvantages of this mode of learning is the fact that the students may develop an ignorant nature and even disrespect the teacher out of the much freedom offered. The classrooms are also very noisy. Since the

Are some ways of knowing more likely than others to lead to truth Essay

Are some ways of knowing more likely than others to lead to truth - Essay Example However, the following definition of knowledge can be taken for our current consideration. Information or data that is gathered by any one or any thing, using the ways of knowing can be construed as knowledge. Knowledge has to be known to become knowledge. Therefore, knowing is an important activity or part of the knowledge. For our current consideration, this may be taken as the definition of what knowledge is. The above definition of knowledge brings into focus the ways of knowledge. What is 'knowing' and what are the ways of knowing Knowing is to gather information or data about something of interest to a person or object. Webster's English dictionary defines the word 'knowing' as: Possessing information may be special on any specific subject or object. This also places the word 'know' under question. 'Know' is to have some idea or information on a specific subject or object of interest. If this is to, how can a person 'know' about something Knowing then is what one can gather information or data about. One can know about the object of interest in the following ways: A person might gather information or 'know' about an object or a person using any of these methods. These therefore, are the ways of knowing and hence the ways to get the knowledge that one would like to possess. In addition, knowledge is accepted as knowledge by subjecting it to the knowledge tests, viz., coherence, correspondence, pragmatism and consensus. If the knowledge when subjected to any of these tests comes out successfully, then the same may be considered as knowledge. Similarly, there are nine justifications for the knowledge. These are the ones that help in bringing about or reasons for having knowledge. These include logic, sensory perception, revelation, faith, memory, consensus, authority, intuition and self-awareness make up the nine justifications of knowledge. Perception Perception of an object would depend on every individuals thought and action. The state of mind also alters the perception a person has on an object. This also decides what the person understands about the event or object when he encounters it. This would depend on the perception of the person. However, it can also be noted that such perceptions are normally ultra sensitive perceptions that seems more like things outside of the living earth. This would include even the Platonic Forms that are more a representation of the remote thoughts and actions that change the way work but are influenced by our 'perception' of the object or the subject and not on other factors (Morton 2002). Perception has been more refined now to mean only those that are realized through sensory perception and not anything else so that any other means of perception or avoided in the ways of knowledge. Therefore, it can be taken that perception today means only those information that are gathered using any of the sensory perceptions like seen, heard, felt, etc. Therefore, it now includes all that is read or heard through some one or from some thing to make the knowledge learnt through perception. This implies that learning is also a knowledge gathering exercise and education is one such process. However, perception or seeing is possibly the beginning of gathering information or knowledge. But as John Berger (1983)

Video Editing Essay Example | Topics and Well Written Essays - 1000 words

Video Editing - Essay Example They needed a video capture card that could convert incoming video and audio in digital files that users could work with, If they wanted to record a video back to tape for distribution, that card also needed to be able to handle video output (Ken, 2006).  Users needed special software that would actually handle nonlinear editing aspect of the process - controlling the capture of clips, trimming and managing the clips, moving the various clips around on a storyboard or timeline, adding titles, special effects and transitions, compressing the finished video for distribution and output. If serious about effects and transitions, they also needed acceleration hardware that would make the special effects and transitions happen quicker (Ken, 2006). Of course, editors needed big hard drives to store the raw video and audio clips, the rendered special effects and transitions, and the finished video files.  All that has changed - except for the need for big hard drives. Luckily, big hard d rives have become a lot more affordable and a lot more reliable. Over the last few years, most videographers have adopted digital video camcorders that capture video and audio in a digital format. Many computers now come with DV inputs - iLink, 1394 and Firewire making it a no-brainer to get digital video into the computer. Most programs automatically recognize the camcorder make and are able to remote control it - making it very easy to capture to transfer clips from the camcorder to the computer (Michael, 2007). In addition to handling DV in, DV also handles DV out over the same set of wires. If the DV camcorder offers DV in; it can record finished video projects from the computer back to the camcorder.  Because of the ongoing growth in processor speeds - 2 GHz processors are now commonplace and the accompanying availability and drop in the price of RAM.

Italy's invasion of Ethiopia in 1935 Research Paper

Italy's invasion of Ethiopia in 1935 - Research Paper Example It will identify the military tactics used by both sides and comment on the outcome of the conflict. Finally it will analyze the consequences of the military conflict. Causes Italy had been a latecomer in the scramble for colonies as compared with other European powers. During the 1920s, it had signed a friendship treaty with Ethiopia which called for mutual respect and peace across the borders. However, the Mussolini regime sought to consolidate its power in the Horn of Africa. Ethiopia was a natural target due to its huge size and resources (Gooch, 45). In addition, the Italians wanted to avenge their humiliating defeat at the Battle of Adowa in 1896 at the hands of the Ethiopian armies. The immediate cause for the conflict was a series of border disputes in Italian Somaliland. Italy had established a military garrison in the Welwel oasis which was considered to be Ethiopian territory. Subsequently in December 1934, a military clash broke out between Ethiopian and Italian forces in the â€Å"Wal Wal incident† (Gooch, 45). These border disputes were not handled in an efficient manner by the League of Nations. The UK and France remained passive in the wake of Italian provocations. This emboldened Italy to initiate a war against Ethiopia on October 1935. Military Tactics The Italians enjoyed complete military superiority over the poorly armed Ethiopians. The goal of the Italians was to use overwhelming force through the application of modern weapons like warplanes, artillery, tanks, and missiles. The Italians used combined arms operations that comprised of infantry which was supported by armor and airpower. This shocking power decimated entire Ethiopian armies (Mockler, 93). The Italians also used poison gas as a means of terrorizing and demoralizing the defenders. Civilians were killed and the natural environment was decimated through the use of poison gas. The Italian army was considered to be relatively inexperienced when compared with other Western ar mies. Its advance into Ethiopia was remarkably slow despite its inherent military superiority. The Ethiopians were able to stall the advance for six months before being overwhelmed by superior technology. Despite their inferior weapons, they were able to utilize the terrain and numerical strength to isolate and destroy Italian columns in several actions. The Ethiopians sought to drag the Italians into a bloody war of attrition. They sought to use guerillas in order to harass Italian military units behind their flanks and supply lines. Haile Selassie sought to use the Imperial Guard, the best trained armies, for driving a wedge between the main Italian armies. It was argued that the Ethiopians would avoid set piece battles and resort to guerilla warfare. Conventional war would be conducted only on favorable terms in order to neutralize the military superiority of Italy (Nicolle, 92). Casualties and Outcome It is estimated that over 10,000 Italians and 275,000 Ethiopians were killed i n the conflict. Over 44,000 Italians and 500,000 Ethiopians were wounded in the military conflict (Nicolle, 123). The Italians would win the war by defeating the Ethiopians after six months of battles. The occupation of Ethiopia would last until the liberation of the territory by the Allied forces. Ethiopian guerillas would continue to wage resistance against the occupying forces. Important Battles and Events Emperor Haile Selassie launched the â€Å"Christmas Offensive† as a counterattack against the advancing Italian forces.

To what extent do you agree with free market economies being more Essay - 2

To what extent do you agree with free market economies being more effective than a mixed economy - Essay Example they are free to decide on what to produce and purchase in the market respectively. In the free market economy, also known as the laissez-faire economy, the producers decide on what to produce as per the market demand and prices. In the latter, the government plays a very limited role in terms of deciding what is to be produced. In this case, the government has little or no command to direct on what goods and/or services are to be produced. However, in a command economy, the government has high command and control over dictating what types of goods and services are to be produced for the market, and the amounts to be produced. On the other hand, the mixed economy is likely to be characterised by conflict since the economy is controlled by both the market forces and the government in terms of determining the types of goods and services to be produced. The mixed market economy is based on decision making by individuals and businesses for the private sector, and government decisions and regulation for the public sector (Anderton, 2012). Free market economies are likely to be more effective due to the dynamics in the market decision making, i.e. the consumers dictate what is to be produced in terms of consumption demand in goods and services. The producers will choose the best cost-effective method of production for higher profit, and firms produce goods and services in terms of consumer demands and tastes, i.e. they produce goods and services which consumers are willing and able to purchase. The free market is effective due to the existence of healthy competition that allows for opportunities for profit making for firms and businesses, and at the same time ensures consumer satisfaction. The free market responds quickly to consumer demands, where goods and services are produced and delivered with due regard to demand. The mixed economy is likely to be characterised by conflict due to override of authority, by either the government or individuals and businesses, in the determination of the allocation of goods and services. In the mixed economy, the government influences the market through taxation rates and setting laws to regulate the market economy. Additionally, the government provides basic services for communities, such as healthcare, education and policing, and hence hinders the investment in these sectors by individuals in the private sector. However, the government plays a critical role in regulating business and market standards for the facilitation of healthy competition in the private sector and consumer satisfaction. The government is also effective in controlling the consumption of harmful goods through illegality declaration or high taxing (Gillespie, 2012). In the mixed economy, the government easily influences the aggregate market demand in its attempts to manipulate its budget deficits or surplus, known as the fiscal policy, for the realisation of economic goals (Rodrik, 2011). The free market economy is more effective, for it creates opportunities for innovation and welfare improvement in both the individual and public interests, where individuals are allowed to make independent decisions that affect their own wellbeing (Rodrik, 2011). Individual consumers have the capability to make institutional arrangements for the enhancement of suitable interaction

League of Nations Essay Example | Topics and Well Written Essays - 500 words

League of Nations - Essay Example This party rejected the collective League system. This was a product of Mosley's and it would serve as a historical debate later. The article is informative and interesting in light of the various aspects of the League of Nations. Henig, Ruth. "A League of its Own." History Today. 60.2 (2010): 3-4. This article focuses on the historical issues surrounding the League of Nations. The author points out that the League was a failure because they attempted to create a peace making organization at the close of WWI. The problem was that the League could not stop people from going into WWII. The author discussions both historical and contemporary ideas about the League and suggests some of the reasons why it may have been a failure in what it was attempting to do. The article looks at 80 years of history and gives a synopsis of why the League had the challenges that it did at that time. The author does explain how the League was a precursor to international collaboration and how it brought c ountries together. Leppanen, Katarina. "The Conflicting Interests of Women's Organizations and the League of Nations on the Question of Married Women's Nationality in the 1930s". NORA: Nordic Journal of Women's Studies. 17.4 (2009): 240-255. This article presents information on the inter-war years when the League of Nations was just beginning. The article talks about the first conference that happened in The Hague.