Demand Analysis of low-calorie microwavable food Essay Example for Free

Demand Analysis of low-calorie microwavable food Essay QD = 20,000 10P + 1500A + 5PX + 10 I Since R2 is considerable high, the model explains the demand quite well. Putting the values of P, A, Px and I in the above equation, we get, Converting all price into dollars, we get, QD = 20,000 – (10Ãâ€"8000) + (1500Ãâ€"64) + (5Ãâ€"9000) + (10Ãâ€"5000) = 131000 Now, own price elasticity (ep) = Ãâ€" = -10, P = 8000, Q = 131000 Own Price elasticity (ep) = 10 Ãâ€" = 0.61 (approx.) Cross price elasticity (exy) = Ãâ€" = 5, Px = 9000, Q = 131000 Cross price elasticity (exy) = 5 Ãâ€" = 0. 34 (approx.) Income elasticity (eI) = Ãâ€" = 10, I = 5000, Q = 131000 Income elasticity (eI) = 10 Ãâ€" = 0.38 (approx.) Advertisement elasticity (eA) = Ãâ€" = 1500, A = 64, Q = 131000 Advertisement elasticity (eA) = 1500 Ãâ€" = 0.73 (approx.) From the above results, we can see that the own price elasticity is 0.61. Thus the demand for the low-calorie microwavable food is inelastic in nature. This implies that an increase in the price of the food leads to the fall of the quantity demanded by less than proportionate amount. Income elasticity of the good calculated is 0.38. This implies that the good selected is normal good. The cross price elasticity is 0.34. Therefore the two goods are almost substitute goods. Finally, coming to the advertisement  elasticity, we can see that the advertisement elasticity is 0.73. Thus advertisement has an important impact on the sales of the product. Since price elasticity is less than 1, total revenue will fall if price falls. Moreover the cross price elasticity of the product is almost close to zero. So, if the firm will never lower its price to increase its market share. i) The demand curve s drawn below: ii) At these prices there is always an excess supply. Thus market forces cannot determine the equilibrium. iii) The factors can influence demand and supply are: Demand – Advertisement, Income, price of the competitor’s product, etc. Supply – technological improvement, supply shocks, etc. Increase in advertisement expenditure can increase the demand this will shift the demand curve rightward. Similarly any reduction in advertisement expenditure will shift the demand curve leftward. Similarly, a rise in per capita income will shift the demand curve rightward and viceversa. Now, the supply curve can shift rightward if there is any improvement in the technology. On the other hand any supply shock can shift the supply curve leftward. References: Varian, H. R. (2011). Intermediate Microeconomics: A Modern Approach (8th ed.). NY: Norton Walter Nicholson, Christopher Snyder (2012). Microeconomic Theory: Basic Principles and Extensions (11th ed.). USA: Cengage Learning TR Jain, VK Ohri (2010). Introductory Microeconomics and Macroeconomics (7th ed.). India: V.K.Publications

A Close Reading of Euripides Medea :: Euripides Medea Essays

A Close Reading of Medea Medea's first public statement, a sort of "protest speech," is one of the best parts of the play and demonstrates a complex, at times even contradictory, representation of gender. Medea's calm and reasoning tone, especially after her following out bursts of despair and hatred, provides the first display of her ability to gather herself together in the middle of crisis and pursue her hidden agenda with a great determination. This split in her personality is to a certain degree gender bias. The lack of emotional restraint is "typical" of women, and the strong attention to moral action is a common trait of heroes. Medea actually uses both of these traits so that her wild emotions fuel her ideals, thus producing a character that fails to fit into a clear mold. The speech itself highlights women's subordinate status in ancient Greek society, especially in the public eye." When Medea points out that women, especially "foreign" women, "require some knowledge of magic and other covert arts to exert influence over their husbands in the bedroom," she argues for a kind of alternative power that women can enjoy. A power that remains invisible to men and unknown by society, yet sways each with unquestionable force. Medea also supplies a method for interpreting her own character towards the end of her speech (lines 251-257): we should read her history of exile as a metaphoric exaggeration of all women's alienation; in fact, her whole predicament, past and yet to come, can be read as an allegory of women's suffering and the heights of tragedy it may unleash if left unattended. Under this model of interpretation, Medea portrays the rebellion of women against their "wretchedness." Such a transparent social allegory may seem forced or clichéd in our own contemporary setting, but in Euripides' time it would have been revolutionary, as tragedy generally spoke to the sufferings of a generic (perhaps idealized) individual, rather than a group. It would be a mistake, however, to claim that Medea's speech elaborates a clearly progressive political message, as her concluding remarks appeal to women's natural talent for devious manipulation (line 414). While Euripides' play manifests many revolutionary political sentiments, its social criticisms remain sporadic, forming just a part of some of the many trains of thought he follows. Aside from providing a time frame that initiates a sense of urgency to the play (Medea only has a day to complete her plans), the exchange between Creon and Medea introduces the theme of her cleverness.

Family and Old Woman

Once upon time in one small village, lived an old farmer with 3 sons. The first one was strong, and the second one was fast, and the third one was clever. They were always arguing about who is the best son and never help each other. One day the farmer became sick so they called a doctor. Father and Doctor Father: hi my friend. How are you? Doctor: Hi my friend, I am fine. I haven’t seen you long time. How are you my sick friend? Father: how do know that I’m sick? Doctor: I’m a doctor, why would you call me then? Father: I’m not sick but I just want to show my sons that they must stay together and help each other.Please tell them that I’m sick and I need medicine so they must go to witches highland together to find that medicine. Doctor: So you just pretend that you are sick, I don’t like to lie but since you are my old friend I will do it for you. I hope your sons will understand that they must help each other. Doctor really wants to help his friend so he goes to talk with farmers sons†¦ Doctor and the three sons Doctor: Hi, lucky that I met all of you here, your father is sick and he needs the medicine. Clever son: where is that medicine? Doctor: it’s far away in the witches highlands.Fast son: how far is that place? Strong son: how hard is the way? Doctor: The way is very long and difficult so you must go together as soon as possible. I will look after him while you will have a journey so don’t worry and leave†¦ Fight for who is going to get the medicine Strong son: I’m stronger the both of you and better then you I will go get the medicine alone I don’t need your help. Fast son: I’m fastest one, I will go and comeback faster than you and we don’t have enough time. Clever son: let him go he is really stupid, I’m sure that he will comeback without the medicine.So after long discussing and fighting, they decided that the strong son will go first to this journey to find the medicine. On the way he met an old woman that looks very strange. Strong son _old woman dialog Strong son: I look for a way to a â€Å"witch’s highland† do you know how can I go there? Old woman: why you want to go there, it is very far and dangerous place, no one come back from there. Strong son: my father is sick and I need a medicine that can be finding only there. Old woman: if you want to go there I will show you the way but you have something to do for me. Strong son: what should I do?Old woman: there is a tree that is 10 meters high. From here till the tree is more than 10 days way, but you have to go there less than 2 hours. He couldn’t do this so he had to return home without any medicine. Three sons Clever son and fast son: Laughing to strong brother. Clever son: I knew that you will comeback without the medicine. Fast son: now it’s my turn to go to get the medicine. After that the fast son went to find the medicine . He also met the same old woman on his way. Fast son and old woman Fast son: hey, grandma’ do you know how can I get to the â€Å"witches highland†?Old woman: I’m not your grandma’ and why do you want to go there? Fast son: I want to get a medicine for my sick father. Old woman: Before you come here someone came asking for the same place, and if you want to go there you have to answer my question first then I will show you the way. How many hairs on your head? He try to count a long time but he can’t answer to her question, he also couldn’t pass the river, so he a returned to home without the medicine. Clever son: Laughs on his fast brother when he came back without the medicine.Clever son: I will get the medicine that the both off you couldn’t get. Then the last boy went to find the medicine. He met the same old women again. Clever son old woman Clever son: hi I came here to find a medicine for my sick father before I come here both of my brothers c ame looking for it and they couldn’t get it. Old woman: Yes, I met them before you, but I will you want to go there and find the medicine you must do something to for me. Clever son: what should I do for you? Old woman: nothing special only I want you to pass the river and get for me that laptop there.Because I want to check my face book I didn’t check it for a long time. He couldn’t do it too, so he returned home. When he come back to home doctor call them and ask what happened. Doctor: You see you don’t listen to me and didn’t go together, you just waste all of your time to argue who is better and still haven’t got the medicine that your father needs. Tell me why you all return without it? Clever son: I met the strange old woman and she told me to pass the river but I couldn’t because it’s it was hard, so I come back†¦ Strong son: I can pass the river but she told me to go somewhere very fast.Fast son: I can go anywhere very fast but she asked me a difficult question that I couldn’t answer. Clever son: I can answer to any question. Doctor: So you must go together and do all her tasks . Who is better is not important you must help your sick father. Help each other and get the medicine I’ll be waiting for you†¦ Finally they went together to find the medicine. They met the old woman again. 3 Sons_ old woman _dialog Old woman: why you come to me again when you can’t do everything that I want? Clever son: now, we are together so we can do everything that you want.Strong son: just say anything that you want we will do it. Fast son: what is the question? Where is the river? How we can arrive to tree? Old woman: at fist you have to answer me, how many hairs on my head? Clever son: as much as users of facebook. Old woman: You must pass that big river and bring me the laptop from other side; also you should bring me an apple from the big tree. Acting. Fast son run and bring the appl e, strong son bring the laptop. The strong and fast sons bring the laptop and an apple to old woman and she gives them a medicine.They took the medicine from old woman and return to home. Doctor and 3 sons’ scene: Doctor: I am glad that you come back, finally you understand that you must help each other and stick together. Don’t worry your father is not sick, you are all together now as he hopes, so go tell him about your adventure and leave him. Help him and each other and everything will be alright. Three sons never argue or fight again with each other, they do everything together and they live happily with their father. The end

Diversity Organizations Worksheet Essay - 801 Words

Diversity Organizations Worksheet ETH/125 Cultural Diversity What has been the status of women in the United States throughout history? †¢ The serious studies of women written by amateur women scholars were ignored by the male-dominated history profession until the 1960s, when the first breakthroughs came. [ The field of womens history exploded dramatically after 1970, along with the growth of the new social history and the acceptance of women into graduate programs in history departments. An important development is to integrate women into the history of race and slavery. A pioneer effort was Deborah Gray Whites Arnt I a Woman? Female Slaves in the Plantation South (1985), which helped to open up analysis of†¦show more content†¦For example, gender roles might include women investing in the domestic role and men investing in the worker role. Gender identity is also different from gender stereotypes which are shared views of personality traits often tied to ones gender such as expressiveness in women. Historically, what has been the social status of GLBT people? †¢ Langston Hughes was a poet, playwright, and writer during the Harlem Renaissance and more. His writings stimulated a sense of Black Pride and equality. Secretly he was a homosexual man that only a small number of people knew. What is the status of GLBT people in the U.S. today? †¢ According to an opinion widely held, homosexuality is said to be freer today than ever before. It is present and visible everywhere: in the street, in the newspapers, on television, at the movies. It is even supposedly completely accepted, judging by the recent legislative advances made in many countries for the recognition of same sex couples. Certainly, some work remains necessary in order to eradicate the last vestiges of discrimination. 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