Economics Practice Problems Essay Example for Free

Economics Practice Problems Essay 1. Which of the following would most likely cause equilibrium quantity and price of x to rise? (a)a fall in income when the income elasticity of demand for x is positive Wrong. This will cause a drop in demand and thus a fall in quantity. (b)a fall in the price of complementary product y Correct. A fall in a complementary product will cause a rise in demand for that product â€Å"y† and thus a rise in demand of product â€Å"x† (see graph). (c)a fall in the price of substitute product Z Wrong. A fall in a substitute product will cause an increase in the demand for product Z and thus a fall in the demand for product x. (d)an increase in the cost of producing x Wrong. The increase in production cost will decrease supply (see graph). (e)a fall in the price of product A which is jointly produced with x Wrong. A fall in price of a jointly produced product will give the incentive to produce more A. If this incentivizes the producer to also increase the supply of x, the effect would be opposite as in (d): less price and more quantity. 2. Which of the following is not characteristic of a cartel situation? (a)While disagreement over production quotas may occur, once set, there is little incentive for cheating. Correct answer. In a cartel there are incentives to cheat (all other are characteristics of a cartel). (b)There is an incentive for some producers not to join. (c)Entry of new producers is a threat to the cartels viability. (d)Long-run demand elasticity can pose an obstacle to success. (e)Output must be less than the competitive case for the cartel to be effective.

The Genius by Frank O’Connor Essay -- Genius Frank Oconnor Essays

The Genius by Frank O’Connor The boy’s personality and his intelligence are swiftly established in the opening paragraph. His mother is presented as being a strong influence on him and appears as a kind of ‘ally’ against the rough children – ‘savages’ as she describes them – that live and play in the area. It is clear that she encourages him to regard himself as ‘different’ and separate from them, but it is equally obvious that he is not anxious to associate with them anyway. He describes himself as â€Å"a cissy by conviction† and says that he regarded the idea of fighting as both unattractive and ‘dangerous’. He avoids rough games and prefers the company of girls to boys only because â€Å"they don’t fight so much†. Religion seems to play an unusually important role in his life and it seems probable that this is a reflection of his close relationship with Miss Cooney. He himself uses â€Å"our Blessed Lord† as a kind of defence against bullies who might otherwise ‘hammer’ his head on the pavement. It is evident from the way he uses argument that he is unusually articulate for his age, and this is a reflection of both his natural intelligence and his strong preference for adult company. The fact that his mother has told him â€Å"about geniuses† makes it clear that she has high ambitions for him. This is reinforced by the fact that she: â€Å"Worried herself endlessly finding answers to my questions†. Miss Cooney, however, plays an important role in encouraging and ‘feeding’ the boy’s sense of himself as someone ‘special’. Although a very eccentric and even unstable woman, she recognises his intelligence and, by making her â€Å"religious books† freely available to him, seeks to plant and foster the growth of the idea th... ...y life’, but also to Frank O’Connor’s discussion of the short story in The Lonely Voice (1963). O’Connor compares the novel and the short story: whereas the novel can ‘adhere to the classical concept of civilized society, of man as an animal who lives in a community...the short story remains by its very nature remote from the community - romantic, individualistic, and intransigent.’ The relevance of aspects of this will echo through my discussion of a story by Tobias Wolff in the final section of my paper. For O’Connor, the short story is concerned with individuals who are marginalised, or who marginalise themselves: these individuals are ‘outlawed figures wandering about the fringes of society...As a result, there is in the short story at its most characteristic something we do not often find in the novel - an intense awareness of human loneliness.’

4P analysis of Phoenix Essay

The success of Phoenix Satellite Television starts with the accurate positioning. According to research, in 2011, the coverage of Phoenix Chinese Channel in southern China including Gudgeon and Axing province enjoyed a dominant position among all the areas In China. Meanwhile, administration and enterprise network have become the main channels for people to watch Phoenix TV. More than 65% of people have watched Phoenix Chinese Channel through administration cable network specifically. The number is still gradually increasing in recent years. As it is dated on the 201 2 Annual Report of Phoenix Satellite Television Station Holdings Limited, the dally viewing of Phoenix Chinese Channel among business executives rose 28% year-on-year, and maintained as the fourth most popular channel compared with CATV General, CATV News, Dragon TV and so forth. Phoenix Chinese Channel as well as Phoenix Infernos Channel also receives a high level of audience attention in offices and hotels where people who enjoy high income such as general manager, CEO and partner of an organization are easy to be spotted. Apart from equines world, Phoenix TV has also gained its popularity in political field. Ghana Goal’, the member of the Political Bureau of the CPA Central Committee, described Phoenix TV as his old friend, praising the contribution that Phoenix has made to promote cultural communication between China and western world. Therefore, having examined all the characteristics of TV population, it is not hard to find the clear market segmentation of Phoenix. Individuals who own high educational background, possess a high position with high income are carefully targeted, which earns the information and news content tot Phoenix TV have been made to satisfy the tastes and interests of this group of viewers. By doing so, Phoenix defines exactly who they want to reach, making itself stand out from many other TV channels in Greater China. Based on its well-positioned target market, Phoenix has built some solid strategies from different perspectives to reach its audiences effectively. First of all, it is the product that is the essential part of any company and the most direct link between customers and an organization. The most important products of Phoenix, apparently, are programmers. Phoenix TV, including 6 channels, contains a variety of programmers, ranging from political and financial news and current affairs through live broadcast and talk shows to films, music reviews as well as mini-series in both China and foreign regions. Programmers of Phoenix are quite comprehensive and insightful, especially In Phoenix Chinese Channel. Besides Its core products, Phoenix has made an effort in multi-media platform. Phoenix New Media Limited, one of the subleases of Phoenix, has formed a partnership with the British Broadcasting Corporation and the National Film Board of Canada successively to provide foreign regaining on Phoenix’s digital media platforms in China. At the same time, Phoenix Metropolis Holdings Limited engages in the outdoor media business In China by offering outdoor advertising services on giant-sized LED panels. Since the Internet tofu developing multi-media products indeed helps Phoenix to remain competitive in this new age. Another strategy that Phoenix employed to adapt to the new marketing environment is to think global, act local’. The launch of Phoenix CANE and Phoenix North America Chinese Channel could serve as a great example. Focusing on the overseas Chinese, tot two channels contain several well-known programmers such as Asian Journal and Good Morning China, as well as some in-house programmers including Europe Today and Experience America. Whilst those well-known programmers are responsible for the brand building of Phoenix and keeping overseas audience informed on the situation in China, in-house programmers meet the demands of understanding the local life of foreign countries. That is to say, local news and cultural information provide a practical help towards overseas Chinese. Due to the successful use of marketing strategy, Phoenix is now experiencing the ‘maturity eroded in its product life cycle after the process of introduction and growth. The story of Phoenix is about to reach its climax. The Phoenix’s strategy of pricing is not uncommon in media industry. As the Phoenix Satellite TV has grounded in Gudgeon Cable TV Network, each family only needs a set-top box and 25-RHOMB monthly fee to subscribe the Phoenix TV. As for the products via other media platforms, the price of Phoenix Weekly has been raised because of the growth of production cost, but the sales are not largely affected. Basically, watching Phoenix TV programmers online is free. If people would like to pay ARM monthly, they could enjoy all programmers in high-definition format without any advertisement. The third significant factor, place, or specifically distribution, could influence the sales of products greatly. Different products need different distribution strategies. In the case of Phoenix TV, as a satellite broadcaster, the primary distribution method is by Assist AS. However, unsurprisingly, there is another way in mainland China. As Ill Change mentioned in the interview with the Washington Post in 2005, ‘only hotels, universities and certain state employees were supposed to receive Phoenix, but students began installing satellite dishes illegally to pick it up. The censorship is still strict, but it would not dampen the enthusiasm of people to watch Phoenix. Although the specific approaches in mainland China, Hong Kong and other countries are slightly different, the main distribution strategies could be divided into two categories: direct distribution and indirect distribution. The traditional television and magazines allow people to obtain the news content and inform ation from broadcasters directly, whilst the Internet become the middleman during the process of distribution. TV programmers could be seen on the official website of Phoenix, and readers could find the magazine’s article in APS. With the advancement of Internet, indirect distribution may become the most common distribution strategy of media products. Among all the TV stations. In this sense, the most crucial strategy is to construct in- house celebrities covering hosts, reporters and commentators. Sally We, Chin Lulu and Tiger Huh, they are all superstars that have been made by Phoenix. Their strong personal style not only becomes the symbol of themselves, but makes their programmers as personal brands. In other words, the individual image and reputation have been related to the programmers closely. Therefore, it would be a situation either double-win or double-lose. Besides, the use of cultural celebrities has also become a wise choice for Phoenix to improve its reputation. Hosting the programmer Eight Minutes Reading, Liana Wended, for instance, successfully attracts more attention from his previous readers. Apart from this, social media has been considered as a useful platform for promotion. Like many other TV stations, Phoenix owns various accounts on different platform including, Webb and Weight.

Void Keyword Definition in Java

The void keyword in Java denotes that a method does not have a return type. However, even though a constructor method can never have a return type, it does not have the void keyword in its declaration. Examples The method displayBookData() does not have a return type as shown by the use of the void keyword. Note that the constructor method Book(String, String, String) does not use the void keyword even though it too does not have a return type. public class Book {   Ã‚  private String title;   Ã‚  private String author;   Ã‚  private String publisher;   Ã‚  public Book(String title, String author, String publisher)   Ã‚  {   Ã‚  Ã‚  Ã‚  this.title title;   Ã‚  Ã‚  Ã‚  this.author author;   Ã‚  Ã‚  Ã‚  this.publisher publisher;   Ã‚  }   Ã‚  public void displayBookData()   Ã‚  {   Ã‚  Ã‚  Ã‚  System.out.println(Title: title);   Ã‚  Ã‚  Ã‚  System.out.println(Author: author);   Ã‚  Ã‚  Ã‚  System.out.println(Publisher: publisher);   Ã‚  } }