Posts Tagged ‘Air Quality’

Discussion Questions

Monday, August 9th, 2010
  1. Many schools employ student labor for various purposes, such as partime help in the athletic department. Try to draw the supply curve and the demand curve for student labor in your school, so as to estimate the equilibrium wage rate for student help. (Hints: For the supply curve, survey your friends to try to determine how many hours per week they would be willing to work at various wage rates. For the demand side, determine or estimate the school budget for student help so as to calculate how many hours of student help could be bought at various wage rates. The equilibrium price will be a wage rate, while the equilibrium quantity will be the total number of hours of work purchased by the school.)

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Air Quality’s One Hour



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More New Terms

Sunday, August 1st, 2010

Supply Schedule – a table depicting the relationship between the price of a product and the quantity supplied (offered for sale).

Supply Curve - a graphical representation of a supply schedule.

Elastic Supply – a situation in which sellers are responsive to price changes; that is, the quantity supplied increases readily when the price rises.

Inelastic Supply – a situation in which quantity supplied does not increase readily when the price rises.

Equilibrium Price – a price determined in the marketplace by the interaction of supply and demand.

Equilibrium Quantity – the quantity sold (bought) at the equilibrium price.

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Air Quality’s One Hour

Auto Transport Montreal  and Car Carrier GTA Ontario

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  • Vallejo Municipal Marina  The Vallejo Municipal Marina is located in Vallejo, CA Phone: 707.648.4370 Website: http://www.ci.vallejo.ca.us/GovSite/ Slips: 809 This is the largest marina that is located in the north part of the bay. It offers numerous berths, both covered and non, as well...
  • Emory Cove  Emory Cove Marina is located in: Emeryville, CA Phone: 510.428.0505 Website: http://www.emerycove.com/ Slips: 430 About the Marina: Emory Cove Marina is located just one mile from the San Francisco Bay Bridge. It was built in 1984 and can be found...

New Terms

Sunday, July 25th, 2010

Market Structure – Term used to describe the organization and nature of a market or an industry, particularly whether it is competitive or non competitive in nature.

Competitive Industry – An industry that consists of many small firms and is easily entered by new competitors.

Non-Competitive Industry – An industry that is dominated by a few large firms and is not easily entered by new competitors.

Price-Taker – Term used to describe the position of the individual small firm in a competitive industry, which is unable to influence the price of its product and is forced to accept (take) whatever price is determined in the market.

Price-Maker – Term used to describe the position of the dominant firm(s) in an industry, which can influence the price of the product.

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Best Mutual Funds

Wednesday, June 2nd, 2010

From efforts to improve the electrical infrastructure in the U.S. and elsewhere. “There’s a decade-long secular story of growth there as the world upgrades networks,” says Marc Tommasi, Manning & Napier’s managing director of global strategies, adding, “The volatility in the markets recently has offered us a good buying point.”

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Manning & Napier World Opportunities

Tuesday, May 25th, 2010

A highly elaborate research operation, not superstar managers, is the secret to success at Manning & Napier – which may be one reason this little-known fund hasn’t gotten the attention its record merits: It boasts an annualized ten-year return of 14%; its five-year figure is close to 24%.

At the employee-owned company’s headquarters outside Rochester, N.Y., some 35 analysts and associates are divided into five sector-focused teams and two macroeconomic ones. Rater than be bound to one specific style, the sector groups hunt for stocks that fir any three strategies: one based on long-term growth prospects, another centered on appealing value characteristics, and a third taking advantage of cyclical opportunities for quick profits. The macroeconomic teams, meanwhile, provide data and forecasts that help direct the stock analysts or add insight to their picks. The heads of each team form a seven-man senior research group that makes the final calls to buy and sell.

The $836 million fund owns some 60 stocks, ranging from global Goliaths like Nesltle and HSBC to Swiss dental-implant maker Nobel Biocare. Recent positions include German electronics and electrical engineering giant Siemens, which stands to benefit.

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Oligopsony

Sunday, April 18th, 2010

Oligopsony refers to the situation where the number of buyers for a particular product or service is very small. The reasons will be similar to those given for the existence of monopsony; i.e. the market area may be able to support only a few firms of efficient size; or only a few firms possess the facilities required to make effective use of the good or service in question. The significance of oligopsony will, as with oligopoly, depend upon the degree of  “cooperation” practised by the member firms. If, by an agreement  or through an understanding, each firm agrees to pay no more than a certain price, and to buy no more than a specified quantity, the firms can all pay the same low price as would be paid by an absolute monopsony. If, on the other hand, each firm acts independently, the price will be bid up to the higher level which would prevail under conditions of perfect buyers’ competition.

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Market Power of the Monopsonist

Wednesday, April 14th, 2010

Being the sole buyer, the monopsonist can set the price which he will pay. He need not fear that competitors will outbid him. But he cannot force people to accept a low price. Some people will accept whatever he offers because they have no better alternative, but others will refuse to sell if the price he sets is very low. The monopsonist accordingly must take note of the fact that if he sets a low price he will be able to buy only a little; if he wishes to buy more he will have to pay a higher price. He does, however, have the freedom to select the price, and the corresponding purchase quantity, which suits him best. The perfectly competitive buyer has no such option; he can buy only at the competitively determined price, although at that price he can buy all he likes. Under monopsony conditions, the selling price of a good will be lower, and less will be sold, than under competitive conditions.

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