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Essay / Research Paper Abstract
This 7 page paper uses 5 news articles to illustrate different economics concepts. The paper looks at opportunity costs with the use of spending on a capital rather than consumable items, supply and demand with a shortage of supply causing process to increase, the influence of complimentary goods on sales, the use of price ceilings and the way marginal returns are increased by following a strategy to ensure total average costs are as low as possible. With each subject discussed there is an illustrating graph. The bibliography cites 5 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEecnews.rtf
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Unformatted sample text from the term paper:
Montreal retail banking branch in the Georgian Mall in Barrie, Ontario. When a company makes any investment it is likely have the aim of maximising their resources in order to
gain the best return. Any investment or purchase will have what is known as an opportunity cost. This is because the same money cannot be used for more that one
purchase or investment. If the funds are going to be used to increase returns then the opportunity cost can be calculated by comparing the potential returns, which may also involve
the use of tools such as net present value. When the returns are calculated the opportunity cost is reduced by choosing the option that gives the largest return. The
Bank of Montreal would have considered different ways of increasing their revenue, this may have included options on regular spending and consumables, such as producing more leaflets to give out
or to hire more staff, however, they will have determined that the capital investment will give the best long term benefit. However as money is spent on the capital investment
it leaves less for spending on consumables. If we put this into a graph we would seen the following when looking at the entire budget with demand line;
This shows us that where all the money were spent on capital goods there would be nothing left for consumables, but as less is spent on capital investments there is
more for consumables, the lie is skewed as consumables have a lower price, so the quantity demand will be greater than the quantity of capital investments. Part 2 Anonymous,
(2007, Feb 21), Uranium prices riding high, Professional Engineering, , Vol. 20 Issue 4, p5 The UK is seeing a shortage of supply of uranium, the article reports that the
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