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A pipeline constructed of carbon steel failed after 3 years operation. On examination it was found that the wall thickness had been reduced by corrosion to about half the original value. The pipeline was constructed of nominal 100 mm (4 in) schedule 40 pipe, inside diameter 102.3 mm (4.026 in), outside diameter 114.3 mm (4.5 in). Estimate the rate of corrosion in ipy and mm per year
Entrepreneurship is a factor of production which adds value to the production process and therefore earns a legitimate return to its exertion. How would you evaluate these two contrasting views, and what are their implications for society?
One of the functions of price is to ration resources and goods and services. What do we mean when we say price serves as a rationing device? Elaborate your response in relation to scarcity and in terms of the demand and supply model
Draw a standard supply and demand diagram which shows the demand for new housing units that are purchased each month, and the supply of new units built and put on the market each month.
The slope of the production function with capital per worker
the world cup and its economic effect. this essay will talk about the 2014 world cup and about the advantages and
Assume that the medical screening industry is perfectly competitive. Consider a typical firm that is making short-run losses. Suppose the medical screening industry runs an effective advertising campaign which convinces a large number of people th..
Bumper crops (i.e., abundant crops) for wheat and corn have historically reduced the number of wheat and corn farmers. A price floor set by government above the equilibrium price for those crops would:
What are the exact advantages of the collaborative strategy in R&D? Why could NKT Flexibles not just undertake all R&D in-house? What is the reaction among employees if R&D tasks are outsourced?
When her income falls from $50,000 to $20,000, Alex increases her monthly purchase of hamburger from 20 pounds to 35 pounds. Using the midpoint method, Alex's income elasticity of demand for hamburgers is:
1)Describe three examples of how isoquants and isocosts are used in industry. How would this vary when applying these to services?
write the significant organizational contingencies which may affect compensation decision making? write the two broad
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