...This essay will critically discuss how price ceilings and floors could possibly lead to economic inefficiency causing surpluses or shortages in relation to graphs and the real world case study. Firstly, price ceilings and price floors are basic aspects of our economy. Government enacted laws used to prevent suppliers from establishing prices of resources higher than supposed to be are known as price ceilings. Price floors are minimum pricing rates that can be charged for a particular good or service. Price controls such as these two are used to maintain affordable lifestyles and to protect consumers from suffering from unfair inflation. But however, if not executed correctly, price controls become completely ineffective. In order for a price ceiling to be effective price ceilings must be set below the natural market equilibrium but this in return becomes a problem the outcome of that would result in either excess in demand or a shortage in supply (Taylor 2006). Producers will not produce as much at a lower pricing rate, while consumers will continue to demand more because of the good being made more affordable; demand will exceed the supply. But still if the demand curve is relatively elastic then the net effect to consumer surplus will be positive. Producers are definitely harmed, as their surplus is doubly hit with a reduction in the number of firms that are willing to take the lower pricing rates. Resulting shortages of goods or services can lead to consumers having to line...
Words: 1492 - Pages: 6
...intervention, which is the price ceiling and price floors. Price ceiling is actually set below the equilibrium price by lowering the price of the goods so that consumers can be able to afford the goods, then price floors which is set above the equilibrium price by increasing the price of some goods in order to protect the interest of some certain producers, and also to see the efficiency and inefficiency of both the price ceiling and price floors. Efficiency which is the economics allocating there resources in a good manner for example government rent control policy and inefficiency, is when the resources are not proper allocated an its example which is the black market and then some graphs that represent the price ceiling and price floors with their explanations and then lastly the real world example of price ceiling and evaluating the effective policy. Price ceiling and price floor are both price controls and also for government to interfere in the free market that changes the market equilibrium price. Price ceiling basically happens when the government puts a legal limits on how high a product price can be and it also disallow prices to exceed a certain maximum that causes shortages in order to be affordable by the consumers, there will be a shortage of goods when ever the price is set below the market price, in this situation demand will be higher or supply will be shortage because consumers will be demanding for more goods due to the cheaper price of the goods, also if the...
Words: 1167 - Pages: 5
...Post negotiation Analysis of Les Florets Case This case particularly resonates with me because it highlights the problems that arise when two individuals have reference points which do not overlap. An impasse was reached between myself (VP of operations for Les Florets) and the Restaurant owner and this was primarily due to the fact that we both had reference points with a ceiling which we felt we could not exceed. Going into this negotiation as the VP of operations my goal was to primarily succeed in buying the restaurant. Prior to starting the negotiation, i identified several certain non monetary concessions that could be made to sweeten the deal such as paying a percentage of travel expenses, and also allowing the restaurant owner to remain as a manager provided he takes a shorter leave of absence (6 months), or retaining him as a paid consultant . I also identified my reservation price as being 160,000 Euros which was the maximum amount given to me by my bosses to offer to the restaurant owner. I established that it was important to discover why the owner wanted to sell as this would enable me to know what negotiation tactic to apply . At the beginning of the negotiations, I initially controlled negotiations, I said that Les Florets was more interested in keeping him as manager even when they bought the restaurant and immediately proposed if he would be interested in remaining as manager after he sold the place while pleasantly asking why he wanted to sell the restaurant...
Words: 968 - Pages: 4
...mannequins hang on chains, enclosed by dark grey walls; the window display at the front of the shop is bleak yet the simple nature portrays the beauty of the garments. The surrounding windows are tinted, therefore you can see out but not in; this gives the shop an exclusive feeling, contributing to the individual style of the clothes and the high price tags. The building is the main feature of All Saints which sets it apart from other high street shops; it’s a converted bank, however it’s been renovated to look and feel like a church, this view is gained from entry as you step through the huge wooden doors. The ceilings are high, the arches, pillars and cornices are incredible, the tiled floor is amazing, and the centre of the store has a beautiful round ceiling mural with a balcony surrounding and a trio of gold, goblet type ornaments. The shop is very gothic in style and having every wall painted a dark grey colour contributes the styling of the clothes and the mood the shop puts you in; it’s like a fantasy world where the Victorian era meets modern Soho or downtown New York. Lighting in the store consists of spotlights on the ceiling pointing down at each fixture or display of clothing; this provides great contrast to the blandness of the colours and also highlights the garments beauty. The spotlights also contribute to the exclusive, almost celebrity feeling as they transform the store into a kind of set, depicting a story, as would be done in a movie. There is a hanging...
Words: 507 - Pages: 3
...task to undertake, but it is a task that must be accomplished in order to get certain things done. Many companies face problems in the IT field that can be solved through programming, from simple to very complex, these problems usually require some sort of input and variables in order to create a solution. One problem that I face in the workplace of construction, is trying to figure out the number of ceiling tiles we will need to fit the ceilings in most offices we build. The ceiling tiles are a certain size and cover large areas which can be a tedious task trying to count how many tiles it will take to fill in the ceiling. A programming solution could be very beneficial in an instance such as this because by creating inputs such as the size of the tiles and the area they need to cover, an output could be the number of tiles that will be needed and thus saving a large amount of time on counting every space they need to fill. This problem of having to determine the number of ceiling tiles it will take to cover the celling area is normally done by counting the spaces in the ceiling that need to be filled and then determining how many tiles will need to be purchased. By coming up with a program to solve this problem would no doubt save a lot of time and even money by not buying an excess amount and either throwing them away or storing them. I believe a simple program would be to have multiple inputs of the size of the tile and the area needing to be covered. By having these two...
Words: 701 - Pages: 3
...suspended from the ceiling. This material appears to be combustible and will be treated with a fire retardant. We will add mechanical tees and drops below this material with pendant sprinklers and heat shields. What is the sprinkler spacing and design density?”...
Words: 737 - Pages: 3
...-Painted Door and frame 2 coats paint to match existing doors in the center. -Installed Push bolt lock onto Top door to be able to lock door from inside kitchen without access from the outer classroom. - Had to Mortar (charcoal colored) area of floor around door where 6”x6” tile had to be broken out for door frame removal and installation. -Put up 2 pieces of 6” Tropical Storm cove base where 6”x6” base tile had to be taken down due to door replacement. -Man hours on job x 2 = 5 hours -Drive time to center x 2 = 1 hour * Center # 303810 Hatboro, Pa -Description * Install FRP in 4 restroom’s, install 6” cove (tropical Storm) Demo existing vanities and install new vanities. * FRP’d all restrooms floor to ceiling with cap at the top along the ceiling tile grid. * Installed outside corners as needed around openings in the bathrooms that acted as a stopping point for transition from FRP in the bathroom to the cased opening to the Classroom. * Installed 6” Tropical Storm Cove Base up to the New vanities, and siliconed it to the floor * Installed New Vanities including new traps and new water supply lines, caulked and silicone in and fastened to the wall. * Caulked and silicone as needed inside corners and areas of the FRP. * Total man hours on job x 2 = 49 hours * Total hours loading up & driving to job x 2 = 17 hours * Center # 301072 Lansdale, PA -Description * Demo existing Fascia 1x8 board around right ,left, and rear of...
Words: 550 - Pages: 3
...Spain. However in countries where meritocracy is practiced, nepotism is generally considered a negative issue leading to corruption. Therefore Nepotism should be considered a negative issue/event in the business field; ethically, legally and discriminatively for those non-family member employees. Although Nepotism can assure a relative’s spot in the company or business, Nepotism suggests a form of inequality, presents legal issues and initiates family deterioration within the workplace. When nepotism occurs in the workplace, it affects the non-family member employees by suggesting a sense of inequality and minority towards employees. Jesse Jackson once said “We've removed the ceiling above our dreams. There are no more impossible dreams” he was referring to the “Glass Ceiling” for minorities, glass ceiling being an invisible barrier that makes it hard for minorities to overcome in this case to achieve higher goals and get promoted. Moreover in most cases nepotism creates immunity for family members; this obviously presents an unprotected working-environment for those non-family employees giving them more pressure and stress at work. Pressure may lead to an improvement of the output quality but efficiency will decrease. Finally due to nepotism, family workers have more privileges at the work place than non-family members workers, this situation motivates family members...
Words: 923 - Pages: 4
...It was the strangest thing I had ever seen, with tubes and wires hanging from the ceiling. The room was rather small, like the size of a normal classroom. The walls were pale gray and rusted out. It was dark, but there was a dim light from under the doorway across the room. I had been trapped in this room for hours, and I was chained to a chair. I couldn’t speak, for there was tape over my mouth. It was cold in the room, and every small breeze from under the door made me shiver. I was able to breath from my nose, and each breath made a small, foggy cloud from my nose, which looked like smoke in the darkness. I focused my eyes on the ceiling and discovered that the tubes were wrapped and connected by wires. The wires weren’t like “hanger” wires though. They were more like the wires you find inside your TV when it’s broken. The only sound I could hear was the ticking of a clock. I hadn’t noticed it when I had woken up in this odd place. It was once silent, but now the ticking was louder than before, as if it was in my head. “Tick-tock, tick-tock”, I repeated in my head. I shut my eyes, thinking that I was only in a dream. I sat there for minutes at a time, and when I opened my eyes the place was still the same. I started to worry, but I did not panic. I thought and thought and thought. “What should I do?” I whispered softly to myself. Suddenly, I heard foot steps from outside the door. They were slow, steady foot steps that made a slightly loud thud with every step taken....
Words: 655 - Pages: 3
...as well as attic bypasses. When dryer vents, bathroom fans or furnace exhaust ducts vent directly into an attic space, the problem is intensified. |[pic] | |Photos courtesy of Wiss, Janey, Elstner | |Associations Inc., Minneapolis. | |Photo 1: Brown stains on the underside of a | |ceiling in one townhouse | Although building codes recommend and require adequate attic ventilation above roof insulation to remove heated air and water vapor that has entered an attic from the surrounding air or a structure's occupied portion, the codes are not strictly adhered to during the design or construction phases. In addition, attic bypasses and openings in dryer vents and furnace ducts must be sealed to minimize moisture infiltration into an attic. This would prevent troublesome condensation within the attic space and on the roof deck's underside. Unfortunately, joints in vents and furnace ducts sometimes are not installed in an airtight manner. The primary signs of severe condensation in an attic space (as viewed from the living spaces) are water stains on ceilings, windows and walls. Such stains generally are the result of melting frost and/or icicles on a roof deck's underside. When staining because of melting frost and/or icicles occurs to a building's interior and damages interior finishes, prompt action is required to limit water damage. Water also can saturate insulation, reducing its...
Words: 1978 - Pages: 8
...will wear different uniforms. For example, they wear like captain of the ship style during weekdays, and like pirates during weekend. – It will capture attention of customers and make them feel delightful. * Wall and ceiling : we will use motion pictures or videos about sea theme. - The customer can see and and feel the defiantely at the sea ( waves, ships , jumping dolphins , birds) * Colour and background : our colour and background will change at the certain time. For instance, the place will change to sunset view at around 6 PM while the place will be bright at around 2 PM . * Sound : Sounds from sea will be played. (eg. Waves, wind, animals) – This will help people to relax and calm. 2. Sky (NEX shopping mall – Serangoon) * Tables & chairs: Simple sky blue oval shape table which can accommodate up to 6 people and cloud shaped chairs with white color will be set up. Besides normal chair, there will be a comfortable white sofa to rest or have a meal- cloud shape gives comfortable feeling to people. Therefore, it helps them having meal in good vibe . * Ceiling: The ceiling will be covered with cloud wallpaper. The lights will be a mixture of blue and white. – This type of ceiling enchance the feeling of mood that they are having a meal at the sky. * Ambience: The wall will be painted in white and grey stripes. Half of the entire area will be facing through a transparent glass...
Words: 574 - Pages: 3
...to play with you hoes I came to slay, bitch I like cornbreads and collard greens, bitch Oh yes, you best to believe it Y'all haters corny with that illuminati mess Paparazzi, catch my fly, and my cocky fresh I'm so reckless when I rock my Givenchy dress (stylin'...) I'm so possessive so I rock his Roc necklaces My daddy Alabama, Momma Louisiana You mix that negro with that Creole make a Texas bamma I like my baby hair, with baby hair and afros I like my negro nose with Jackson Five nostrils Earned all his money but they never take the country out me I got hot sauce in my bag, swag I see it, I want it I stunt, yeah, little hornet I dream it, I work hard I grind �??til I own it I twirl all my haters Albino alligators El Camino with the ceiling low Sippin' Cuervo with no chaser Sometimes I go off, I go off I go hard, I go hard Get what's mine, take what's mine I'm a star, I'm a star Cause I slay, slay I slay, hey, I slay, okay I slay, okay, all day, okay I slay, okay, I slay okay We gon' slay, slay Gon' slay, okay We slay, okay I slay, okay I slay, okay Okay, okay, I slay, okay Okay, okay, okay, okay Okay, okay, ladies, now let's get in formation, cause I slay Okay ladies, now let's get in formation, cause I slay Prove to me you...
Words: 698 - Pages: 3
..."Ugh!" Stephanie Dwyer slammed her apartment door and stomped her foot. "Creep!" A picture fell off the wall and shattered. Water logged, droplets dripped from her nose, her hair, and her eyelashes, pooling at her feet. She scowled. Her new high heels were utterly ruined. Courtney hid a chuckle behind her hand. Pointing the remote control at the television, she clicked off the sitcom she'd been watching. Her lips crooked into a half smirk. "This one turned into a jerk, too?" Stephanie dropped her purse onto the coffee table and flopped onto the couch. She kicked her shoes off, scaring the cat who ran into the other room. Staring at the ceiling, she said, "All men should crash and burn." "That good?" Courtney sat forward, flicking her long black hair behind her shoulders. "There's got to be a couple of good men out there. All we need is one good man each. Is that too much to ask?" Stephanie lifted pained eyes to her roommate and best friend. "I don't think there's two good guys in this whole universe. I give up. I've had it. I'm not kissing any more toads." Courtney looked thoughtful, tapping her chin with her forefinger. "Maybe we've been looking in the wrong universe." Her friend was losing it big time. "What are you talking about?" Handsome Patrick had seemed so perfect, so wonderful. Until she'd caught him with Alyssa tonight, telling her the moon and stars shone only for her, that they were soulmates - the same pathetic lines...
Words: 316 - Pages: 2
...Spain. However in countries where meritocracy is practiced, nepotism is generally considered a negative issue leading to corruption. Therefore Nepotism should be considered a negative issue/event in the business field; ethically, legally and discriminatively for those non-family member employees. Although Nepotism can assure a relative’s spot in the company or business, Nepotism suggests a form of inequality, presents legal issues and initiates family deterioration within the workplace. When nepotism occurs in the workplace, it affects the non-family member employees by suggesting a sense of inequality and minority towards employees. Jesse Jackson once said “We've removed the ceiling above our dreams. There are no more impossible dreams” he was referring to the “Glass Ceiling” for minorities, glass ceiling being an invisible barrier that makes it hard for minorities to overcome in this case to achieve higher goals and get promoted. Moreover in most cases nepotism creates immunity for family members; this obviously presents an unprotected working-environment for those non-family employees giving them more pressure and stress at work. Pressure may lead to an improvement of the output quality but efficiency will decrease. Finally due to nepotism, family workers have more privileges at the work place than non-family members workers, this situation motivates family members workers but It does not motivates non-family member...
Words: 272 - Pages: 2
...Brad Manning is an Ungrateful Slob I typically make every effort to avoid “heartwarming” stories about children recounting how magnificent their fathers were. This becomes increasingly difficult when you stroll into English class and your professor tells you to sit yourself down and read a couple of “look at my awesome dad” stories. Despite my initial disdain for the topic, I whipped out my book, determined not to approach the assignment with my usual jaded mindset. That being said, I still loathed the reading. Brad Manning exhibits a somewhat disturbing fetish for the hairy arms of a middle-aged man. Halfway through the essay I began to beg Manning to please not say the word “arm” again, lest I begin to pull out my hair in frustration. Rather than heed my pleas, Manning chose to use the word “arm” another SEVENTY THREE times, and I am fairly certain I now sport a bald spot behind my left ear. Manning seems to begrudge his father for expressing love physically. Manning talks about the time his father spent with him, playing games and arm wrestling, but writes off all this attention as a shortcoming on his father’s part. Manning is quick to dismiss his father’s lacrosse coaching but laments that his father never signed his birthday cards. I found Manning’s scornful attitude to be infuriating. There are kids who spend years yearning for five minutes of attention from their fathers, yet manning has such a surplus of father-son bonding time, he brushes it off as though it was...
Words: 427 - Pages: 2
