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Sunday, November 14, 2010
Eco401 GDB No. 01 Solution
Idea Solution.
The elasticity of supply measures the responsiveness the quantity supplied to a change in the price of that commodity.
Because supply curves slope upwards, the elasticity of supply is positive. As we move along a supply curve, positive price changes are associated with positive output changes. An increase in price causes an increase in quantity sold. The more elastic is supply the larger the percentage increases in quantity supplied in response to a given percentage change in price. Thus elastic supply curves are relatively flat and inelastic supply curves relatively steep.
There are important special cases. If the supply curve is vertical, -the quantity supplied does not change as prices changes- elasticity of supply is zero. A horizontal supply curve has an infinitely high elasticity of supply: A small drop in price would reduce the quantity producers are willing to supply from an indefinitely large amount to zero
The elasticity of supply measures the responsiveness the quantity supplied to a change in the price of that commodity.
Because supply curves slope upwards, the elasticity of supply is positive. As we move along a supply curve, positive price changes are associated with positive output changes. An increase in price causes an increase in quantity sold. The more elastic is supply the larger the percentage increases in quantity supplied in response to a given percentage change in price. Thus elastic supply curves are relatively flat and inelastic supply curves relatively steep.
There are important special cases. If the supply curve is vertical, -the quantity supplied does not change as prices changes- elasticity of supply is zero. A horizontal supply curve has an infinitely high elasticity of supply: A small drop in price would reduce the quantity producers are willing to supply from an indefinitely large amount to zero
Eng201 Assignment Solution
Solution:
Lists other prospective funders for the project
Includes thank you and next step to be taken
Does not exceed two pages (one page is recommended)
Includes name and phone number of contact at the organization
Is signed by the person who can speak with authority on behalf of the organization
Q2: Common organization mistakes
1. Taking too long to get to the Point
2. Including irrelevant material
3. Organize Your Ideas
4. Getting ideas mixed up
5. Leaving out necessary information
Why Good Organization is Important
1. Saves Time and Work
2. Helps you delegate
3. Increases reader understanding
4. Makes reader more receptive to message
5. Saves readers time
Q2: please refer handouts, lecture 13 and 14. Pages 50 - 60
Q1: Letter of Inquiry/Intent
Some foundations/corporations prefer a letter of inquiry to determine whether the applicant falls within the foundation's guidelines. In this case, an inquiry letter used instead of a cover letter and proposal. It is very succinct, and attachments are not included. If the funder determines the organization and project fit within it's scope, the organization will be directed to submit a complete proposal. If not, a decline letter is usually issued at that time. A letter of inquiry should meet the following criteria:
Some foundations/corporations prefer a letter of inquiry to determine whether the applicant falls within the foundation's guidelines. In this case, an inquiry letter used instead of a cover letter and proposal. It is very succinct, and attachments are not included. If the funder determines the organization and project fit within it's scope, the organization will be directed to submit a complete proposal. If not, a decline letter is usually issued at that time. A letter of inquiry should meet the following criteria:
Includes funder's name, title, and address Is directed at the individual responsible for the funding program Provides a brief overview of the organization and its purpose Includes the reason for the funding request Includes the amount requested (if required by funder) Describes the need the project intends to meet (including target population, statistics, example)
Provides a brief description of the project
Lists other prospective funders for the project
Includes thank you and next step to be taken
Does not exceed two pages (one page is recommended)
Includes name and phone number of contact at the organization
Is signed by the person who can speak with authority on behalf of the organization
Q2: Common organization mistakes
1. Taking too long to get to the Point
2. Including irrelevant material
3. Organize Your Ideas
4. Getting ideas mixed up
5. Leaving out necessary information
Why Good Organization is Important
1. Saves Time and Work
2. Helps you delegate
3. Increases reader understanding
4. Makes reader more receptive to message
5. Saves readers time
Q2: please refer handouts, lecture 13 and 14. Pages 50 - 60
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