Theater Basics How To Read A Play Script

A Primer on the Price Elasticity of Demand

Price elasticity of demand (sometimes referred to simply as price elasticity or elasticity of demand) measures the responsiveness of quantity demanded to a price. The formula for price elasticity of demand (PEoD) is: PEoD (% Change in Quantity Demanded)/(% Change in Price) (Note that price elasticity of demand is different from the slope of the demand curve, even though the slope of the demand curve also measures the responsiveness of demand to price, in a way.) 2:48 Watch Now: How Does Price Elasticity of Demand Work? Calculating the Price Elasticity of Demand You may be asked the question Given the following data, calculate the price elasticity of demand when the price changes from $9.00 to $10.00. Using the chart on the bottom of the page, well walk you through answering this question. (Your course may use the more complicated Arc Price Elasticity of Demand formula. If so, youll need to see the article on Arc Elasticity) First, well need to find the data we need. We know that the original price is $9 and the new price is $10, so we have Price(OLD)$9 and Price(NEW)$10. From the chart, we see that the quantity demanded when the price is $9 is 150 and when the price is $10 is 110. Since were going from $9 to $10, we have QDemand(OLD)150 and QDemand(NEW)110, where QDemand is short for Quantity Demanded. Thus we have: Price(OLD)9Price(NEW)10QDemand(OLD)150QDemand(NEW)110 To calculate the price elasticity, we need to know what the percentage change in quantity demand is and what the percentage change in price is. Its best to calculate these one at a time. Calculating the Percentage Change in Quantity Demanded The formula used to calculate the percentage change in quantity demanded is: [QDemand(NEW) - QDemand(OLD)] / QDemand(OLD) By filling in the values we wrote down, we get: [110 - 150] / 150 (-40/150) -0.2667 We note that % Change in Quantity Demanded -0.2667 (We leave this in decimal terms. In percentage terms this would be -26.67%). Now we need to calculate the percentage change in price. Calculating the Percentage Change in Price Similar to before, the formula used to calculate the percentage change in price is: [Price(NEW) - Price(OLD)] / Price(OLD) By filling in the values we wrote down, we get: [10 - 9] / 9 (1/9) 0.1111 We have both the percentage change in quantity demand and the percentage change in price, so we can calculate the price elasticity of demand. Final Step of Calculating the Price Elasticity of Demand We go back to our formula of: PEoD (% Change in Quantity Demanded)/(% Change in Price) We can now fill in the two percentages in this equation using the figures we calculated earlier. PEoD (-0.2667)/(0.1111) -2.4005 When we analyze price elasticities were concerned with their absolute value, so we ignore the negative value. We conclude that the price elasticity of demand when the price increases from $9 to $10 are 2.4005. How Do We Interpret the Price Elasticity of Demand? A good economist is not just interested in calculating numbers. The number is a means to an end; in the case of price elasticity of demand it is used to see how sensitive the demand for a good is to a price change. The higher the price elasticity, the more sensitive consumers are to price changes. A very high price elasticity suggests that when the price of a good goes up, consumers will buy a great deal less of it and when the price of that good goes down, consumers will buy a great deal more. A very low price elasticity implies just the opposite, that changes in price have little influence on demand. Often an assignment or a test will ask you a follow-up question such as Is the good price elastic or inelastic between $9 and $10. To answer that question, you use the following rule of thumb: If PEoD 1 then Demand is Price Elastic (Demand is sensitive to price changes)If PEoD 1 then Demand is Unit ElasticIf PEoD 1 then Demand is Price Inelastic (Demand is not sensitive to price changes) Recall that we always ignore the negative sign when analyzing price elasticity, so PEoD is always positive. In the case of our good, we calculated the price elasticity of demand to be 2.4005, so our good is price elastic and thus demand is very sensitive to price changes. Data Price Quantity Demanded Quantity Supplied $7 200 50 $8 180 90 $9 150 150 $10 110 210 $11 60 250

Culture And The Meaning Of A Good Old Age - 1532 Words

Culture and the Meaning of a Good Old Age Utica College Indranie Budhnarine 2014 Everyone must grow old one day. When that time comes and we are no longer able to care for ourselves, what will become of us? Will the future be good or bad to us in our old age? Does having a â€Å"good old age† depend on our culture and what part of the world we live in? In a study done by Project AGE, which was conducted between 1982 and 1988 in Africa, North America, Hong Kong, and Ireland. The reason for this project was to collect data on how different communities experience and view aging. The researchers used participant observation and interviews to collect personal data from participants. Investigators found that â€Å"a structured interview was an important component of our research to systematically obtain information on the life course, individual residential and work histories, kinship networks, health status and well-being. A major part of this interview was designed to investigate perceptions of the course of adulthood and changing concerns associated wit h aging† (Fry, C., Dickerson-Putman, J., Draper, P., Ikels, C., Keith, J., Glascock, A., and Harpending, H., 2009: 100). The results of the study showed four main issues between the communities examined: physical health and functioning, material security, family, and sociality. The first one that they looked at was physical health and functionality, which means having physical ability to do things. In Africa, theyShow MoreRelatedDifferences Between Race And Ethnicity960 Words   |  4 Pagescaucasian or latino. They do not get to choose, they are simply given the traits of that race through their bloodline. Ethnicity, however, relates more to a person’s identity outside of their genetic material. This could be based off of what type of culture a person was raised in. A persons’ ethnicity can be reflective of their race, but it could also differ. 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However, they have been a popular myth throughout the history of humanity. It is safe to assume that people created witches in order to explain some phenomena that existed in ancient times. With modern times, the concept of a witch is nothing more than aRead MoreHenna and Old Lady1502 Words   |  7 Pagesthe Arab culture and remains popular to this day and growing in popularity in other countries. The paste that is made is placed into a cone or bag that closely resembles that used by cake decorators. The paste is applied to the skin in intricate designs and as it dries and hardens it begins to fall off leaving behind an orange tint. Designs made from henna are completely free form and have no specific meaning and are meant for the sheer beauty of the art with no religious or cultural meaning. The hennaRead MoreThe Noh Theater1007 Words   |  4 Pagesforming new social classes. The prosperity did not last long as the power struggle for shogun began the Onin War in 1467. After its resolution smaller battles continued between those who wanted power and money, as many shoguns spent time for their own good instead of governing their people (O’Donnell). Using two types of plays, sarugaku, which was mimicry, and kagura, religious theatre; it is from these dark times that Kannami and his son Zeami created Noh theatre (Tsuchiya 93-94). A typical Noh play

Loss of Humanities Should Not be a Sacrifice of Eduction...

As the reduction of the Humanities department begins to arise, many students lives are severely impacted. There are many positive and negative effects which come along with reducing funds in the Humanities departments. Though many individuals might contradict that reducing humanities may be a beneficial act for some, In my opinion it should not be lessened primarily because it can lead to malevolent mishaps. Decreasing humanities will result in excessive unemployment rates, superfluous amount of students wont be ready for their vocational lives, and many diligent individuals will not be able to afford paying for the expenses. How many sacrifices are you willing to take in order to get a superior education? To begin with, one†¦show more content†¦This illustrates that Humanities is an essential part to everyone because it contributes students with a valuable perception and to get a fast career. Lastly, many students will not be able to afford paying for the expenses. In the article it states, Technology executives, researchers and business leaders argue that producing enough trained engineers and scientists is essential to Americas economic vitality, national defense and health care, (Cohen 22 ). This shows that with the reduction of humanities there will be more engineers but less scientists. Humanities study can make better scientists because it teaches you how to think in a creative way also in a critical one and to ask questions. These skills are helpful to gain a better understanding and scientists question everything and prove it by experimenting. Reading the great literary and philosophical works and coming to grips with the question of what is living for - may become a great luxury that many cannot afford, (Cohen 24). Without being able to afford for it many people cant get the education they should receive. In my opinion if the scholars begin to lose interest in t heir occupation they will major in anything to achieve their career and grasp a job. To conclude, without Humanities the courses are elongated and students wont be able to achieve a career if they cannot pay for the the expenses. Receding humanities will result into excessive unemployment rates, superfluous

Does Texting Affect Writing Essay - 1392 Words

Does Texting Affect Writing: A Critical Analysis of the Influence of Text Speak in Student’s Writing We as a society are evolving with each generation to come. We are getting stronger, faster, and smarter. Just as cell phones are no longer square blocks with numbers on them and TV’s are not in black and white, writing itself has also evolved. Once upon a time many wrote and spoke in a Shakespearean form of language and over the years it has evolved into something we call modern English. In recent years, technology has advanced greatly and cell phones have become one of our primary use of communication. With cell phones came a new form of writing called text messaging. Text messaging is used to send short, concise messages to anyone around the world. Often times text messages involve the use of abbreviations which stand for different things and also involves frequent use of emoji’s as a form of expression. This form of writing is now considered informal writing and is not acceptable in academic settings. In Michaela Cullington’s essay â€Å"Does Texting Affect W riting?† she touches on both sides of whether texting is hindering students writing or if it’s actually having a positive effect. She then makes is clear that she believes most students are educated enough to know when text speak is appropriate and when it’s not so therefore it has no effect on students. Although, I agree with her thesis, she lacks credibility due to her insufficient evidence. In addition, I also believeShow MoreRelatedDoes Texting Affect Writing By Michaela Cullington739 Words   |  3 PagesPatrick Angyal English 1013 September 6, 2017 Summary Essay In Michaela Cullington’s essay titled, â€Å"Does Texting Affect Writing?† the author tests the ongoing question of how today’s youth handles the effects of texting in the education system. Using successful evidence from both sides of the argument as well as participating in her own experiment, Cullington is able to fully demonstrate how texting does not interfere with today’s students and their abilities to write formally in the classroom. To openRead MoreThe Effects Of Texting On Teens And Their Writing886 Words   |  4 PagesIn recent discussion of, â€Å"Does Texting Affects Writing† by Michaela Cullington, one view is that texting has a negative impact on teens and their writing. Cullington shows both sides of what students, teachers, and professors have to say about the issue of texting; yet after research this belief may not prove to be true. Then she writes about personal experience regarding the issue.   Ã‚  Ã‚  Text has become one of the most common ways teenagers communicate with others. 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International Human Resource for Culture - myassignmenthelp.com

Question: Discuss about theInternational Human Resource Management for Culture. Answer: International human resource management involves addressing diverse issues that affect companies that have multi-cultural employees. Operating in a foreign nation presents unique human resource challenges for management. This also extends to the measures that may be used to quantify performance. Foreigners who come to work are often faced with the difficulty of making adjustments in order to fit into the new culture. Performance management used in Australia may at times be different from other nations. Understanding the culture and metrics used in performance management is critical to ensure the smooth running of companies in Australia. Cultural issues One of the unique business and cultural etiquettes in Australian companies is the propensity to engage in small time before engaging in the main agenda. In business meetings, it is normal for the small talk to extend up to twenty minutes before attention is drawn to the reason for the meeting. This is shocking for new employees from different countries who expect such meetings to begin immediately. It is also challenging for business executives who fly in to conclude business deals or engage in preparatory talks for future engagement. This is especially if the business executives are working on tight time schedules and have to attend other meetings or fly back immediately. Another cultural issue is that Australians are direct and straight forward. There is no convoluted talk that tries to avoid difficult topics or issues. There is no talk that intends to avoid confrontation. The culture is to be forth right and to get to the point. This can be refreshing or terrifying in equal measure for persons from different cultures. According to Hofstedes theory, they show low uncertainty avoidance (Alexandrina Cristina Luminita 2016). Employees or business partners from nations with high uncertainty avoidance will be challenged when interacting with Australian companies and employers. Steps to address cultural adjustments In order to help employs and business partners to adjust to the Australian business culture, the following can be done. Employees from foreign countries can be assigned a cultural mentor who can coach them into making adjustments in the new culture (Gorrell Hoover 2009). If the employee has a query or need to be given rational explanation about certain cultural issues, the coach can be helpful. For business partners or business executives on short stays, choosing topics that focus on the country of the visitor will help build a common ground. This is different from where local Australian topics are discussed. In addition, assigning the foreign visitors a business aide to explain beforehand the Australian etiquette should be encouraged. Issues of management Most Australian companies have poor performance management of their employs. The office culture in most Australian companies is informal with minimal bureaucracy and hierarchy. This informal organization could be the contributing factor for poor employee performance management. A survey that was recently done on the top 100 Australian companys shows that very few are able to make the connection between their share prices and talent (Windust 2014). Only one in five human resource managers could make the linkage between the attraction and retention of the key personnel in their companies (Gruman Saks 2011). This shows the levels of poor performance management in Australian companies. Steps to address performance management issues One approach that can be taken to improve the management of the performance of employs is to adapt policies that encourage clear channels of communication which give feedback. This should be based on a structure that is less formal and which is transparent. Another perspective that can be used in performance management is to undertake an informal system of appraisal that is continuous and which gives feedback on performance. A good example is the style that has been adopted by Deloitte which is eliminating performance reviews (Pash 2015). In its place, period check-ins are undertaken regularly done on the employees. More check-ins are more beneficial than the yearly formalized reports on employee appraisals. Human resource managers are tasked with ensuring that there is cultural inclusivity in companies where they work. This is important in companies that have staff from different cultures and nationalities. Performance management is also another important aspect that they have to undertake. Australian companies exhibit unique business etiquette that is influenced by the Australian culture. They also have poor measures of performance management. Undertaking actions that lead to cultural adjustments for foreign employees and business partners is important for human resource managers. This applies equally to improving performance management at work. References Alexandrina Cristina, V, Lumini?a, N, 2016, 'HOFSTEDES CULTURAL DIMENSIONS AND MANAGEMENT IN CORPORATIONS', Cross-Cultural Management Journal , Vol XVIII, Iss 1, Pp 35-46 (2016), no. 1, p. 35. Gorrell, P, Hoover, J, 2009, The Coaching Connection : A Manager's Guide to Developing Individual Potential in the Context of the Organization, AMACOM, New York. Gruman, JA, Saks, AM, 2011, 'Performance management and employee engagement', Human Resource Management Review, vol. 21, no. 2, pp. 123-136. Available from: 10.1016/j.hrmr.2010.09.004. Kimmorley, S, 2017, 24 Things expats find surprising about Australian working culture, viewed 6 October, https://www.afr.com/leadership/company-culture/24-things-expats-find-surprising-about-australian-working-culture-20170129-gu13b0 Pash, C, 2015, This is why Deloitte is banning performance reviews, viewed 6 October, https://www.businessinsider.com.au/this-is-why-a-top-deloitte-exec-is-banning-performance-reviews-in-the-company-2015-7 Windust, J, 2014, 50% of Australias largest companies ignore people as a key business risk: New cognology research, viewed 6 October, https://www.cognology.com.au/new-cognology-research-shows-50-australias-largest-companies-ignore-people-key-business-risk/

International Classification Of Functioning - Disability And Health ass

Questions: Patient details is below: Diagnosis: Left middle cerebral artery cerebral vascular accident eight years post onset. History: The patient underwent an angioplasty and following surgery suffered a heart attack and a stroke. She was comatose for 21 days. Social: The patient is married. She enjoys gardening and sewing. She states she would like to work and has tried working at McDonalds but this was too fatiguing for the hours that they wanted her to work. Prior to her CVA, she was a truck driver. There are no steps to her home. She has a scooter and uses it in the community, as she likes the freedom it gives her. She does drive a car. Additional Assessment Information: Right upper extremity: The patient reports she uses right arm and hand minimally in sewing and gardening, States she primarily uses her left upper extremity for activities of daily living. She was right hand dominant prior to CVA. Transfers: Independent in bed, toilet, and car transfers. She reports she does get assist from her spouse to transfer on a tub bench for showering. Ambulation: Ambulates independently in the home without assistive device. Short community distances are also independent without assistive device. States she uses a scooter for longer community distances. Reports she has never used an ankle foot orthotic (AFO). She reports she needs a railing or outside support on curbs, and stairs. Patient states she fell while gardening under low light and currently has bruises from this fall. She also reports falling is not a problem. Spouse adds that falling is not a problem unless she trips over her right foot. Assignment Questions: 1. Considering the ICF model, list two functional impairments and two activity limitations that V.H. experiences. 2. List one objective balance measure that you would use to measure fall risk in this patient. Why you choose that test? 3. What test would you use to help determine this persons ability to be a community ambulator? Why? 4. What standardized test could you use to measure participation (as defined in the ICF Model) or quality of life? Why would you select this test? 5. Since it has been 8 years since V.H. had a CVA, speculate what types of secondary (indirect) functional impairments and activity limitations she might have acquired. Answers: Abstract: This study describes some important concepts of International Classification of Functioning, Disability and Health (ICF) model of Functioning and Disability of a person. This study relates with the case study of a person who is facing serious issue of Left middle cerebral artery vascular. She cannot use her left side for dealing with different conditions of her health. This study delivers aspect of objective balance measure for measuring the fall risk of the patient. This study also describes the necessary impairment of function of physically disabled person. 1) ICF model and two functional impairments and two activity limitations: ICF model refers to the International Classification of Functioning, Disability and Health (ICF) model of Functioning and Disability of a person. This ICF model helps to describe the as well as organize the information on disability or functioning of a person. It gives the scientific basis of understanding the health condition of a person. An ICF model includes within different components or domains. Figure: ICF model (Source: Ptjournal.apta.org, 2016) For the particular context of this case study, body function and activity are much related components of the ICF model. Body function is involved within the disability of mental function, pain and sensory function, speech and voice function, immunological as well as cardiovascular function and function of skin related structures (Hoang-Kim et al., 2014). The Activity is related to the aspect of learning and applying the knowledge into daily experience of a person. Activities are also related to proper way of communication, mobility or self care and domestic care of one person. Activity or Participation is also included within interpersonal relationship or interaction. A person should also be involved within different gatherings of social, civic and community (Horak Mancini, 2013). The concerned person is diagnosed with Left middle cerebral artery vascular issue. According to the ICF model, her physical activities and body function have changed for her serious accident. She cannot use her left hand and left side as well due to the constraints in body. She only takes the help of her spouse to transfer on the tub bench for showering. Her left part is very weak as she performs different works with her right part of body. 2) Morse Fall Risk Assessment as one objective balance measure: For this context, Morse Fall Risk Assessment has been used by the author. Morse Fall Scale or MFS is considered as a simple and rapid method for assessing the likelihood of falling of a patient. Figure: Sample of Morse Fall Risk assessment scale (Source: Shumway-Cook Woollacott, 2007) Janie Morse has recommended this scale for assessing the level of risk of every person. 45 and more than 45 is included in the category of High Risk. 25-44 Score is involved in Moderate risk of the person. On the other hand, the score 0-24 is involved in the category of Low Risk of the concerned person (Hoang-Kim et al., 2014). Reason of using Morse risk assessment: It is very much research driven. The process of interventions is standardized by the level of risk of every person. Most of the nurses and medical personalities use this scale as they consider this scale very easy to use. Different medical personalities have used MFS widely for the use of acute care setting. This risk assessment measure can be used both in long term setting of care as well as hospital setting (networkofcare.org, 2016). 3) Ability to be a community ambulatory Ambulation for the people, who had undergone a stroke, can be evaluated considering a few measures like activity, impairment, participation and quality of life related to health. We can consider the Berg Balance Scale for this purpose. BBS includes some activities for the assessment of functional mobility. The activities are sit to stand, sit and stand without any support, stand with closed eyes, transfers, retrieve objects from floor, turn to look behind, stepping on a stool, standing for a while on one foot, standing on the feet in front of each other, turn 360 degrees etc (Ptjournal.apta.org, 2016). These factors can determine a stroke patients ability to be a community ambulator. After a cerebral vascular accident and stroke, the nervous system along with blood circulation gets affected, which causes an adverse effect on reflex based activities and muscle function. By doing this assessment, an expert can understand the condition of her muscle functions and reflex. According to that, it can be decided that up to what extent she can be able to ambulate (Hoang-Kim et al., 2014). It has evidenced that there are evidences where individual with stroke experienced various rehabilitation all the way through acute and sub acute phases. Still, the walking habits largely influenced subsequent to stroke. 4) Quality of life The World Health Organization Quality Of Life instruments or WHOQOL instruments can be the suitable method of determining the quality of life. It considers several factors like patients physical health, psychological conditions, a level of independence, environment, social relationship, environment and spirituality or personal belief (Mitra, 2014). All these factors are related to a persons mental and physical health. In this case, the physical health of the individual should be a primary consideration. After the cerebral vascular accident, many environmental issues like fatigue, muscle functions disorders, etc. are the major questions that affect or restricts the participation or quality of life. In this context, it has noted that there is 8 +1 dimensions of quality of life exist that required to be taken care of. These are material living conditions, productive or main activities, overall experiences of life, natural and living environment, education, leisure and social interactions, economic and physical safety, and government and basic rights (Hoang-Kim et al., 2014). The environmental conditions should also be taken into consideration as the patient has certain restrictions of working, daily living and travelling. Mental health is also important because a stroke patient should not feel the mental stress and needs a peace o f mind (Shumway-Cook Woollacott, 2007). 5) Limitations Stroke is affected by the interruption of blood supply in brain which may cause dysfunction of heart and nervous system. Beside physical impairment it can also cause cognitive impairment. With age the impairments also increases and may lead to hypertension, diabetes, artial fibrillation etc. The patient can have paralysis, weakness and problems with balance and coordination. A sensation of pain, numbness or tingling or burning may develop. Patient may feel fatigue even after a very light work. In some cases one side of body may not have any sensation or may not function properly.