A painter's costs Research Paper Example | Topics and Well Written Essays - 500 words

A painter's costs - Research Paper Example 3) When a 1 percent rise in price evokes less than a 1 percent fall in quantity demanded, this is price inelastic. From the value that we have obtained, we then know that paint as a commodity is price elastic. How does this relate to revenue for companies? Total revenue is equal to price times quantity or PXQ. The three cases of elasticity correspond to three different relationships between total revenue and price changes: If a price decrease leads to a decrease in total revenue, it is a case of inelastic demand. If a price decrease leads to an increase in total revenue, it is the case of elastic demand. And if a price decrease leads to no change in total revenue, it may be the case of unit-elastic demand. Since our good is price elastic, it may be wise for firms to lower their prices if they are to expect an increase in total revenue or profits because slashing their prices down, they are hiking their sales up by a larger magnitude.

Sufficiency Economy Philosophy Research Proposal

Sufficiency Economy Philosophy - Research Proposal Example Post Graduate Degree Holder Direction: Please encircle any of the number provided for at the right-end of each item/statement to best express your honest judgment by using the following code. Category Weight Always 5 Often 4 Sometimes 3 Rarely 2 Never 1 I. Buddhism's Middle Way 5 4 3 2 1 1. Does your company exhibit the happiness, wisdom, peace, and nirvana 5 4 3 2 1 2. Is your company manager bossy 5 4 3 2 1 3. Have you felt satisfaction in your company 5 4 3 2 1 4. Is there a prayer time for every employee 5 4 3 2 1 5. Are you competitive with other companies in terms of output, input, price, and profit 5 4 3 2 1 6. Do your company sponsors sport activities for your employees 5 4 3 2 1 7. Does your company project harmonious relationship with other companies 5 4 3 2 1 8. Does your company do charity work 5 4 3 2 1 9. Do you promote environmental awareness 5 4 3 2 1 10. Do you do regular promotion on environmental concern 5 4 3 2 1 II. Moderate spending 5 4 3 2 1 1. Does your company offer board and lodging 5 4 3 2 1 2. Is there brand new company car 5 4 3 2 1 3. Do you often attend socializations/party 5 4 3 2 1 4. Does your company possess high tech machineries 5 4 3 2 1 5. Does your company spend moderately 5 4 3 2 1 III. Reasonable life conduct 5 4 3 2 1 1. Does your company give insurance or retirement benefit 5 4 3 2 1 2. Do you have vacation leave with pay 5 4 3 2 1 3. Have you received regular incentives 5 4 3 2 1 4. Does your company offer commensurate salaries 5 4 3 2 1 5. Does your company offer health benefits 5 4 3 2 1 IV. Self-protection 5 4 3 2 1 1. Do you...A convenient sampling method will also be used in this study. The research will be conducted for (12) months considering the number of days for the preparation of the survey questions, fielding and retrieval of survey questions, plus the tabulation, statistical treatment and analysis. The study will be delimited to the Thailand respondents who are Thailand citizens. The name of the respondents will not be presented on this study to protect the respondents' privacy for confidentiality reasons. However, their data will be presented to reveal the level of understanding among different organizations in Thailand as to the sufficiency economy philosophy. Average Mean. This is used to determine the respondents' level of understanding. This was computed by adding the sum of value of responses of respondents (range 1 to 5), divided by the total number of respondents.