Economics Assignment Example | Topics and Well Written Essays - 2500 words

Economics - Assignment Example Moving downwards from the point D on the demand curve to the midpoint C, absolute value of the elasticity of demand, though declining remains greater than one which causes total revenue to increase with the fall in price of the product. While reduction in price per unit of the commodity tends to reduce revenue, increase in quantity sold caused by it tends to increase the revenue. Price elasticity remaining greater than one above the midpoint C implies that the percentage increase in quantity demanded exceeds the percentage fall in price which causes the total revenue to increase. Therefore, up to the level of output Q which corresponds to the mid-point C of the demand curve, total revenue curve goes on increasing. 2. Inelastic range (e 0 45 2 6.33 90 Elastic 40 3 3.40 120 Elastic 35 4 2.14 140 Elastic 30 5 1.44 150 Elastic 25 6 1.00 150 Unit elastic 20 7 0.69 140 Inelastic 15 8 0.47 120 Inelastic 10 9 0.29 90 Inelastic

The Comparision of two potential river or sea developments for one Essay

The Comparision of two potential river or sea developments for one city with the intention of attracting tourists - Essay Example However, there are hundreds of rivers that cut across the Rio de Janeiro state, most of them having cities, towns and settlements advanced along their banks. Therefore, natural resources and especially rivers are crucial for the life of Rio de Janeiro (Canadian Tourism Commission, 2013 p12). Among the popular rivers that cut right across the city of Rio de Janeiro are the Acari River and River Paraiba do Sul, which create spirited resources for the city (De Vries & Reilly, 2011 p21). However, the potential of these two rivers is completely tapped, and especially in favors to water-based tourism, which is evidently possible and attractive in these rivers. Therefore, any development and rehabilitation of the two rivers that is targeted towards this objective can deliver positive results and this is the major reason for the development of this river. The Acari River flows in the South eastern side of Brazil, through the Rio de Janeiro state, forming one of the major water-courses that s upply the city of Rio de Janeiro (Room, 1997 p311). The river cuts across the city of Rio de Janeiro from the western side, and it separates this city from the city of Duque de Caxias (Room, 1997 p303). The most substantial aspect about the strategic positioning of this River is that; it separates the most populous City in the Rio de Janeiro Metropolitan Area, which is the City of Rio de Janeiro, from the third most populous city in the county, which is the city of Duque de Caxias (Ades, 2004 p.322). This fact is especially important, considering the number of people, who will have an access to the tourist activities established on this river. The other essential characteristic of the Acari River, which makes it most suitable for development for the purposes of water-based tourism, is the fact that the Acari River is controllable (De Vries & Reilly, 2011 p32). The river crosses through areas that are well gifted for boat and canoe riding, so making it a suitable river for developing towards these purposes. Additionally, the Acari River presents no danger of derailing the riding of canoes and boats used for water-based tourism explorations (Krystek, 2012 n.p.). The Acari River has a very large flow of water, meaning that it is a river that can be changed for the purpose of water-based tourism, since it can manage to sustain and supply the flow of water required for this purpose throughout all seasons. The vegetation along the regions of boundary between the river and the land surface also serves the need for soil conservation purposes, by ensuring that no soil from the land masses can directly cause the siltation of the river, while also preventing soil erosion, because it enhances the filtration process (Ades, 2004 p319). The river also has several species of fish, especially on the upper side that is before the section where the Acari River reaches the cities, making it even more viable for water-based tourism, which has fishing as one of the major components . The river has also been widely used for transportation, through crossing from the side of