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Sinmaz S

Why Apple Watch is a missed opportunity - The Economic Times - 8 views

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    This is an article about apple's newest product 'Apple Watch'. The author simply brings a a topic that bothers me too on to the table and critizices Apple on that which is that this product being compatible with only other Apple Products. More than that it is compatible with the "newest" Iphones and very expensive. Mr Roy simply says that this is a missed opportuinity for Apple because if they had lowered the price and made their product for non-apple users too they could have doubled their addrasable market. So, I believe this is an article about opportunity cost because Apple has lost its opportunity open up to millions of extra buyers in order to gain more money. Their opportunity cost was their addressable market. (Sorry everbody, I added this 2weeks ago, but apparently I forgot to share it, so here we go :)) Sinem Sınmaz
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    Hey, I like that you've linked this article with the opportunity cost however I also think that this article links to the Law of Demand as well since the demand curve of the Apple products experiences change in 'ceteris paribus' determinants.The launching of a new Apple watch has broadened the targeting costumers of the Apple products, since now they also have support from the buyers who would rather buy an expensive smart watch, than a tablet or laptop. This is similar to launching the IPod in 2001, when Steve Jobs attracted more buyers who were music lovers, and thus increased the demand in the product without decreasing the price of the same. This change has an effect on the demand curve, because it shifts the curve to the right since the demand of the Apple products increases. Andjela :)
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    Despite being partially right about claiming if they have lowered the price they could earn more, I also think that by increasing their prices and only providing compatibility between their own devices make it compulsory for people to buy not 1 device from Apple but more since they are only compatible with each other.
Kim J

Do the Math: How Opportunity Costs Multiply Tuition - 2 views

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    This article is about the choice of college students: attending college and working. Attending college comes at the cost of the money the student could have earned instead by working. However, there is a they can learn in college. Which is the better choice? To attend college? Or to work and earn more money?
Bulatovic M

Craig Martin makes investing a piece of cake: opportunity cost - 4 views

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    Short Description: A teacher brings his students cakes and then lets them take only two slices, he then connects this to opprotunity cost in the real world. You only have a certain amount of funds, and you have to make your choice. The cakes represented shares while the amount you could take represented the funds.
Andersen K

Africa's oil and gas potential: Boom or hype? - 2 views

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    This article is about the discovery of natural gas and oil in Africa. It focuses on the changing of landscape and unlocking Africa's potential gas and oil opportunities.
Hughes L

Loo taboo: The past, present and future of toilet architecture. - 0 views

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    I know this may be a bit different, but I still found it quite interesting and figured that I could post it since this definitely deals with opportunity cost and scarcity, lol.
Benavides V

Week 2 (Scarcity Article) : "Iraq's oil output revival at stake for want of water" - 2 views

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    This article is about how the scarce resource of water is affecting Iraq's stumbling economy. Although a "seawater injection" project has been designed to help Iraq's economy, the lack of resources is what is holding them back. There is also a lack of materials (industry sources) being used to extract the water from the fields; pipes, pumps and new kits to separate larger quantities of water are also scarce. Overall, this article shows that Iraq must deal with what materials or resources are vital to benefit themselves. Scarcity of water and labor sources are affecting a boost in their oil production. -Victoria Benavides
Weisman K

Seasonal demand unlikely to halt gold's slide - 1 views

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    This article addresses several economic issues, like the US dollar inflation that is now not even backed by real gold, the demand and supply of gold, the dramatic reduction of this product in certain markets, and how this will affect the market overall.
Hellan L

How A Fight Over Natural Resources Is Quietly Driving The World's Response To Ukraine - 0 views

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    A news report focusing on the economic, meaning the resource consequences of the conflict between Ukraine and Russia, and also highlighting Europe`s dependance on Russia`s oil and how European nations would suffer if there were to be a conflict between Russia and the rest of Europe.
Brennan H

Ebola Vaccine - 0 views

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    There is no supply of an Ebola vaccine to date and it's starting to become an issue. The CDC's emergency budget has been cut, and it's becoming an issue. We really need to think about how we are allocating our money and how we are going to get rid of Ebola in our country.
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    This is a relevant subject matter since ebola has begun to spread, a lack of a vaccine is definitely concerning. This raises the question on how much money the government should be allowing for medical research versus for millitary defenses which is an example of opportunity cost, as well as the demand for a cure as well as for security.
Stamenkovic A

New Fuel Prices Per Litre RON95 -RM 2.26 And RON97 -RM 2.46 Effective 1st December - 1 views

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    IN Kuala Lumpur the price of RON95 petrol for the month of December is likely to be reduced by four sen, and for the same period, RON97 is expected to cost RM2.46 after the government agreed to lower its price by nine sen. On Nov 21, the government announced that fuel subsidies for RON95 and diesel would be removed from Dec 1. The decrease in the fuel price will benefit the people since, if fuel subsidies lead to an increase in prices, the price of express bus tickets should also be reduced when there is a drop in oil price. Federation of Malaysian Consumer Associations vice-president Mohd Yusof Abdul Rahman said money saved from the removal of subsidies could be used to upgrade the public transport system.
Jack L

NZ's Chorus surges after regulator eases price controls - 0 views

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    New Zealand telecommunications network operator Chorus Ltd said on Tuesday its earnings will take a lesser hit after the sector regulator proposed easier price controls on broadband over its network, sending the company's shares to a one year high. As a result the New Zealand telecommunications have been able to charge NZ$38.39 for a monthly phone contract instead of NZ$34.44 a month and this will obviously have financial benefits for the company.
Aminu S

Negative externality - ANN - 1 views

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    The Saarc Summit is fast approaching and Nepal is engaged in last-minute preparations, though even the government seems unsure if the Summit will make any substantial achievement in regional integration. In fact, there is much greater excitement about Indian Prime Minister Narendra Modi's visit to Nepal than the Summit itself.
Jack L

Raising the gas tax isn't about politics, it's about economics - 0 views

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    This article talks about the conflict between both Politics and economics. As the price of oil in America has decreased, some believe that there is an opportunity to increase the "gas tax". In this article they believe that this tax generated from this increase could be beneficial to the economy and could help improve infrastructure and making investments.
Weisman K

The bear case for EM - 0 views

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    This article talks about emerging markets, and bail out plans
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