Analisys of demand and supply affecting Shell Oil Coursework

Analisys of demand and supply affecting Shell Oil - Coursework Example The effects of changes in the price and availability of gods and services, which serve as complements to oil have had a great impact on the demand for Shell’s products. A good is as a complement when a rise in its price results to a negative shift in the demand curve for the good of interest. The rise in the maintenance costs has placed tremendous pressure on the demand for oil and affecting the price for the company’s products. The price fall in shares for other industries that heavily rely on oil has had a great impact on demand for oil. The reduced profitability and price wars among companies such as Tesco, J Sainsbury, and Marks Spenser reduces the demand for Shell’s products. Increase in price of engineering tools used in processing and extraction of oil have had a negative impact on the demand for oil (Mason, 2011). Shell can increase the price for its products and services to cover higher overhead costs. A substitute good or service is as a substitute when an increase in its price results into a positive shift in the demand for good or service of interest (Cherunilam, 2007). The increase in the availability of alternative fuel sources such as solar energy has a negative impact on the demand for oil. ... The demand for Shell’s products is price sensitive (elastic) since a reduction in the price for Shell petrol will automatically result into an increase in demand. In the case of Shell’s products and services, the percentage change in demand is greater than the change in price. The effects of 2008 economic crisis have had negative impacts on the available income to most people in the UK and the rest of the world. This results into decreased availability of disposable income thereby lowering the demand for products and services (Kotler, 2006). An increase in the level of income can result in increased demand for Shell’s products as people start spending more on luxuries such as travelling longer distances using private cars. This will result into increased demand for fuel. Changes in the company’s operations can have remarkable impacts on the supply curve. The increase in cost of oil extraction due to the effects of economic recession is likely to lead to a shift in Shell’s supply curve. The cost of the refinery is a vital factor that causes a shift in the supply curve. The high cost of production has resulted into less supply and consequently fewer profits (Tanne & Raymond, 2010). The increase in the number of the company’s own retail outlets is playing a major role in increasing the company’s global presence. This results into positive shift in the supply curve. Market failures and imperfections An externality is an impact resulting because of an economic activity that affects unrelated third parties (Maidment, 2002). An example of an externality is the recent Shell’s oil spill in Niger Delta, which affected the surrounding environment and affected the health and economic life of the nearby residents. An externality can

The Princess Bride Screenplay Essay examples -- William Goldman essays

William Goldman made a number of changes in the development of The Princess Bride screenplay. The changes Goldman were not subtle, because when you transform a book into a movie there are major adaptations that must be made for a movie to be successful. The changes may affect the quality of the movie in comparison to the novel. This report is going explain the three most significant changes and how these affected our view and appreciation of the story. The most significant difference between the book and the movie, was that the narrative parts of the book which display the character's thoughts were removed. The book describes what the characters where feeling and thinking, which brought us closer to them. When we know what the character feels and thinks, the story becomes a three-dimens...

It/240 Appendix E

Axia College Material Appendix E TCP/IP Network Planning Table Read questions 80 and 81 on pp. 274-275 of the text. Identify the problems with the TCP/IP network in each scenario and complete the table. Explain your answer for each of the scenarios. | | | | |Scenario |Problem |Explanation of proposed solution |Resources needed | |#80 |Two computers are on default gateways that are |The default gateway for computer 141. 171. 35. is |The computer will need to be accessed under the Administrator profile and the command| | |not optimal or are undefined, meaning the |not located on the network. This computer is |prompt opened. Type in â€Å"ipconfig/ release† followed by â€Å"ipconfig/ renew† to resolve | | |default gateway used is not on the existing |located in the ring topology subnet. The gateway |these issues. | | |network or the default gateway is not the best |should be set to 141. 171. 34. 7 to resolve the | | | |choice for connecting the computer. |issue with com puter 141. 171. 35. 3. | | | | | | | | | |The computer 141. 71. 40. 3, on the star subnet, | | | | |should have its default gateway changed to | | | | |141. 171. 40. 15. | | |#81 |The computer at 141. 171. 35. 3 is attempting to |The computer at 141. 171. 35. should have its |Again, the computer should be logged in with the Administrator profile and â€Å"ipconfig/| | |use a default gateway which is not located on |default gateway set to 141. 171. 34. 17. |release† followed by â€Å"ipconfig/ renew† should be typed in the command prompt on both | | |its subnet. | |machines to ensure connectivity to the proper gateways. | | | |The computer at 141. 171. 0. 3 should have its | | | |The gateway used by computer 141. 171. 40. 3 is |default gateway set to 141. 171. 40. 15 to optimize | | | |not optimizing connections between the computer|its connection. | | | |and others on the network. The computer should | | | | |use another gateway to optimize its | | | | |connectivity. | | |

The Tragic Hero Of Oedipus Rex, And Willie Loman - 1204 Words

Aristotle, renowned philosopher and one of the earliest theater critics, took it upon himself to define the dramatic tragedy. Aristotle believed that a tragedy could only be defined by a hero who is not totally just and flawless, but, at the same time, whose downfall isn’t linked to his own depravity. The reasoning behind this concept is simple to understand. Were there to be a completely virtuous hero with no flaws, no hamartia, as Aristotle describes it, there would be no sense of catharsis or enjoyment at watching horrible events afflict this perfect person. Conversely, if the individual was fraught with flaws, vices, and moral depravity, it would not be a tragedy; it would simply have been seen as his getting what was coming to him, karma, if you will. Although Oedipus, Othello, and Willie Loman can all be said to fall within Aristotle’s definition of a tragic hero, each represents a very different interpretation of the concept. Oedipus, the tragic hero of Oedi pus Rex, written by the ancient Greek playwright Sophocles, is inarguably a tragic hero. In fact, Oedipus was the model which Aristotle used to define tragic heroes. Oedipus’ story certainly is tragic. After going on a manhunt to find the murderer of his subjects’ former king, Oedipus eventually comes to the horrific realization (Spoiler Alert) that he is the murderer, the murdered king he replaced was his father, and he has by now had several children with the queen, his mother. Oedipus is far from a