Effect of Mass Media Free Essay Example, 2500 words

The increasing importance of the mass media has become apparent with each presidential election. When the first televised presidential debate was held on September 26, 1960, between the Democratic nominee, Senator John Kennedy (who later went on to become the president) and the Republican nominee, Vice President Nixon, it was a novelty of sorts. However, the debate between these two was thought to have played a decisive role in an otherwise closely fought election. The charismatic personality of Kennedy came across much better than Nixon and it was the for the first time that television played a role in determining popular attitudes. The mass media have since come a long way from the era of the televised debates to a situation where one candidate (Obama) goes on air directly and on all networks to buttress his point. And the fact that Obama could muster hundreds of millions in contributions from supporters via the net is a sign of things to come. And his ability to reach out in the initial days of his campaign where the mainstream media was not giving him much airtime is largely due to the internet and his deft use of tools like YouTube to spread his message. We will write a custom essay sample on Effect of Mass Media or any topic specifically for you Only $17.96 $11.86/page It is 'normal' to spend 3 - 4 hours per day in the company of a television set. This makes contact across the entire socioeconomic spectrum and makes TV the biggest form of mass communication. The downfall to this is that television tends to emphasize entertainment while, weeding out less entertaining topics. Coverage of public events, politics, and even law that are not considered to fall within the requirements of good television, tend to be the ones that are left out.

Demand Estimation Essay - 925 Words

Demand Estimation Dhruvang kansara Eco 550, Assignment 1 Professor: Dr, Guerman Kornilov January 27, 2014 1. Compute the elasticity for each independent variable. Note: Write down all of your calculations. According to our Textbooks and given information, When P = 8000, A = 64, PX = 9000, I = 5000, we can use regression equation, QD = 20000 - 10*8000 + 1500*64 + 5*9000 + 10*5000 = 131,000 Price elasticity = (P/Q)*(dQ/dP) From regression equation, dQ/dP = -10. So, price elasticity EP= (P/Q) * (-10) = (-10) * (8000 / 131000) = -0.61 Similarly, EA = 1500 * 64 / 131000 = 0.73 EPX = 5 * 9000 / 131000 = 0.34 EI = 10* 5000 / 131000 = 0.38 2. Determine the implications for each of the†¦show more content†¦Therefore, quantity demanded is relatively inelastic to all factors considered. So, company shouldn’t worry much about these factors. 3. Recommend whether you believe that this firm should or should not cut its price to increase its market share. Provide support for your recommendation. A price cut would increase quantity demanded, as the price elasticity is negative. But, magnitude of elasticity is a less than unity. Revenue is maximized when the magnitude of elasticity is one. Therefore, a price-cut will increase quantity demanded but will lead to a loss of sales. So, price-cut should be made only if firm is trying to strengthen its consumer base; from profit perspective, it should instead raise the price. 4. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents. 1. Plot the demand curve for the firm. Deriving the formula from textbook we can keep other factors constant, demand equation is Q = 20000 - 10*8000 + 1500*64 + 5*9000 + 10*5000 Q = 211000 - 10P P = 21100 - 0.1Q (plotted below) 2. Plot the corresponding supply curve on the same graph using the supply function Q = 5200 + 45P with the same prices. Q = 5200 + 45P P = -5200/45 + Q/45 3. Determine the equilibrium price and quantity. According article and explanation of formula, solving demand and supply equation simultaneously, 211000 - 10P = 5200 + 45PShow MoreRelatedAn Assignment On Demand Estimation1242 Words   |  5 PagesAssignment 1: Demand Estimation Brian McGee ECO550 Managerial Economics and Globalization Dr. Rolle Jan. 16, 2015 Compute the elasticities for each independent variable QD = -5200-(42*500)+(20*600)+(5.2*5500)+(0.2*10000)+(0.25*5000) QD = -5200 - 21000 + 12000 + 28600 + 2000 + 1250 QD = 17650 Price elasticity (EP)= EP = -1.19 (1.19) Formula: EP = -42*500/17650 Competitor price elasticity (EPX)= 0.68 Formula: EPX = 20*600/17650 Income elasticity (EI)= 1.62 Formula: EI = 5.2*5500/17650Read MoreEco Demand Estimation2642 Words   |  11 PagesImagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April. 1. Compute the elasticities for each independent variable. Option 1 Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent variables: Q  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   =  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Quantity demanded of 3-packRead MoreDemand and Supply Estimation Essay1208 Words   |  5 PagesHeading: Demand and Supply Estimations Assignment 1: Demand and Supply Estimation Varney Momo Bafalie Dr. Emmanuel Obi Managerial Economics and Globalization April 26, 2014 References Managerial Economics: Applications, Strategies and Tactics, Mcguigan/Moyer/Harris 13th Edition, 2014 Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for their product using data from 26 supermarkets aroundRead MoreDemand Estimation : Computation Of Elasticities1756 Words   |  8 Pages Demand Estimation Name Institution Demand Estimation Computation of Elasticities With the following regression equation, we can compute the elasticities of demand with respect to each independent variable as follows: QD = -3,750 - 100P + 25A + 50PX + 8Y (5,234) (2.29) (525) (1.75) (1.5) R2 = 0.90 n = 26 F = 35.25 Price Elasticity of Demand (PED) Price elasticity of demand is given by the formula PED= ΔQD/ΔP.P/QD. Given a regressionRead MoreDemand Estimation, Assignment 11523 Words   |  7 Pages Demand Estimation, Assignment 1 Lavinia Daye Dr. Youngblood ECO 550 January 26, 2015 For assignment one, we were asked to compute the elasticity for each independent variable. The formula for this is: The QD = - 5200 - 42P + 20PX + 5.2I + .20A + .25M Where p = 500 cents = 5 dollars Px = 600 cents = 6 dollars I = 5,500 dollars M = 5,000 A = 10,000 Therefore Qd = {- 5200 – 42 *500 +20*600 + 5.2 *5500 + 0.2 *10,000 + 0.25 * 5,000} Qd = 17,650 units Own Price elasticityRead MoreDemand Estimation for Britannia Biscuit Industry3306 Words   |  14 PagesDemand Estimation for Britannia Biscuit Industry 1.Introduction: Our objective was to study the demand variation of Britannia Biscuits in India with respect to certain variables like, Price, Price of the substitute (Parle Biscuits), Income of Consumer and Population. To achieve this we assume all other factors like Tastes of Consumer, Advertising etc are constant. The biscuit industry is taken as a whole without differentiating between various segmented brands. To arrive at the demand function ofRead MoreDemand Estimation5612 Words   |  23 PagesTUTORIAL 1: DEMAND THEORY 1a) The demand curve for haircuts at Terry Bernard’s Hair Design is P = 15 – 0.15Q where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of RM9. Terry is unwilling to raise price of the price hike will cause revenue to fall. Should Terry raise the price of haircuts above RM9? Why or why not? b) Terry is trying to decide on the number of people to employ based on the followingRead MoreDemand Estimation Has Been At The Heart Of Many Studies1143 Words   |  5 Pages Literature Review Demand estimation has been at the heart of many studies that focus on questions regarding market power, merger and acquisition, research and innovation and valuation of new brands in differentiated-products industries. Under the framework of demand estimation, Bresnahan (1987) constructs equilibrium models of oligopoly under product differentiation and studies the competition and collusion in the 1995 price war in the American automobile industry. Gasmi, Laffont and Vuong (1992)Read MoreEconomics/ Demand Estimation2473 Words   |  10 PagesAssignment Demand Estimation 04-Dec-12 Liaqat Group Submitted To: Prof. Babar Hussain What Is Demand Estimation? When running a small business, it is important to have an idea of what you should expect in the way of sales. To estimate how many sales a company will make, demand estimation is a process that is commonly used. With demand estimation, a company can gauge how much to produce and make other important decisions. Definition: Demand estimation is a processRead MoreDemand Estimation Forecasting9472 Words   |  38 PagesUNIT 6 DEMAND ESTIMATION AND FORECASTING Objectives By studying this unit, you should be able to: identify a wide range of demand estimation and forecasting methods; apply these methods and to understand the meaning of the results; understand the nature of a demand function; identify the strengths and weaknesses of the different methods; understand that demand estimation and forecasting is about minimising risk. Structure 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 Introduction Estimating Demand Using

Are You Dead Yet by Children of Bodom free essay sample

My favorite death metal band is HERE! Children of Bodom is a Melodic Death Metal band out of Finland and are also signed with the legendary Nuclear Blast Records. I cant find anything wrong with this band. It it among my favorite bands of all time, in my top 10 in fact, and is also one of my favorite Finnish bands, the only one that beats it is Nightwish. I like the catchiness of their songs and I love the band in general. But my favorite thing is the album Are You Dead Yet?. It is short, and straight to the point. So without further ado, lets get started. Tracklist: 1, Living Dead Beat, This the longest song on the list, but it also very good too. The classic style we all know and love is here on this song. Just listen to the lyrics. It is a very good song opener to a fantastic album. We will write a custom essay sample on Are You Dead Yet? by Children of Bodom or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It does have a sucky solo though. 2, Are You Dead Yet?, this song was the first COB song I have ever heard. When playing Rock Band: Metal Track Pack, this was one of the songs on the list. This is brutal, and very heavy. It might even be the heaviest track on here. I love this song, it could even be my favorite. 3, If You Want Prepare For War, this one I first heard while playing GH: Warriors Of Rock, good game by the way. Ever sunce then I liked the song. It still grows on me today. This song makes you feel like your on the battlefield and it sounds so good. Its like Dream Theaters The Enemy Inside but more brutal and alot better. 4, Punch Me I Bleed, so this is what Melodic Doom Metal sounds like, right. Oh wait ther is also Type O Negative, you know what, this song isnt bad in any sense. It still doesnt bring the score down at all. It is a really good song, but it is the weakest of the album. It goes comPLETLY off the usual COB radar. I like the song, but it isnt as good in the album. 5, In Your Face, INCOMING, that is the sound of a fast, catchy, and literally in your face song. This is the track with cursing EVERYWHERE in the song, and I mean everywhere. It does, however, compliment the song well. It also has probably my favorite lyric in the whole album. Its my world, your in it. Ill take you down in a minute is the lyric in question. So with one final note, INCOMING. 6, Next In Line, this song starts out with a blast of heavy orchestra and then it goes into overdrive. This is the song in a nutshell. As soon as it makes it to the main riff, the song shows its true colors in a way that just makes it that much better. In my top 30 songs of all time and it will likely stay that way. 7, Bastards Of Bodom, Dear TeenInk staff, please dont take this down because of that title, that is what its called. Anyways, this starts out with some very nice drumming that sets the speed for the rest of the song. The song is also fast, loud, and deadly. I truely recommend this song to anyone who likes Thrash Metal or anything super fast, Im looking at you Dragonforce. Check It Out. 8, Trashed, Lost and Strungout, Origanally on an EP record, this is the title track to their EP before this. It shows that their style mixes Punk, Thrash, and Melo-Death Metal to make something amazing. This is no exception to this idea. That my friends is why I like this song so much. 9, Were Not Gonna Fall, marking the end of the album, we have something suprizingly weak for this album but it sure fits, when compared to Punch Me I Bleed. I love the song though dont worry. Nothing has changed. It has some nice core progression and a sickly solo to boot. So while this may not be the most epic way to go out it is a way, and a good way to go out. This is by far my favorite album of Children of Bodom, so far. I dont think anything is going to change that fact. This has been theheavymetalist, and my next review will be Edguys 2014 album Space Police. 10/10