Demand and Price Essay Example | Topics and Well Written Essays - 1500 words

Demand and Price - Essay Example The other consumers of corn have to resort to other alternatives that are relatively cheaper in the market. Biofuels are a product from corn and oilseeds; thus, the producers of biofuels have to substitute the input of the two raw materials for the optimization of profits. Thus, the producer faces the choices to incur a higher cost of production, reduce the output or increase the consumption of oilseed for production. The crop farmer benefits from higher returns and responds by increasing the production of corn (Dalton, 2009). The vertical axis shows the input of oilseed while the horizontal shows the corn input. The aim of the producing company is to maximize profit (Dalton, 2009). The point R we have the isocost line meeting with the isoquant. This combination of corn and oilseed will yield the company maximum output minimizing on cost which is the objective of the company. An increase in the demand of biofuels will mean that the company has to move to a higher output level. This w ill need an increase in the inputs, which are corn and oil seed. How developments in agricultural and conversion technology might influence the impacts identified in above The developments in agriculture aimed at production of more corn will lead to increase the supply of corn in the market. The increase in supply is likely to cause a decrease in the price of corn. However, with the advancing technologies of conversion coming into operation a wider range of materials will be usable for production of bio fuels (Bhamra et al., 2010). This will further, ease the burden of bio fuels production on corn. The price of corn would establish a new equilibrium with the demand that now will be. DI indicates the demand of corn. Pe and Qe show the equilibrium price and quantity. The production of biofuel using corn as a raw material causes an increase in the demand of corn, thus the demand curve shift shown by the arrows (Dalton, 2009). Consider the result below. The demand for more biofuels stim ulates a higher demand for corn (Gupta & Ayhan, 2010). The demand curve shifts to D2 and a new equilibrium at the point J. The effects of increased competition between participants in the market on the impacts identified above. The competition will result to a higher demand of corn. The crop farmers will expand production in order to feed the new market. This will mean changes in the farming practices and patterns. These changes necessitate farmers to use irrigation. The use of irrigation will cause a strain on water resources available. There will be a need to expand to potion of land used in corn cultivation yet limited space provides a challenge. The crop farmers will start cultivating of marginal lands, which are highly erodible (Gupta & Ayhan, 2010). The farmers will intensify the use of chemical inputs to increase crop yield. This will negatively affect the soil. This is because the increased use of fertilizers will lead to contamination of runoff and nutrient leaching. Howeve r, the level of damage will depend on management practices employed by farmers. Increase the level of cultivation may lead to high levels of erosion. This will further, affect the quality of water in the region. These damages will be presenting the problems of environment sustainability (Gupta & Ayhan, 2010). Cultivation of marginal lands and expansion of land under crop production is a threat to wildlife resources. The cultivation leads to destruction and clearing of vegetation,

E-Business Assignment Example | Topics and Well Written Essays - 4750 words

E-Business - Assignment Example Moreover, we have developed a Blog on the same lines with the website. The report presents the development process of the Cafe Cuisine website, accompanying Blog, the models employed for designing the website and the business strategy utilized for the website. Analysis In the analysis phase of the website development process, we have analyzed the requirements of the website and differentiate these requirements into the functional and non-functional requirements. We analyzed on how the website would help to achieve the organizational objectives by assessing already developed food / restaurant websites. One of the important items is to identify the targeted audiences of the website along with the development of the web contents. Moreover, in the analysis phase of the web development process, we have analysed the software development tools required to develop the website. After thorough assessment the following non-functional requirements of the website have been identified which we hav e accommodated in the developed website (Vandeuren, 2012): The food website should be conformed the guidelines provided by the World Wide Web (W3) Consortium. The website should be developed and comply with the Hypertext Mark-up Language (HTML) version 5.0 Compatibility of the website must be ensured with all the major web browsers include: Firefox, Google Chrome, Netscape, Internet Explorer, and Opera. The web pages of the restaurant website can be viewed fully at 125 % zooming in all the major web browsers. The web pages of the restaurant website should be displayed properly on a computer having resolution set to 640 x 480 pixels. It is required that the restaurant website should be developed incorporating appropriate search engine optimization (SEO). From the typical non-functional requirements, we have concentrated on the security, regularity, data integrity, maintainability, availability, reliability, manageability, and the performance for the restaurant website. One of the cri tical non-functional requirements of the website is usability, the customers / users should be able to use the website with ease. Moreover, it is required that the dashboard design of the proposed website should be simple, easy to use and understand. The targeted audience of the website are the people used to have restaurant’s food regularly or frequently. The age of these people lies between 16 - 45 years. The audience can be professional as well as a novice web user who understands email and how to use a web browser. Moreover, the targeted audience is the people who can access the internet every day and any time. There are several tools and website development languages which are required for the development of a prototype (website). These include but are not limited to the XML, HTML, XHTML, Dreamweaver, JavaScript, CSS and Flash. In order to develop the food website, we have used Hypertext Mark up Language (HTML) version 5, Adobe Dreamweaver, JavaScript and Cascading Style Sheet (CSS). The Adobe Dreamweaver has been used to develop the user interface of the website and industry standard for designing the website. It also provides ‘What You See is What You Get’ (WYSIWYG) interface which is easy to use. Moreover, developing and editing the HTML5 as well as the cascading style sheet (CSS) is much easier by using Adobe Dreamweaver. We have used the JavaScript to validate the inputs provided by the users of