History of olympic games Term Paper Example | Topics and Well Written Essays - 750 words - 1

History of olympic games - Term Paper Example stivals, and by universal agreement, the best.†(12) What athletic prowess has to do with nakedness is not clear from the scientific perspective, and it is mostly an issue of faith. The system in vogue then was, the Spartan messages were particularly carried by naked runners and they ran between the city-states. Travel light was one of the purposes of their nakedness and also to prove that they did not carry anything unlawful except the message. Thus they were able to run one hundred miles in one day, ensuring the speedy delivery of the messages. Training athletes began with gymnastic exercises a month before the Olympics were to commence. Total nakedness was considered as homage to the gods and gratitude for the male form. It was sort of a security check that women camouflaged as males did not participate in the games. The procedure at the starting point of the race differed much as compared to the present practice in vogue. Twenty contenders stood erect with their arms extended in front of them. The race would be re-run, if the first resulted in a tie. Peace was the watchword during the ancient Olympic Games. It was known as â€Å"ekecheiria†, meaning â€Å"holding of hands.† Safety of the competitors and spectators was assured and all wars, mutual threats and capital punishment stood suspended during the course of games. The ancient Olympic Games were linked to warfare as per the specially adopted procedure. The participants would run 800 yards in full body armor. Thus it was a competition of strength clubbed with speed. That was also to remind all concerned about the physical demands of warfare. In the 3nd century AD, virgins were allowed entry to the Olympic Games as spectators. But for the married women traced watching the game, it was inviting death. They would be thrown off the cliff at Mount Trypeum. Punishment for cheating was almost instant. Judges carried a switch to beat the frauds they were able to catch. Those who indulged in malpractices were

The Oresund Bridge Essay Example | Topics and Well Written Essays - 1000 words

The Oresund Bridge - Essay Example In this case, people or basically the target audience of this bridge has the option of the ferry available. A rise in the prices will lower the demand for the bridge by a larger ratio as people will prefer to travel by ferry. Similarly, a fall in price will increase the demand by a larger ratio because more people would be able to afford it now. The second factor is that people like to travel from Denmark to Sweden, or vice versa, but they do not need it. Therefore people will only travel if the price is right, which is to say low. Whenever the price decreases, more people can afford it and this results in price elasticity. Q2) The Swedish government has estimated the price elasticity to be at -1.4. This has several implications for the traffic on the bridge. The Swedish government knows that first of all, an inverse relationship exists. This means that a decrease in price will definitely increase the demand and this can help the government in properly pricing it. The second implication is that any change in price will have 1.4 times the change on the demand. This means that for the government, it is beneficial to decrease the price to increase the demand. For example, if the government reduces the price by 10%, then it will result in a 14% increase in demand. Therefore, this information can be helpful in pricing the tickets for the bridge. Q3) This calculation of price elasticity of -1.4 is not beneficial in the long run because first of all, price elasticity tends to change overtime. Secondly, the government is thinking of changing the price and there is always different price elasticity for every pri ce level. Therefore if the price changes in the near future, then the price elasticity will change instantly. Lastly, advertisement campaigns play a huge role in changing the price elasticity, thus calculation is not useful in the long run. Case study 3.3: The Texas state bird Q1) PED= % Change in demand % Change in price Burbank-Oakland route PED= 120.68% =- 2.51 48% Kansas City-St. Louis route PED= 50.0% = 0.714 70.0% Q2) The above calculated price elasticity applies for the entire industry operating these routes. It does not specifically represent the price elasticity of Southwest Airlines because the values considered for the calculation are for the entire industry. This includes Southwest as well as its competitors. Q3) The Burbank-Oakland route has a high price elasticity of demand which means that the demand is price sensitive. The implication for the price setters is that these airlines should reduce the price of this route a little bit because this increases the demand by a great deal and increases the profitability. On the other hand, it must be kept in mind that the demand will decrease rapidly if the price of this route increases even by a little bit. If the price increases, then it will lower the demand by a large ratio and this will reduce the profits earned. Therefore this high price elasticity of demand can have very crucial implications for Southwest. (AmosWEB) Q4) Although the Kansas City-St. Louis route shows positive price elasticity, it may still prove to be profitable for Southwest to reduce their price. When a company reduces their prices or fares their market share increases and this often results in a long term profit. When Southwest will have a greater market share, they can change the prices according to their strategy. Also, although the price elasticity is positive, it is not at a high level and thus lowering the prices and making small short term losses is not a bad deal if it means increasing market share. Case study 5.1: Microso ft – increasing or diminishing returns? Q1) It is unlikely that a firm is experiencing increasing and diminishing return