detailed map of Torrance and near places. Welcome to the Torrance google satellite map! This place is situated in Los Angeles County, California, United States, its geographical coordinates are 33Â° 50' 9 North, 118Â° 20' 23. West and its original name (with diacritics) is Torrance. See Torrance photos and images from satellite below, explore the aerial photographs of Torrance in United States.
Sample letter to customer for informing price rise. Sample letter to customer for informing price rise. We would like to inform you that from 1st may 2014, our company, Lorex, will be increasing the prices of some our products by 11%. This price hike is something which is just unavoidable. Due to the influence of many factors, we had to take this decision to survive in the industry.
In economics, the law of increasing costs is a principle that states that once all factors of production (land, labor, capital) are at maximum output and efficiency, producing more will cost more than average. As production increases, the opportunity cost does as well. The best way to look at this is to review an example of an economy that only produces two things - cars and oranges. If all the resources of the economy are put into producing only oranges, there will not be any factors of production available to produce cars.