Business Economics Sole Supplier in Imdustry

Question: Describe about the Business Economics for Sole Supplier in Imdustry. Answer: Introduction: A monopolist is the sole supplier of the product in the industry. It regulates price. It either decides price or output. There is no supply curve in such kind of a market structure. It is in hands of the sole supplier to regulate how much output it wants to produce and sell it in the market. However, pricing of such products are guided by the fundamental MR-MC rule. That is, price is settled at a point where MR is maximal. Profit maximization is at that level of output where MR is equal to MC. Thus, corresponding price is the equilibrium price and corresponding output is the equilibrium quantity (Parkin,2013). Analysis: a). A seller would charge lower prices of its product only when he is aware that the price elasticity of the demand of its product is very high. In this case, the seller is very much aware of the fact that any downward movement in the price is very much likely to have a positive effect on the quantity demand. Moreover, due to the given downward sloping nature of the demand curve, it will be able to send more at a lower price and vice versa. It would continue to produce upto a point where MR=MC. Below diagram (left side) depicts the same scenario where the elasticity of demand is very high. A seller charges lower price and offers greater quantity. b). A monopolists seller would increase the price of its product when that there is no availability of any close substitute for the product it sells . This makes the demand for its product to be greatly inelastic. Hence, there will be a smaller reduction in the demand of the product on the account of the increase in the price. (Mankiw, 2007). Below diagram (right side) depicts the same scenario where the elasticity of demand is very low. A seller charges higher price and offers lesser quantity. Conclusion: Thus, price elasticity of demand plays a vital role in determining how much price or quantity would be offered to the buyer. Question 2). Introduction: ` A theory of comparative advantage states that there will be an overall rise in the economic welfare if both countries engage themselves in trade by trading and specializing in that commodity whose opportunity cost is low. Analysis: A statement that a country would flourish without trade is completely false. A country in isolation would be producing both goods- efficient as well as inefficient ones. However, if such country engages in trade, specializes in producing efficient commodity and imports a good where the cost of producing is relatively high, then it would produce more output and earn extra income. For example, France, in isolation would produce 29 units of both goods and China would produce 25 units of both goods. After entering into trade and specializing in the efficient commodity where the opportunity cost is low, both countries would produce more (Parkin,2013). For example, consider the following table where the opportunity cost for producing 1 unit of mobilephones is 1.9 units for France. For China, the opportunity cost for producing 1 unit of mobile phones is 1.08 units. Thus, China has comparative advantage in producing mobile phones because it has lower opportunity cost. France has comparative advantage in producing cheese due to lower opportunity cost. Mobile phones Cheese France 10 19 China 12 13 Total 22 32 Conclusion: Hence, because of the existence of the constant returns to scale, both countries specialize (France in cheese and China in Mobile phones) in producing a product which increases after specialization. That is, China will be producing 24 units of wine instead of total 22 units of production and France will now produce 38 units of cheese instead of 32 total units (Mankiw, 2007). References: Mankiw , G 2007,Economics: Principles and Applications, 4th edition South Western, Cengage Learning India Private Limited. Parkin, M 2013,Microeconomics, 11thedition, Prentice Hall.

Analysis on Ethan Frome Essay Example

Analysis on Ethan Frome Essay Example Analysis on Ethan Frome Paper Analysis on Ethan Frome Paper Essay Topic: Ethan Frome Sometimes our light goes out but is blown into flame by another human being. Each of us owes deepest thanks to those who have rekindled this light. Albert Schweitzer. Ethan Frome who takes care of his ill wife becomes very attracted with his wifes sister and must choose whether or not to express his feelings. Individual responsibility is the obstacle when dealing with ones free will. This will be shown by analyzing, Ethans choices of individual responsibility and free will. Ethan, from Starkfield New England is a poor farmer who is taking care of his ill wife Zeena. Zeena had always been what Starkfield had called sickly (pg 35). She suffered from asthma and other complications. People struggled for years with troubles, but they always succumbed to complications (pg 108. ) Ethan felt it was his obligation to take care of his ill wife as they had been married for seven years. When they married they agreed as soon as he could straighten out the difficulties, he would sell the farm and saw mill and try their luck in a large town (pg 71). It was believed that her sickness was derived from the effect of life on the farm, or perhaps, as she sometimes said, it was because Ethan never listened (pg 72). Due to this Ethan felt it was his responsibility to take care of his wife. Zeena had been trying hard to get help as she occasionally left town to seek medical assistance. Ethan had grown to dread these situations because of their cost (pg. 62). Zeena had always returned with expensive remedies that were promising but never ended up working. Ethan felt his commitment of marriage was enough for him to believe that it was possible for his wife to re-cooperate from her illness and return to a normal life. While Ethan was taking care of Zeena, it was suggested that they should acquire more assistance due to his wifes health. Mattie Silver came from Stamford, and when she entered the Fromes household to act as her cousin Zeenas aid it was thought best, as she came without pay (pg 32). Ethan had taken a liking to the girl from the first day (pg 32). Mattie took pressure and stress of Ethans workload and everyday chores and basically rekindled his spirit of love. It was a fact since Mattie Silvers coming he had taken to shaving every day (pg 39). They both had gained strong feelings for each other but did not want or feel it was right for them to be expressed. One day however when walking back home from the village Mattie stumbled on an unseen object and clutched onto Ethans sleeve to steady herself. The wave of warmth that went through him was like the prolongation of his vision. For the first he stole his arm about, and she did not resist (pg 50). From that point on the both of them became more fond of each other and showed their feelings more openly to each other. One day when Zeena left town for medical reasons Mattie had attempted to do something special for Ethan by preparing him a special meal. To be used in this special meal was Zeenas pickle dish, which was only used on special occasions. Sitting at dinner the cat had backed into pickle dish, which fell to the floor with a crash (pg 85). This can be seen as the couples dream falling to pieces and not being able to be repaired as the next night Zeena had returned and she ordered that Mattie leave as Zeena required someone with medical experience. When Ethan and Zeena confronted each other it was the first sign of open anger between the couple in the sad seven years together (pg 112). He could not picture himself living without Mattie and had to choose whether or not to stay with his wife or follow his heart and go with Mattie. Ethan could not exercise his free will and be with Mattie as his individual responsibility was dealing with that of Zeena which he felt he could not abandon. Ethan had always wanted the best for his wife Zeena but she would have to come to the realization that youre a poor mans wife (pg 114). It would be impossible for him to hire a trained medical aid as the funds just were not there. Ethan felt his free will was put to the test when Zeena had ordered that Mattie leave. Ethan than realized that he could not live with out her. The night when Ethan escorts Mattie to town to catch her train they think of the idea of leaving and going West. Ethan had always dreamed of the idea but came to the conclusion that he could not leave his ill wife. Im tied hand and foot, Matt. There isnt a thing that I can do (pg 158). Before they departed Ethan wanted to do one more thing Mattie and that was take her coasting or tobogganing. While tobogganing Ethan had came into confusion as a suicide pact was suggested as they went for their last turn down the hill. They were attempting to hit a huge Elm tree but right before they hit Ethan had suddenly seen his wifes face with twisted monstrous lineaments, thrust itself between him and his goal, and he made an instinctive movement to brush it aside (pg 170). which caused Ethan to just hit the tree ever so slightly not to kill them but to injure them severely. Ethans feels his individual responsibility to Zeena must be taken care of first before he can have any life with Mattie. It is important that ones individual responsibility is taking care of first before attempting to pursue ones free will as it will cause a major obstacles and conflicts if striving to make the both co-exist. Ethans problem of choosing who he loved could have been resolved if he stuck with his individual responsibility and helped his wife back to good health.

This essay is a short topic Hieroglyphic Symbols and their beginning and my personal experiences with them.

This essay is a short topic Hieroglyphic Symbols and their beginning and my personal experiences with them. Hieroglyphic Symbols BeginningIn 1996 I was stationed in Cairo, Egypt assigned to perform infectious disease research for the Middle East. While their, I had an opportunity to do some research on hieroglyphic symbols. My research shows where these symbols came from and the importance of this fascinating language; that is "Greek" to most people today.In the ancient times between 4000-30 B.C., the Egyptian Pharaohs were the most powerful people in existence. Although they had sophisticated methods for building and irrigation, one area that they lagged in sophistication was the basic form they used for writing their language. The ancient Egyptians used hieroglyphic symbols that were often expressed through pictographs that are stylized pictures used to express words and subjects.The use of pictographs was a very primitive form of communication that took lots of time and energy to inscribe. They did not describe the subject in great detail whereas in the English language you can describe the subject in great detail with little or no effort.The Pyramid of Khafre and the Great Sphinx of Giza...When using pictographs the Egyptians didn't use connectives, adjectives, verbs, or nouns. They would simply sketch a series of pictures in reference to the subject that they were addressing. Also when using pictographs it leaves most of the interpretation of the writings up to the reader's imagination, therefore often not accurately describing and communicating the findings or ideas to the author.Using the writing system in the English language a person is able to tell the reader exactly what you're writing about and do so in great detail. In our current system of writing we use a series of twenty-six letters; six of the letters are vowels and the rest are consonants. We arrange these letters in different sequences to create many different expressive words such as nouns, verbs, adjectives, and pronouns.

The Energy Crisis in 2050, Global Warming, Renewable Sources of Energy Essay

The Energy Crisis in 2050, Global Warming, Renewable Sources of Energy and Types of Geothermal Energy - Essay Example The researcher states that the crisis determines their survival, collapse or fate of prosperity. Some of the most respected economic, social and political setups have been twisted on their heads. In a sense, entrepreneurship is still the leading economic model. It is now, however, growing radically in response to resource scarcity, demographic trends, ecological impacts, technology plus a host of other reasons. The continuous consumer tradition that was widespread all of the first world has all but fallen. It is now reinstated by the people’s societal need to preserve resources. Although there are still several wealthy individuals around, money is concentrated in the lessening higher class of people. By 2050, customary free-market entrepreneurship is mostly viewed as a wrecked system. In an environmental view, carbon discharges from previous decades remain kept away in storage tanks because of the high carbon tax. This belated reaction will persist to change climate stability and weather patterns, as will the constant destruction of the earth's rainforests, some of which are transitioning from carbon sinks to carbon sources. Almost half of the Amazon rainforest has been destroyed. Global warming refers to the increasing normal temperature of the land and oceans as from the late 19th century as well as its estimated prolongation. As from the early 20th century, the earth standard ground temperature has gone up by about 0.8 Â °C (1.4 Â °F). This is with two-thirds of the growth happening since 1980. Warming of the atmosphere is clear. Scientists are more than 80% sure that nearly all of it is attributable to increasing concentrations of greenhouse gases produced by human actions. Such actions are the burning of fossil fuels and deforestation. These findings are documented by the National Science Academies located in all leading industrialized countries.

Legislative and Executive Branches Assignment Example | Topics and Well Written Essays - 250 words

Legislative and Executive Branches - Assignment Example â€Å"the executive action that would offer real legal status to the immediate family of US citizens and permanent residents.†2 The senator has argued that the Senate Republicans should focus on revoking the 2014 order and allow the 2012 plan to remain intact. On the other hand, the Presidency has drawn a red line on the two executive actions by warning that the President will veto any legislation sent to him that seeks to topple the orders. The tussle over the executive order is taking place on a legislation to finance the Department of Homeland Security whose funding ends on February 27.3 I think President Obama needs to consult the Republicans on the issue of the executive actions. The issue of immigrants affects every American and it is a matter of national importance. Both the Republicans and the Democrats need to sit on a negotiation table and make a way forward on how to tackle the issue of immigrants. There are very many illegal immigrants in America who found themselves in the country because of their parents’ choice and circumstances. The negotiators must balance the rights of the migrants and the interest of the

African Moral Values Can Complement Christian Moral Values Religion Essay

African Moral Values Can Complement Christian Moral Values Religion Essay Moral values can be said to be the ideals of good and evil, which oversees a persons deeds and choices. Individuals morals can be drawn from society and government, from religious conviction, or self. Moral values can also be defined as generally accepted, empathetic, caring, Christ-like philosophy. The bible states that good moral values can be observed in the ideology and manner of behavior taught by Jesus. It seems just to tie the definition of moral values to what is right and what is wrong conduct held by individuals. II. Morality Morality denotes a coordination of behavior that distinguishes intent, choices, and events between those that are right or wrong. Immorality is the reverse of morality. III. African Moral Values According to Mbiti (1990), the African is notoriously and incurably religious. Hence a conclusion can be drawn that African morals are elaborately entwined with culture (African) which is greatly dosed with spiritual beliefs. Consequently in order to comprehend the African moral values, an outline of African religion and culture is necessary. IV. African culture overview Culture refers to the following ways of life, including but not limited to: Language; Art and Sciences Thought Spirituality Social activity Interaction a) Religion African Traditional Religion (ATR) has proved to be extremely complex to define. There is no single easy and accurate definition to explain it. Sadly, many writers have misunderstood ATR by attempting to define it under deceptive terms such as magic, superstitions, primitive religion, paganism etc. The struggle to describe ATR seems to come from the fact that its propagation is carried out by living it other than preaching it. Its supporters are more preoccupied with its practice than with its theory. ATR influence wraps all aspects of life, from before the birth of a person to long after s/he has passed away. It is a way of life and life is at its core. Thus comments such as: For the African, religion is factually life and life is religion. Mbiti offers a summary of where to search for and locate ATR: belief and customs; rituals, ceremonies and festivals; shrines, sacred places and religious objects; art and symbols; names of people and places; music and dance; myths and legends; pr overbs, riddles and wise sayings. The beliefs and practices of ATR are based upon the faith of the old native people (Ancestors). This is the reason why it is said to be traditional in contrast to other religions, e.g. Christianity and Islam, which are considered as foreign since their dogma and practices came from outside of Africa. There has been considerable awareness of the dialogue between Christian and African Religion. This has been made possible through ways such as bible translation. African moral values can complement Christian moral values through the spirit of interreligious tolerance, dialogue and mutual respect. Also, Christian spirituality is greatly shaped by spirituality of African religion. Praying unites Africans and Europeans (West) at a spiritual level. b) The Supernatural in Indigenous African Religions Intellectuals who study religion in Africa inform us that every African society have a belief in God. Some African religions have faith in one supreme God who formed the world and all that is in the world. Other African religions have faith in more than one God; nevertheless even in these religions, typically one of the Gods is said to be the supreme God who created the world. The way God is seen in most African religions is both alike and dissimilar than the way monotheistic religions characterize God for example Christianity. It teaches that there exists only one God. African religion can complement Christian moral values by sharing concepts about God for example; God maintains creation, God is the creator of everything, God provides for and guards creation, God is omnipotent and omniscient, God supports fairness. The supernatural is also significant to African religious belief. Spirits exists between an all- powerful God and humans. Spirits in African religious traditions share a number of characteristics with angels in the Christian traditions. Good spirits assist in shielding against ill health and misfortune and aid humans by offering rain required for crops as well as animals used for food. On the other hand, not all spirits are good. Some are viewed as evil and are thought to be the responsible for illness, and other. c) Sense of community One African proverb puts across the African sense of community. It says Go the way that many people go; if you go alone, you will have reason to lament. The African thought of security and its value depends on personal identification with and inside the community. For that reason, the authentic African is identified and known, by and through his community. The community is the guardian of the individual; therefore we must go where the community goes. In another meaning, the community offers the African the psychological and decisive security as it gives its members both physical and ideological identity. It must be mentioned that in the African way of thinking, the community as an entity remains, while persons, come and go. As a result, the Africans stress community life and communalism as a living principle of which the fundamental ideology is community-identity. Its goal is to produce and present an individual as a community-culture bearer. Culture is a community asset and must the refore be community-protected. In addition, the individual in an African community is under the clans care. His individuality is not given emphasis at the expense of his community identity. This is the reason why individualism, as a dogma and code of life, is not encouraged in Africa. The social principles spelt out above are expression of African humanism. According to Lambo (127), the African man is first and foremost a member of his family, the extended family, the community and his society in that order before being an individual. Compared to the Wests individualism, the African man has a social and communal nature. The African culture can complement with the Western culture by integrating individualism with the communal nature of life. d) Sense of Hospitality Sense of hospitality is innately crucial in the present survival of African values. At all times, there is always unprompted welcome and accommodation to unfamiliar persons and visitors. Africans effortlessly incorporate strangers and offer them lands to settle hoping that they would leave one day, and the land would be returned to the owner. This is usually carried out with the conviction that one will never opt out of his own community. Unlike the West, no appointment and special invitation are required for one to call on a distant family member or neighbor. On arrival, when there is food the visitor is invited to dine. He is handled kindly, just as one would want to be treated when visiting another home. Africans possess a symbolic way of showing welcome. This is done in a variety of ways for example; in forms of presentation of coconuts, kola nuts, traditional brew, groundnuts etc. in different communities. These are offered to demonstrate that he is welcome and safe. Onwubiko ha s observed that a guest must not harm his host and that when he departs, he should not develop a hunch back on the way home. (Onwubiko, 23). This social value can complement Christian moral values to enhance integrity among Africans. The bible says that we should love our neighbors as we love ourselves. By integrating these values into Christianity, uprightness is enhanced among Africans. V. Conclusion For there to be growth and development, African value system must be promoted by the leadership. Falling into or imitating Wstern values will only wreck humanity as they are strange to the philosophy of humanism which is the basis of the African value system.

The pool Doctor :: essays research papers

The Pool Doctor The Marketing plan of poll doctor is a little mixed one. Beside the marketing plan of the pool doctor, it is also concerned for the choice of chemicals he has to make as well. Before we begin with the marketing plan of the pool doctor, for reason of ease, I would like to segment the looking ahead section into two parts. The choice of chemical suppliers and the services and products to be offered with the companies marketing plan. As choice of chemicals in an internal procurement decision as well as it influences a major part of marketing strategy. As mentioned in the book, lets start with the first point of the marketing plan, defining the marketing challenge. In this section we need to focus on the marketing strategy in terms of current strategy is it well implemented or a new or modified strategy should be used to improve profitability. The marketing challenge. The marketing challenge facing Jeff is an interesting one. Let us look at the current marketing plan of the poll doctor. In the previous years Jeff had advertised using direct-mail advertising campaigns which had proved futile. Then Jeff tried to put adds in the two news papers, Winnipeg free press and the Jewish post. As we look at the â€Å"selected 1990 media cost† comparing the circulation of the two new paper except the Jewish post, the metro and Winnipeg free press, Jeff has taken a wise decision to advertise in free press because of it’s more circulation. Now as poll doctor wanted to expand it’s operation to St.Boniface and St. vital areas of Winnipeg Jeff should probably try advertising in the Lance, which covers both the areas. As the data provided in the advertising in incomplete, I can not predict in details amount of MAL rates would apply, but a equal amount of adds in Winnipeg Free press should be printed as business is more concentrated in these are as. In addition to direct-mail advertising program Jeff has almost stopped, instead it should be with Aristocrat mailing program and not on it’s own. But there is a need to change the look of the flyer and make it more professional. A sample flyer is included at the end of the plan. As we see the distribution of survey thirty percent of had heard about poll doctor from a friend, thirty percent from fliers, seventeen from Aristocrat and thirteen from Jewish post and rest by others means.