Explain how the law of diminishing returns and returns to scale affect a firm’s cost of production (20 Marks) The law of diminishing returns exist when increasing quantities of a variable input are combined with a fixed input‚ which eventually leads to the marginal product and the average product of that variable input will decline. Diminishing returns can affect a firms cost of production negatively in the short run. An example of this is that a business had 2 factors of production; Capital‚ which
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AmeriQuest Transportation Services Grows Financial Services Division Leasing Volume 20% Year Over Year (1888 PressRelease) AmeriQuest Transportation Services‚ a leading provider of fleet management services‚ today announced it grew its Financial Services Division Leasing volume by 20% in 2013. The 2013 volume of business was $157.9 million‚ up from $132.2 million the previous year. CHERRY HILL‚ NJ - By more effectively managing customers’ fleet asset lifecycles through its proprietary Total
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Assess the view that the Fiume Occupation was the most important consequence of The First War in the period 1915-20 The First World War did not a have a good impact on Italy. The reasons for this were many but the people of Italy blamed the liberal government at the time. The cost of war had been great and the Italian people had to deal with the aftermath and the many internal problems cause by the war. People in Italy started to doubt the liberal government and wonder whether going into the
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Essay Title: Outline the developments in mobile phone technology over the last 20 years and discuss whether the effects are positive or negative. In this world of science and technology‚ society has made much progress in the last 20 years. The mobile phone is a good example of this change. Mobile phones are now the most widespread communication device replacing fixed line phones‚ and their number is increasing dramatically every year. This essay will outline the major changes in mobile phone
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Over the past 20 years‚ commercial influences on scientific research have become increasingly detrimental. Discuss Undoubtedly‚ the links between commercial sectors and science have increased over the past two decades. Where universities and research institution used to be generally independent‚ increasing opportunities for short-term profits have led to more commercial pressure on these bodies. Despite the fact that there are some advantages of scientific development with funding from the private
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“20 Years after Dolly the Sheep Led the Way-Where Is Cloning Now?” by Karen Weintraub talks about the technology advances in cloning and how they can be used today. Weintraub discusses the benefits and dangers to cloning. Weintraub provides quotes from significant people throughout the article‚ in order to shed light on topic within cloning. She also provides information and opinions about each topic. Because of these factors Weintraub appears to be a credible unbiased author‚ that is capable of
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that enable management and control of vulnerability threats‚ today published a Vulnerability Update with the Top 20 vulnerable products for May‚ June and July. Copenhagen‚ Denmark‚ September 09‚ 2015 /PressReleasePing/ -Secunia‚ a leading provider of IT security solutions that enable management and control of vulnerability threats ‚ today published a Vulnerability Update with the Top 20 vulnerable products for May‚ June and July. The product with the most vulnerabilities over the three month period
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Examine the problems some sociologists may face when using different kinds of experiments in their research (20 Marks) To have control over variables and the environment they are researching‚ sociologists often use laboratory experiments in research. Lab experiments are used to test a hypothesis in a controlled environment‚ by altering an independent variable to see the dependant variable being tested changes. Positivists favour this method of research as it is a more scientific approach to research
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A Commentary on‚ and Partial Analysis of‚ Nietzsche’s Thus Spoke Zarathustra‚ Part 4‚ with Especial Reference to Discourses 11 to 20 Although Zarathustra gains his happiness before the ’Fourth and Final Part’ of Al Sprecht Zarathustra‚ that which he is most concerned with- his work‚ is still ahead of him in ’ The Temptation of Zarathustra: an Interlude’ (which Nietzsche viewed as the fourth part’s "proper title in view of what already transpired and what follows" in the text as we find it abridged
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Using material from Item A and elsewhere assess the contribution of functionalism to our understanding of the role of education (20 Marks) In this essay I am going to assess the role and purpose of education in society according to different sociologists. I will go through some sociological theories and evaluate their perspectives using material from Item A. I will then look at criticisms from different sociological theories‚ then I will draw up a conclusion to my analysis and evaluation. Functionalists
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