rms signals the marginal benefi t of consumers in the market. If the price consumers pay for a product is greater than the marginal cost to fi rms of producing it‚ then the message being sent to producers is that more output is demanded. In the pursuit of profi ts‚ more resources will be allocated towards the production of the product until the marginal cost and the price are equal. At the P=MC point fi rms maximize their profi ts and resources are said to be effi ciently allocated. Figure:------
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Organisational structure is an on-going management task. How does organisational structure affect human behaviour in organisations? Every organisation‚ small or big‚ in every business branches‚ has got less or more complicated structure. Usually it is an Owner‚ one or few top level or general managers‚ few lower levels managers and then personnel. In small organisations‚ usually resources are limited. In bigger organisations structure is more complex. However‚ no matter what kind of structure is in organization
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The 44th president of the United States of America said‚ “We should raise the minimum wage so that no one who works full time has to live in poverty.” For those who do not know what minimum wage is‚ it is the lowest wage sanctioned by law or by a special arrangement. In the United States‚ the minimum wage is $7.25 per hour. According to BLS Reports‚ in 2014 77.2 million people at the ages of 16 and older were paid at hourly rates. Out of those 77.2 million‚ 1.3 million received the minimum wage‚
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How can science be applied to reduce air pollution? Air pollution is the addition of any harmful substances (dust particles‚ fumes or odour) to the atmosphere‚ which causes the damaging of the environment‚ humans‚ animals and plant. Air pollution can result from both human and natural actions. Natural events that pollute the air include wind erosion‚ volcanic eruptions‚ forest fires‚ and natural radioactivity. Pollution from natural occurrences are not very often. Human activities that result
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Nowadays‚ unemployment in the Philippines has worsened. Unemployment is the condition of a person who is able to work‚ is actively seeking work‚ but is unable to find any. Others lost hope and all they want to do is stay at home and do nothing. However giving up is not an option today‚ because nothing better will happen if we do so. Since graduation is fast approaching‚ we are about to free the challenge of finding a suitable course in college. Here are few points to remember before making a decision
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“In 1888 Du Bois enrolled at Harvard as a junior. He received a B.A. cum laude‚ in 1890‚ an M.A. in 1891‚ and a Ph.D.” ( Holt‚ Thomas C) In 1896 he was invited by the University of Pennsylvania to conduct a study of the seventh ward in Philadelphia. Thereafter an estimated 835 hours of door-to-door interviews in 2‚500 households‚ Du Bois completed the monumental study‚ The Philadelphia Negro (1899). The Philadelphia study was both highly empirical and hortatory‚ a combination that prefigured much
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our class‚ we listened to two of his speeches in titled‚ “How to Raise a Black Son in America” and “The Danger of silence”. Based on these two speeches he gave examples on racism‚ discrimination‚ and how it has affect our society and the effects it has when you do nothing about it. The overall message of “How to Raise a Black Son in America” was to tell people that is was like growing up as an African American boy. He told the audience how his parents taught him that just because you look a certain
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not all cost and revenue data is relevant. The cost data relevant for decision-making is referred to as relevant costs and that which is not useful for decision-making is non-relevant costs. On the revenue side‚ the only relevant revenue is the incremental & differential revenue. Relevant and Non-Relevant Costs: 1. Future Costs and Sunk Costs (IR): A future cost is that cost yet to be incurred and since the decision is in the future‚ future costs are relevant. A sunk cost is a historical
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Raise the Red Lantern is a movie that kidnaps you to a foreign place and immerses you completely with new traditions. The story follows young Songhian whom is forced by her mother to get married to a rich man. In his household‚ she becomes the Forth Mistress‚ and the youngest among her husband’s wives. Songhian and the audience quickly learn the rules of the Master’s beautifully designed compound‚ whichever wife the Master currently favors is graced by his attention‚ lavish foot massages‚ and many
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Introduction In this experiment‚ we will be figuring out how much does 80 degree celsius water reduce in temperature in 15 minutes‚ using different materials to insulate the heat. The five materials that will be tested are: Aluminium foil‚ plastic wrap‚ newspaper‚ felt‚ and bubble wrap. Aluminium foil is a reflective material; this means that it bounces the thermal energy back to the foiled object. It also absorbs the heat. Not only does it stop heat loss‚ but Aluminium foil is also useful for
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