Production-possibility frontier In economics‚ a production-possibility frontier (PPF) or “transformation curve” is a graph that shows the different quantities of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points along the curve describe the trade-off between the two goods‚ that is‚ the opportunity cost. Opportunity cost here measures how much an additional unit of one good costs in units forgone of the other good. The curve illustrates that
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Space is the final frontier 1. space: -outer space = region beyond earth 2. final: -last‚ ultimate‚ no more frontier beyond this 3. frontier: -an outer limit‚ especially one in which the opportunities for research and development have not been exploited 4. History of space exploration: simple overview of western countries – http://www.spacekids.co.uk/spacehistory/ includes China’s endeavors – http://en.wikipedia.org/wiki/Timeline_of_space_exploration 5. Can space be considered an unexplored
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Double Consciousness: An Explanation in Terms of Simmel and Mead Dr. Muhammed Asadi SOAN 360- Sociological Theory The term double consciousness‚ simply put‚ refers to the psychological challenge of reconciling an African heritage with a European upbringing and education. Similarly‚ the term the veil refers to the physical and metaphysical differences between blacks and whites. These expressions originated from an Atlantic Monthly article by W. E. B. Du Bois called “Strivings of the Negro People
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SEXUAL DOUBLE STANDARD . Society is known to treat men and women differently despite the equality that is supposed to exist between the sexes. While sexism and gender sensitivity was at its worst during the early eras‚ it still exists nowadays because of what is known as the double standard mentality. In the poem ‘Double Standard’ Harper presents various examples of this double standard mentality that exists in the late 1800’s. The poem focuses on sexual double standard which is more appropriately
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Question 2 Show the PPF curve under decreasing and increasing returns to labour. The Production possibility frontier analyses the most efficient use of company resources to achieve different levels of production of output. Labour is one of the variables factors of production. One unique feature of the PPF is that one alternative is usually foregone in order to maximize the production of another product‚ for example‚ in a refinery a manager may decide to deploy more human resources to produce
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of the American frontier. Its symbolic meaning created such moral‚ ethical‚ and emotional values in American that it paved the way for a country that would grow from an East Coast settlement‚ to a coast-to-coast nation of progress. One of the most famous stories in frontier mythology is that of Paul Bunyan. Although Bunyan’s stories didn’t appear on paper until the early twentieth century‚ his stories were passed down by word of mouth telling the tale of the “Last of the Frontier Demigods.” “Paul
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Frontier Cities‚ Encounters at the Crossroads of Empire‚ In the book Frontier Cities‚ Encounters at the Crossroads of Empire‚ the authors debate the myriad ways in which cities‚ in the United States‚ and worldwide‚ functioned as crossroads of Empires. This book utilizes other sources‚ such as Richard C. Wade’s The Urban Frontier: The Rise of Western Cities‚ 1790–1830 (Urbana‚ 1959)‚ to posit that cities were central to the formation of frontiers. The book also theorizes that frontier cities
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the Production Possibility Frontier is simple to understand. It is a method used to represent (in the form of a graph) the point in which an economy is producing its goods and services with efficiency. It also shows whether the economy is allocating their resources in the best way possible. If the economy is not producing the quantities indicated by the PPF‚ resources are not being managed efficiently and the production will decrease. The production possibility frontier also shows that a limit to
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along the American frontier? What Turner wants to point out here is that the American West is the most important feature of American history‚ and of the development of its society. He refers several times to a process of “Americanization” and we will see that the definition he gives of it is a very peculiar one. He gives a definition of the frontier: “it lies at the hither edge of free land”‚ meaning that he considers the Indian territory to be free land. According to him the frontier is the “meeting
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Problem Statement Frontier Printers is lacking strategic human resource objectives that are necessary to address the organizational growth and incorporate changing technological trends. As a result they are at risk of not being able to attract/retain valuable employees and could face potential legal litigation. Critical Facts Frontier Printers is a small-family business and has seen a 50% growth in the number of employees in the last three years. The departure of the press operator and the driver
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