Analyze‚ with the aid of a diagram‚ whether there is link between diminishing returns and economies of scale. (12) Variable factor is an input whose quantity can be changed in the time period consideration. Fixed factor is a production input factor that cannot change quantities during a certain time period. Short run is where at least one factor is fixed‚ usually capital. Long run is where all factors are variable Marginal product (MP) is the extra output from hiring an additional unit of
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DELINQUENCY IN TERMS OF HIRSCHI”S SOCIAL BONDING THEORY‚ WITH SPECIAL REFERENCE TO THE CASE STUDY Table of Contents Content Introduction Overview of Travis Hirschi’s Social Bond Theory Applying Hirschi’s Social Bonding Theory to the Case of Susan Fryberg Critique of Self-Control Theory Summary Conclusion References Introduction In this assignment I will try to explain juvenile delinquency in terms of Hirschi’s social bonding theory‚ with special reference
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Book review of “Farewell My Concubine” I used to enjoy the movie “Farewell My Concubine”‚ each time I enjoy it‚ there comes a different feel to me. I’m really touched and shocked by the performance of Leslie Cheung in the film‚ Then I decided to read the original that is written by Lilian Lee to known more about this era and more about human nature. The story happened in the historical backdrop of a country in upheaval. Usually‚ such tough time can bring us more unusual stories. First‚ I want
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Compare the ways poets present the breakdown of a relationship in ‘Quick draw’ and one other problem from Relationships. ‘Quick draw’ is about the breakdown of a relationship. It explores the effects of love turned sour‚ breakdown of communication and the impact of modern technology (mobiles‚ texts) on relationships. In this poem‚ the relationship is more like a battle and the poem (like a quick draw from Wild West movies) is a painful gunfight of words which takes place over the phone. The Manhunt
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Introduction Motivation of employees at work is a subject widely discussed by human resources practioners. A plethora of potential benefits and importance of motivation in an organisation have been laid out and theories have often been used to vividly explain motivation. As such it is the aim of this essay to explain why it is important to motivate employees in an organisation with reference to Maslow’s Hierarchy of needs and McGregor’s theory X and Y of motivation. Definition of terms Motivation
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Class diagram extraction from textual requirements using Natural language processing (NLP) techniques Abstract The automation of class generation from natural language requirements is highly challenging. This paper proposes a method and a tool to facilitate requirements analysis process and class diagram extraction from textual requirements using natural language processing NLP and Domain Ontology techniques. Requirements engineers analyze requirements manually to come out with analysis
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the cold pipe‚ it seemed hot. However to the hand that had been on the hot pipe it seemed cold. Even though I knew that the center pipe was at a lukewarm temperature‚ my senses were telling me otherwise. To what extent should we value information we draw from our senses? Much of our knowledge of the world is gained through our senses of sight‚ hearing‚ touch and so on. Our information base is built from our use of sensory observations to learn a range of new material. With the inventions of telescopes
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Show on a diagram how a monopoly firm will make supernormal profits by restricting output. Discuss how the theory of contestable markets could impact on the price and output of a monopoly. Neo-classical theory defines monopoly as a market structure where one dominant firm supplies most or all output in the industry without facing competition because of high barriers to entry to the industry. The monopolist is a short run profit maximiser and due to the demand under a monopoly being moderately
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Week 2 Assignment – Part 1&2 – Diagram and Case Scenario Paper HIS/311 July 8‚ 2014 Instructor: Separation of Powers Diagram The executive (presidency Branch) prImary roleS ENTREATIES NEW LAWS Runs government rEPRESENTS: POWER TO PUT LAWS INTO ACTION. The executive (presidency Branch) prImary roleS ENTREATIES NEW LAWS Runs government rEPRESENTS: POWER TO PUT LAWS INTO ACTION. THE JUDICIARY (SUPREME COURT BRANCH) PRIMARY ROLES UPHOLD THE LAW‚ THE CONSTITUTION
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MICRO-ECONOMICS ASSIGNMENT Q(1) Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples. Ans. The law of diminishing returns is also called the law of variable proportion‚ as the proportions of each factor of production employed keep changing as more of one factor is added. The law of diminishing returns does not imply that adding more of a factor will decrease the total production‚ a condition
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