It is defined as a curve that illustrates the possibility of producing two goods or services within a specified time with all the resources given such as (labour‚ land‚ capital and the technical knowledge). As we can see‚ here is an example of how the (PPC) looks like‚ a graph that compares between the productions rates of thetwo goods or services by mapping the production of one good on the x-axis and the production of the other good on the y-axis. It also illustrates the highest level of production
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lead us? Many sci-fi movies in in the past‚ depict the futuristic details of mankind living in the world with flying vehicles. According to the movie "Back To The Future 2"‚ we should be able to produce and and use flying automobiles‚ hovering skateboards and the ability transport through time by the year 2015. In our case in the year 2011‚ that probability does’nt seem too likely. The problem is not only the production of such types to create a faster‚ sleaker‚ or more efficient transport vehicle
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level of consumption and the causal factors influencing consumption (such as instance income‚ tastes‚ price and price of substitutes). Recreation (in the case of the article ‘Countryside recreation provision in England: exploring a demand-led approach’ (Curry‚ N. Ravenscroft‚ N. 2000)) is normally free at the time of consumption so as a result of no price being present to relate to consumption‚ no clear demand relationship can be directly established. Because of this nature of recreation‚ alternative
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CASE STUDY: critical success factors and performance indicators for a services company Financial Success Factor Improved cash flow Suggested PI %of those paying cash up front %of new projects where payment up front received Timing of billing on milestones e.g. if 5 days late result would be + 5 days etc. %of customer balance to fees No. of projects with all progress payments paid Costs of lost bids vs. costs of won bids %of successful bids %of successful bids a project group gets Number of customers
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output will require an increase in the quantity of factor inputs which will lead to an increase in costs. The theory of cost is the study of how the cost of production changes as the output level changes. This chapter gives an exposition of the theory of cost. 2 2.1 SHORT-RUN THEORY OF COST Distinction between fixed costs and variable costs Fixed costs are costs that do not vary with the output level as they are associated with fixed factor inputs. In other words‚ an increase in the output
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Marjorie Wechsler October 15 2012 Many factors contributed to the origins and rise of Nazism and the ability of the party to consolidate its power once it was in office. These span from the political happenings which were present in Germany at the time to the more psychological factors which affected the people of Germany. It is impossible to pinpoint exactly one factor which caused the rise of the Nazi party‚ instead a variety of different factors‚ which include Germany’s state after the peace
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trying to explain is that the underlying problem is social factors. Social factors include‚ race‚ gender‚ ethnicity and etc. They are things that one cannot control. The fundamental cause is a way for people to get the help they need in order to avoid getting sick or being in debt. As a whole the authors try to implicate the idea that fundamental causes are necessary because it’s what connects us to what we need but‚ because we have social factors that can either be a negative or positive thing for one
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Davies (2011) defines risk factors as influences from within the environment that increase the possibility of negative future outcomes for children. It was explained that there are three types of risk factors. The first one is the child being exposed to vulnerabilities such as mental disabilities or chronic illness. The second one is impaired parenting and the third one was socioeconomic and institutional status. From the film‚ Walter has had to experience all three risk factors. The first being born
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Racial and socioeconomic factors‚ however‚ are not independent of each other‚ as we have seen. Minorities‚ and in this paper I discuss African Americans mostly‚ have less access to jobs and education‚ thereby reducing their access to adequate or good health insurance‚ which then limits the type and amount of health care they can receive. Additionally‚ as we discussed in class‚ individuals classified as minorities have less opportunities than the White majority in part‚ at the very least‚ due to racial
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Factors That Affect Learning All children matter‚ regardless of their background. It is important that every child can fulfil its true potential‚ however there are factors that can affect a child’s learning to stop this. This essay will discuss the importance of emotional intelligence and how it positively affects a child’s learning and social class with its negative affect on education and solutions to combat it so deprived children have better opportunities in school. Social class has a major
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