6.1a) A monopoly is facing the demand and marginal cost curves which is P = 12 - 0.002Q and MC = 3 + 0.001Q. When the demand curve is P = a- bQ‚ the marginal revenue curve will be MR = a- 2bQ ‚ therefore‚ MR = 12 - 0.004Q.(Refer to figure1) Figure 1 To maximize the profits‚ the company should produce at the output level where marginal revenue is equal to marginal cost. If the marginal revenue is higher than marginal cost‚ the firm can increase profit by producing more. If
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From Beatings to Tweets‚ Racism on the Rise in Greece The population of Greece is 11 million. Of this 11 million‚ 1 million are immigrants‚ many of which are illegal. There has been a recent uprising of violent attacks of racism due to the increasing number of immigrants in Greece. A party known as the “Golden Dawn” has been behind many of these attacks. They were also said to be behind a tweet prejudicially referring to the African immigrants of Greece. Forwarding this tweet‚ triple
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This was a very interesting post!! I am high school math teacher in an urban district and I think the students need a detox at the beginning of the year. I think the most frightening thing is how many students just “hate” school. I think educators in my school district have been lead to believe that we start teaching subject skills on day 1. We don’t always have the chance to get to know our students on day one except for their names and maybe their birthdates. I really appreciate the links to the
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Macy Dr. Long Composition I September 3‚ 2013 My Favorite Memory There are many memories throughout my nineteen years of life that are very special to me. Nevertheless‚ so far there is one memory I recall never failing to put a huge smile on my face. And that was Christmas. I have had many great holiday memories‚ however my favorite Christmas memory was my freshman year in high school. Traditionally‚ my family would travel during the holidays to Memphis‚ Tennessee to visit both sets of grandparents
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June 16th‚ 2013 During the summer of 2011 a few friends and I decided to go visit another mutual friend that resides in Philadelphia‚ Pennsylvania. This would be my first trip to Pennsylvania and we all wanted to make the most of it. We decided that we would do some site seeing and just enjoy the change of environment. On June 29th‚ 2011 we decided that we would start our day by going to breakfast and visiting Fairmont Park. While we were there‚ we went to visit Memorial Hall. My initial
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In this assignment I will be explaining how social organisation and relationships may affect the learning process and how to deal with the problems that may occur when supporting learning activities. Assessment criteria 3.2 Social organisation and relationships may affect the learning process in many different ways. In many subjects children will be set in groups according to their ability‚ this allows them to move forward with their learning and not to be held up by learners that may need
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Question No.1. The meaning of the term ‘marketing’ remains an area of confusion in the minds of many. As a marketing practitioner‚ explain the implications and the real meaning of marketing. Show how this can be distinguished from selling. The term marketing is easily misinterpreted by a lot of people no matter they possessed the professional knowledge or not. Business itself is nothing but an exchange‚ and obviously it’s an understanding marketing and selling is a part of business. Selling is a
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Event Industry Suppliers and Event Organisational Structures Since the beginning of time human beings had the need of having special events. First‚ they were made for cultural and celebration purposes‚ but their area increased continuously. Today‚ the events vary from personal celebrations to mega events‚ from voluntary events to private musical events‚ form cultural to sporting events. Shone and parry classify special events by purpose and these are: leisure events (sport‚ recreation‚ and
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Social Security Act (1935) With a dramatic increase in life expectancy and decreases in mortality rates‚ many old People live their later lives with chronic illnesses and disabilities. As a result‚ long-term care is becoming an important part of service to the elderly population. The US General Accounting Office (1994) reports that more than 12 million Americans need long-term care and 55% of them are people aged 65 or older (Binstock‚ Cluff‚ & Mering‚ 1996). Accordingly‚ the government
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2 April 2012 Character Sketch of a Person Ahmed is a young man who was born in Somalia in 1989‚ who grew up in Ethiopia and now he lives in Ethiopia. He studies in the department of information technology at Haramaya University which is one of the best universities in Ethiopia. He is a famous man and is known by everybody in his city. He is a tall and muscular man with black hair and blue black eyes. He usually dresses in red clothes‚ but sometimes he wears black. He is also athletic and plays
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