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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Experiment #1: Determination of the Solid-Liquid Phase Diagram for Napthalene-Biphenyl Using Thermal Analysis Objective To apply thermal analysis to the two-component system‚ naphthalene-biphenyl at atmospheric temperature. The analysis will be represented by a solid-liquid phase diagram (freezing point diagram). Theoretical Principles Phase Equilibria and the Gibbs Phase Rule This experiment is conducted in order to study a condensed system (solid-liquid) at constant temperature (atmospheric
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Is mixed-handedness more frequent among patients with schizophrenia than in the general population? – A meta-analysis Introduction The primary purpose of the present study is to examine the relationship between handedness and schizophrenia. I will approach the question by using meta-analytical techniques; testing the hypothesis that mixed-handedness is more frequent among schizophrenic patients then healthy subjects (controls). Firstly‚ background information within the frames of schizophrenia
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Draw yourself a Venn diagram and use it to note similarities and differences between the two characters‚ Hamlet and Agamemnon. Do this on your own now and complete it thoroughly. As part of your analysis‚ consider how the following elements of tragedy are used in each play. (Remember‚ this is what you learned in Lesson 1.) Aristotle’s four components of tragedy: It involves someone of higher standing. This protagonist makes an error in judgement. This error results in suffering for the person. This
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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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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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In 1997 the Bank of England was given independence over monetary policy in the UK. It was given the role of setting interest rates on a monthly basis for the purpose of achieving an inflation target of 2% (+/-1%) as measured by the CPI. The diagram above shows a short run aggregate supply curve and how an increase in interest rates may affect it. If the change is successful consumption‚ investment‚ and exports will decrease and imports will increase. This will result in the AD curve shifting
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ECON101: Macroeconomic Essentials for Business Assessment 1 Tutorial 7: Section A---Question 2 2. The economy is in a recession and there is a large recessionary gap. How does the government close the recessionary gap? Explain with diagram. The main ways that government uses to adjust economy are fiscal policy and monetary policy‚ but if the economy is in a recession‚ no matter how low interest rates are‚ people cannot be forced to borrow if they do not have confidence in the economy. Therefore
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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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