technology generated by a production function f(x) = x2 . The production set is Y = {(y‚ −x) : y ≤ x2 } which is certainly not convex‚ but the input re√ quirement set is V (y) = {x : x ≥ y} which is a convex set. 1.2 It doesn’t change. 1.3 1 = a and 2 = b. 1.4 Let y(t) = f(tx). Then dy = dt so that 1 dy 1 = y dt f(x) 1.5 Substitute txi for i = 1‚ 2 to get f(tx1 ‚ tx2 ) = [(tx1 )ρ + (tx2 )ρ ] ρ = t[xρ + xρ ] ρ = tf(x1 ‚ x2 ). 1 2 This implies that the CES function exhibits constant returns to
Premium Utility Supply and demand Economics
How do the theories proposed in your chosen reading inform your understanding of contemporary management functions and the employer-employee relationship? The Purpose of this essay is to determine how scientific management impacts contemporary management functions and the employer-employee relationship. This essay is based on the journal article [Locke‚E (1982)The Ideas of Fredrick W Taylor: An Evaluation‚ Academy Management review‚7(11)‚pp.14-24] and is regarding scientific management started
Premium Management Employment Frederick Winslow Taylor
Brain Structures and Functions Viviana N. Reyes ESE370: Learning & the Brain (CXI1409A) Instructor: Charisse Jones March 9‚ 2014 Brain Structures and Functions Many are fascinated by the brain and its functions. Our brain is composed of different units and lobes that work together but each part‚ of course‚ has a special function. We all ask ourselves‚ how is it that we learn? Do our senses have anything to do with getting new information into our brain? Technology
Premium Cerebrum Frontal lobe Brain
Roles and Functions of Law Laws play an important role in the everyday functions of life‚ not only at a personally level but in business and society as well. The laws of personal function include but are not limited to‚ waking up‚ and preparing meals‚ taking care of children/family‚ working‚ resting and repeating. From a religious stand point personal laws are morals and values‚ taught and instilled throughout customs and traditions‚ set forth by God in the Ten Commandments. The laws of business
Premium Law Administrative law
bacteria and manufacturing many of their own proteins. The fact that both the organelles reproduce by binary fission can also be mentioned. Besides the similarities between the two organelles‚ notable differences are present in their structure and function that could be stated as follows: Chloroplasts and mitochondria both have number of different membranes where most of the energy conversion reactions take place. But there are some membranes in the chloroplast that contain some crucial components
Premium Eukaryote Cell Organelle
several different chromosomes‚ the human genome‚ contains more than 200 clustered copies of the rRNA genes on five different chromosomes 13‚ 14‚ 15‚ 21‚ 22. Chromosomes also contain DNA-bound proteins‚ which serve to package the DNA and control its functions. During the G1 stage of the cellular cycle‚ all chromosomes must replicate themselves ready for mitosis. During the early stages of G1 each chromosome bearing rDNA repeat forms its very own NOR. The NOR have the ability to fuse together and form
Premium DNA Protein Cell
Role and Function of Law Paper Andrew Urey LAW/421 July 10‚ 2013 Winifred Cannon Role and Function of Law Paper In society as well as a business‚ law plays a significant role in their daily operation. For a society to be efficient and effective‚ laws have to be put into place to regulate social behavior. This paper intent is to define the functions and role of law in business and society. Finally‚ an example of how law is observed in the United States Navy will be elaborated upon.
Premium Law Common law Contract
Bismarck was crucial in the process of unifying Germany‚ but his diplomatic skills and achievements certainly were not a sole contributing factor. As A.J.P. Taylor comments‚ “Bismarck’s greatness lay not in mastering events‚ but in going with events so as to seem to master them.” In other words‚ Bismarck managed to identify favorable circumstances and take advantage of them — there was already some economic unity in the Zollverein‚ a growing German identity and a strong army. His main goals were
Free Otto von Bismarck German Empire Germany
the constraint that vL+rK=C. Note that maximizing a monotonically increasing function of a variable is equivalent to maximizing the variable itself. Therefore ln(Q)=(2/3)ln(L)+(1/3)ln(K)‚ a more convenient expression‚ is the same as maximizing Q. Therefore the objective function for the optimization problem is ln(Q)=(2/3)ln(L)+(1/3)ln(K). Step 1: Form the Langrangian function by subtracting from the objective function a multiple of the difference between the cost of the resources and the budget
Premium Optimization Derivative Function
The Roles and Functions of Law LAW/421 September 9‚ 2012 The Roles and Functions of Law The longest serving Supreme Court Judge William O Douglas most popular quotations is “Common sense frequently makes great law” This quote is what laws are rules and regulations that make common sense is‚ and to enforced ethical decision. Laws help the public as well as keep many parts in community. In business and society laws serve several roles and functions‚ and this paper will discuss those roles and
Premium Law