PGDM12F004‚ Class Serial No- 4. Economics Assignment- Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone
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couples do not. She meantioned that "One benefit is that a spouse may be representative of the other spouse if he or she is unable to speak for his or herself. For example‚ if a woman was in a terrible car accident and placed on life-support‚ her husband has the right to decide whether or not she should stay on life-support". Thus‚ the husband possesses the power of deciding when to end his wife’s life while consequently putting his spouse out of her misery (same sex marriage). In the artcle‚ "Fast facts:
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Hercule Poirot‚ private detective and retired Belgian police officer‚ boards the Taurus Express train to Stamboul (Istanbul). On the train there are two other passengers‚ Mary Debenham and Colonel Arbuthnot. The two act as if they are strangers‚ but Poirot observes behavior that suggests that they are not. Poirot is suspicious of the couple. The train arrives in Stamboul and Poirot checks in at the Tokatlian Hotel. As soon as Poirot arrives he receives a telegram summoning him back to London. While
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was an alarming manifestation of the intolerance and prejudice plaguing people anxious about the dizzying pace of social change in the 1920s. Stemming the Foreign Blood Isolationist Americans of the 1920s felt they had no use for immigrants. The "New Immigration" of the 1920s caused Congress to pass the Emergency Quota Act of 1921‚ restricting newcomers
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Fishbone analysis and pareto analysis would be important in this case study? 13) Prepare the Ishikawa and Pareto analysis for the company 14) Discuss the usefulness of applying shared values analysis i.e. McKinsey’s 7S for business combination? 15) Moving forward‚ prepare the strategy map for the company. Please justify your vision‚ mission and objectives 16) Discuss what are the factors that you need to consider from time to time in order to make the new entity remain competitive. 17) Elaborate
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of investment in creation maximizes daily profit at $371.33. b. Sheen would choose an effort level where the marginal benefit gained by the effort is equal to her marginal cost of expending the effort. To calculate the effort level‚ h‚ we equalize marginal cost and marginal benefit. Here (.8 * 50) / (2√h) = 10. Solving gives h = 4‚ or the same as the simulation. c. The optimal profit derived in this scenario is $371.33 per day‚ which is a $40 increase from the profit derived in problem #1‚ of $331
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socially‚ the Roaring Twenties were a heady time of rapid change‚ artistic innovation‚ and high-society antics. Popular culture roared to life as the economy boomed. New technologies‚ soaring business profits‚ and higher wages allowed more and more Americans to purchase a wide range of consumer goods. Prosperity also provided Americans with more leisure time‚ and as play soon became the national pastime‚ literature‚ film‚ and music caught up to document the times. The Second Industrial Revolution Much
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someone is risking their life to protect ours. Without them we would have no one to protect us from many things that have happened in the past such as wars‚ nuclear bombs and other harmful and mind blowing attacks that have taken place. They deserve a lot of appreciation which is why we have military appreciation month. Military appreciation month begins in November. What is military appreciation month? Military appreciation month is where you give back to families that have someone in the military
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working-class is 48%. This means in about 50 years‚ the marriage rates dropped 11 points in the middle-class and a mind-blowing 36% in the working-class. This decline in marriage rates has been perceived by some as a big problem. So what is the cause of this big 36% decline in working-class marriages? Well‚ some would argue that the working-class whites have a higher divorce rate because of the economic issues that this class goes through. In the working-class‚ there are low household incomes‚ low
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Express Yourself‚ But Don’t As human beings we all feel the need to express ourselves. Each one of us desires the ability to act as individuals‚ pursuing our own endeavors that lead our lives in different directions. No matter where we choose to take our lives‚ there will always be people who have differing opinions. How one man’s right way to expresses himself can be the wrong way to another. No one person can determine whether the means to express oneself is the right or wrong way. Society has
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