Competition: 1. I disagree with the statement. In the short run‚ the firm has to remain in the industry and it will continue to operate if P > AVC. In this way it will be minimising its losses. If P < AVC it would shut down which means the firm is facing loss‚ so it will not continue operating so it will shut down. However‚ at the end of the short run‚ i.e. in the long run‚ if the market situation has not changed and P > AVC‚ the firm may exit the industry because the profit should be equal to ATC.
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Use the Internet to research five companies you would like to work for and list five reasons of why you would like to work for each company. Undercover Infiltration Many officers choose to gain access to the subject’s life by going undercover. The information acquired by an undercover agent can be the difference between an acquittal and a conviction‚ but‚ in many cases‚ undercover work has an adverse effect on the officer. When going undercover‚ officers integrate themselves into a criminal lifestyle
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EXERCISES FOR MICROECONOMICS TOPIC 1 Economics: An Introduction (Chapters 1 & 2 in the Textbook) EXPLAIN THE FOLLOWINGTERMS ◎ Average benefit ◎ Average cost ◎ Economic surplus ◎ Economics ◎ Microeconomics ◎ Macroeconomics ◎ Marginal benefit ◎ Marginal cost ◎ Normative economics ◎ Positive economics ◎ Rational person ◎ Sunk cost ◎ Opportunity cost ◎ Absolute advantage ◎ Comparative advantage ◎ Attainable point ◎ Unattainable point ◎ Efficient point ◎ Inefficient
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Fundamentals of Microeconomics In the world today product and services are both key to the survival of mankind. Depending on the demand from consumers‚ companies will see an increase or decrease of the items they produce or the service rendered. In the article of trends in US gasoline and ethanol use and petroleum production and imports these items will be looked at; as well as a discussion of the fundamentals of microeconomics. First‚ in order to understand what the fundamentals of microeconomics are
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yet been approved by the U.S. Food and Drug Administration. Since the FDA has not approved electronic cigarettes or what goes inside them‚ the FDA has no idea what companies are putting in electronic cigarettes or if it is even safe for users to be ingesting. These are newer devices and right now there is no information on how they will impact users in the future like if it could potentially cause cancer or other problems. There is also a major concern that electronic cigarettes are being used more
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Do people really die online‚ or do they live on forever? Joanne Harris’ short story‚ “Would you Like to Reconnect?”‚ follows the story of a mother who has just lost her son and although he is dead‚ his twitter account remains active and maintains communication with the mother. Because of the grieving and confused character of the mother‚ the weary‚ lonely mood of the story along with the repetition and symbol of the twitter notification‚ the story clearly conveys a theme of how social media can be
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家庭成员 Well‚ I would like to talk about my mom‚ She is an excellent excellent housewife who is very thoughtful and straightforward‚ sometimes she is a little nagging due to something trifling things‚ with age grows up‚ she is much better than before. Although she can do all kinds of housework‚ she require me to do something that I can do by myself in order to make me more independent in the future life. In terms of appearance‚ my mom is kind of average‚ she just looks like younger than any other
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What Would You Do? Scenario 1- Della the Delinquent Cat Lady As the president of the board of directors of the cat shelter‚ I am faced with rather or not Ms. Della should remain as part of the staff at the cat shelter. There are several problems that have been brought to my attention and I feel that now is the time to figure out exactly what should be done regarding the matter. After‚ evaluating the situation and giving it a great deal of consideration‚ I have come up several solutions to
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The president of the United States can issue executive orders to help officers and agencies of the executive branch manage the operations in the federal government. Executive orders have the full force of law when given authority from a legislative power. It’s power is also given directly to the Executive by the Constitution or when Acts of Congress delegate some degree of discretionary power‚ otherwise known as delegated legislation‚ to the President. Like legislative statutes and regulations given
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discussing the topic of genes‚ my teacher‚ Mr. Jibon Saha explained why we look similar to our parents and how genes flow from generation to generation. That day‚ for the first time‚ I found the real answer to my question “why do I look like my father?”. He also described the great phenomena of environments‚ how environments help us by providing all needs. All of his story and discussion sparked new thought and I found a real desire to do study Biological Science and gain more knowledge in this field
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