THE LAWS OF RETURN TO SCALE The laws of return to scale explain the behavior of output in response to a proportional and simultaneous change in input. Increase in inputs proportionately and simultaneously is in fact expansion of the scale of production. Statement: “As a firm in the long run increases the quantities of all factors employed‚ other things being equal‚ the output may rise initially at a more rapid rate than the rise of increase in inputs‚ then output may increase in the same proportion
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term limit legislation was actually proposed in 1994 in the “Citizen Legislature Act” proposal which was introduced by then Speaker of the House Newt Gingrich and other Republican leaders (Mullikin). Other than the aforementioned instance‚ term limitation related legislation has been proposed several other times‚ but was never actually voted for in either house of Congress. The simple problem with any type of restrictive legislation is that the people who are voting on the legislation are the ones
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time limit on prosecuting certain kinds of legal actions‚ including rape.The Statute of Limitations on rape varies throughout the United States‚ and in most cases‚ it takes time to catch the perpetrators of such heinous acts. Often‚ the time limit set by a state’s statute runs out‚ and a person can never get justice for the crime committed upon them. The 28th amendment should abolish the Statute of Limitations on rape throughout the United States so that the victims of these crimes will never have
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the (FAST)‚ but I think they should switch it because of the lower cost for patients‚ the accuracy capabilities‚ and has no limitations. The Computed Tomography(CT) is
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1. Compute the elasticities for each independent variable. Note: Write down all of your calculations. When P = 500‚ C = 600‚ I = 5500‚ A = 10000 and M = 5000‚ using regression equation‚ QD = -5200 - 42*500 + 20*600 + 5.2*5500 + 0.2*10000 + 0.25*5000 = 17650 Price elasticity = (P/Q)*(dQ/dP) From regression equation‚ dQ/dP = -42. So‚ price elasticity EP= (P/Q) * (-42) = (-42) * (500 / 17650) = -1.19 Likewise‚ EC = 20 * 600 / 17650 = 0.68 EI = 5.2 * 5500 / 17650 = 1.62
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Justin Simmons Corp Social Responsibility Looking back at the last three years there has only been one profitable quarter. It is too early to take on such a lucrative responsibility. It would be safer to wait two or three quarters to see exactly where we are financially and how much flexibility we have. Estimating that are next quarters are just like the last with a $2 million profit pre tax. The $500‚000 annual cost would be 6.25% of our total profits for the year. That is a low percentage but
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Liberty University Limitations of a Military Chaplain A paper submitted to Dr. Jim Fisher‚ PhD. In partial fulfillment of the Requirements for the course CHPL 600 Liberty Baptist Theological Seminary By Brian Harvey Lynchburg‚ Virginia Sunday‚ January 27‚ 2013 Introduction The fathers of the United States founded this nation on a principle of religious freedom‚ and it has since become the leading nation in peaceful pluralistic living. The United States Army is a direct reflection
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“Should Businesses Go Green” Recently‚ environmental issues have converted into a major concern on a global scope leading to economic instabilities; these issues range from preservation and energy use‚ to deforestation and water shortage. (Videen‚ 2011) As a result‚ a phenomenon that has appeared over 20 years‚ “Green Movement”‚ has become a center of the discussion. (Fok‚ 2012) The term “Green” became popular in the context of describing the environmental conscious company‚ which is concerned
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Task 1 ( Criteria 1.1 1.2 1.3 ) 1.1 Select a small business enterprise which is a private firm or a published-listed company based in Singapore‚ china or other countries. You are required to access to the following information and describe and present the business profile of the selected company‚ based on the following items A brief history of the business Based in the PRC‚ China Animal Healthcare Ltd. is principally engaged in the business of manufacturing‚ sale and distribution of animal
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Beck Hopelessness Scale General Information The Beck Hopelessness Scale (BHS) was developed by Aaron T. Beck and Robert A. Steer. First published in 1988 and revised in 1993‚ the BHS is a 20 item scale measuring pessimism and optimism. The instrument is designed to be self-administered‚ or verbally administered if necessary‚ to individuals between the ages of 17 and 80 years of age and takes approximately five to ten minutes for completion. Individual’s true/false answers provide evidence to
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