LONG-RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION In the long run‚ a firm in the perfectly competitive market can earn only normal profit. So‚ the profit maximization under long run is: (1)Necessary condition P=LMR=LAR=LMC=LAC (2)Sufficient condition Slope of MC > Slope of MR We can establish this condition from the following analysis. In the above diagram for any market price OP1 the existing firms can earn supernormal profit as for the equilibrium output level OQ1. The average
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story is narrated by a young boy named Long‚ who illustrates this point. This point is further highlighted by the differences between the generational differences between a son and his parents. A common struggle among immigrants in a household is the gap between beliefs. Long finds himself at odds with his parents’ beliefs. Unlike his parents‚ he has long enjoyed activities‚ such as reading‚ comic books‚ while his parents grew up in a life around poverty. Long didn’t have to face the struggles‚
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Analyze a long call condor The long call condor is a volatility strategy which involves a combination of a short vertical call spread and a long vertical call spread. More specifically‚ the position requires the simultaneous sale of one out-of-the-money call and the purchase of a deeper out-of-the-money call‚ as well as the simultaneous sale of one in-the-money call and the purchase of a deeper in-the-money call. All of the options should have the same expiration date‚ with the play typically being
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Michael Mukuru Tumusiime Ms.Higgins US History‚ Period 7 23rd April 2013 The road to justice The road to justice has been and still is filled with a variety of obstacles; that include discrimination on sex‚ ethnicity‚ religion‚ age etc‚ that have troubled many in the past and present where the brave have intervened for belief of what is right and wrong. Yes‚ justice has been delayed but nevertheless we should open our eyes and notice that the end of the road is nearby. One of the major milestones
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Does Long-Distance Relationship ever Works? A relationship is said to be a connection‚ as in thought‚ concerning or regarding something or someone. Therefore a long-distance relationship (LDR) is similar to a normal relationship but differs in terms of geographic location of the couple; such location can range from 100-1000 miles‚ 100-3000 mile apart etc. Any dating or intimate relationship with so much distance between both parties is no doubt challenging‚ but that one of the things that comes
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44000nos Step 0 1 2 3 4 5 6 7 8 Action Prepare Team Describe Contain Diagnose Solve Validate Prevent Wrap Registered problem and Short Term Corrective Action in place in house. Long Term Corrective Action developed but not implemented. Long Term Corrective Action implemented. Monitoring/evaluating effectiveness. Long Term Corrective Action confirmed effective. Problem closed. 0 Prepare for Problem Solving Is an Emergency Response Action Needed? 1 Assemble Team - Team Goals: Team Objectives:
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Journal 1 A topic that is shown throughout A Long Way Gone is the desire to escape the war. Ishmael Beah had the want‚ the need‚ and the desire to escape the war that was happening in Sierra Leone. He had to escape those who turned on the country and became rebels. Running away became part of his life for many years until he join the soldiers. There he would fight for his country to escape from the cruelty the rebels were bringing to Sierra Leone. Ishmael was a very brave child to be constantly
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The Night of the Long Knives The Night of the Long Knives‚ in June 1934‚ saw the wiping out of the SA’s leadership and others who had angered Hitler in the recent past in Nazi Germany. Fearing that the paramilitary SA had become too powerful‚ Hitler ordered his elite SS guards to murder the organisation’s leaders‚ including Ernst Röhm. Also killed that night were hundreds of other perceived opponents of Hitler‚ including Kurt von Schleicher and Gregor Strasser. After this date‚ the SS lead
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A Long Way Gone Ishmael Beah was an innocent boy who enjoyed playing football‚ swimming in the streams‚ and even started a rap and dance group with his friends and older brother. The group discovered their love for rap music from old cassette tapes of O.P.P‚ Run D.M.C‚ and the Sugarhill Gang. Ishmael and Junior‚ along with their other friends cherished these few hip hop and rap cassette tapes. Ishmael constantly carried these couple tapes on him at all times. They choreographed dance routines
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God’s Long Summer The novel Siddhartha and God’s Long Summer both show commonalities of religion as being an important part in the main characters of both books. In God’s Long Summer‚ each of the main individual characters in the first four chapters like the character Siddhartha‚ all were consistent with the statement‚ “What we believe matters.” All of the characters from both books used religion for giving them the strength to speak their minds‚ move on in their lives‚ and fight for what they
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