MICRO-ECONOMICS ASSIGNMENT Q(1) Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples. Ans. The law of diminishing returns is also called the law of variable proportion‚ as the proportions of each factor of production employed keep changing as more of one factor is added. The law of diminishing returns does not imply that adding more of a factor will decrease the total production‚ a condition
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Diverse Cultures - English Coursework What have you learnt about the of 1930’s‚ as depicted by Steinbeck in “Of Mice and Men?” The Great Depression was a worldwide economic breakdown. It was the largest and most important economic depression in modern history; it began in the United States on Black Tuesday with the Wall Street crash of October 1929 and rapidly spread worldwide. It lasted about a decade‚ ending in the early 1940s. Poverty stricken‚ life became a struggle to survive. Banks‚
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therefore be defined as the point/price where demand for labour equals the supply of labour. The theory of marginal productivity of labour states that demand for workers depends on their marginal revenue product (MRP – the value of the physical addition to output arising from hiring one extra unit of a factor of production. Where the MC of taking on an additional unit of labour equals its marginal revenue product‚ the equilibrium quantity of labour will be established. The MRP theory suggests that
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Outperforms Major Indices With A 10-Year Average Annualized Return of 17.55% (1888 PressRelease) Eleven Two Fund Management’s investment strategy achieves multiple Top 10 Fund performances on Marketocracy; plans to offer free 30-minute phone consultation to new potential investors. Atlanta‚ GA - The Fundamental Stock picks on Marketocracy selected by Eleven Two Fund Management (ETFM) President Thomas Cloud Jr. CFP®‚ ChFC® have achieved average annualized returns of 17.55% since February
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Michael Moore’s article‚ "Idiot Nation" complies with Mike Rose’s article‚ "I just want to be Average."; since both articles‚ state that the education or intelligence level of scholar in America‚ are very low. This decreasing level of intelligence‚ in scholars; is caused by the incompetence‚ the instructors comprehend; according to Rose‚ and Moore. One instance of the instructor lacking the proper training; is shown when Rose‚ states; "Sophomore English was taught by Mr. Mitropetros...He had little
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ability to perform activities more distinctively or more effectively than rivals. So‚ in order for a firm to earn more‚ they must have a better understanding to exploit its competitive advantages. By this‚ it can help the firm to earn above-average returns. Above-average returns are returns in excess of what an investor expects to earn from other investments with a similar amount of risk. These terms are very important to those are responsible for an organization’s performance. It is because without full
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(who could sometimes have hundreds of slaves) were at the top. Even to the nonslaveholders‚ slavery was an important (though not necessarily good) institution. Hinton Rowan Helper would not have argued against slavery so much if it were truly a “marginal” institution. He argued because it affected his economic and social position in society. George Fitzhugh‚ a southern slaveholder‚ argued for slavery because he‚ as a slaveholder‚ was affected by it. Every person in the south‚ from slaveholders to
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M3.3‚D1.1 | Assignment | One of the most important knowledge about accounting is 3 basic inventory techniques or cost flow assumptions: FIFO (stands for first-in‚ first-out)‚ LIFO (stands for last-in‚ first-out) and WAVG (stands for weighted – average). In this article‚ I just want to focus on FIFO and LIFO. Let’s review these concepts: FIFO means that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact newest physical object has been tracked and
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Reaching Out The two essays‚ "The Sanctuary of School‚" by Lynda Barry and " ’I Just Wanna Be Average‚ ’" by Mike Rose‚ are two essays concerned with children and the way a school system affects a child ’s life. Barry and Rose use situations in their own life to help readers understand their point of view. The responsibility of parents‚ the assertiveness of their teachers‚ and the way they used their unique situations to help solve problems in our fallible society. Parents can have a profound effect
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Mothering is nature’s way to make sure that a child is able to grow and prosper in the world. That one day that child may also experience parenting and share the bond that grows between children and their parents. The Mother‚ in the short story The Word Love‚ sympathizes with this description of a mother’s duty but is torn between the love for her daughter‚ and the values of her community. While young‚ her daughter would ask and then receive whatever nurturing she had craved‚ but when disciplined
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