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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This paper focuses on the ideas of David Hume and his work concerning cause and effect. Firstly‚ I am going to explain impressions and ideas and how Hume concludes that we cannot have the idea of power. Secondly‚ I am going to explain why Hume declares that there is a perception necessary connection between events. Thirdly‚ I will explain Hume’s definitions of causation and the conclusion he cones up with that states that cause is the conjunction that reinforces our ideas. Lastly‚ I will raise two
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The aim of this essay is to consider approaches to promoting the self-management of a long-term condition. The focus will be linked to module content and based on a patient that I have provided nursing care for during my clinical practice. There will be a brief introduction of the patient and the context in which I was involved in their nursing care. The pathophysiology of the chosen LTC along with the related physical‚ psychological and social needs of the patient will be considered. There will
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WorldCom ultimately headed the company towards the disgrace that ensued in the biggest bankruptcy in American history. After this act the company terminated the service of the top executive including Scott Sullivan‚ the Chief Financial Officer and David Myers‚ the Senior Vice President and Controller. Myers knew that the accounting entries were made without supporting documentation‚ were not in conformity with GAAP‚ were not disclosed to the investing public‚ and were designed to allow WorldCom to
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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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