Perfect numbers Mathematicians have been fascinated for millenniums by the properties and patterns of numbers. They have noticed that some numbers are equal to the sum of all of their factors (not including the number itself). Such numbers are called perfect numbers. A perfect number is a whole number‚ an integer greater than zero and is the sum of its proper positive devisors‚ that is‚ the sum of the positive divisors excluding the number itself. Equivalently‚ a perfect number is a number that
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A Case Study In Perfect Competition: The U.S. Bicycle Industry Submitted by Jay on Sun‚ 2006-07-16 22:27. I had an epiphany‚ as in a sudden insight into reality‚ in May at a meeting where a long time friend in the industry offered the opinion that the U.S. bicycle industry is in a classic state of perfect competition. My immediate response was "...that sounds like a good thing!" My friend‚ who went back to graduate school after working in a bike shop‚ for a major component manufacturer and prominent
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are homogeneous‚ hence substitutable for one another. Also called perfect market or pure competition. The single firm takes its price from the industry‚ and is‚ consequently‚ referred to as a price taker. The industry is composed of all firms in the industry and the market price is where market demand is equal to market supply. Each single firm must charge this price and cannot diverge from it. In the short run Under perfect competition‚ firms can make super-normal profits or losses. In
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The Perfect Storm by Sebastian Junger is a fascinating book that should stay in the curriculum. The book provides a highly detailed account of a storm that places readers in the center of the storm. Though the descriptions of fishing procedures and equipment are often confusing‚ they are a vital part of the plot. Without these details‚ readers would not be able to picture the dangers of the storm the way Junger wanted them to. The book is riveting‚ but never melodramatic. There is just enough
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people keep pets Oh my god! My friend’s pet is so cute. One day‚ when i arrived at my friend’s home‚ his little dog was damaging his pillow. What a cute trouble maker! "Pets are peoples’ friends." This sentence has been passed down in my country. Now‚ pets are an important part of peoples’ lives. Almost each family are have pets. The pet industry is developing rapidly. You can see pet hospital‚ pet shop‚ and pet food and so on everywhere. They make people happy and become their friend. Pets can effect
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Should we aim for perfect competition? A perfect competition is characterized by many buyers and sellers interacting in such a way as to produce the highest possible quantity at the lowest price. If one of them produces more or less goods it has no effect on the market supply. This is because the buyers are prone to change from one supplier to the other as the products are homogeneous. Similarly‚ no individual firm exerts enough market power to influence the market price or else the demand for
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Animal Shelters vs. Pet Stores While many families choose to purchase an animal from a chain pet store or a breeder‚ adopting an animal from a shelter is much more rewarding‚ and beneficial. Animal shelters are organizations that provide care and treatment for animals that need protection‚ all while trying to find homes for said animals (“Animal”). In comparison‚ pet stores are organizations that buy and sell animals to make a profit‚ with much less care for their animals compared to shelters. Many
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Perfect Competition In economic theory‚ perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict‚ there are few if any perfectly competitive markets. Still‚ buyers and sellers in some auction-type markets‚ say for commodities or some financial assets‚ may approximate the concept. Perfect competition serves as a benchmark against which to measure
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PERFECT COMPETION Competition in the market can be either perfect or imperfect. The classical economists assumed the existence of perfect competition‚ and all their analysis is based on this assumption. It has been pointed out that the real world is full of imperfect competition. Perfect competition or Competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker. Competitive market is characterized with: 1. There are large
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Jason McElveen Cats Are Not Good Pets English Comp III Professor Crilly July 29‚ 2012 Who would ever in their right mind want a cat as a pet? Cats are the most conniving animals alive and no one should even think to keep them as a pet. There are some people who have a large number of cats in their house at one time and continue adding to the number and that is just ridiculous. Cats can carry around a foul smell or odor and shed their hair which gets everywhere it should
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