the Production Possibility Frontier is simple to understand. It is a method used to represent (in the form of a graph) the point in which an economy is producing its goods and services with efficiency. It also shows whether the economy is allocating their resources in the best way possible. If the economy is not producing the quantities indicated by the PPF‚ resources are not being managed efficiently and the production will decrease. The production possibility frontier also shows that a limit to
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The Significance of the Frontier in American History 1893 Frederick Jackson Turner was born November 14‚ 1861 in Portage‚ Wisconsin. He is well recognized for writing the paper “The Significance of the Frontier in American History.” It is considered an influential and impacting piece of work because of the proposition he states within the thesis. Turner’s reasoning for scripting the paper was to present the issue of the dissolving American frontier. He released his disquieting thoughts about how
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Production-possibility frontier In economics‚ a production-possibility frontier (PPF) or “transformation curve” is a graph that shows the different quantities of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points along the curve describe the trade-off between the two goods‚ that is‚ the opportunity cost. Opportunity cost here measures how much an additional unit of one good costs in units forgone of the other good. The curve illustrates that
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Entering the Frontier Flight Museum was an educational‚ historical experience dating back to the first airplane in 1903 to present day airplanes. It included the history of combat airplanes‚ commercial airplanes‚ corporate and private airplanes. Walking into the main Richard W. Cree Exhibit Gallery‚ the room was divided into different labeled galleries with interesting exhibits to support each gallery. The first exhibit was the “Early Flyers” exhibit of a replica wooded hanger with the tools used
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Space is the final frontier 1. space: -outer space = region beyond earth 2. final: -last‚ ultimate‚ no more frontier beyond this 3. frontier: -an outer limit‚ especially one in which the opportunities for research and development have not been exploited 4. History of space exploration: simple overview of western countries – http://www.spacekids.co.uk/spacehistory/ includes China’s endeavors – http://en.wikipedia.org/wiki/Timeline_of_space_exploration 5. Can space be considered an unexplored
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CASE STUDY 1 – A DAY IN THE LIFE OF A BANK MANAGER Q1: To what extent does Wong Gillmore’s day coincide with the managerial work methods identified by Mintzberg? What roles are evident in her activities? After reading the case study of Marjorie Wong Gillmore‚ a bank manager at the Milpitas branch of Bank of America‚ we can easily see that her activities conform to a great extent to the observations made by Henry Mintzberg. We see that her day is occupied with a lot of small activities performed
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ELISABETH KUBLER-ROSS Psychiatrist‚ Journalist 1926-2004 Born July 8‚ 1926 in Zurich‚ Switzerland Elisabeth Kubler-Ross was the oldest of triplets‚ Erika and Eva of Protestant Christian parents. In 1957 she graduated from the University of Zurich Medical School. She was induced in the National Women’s Hall of Fame in 2007 and the recipient of twenty various honorary degrees throughout her career. She suffered two miscarriages‚ and eventually had a son‚ Kenneth‚ and a daughter‚
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Creating efficient frontiers using excel. Suppose we have 3 risky assets whose net return has the mean vector and variancecovariance matrix given below: Asset Mean VarianceCovariance Matrix 1 2 3 0.06 0.12 0.03 1 0.3 0.3 0.3 1 0.3 0.3 0.3 1 Weights Ones Mean Portfolio Return 1 1 1 0.176666122 Portfolio Portfolio Portfolio Variance STD Constraint 2.42961 1.558721 1 0.079372 1.603166 -0.68254 To model the portfolio choice problem‚ I begin by highlighting the mean vector and giving
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Instructions for Efficient-Frontier Construction a. Estimation The goal is to obtain the raw ingredients – expected returns‚ standard deviations and correlations. Historical data are used for this purpose. As a rule of thumb‚ five years of daily data are probably right (one year should be the absolute minimum). Keep in mind the following: 1) make sure to use the adjusted close prices to calculate returns (so that you won’t have large‚ spurious negative returns due to dividend payments or splits)
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Meritor Savings Bank vs. Vinson APA format requires a separate cover page Case Brief Indent new paragraph 5 spacesAfter being dismissed from her job at a Meritor Savings Bank‚ Mechelle Vinson sued Sidney Taylor‚ a Vice President and branch manager of the bank and Meritor Savings Bank. Vinson charged that she had constantly been subjected to sexual harassment by Taylor over her four years at the bank. She argued such harassment created a "hostile working environment" and was covered by Title
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