THE LAWS OF RETURN TO SCALE The laws of return to scale explain the behavior of output in response to a proportional and simultaneous change in input. Increase in inputs proportionately and simultaneously is in fact expansion of the scale of production. Statement: “As a firm in the long run increases the quantities of all factors employed‚ other things being equal‚ the output may rise initially at a more rapid rate than the rise of increase in inputs‚ then output may increase in the same proportion
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I. INTRODUCTION To raise revenue for tight government budgets‚ legislators sometimes attempt to raise revenue by imposing unusually high excise taxes on cigarettes‚ liquor‚ gambling‚ and so on. This type of charge‚ often called a "sin tax‚" appeals to voters who view it as a way of discouraging consumption of certain objectionable products. It reduces the income of the buyer.Lowers profits for the seller‚ and leads to reduced investment‚ wages‚ and jobs.It is not likely to seriously
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HOW TO START A SMALL SCALE INDUSTRY The steps involved in starting a small-scale industry are:- • Conduct Market Survey and Study the products as regards their demand in the market. Check whether it is a seasonal product or it has demand throught the year 1. Study similar products available in the market that can be probable competitors. Analyze them as regards their utility‚ quality and cost. 2. Find whether the product can be exported. 3. Explore the possibility whether some product
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Memoir/ Reflection Essay The seven deadly sins are always view in a negative way. Well since they are considered sins I guess they will ways be viewed that way. Like Pride is the desire to be better than everyone and love only oneself. Wrath is to have uncontrollable feeling of hatred and anger. Greed is to have a very excessive or plundering desire and pursuit of wealth‚ status‚ and power. Gluttony is excessive desire for food‚ or its withholding from the needy. Sloth is the failure to apply
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“It’s a sin to kill a mockingbird.” This quote represents the essence of Harper Lee’s To Kill a Mockingbird. This novel casts light onto the idea of childlike innocence‚ sharply contrasting it with the prejudiced nature of adults. It follows the coming-of-age‚ or‚ at least‚ maturation of Scout. In this novel‚ the meaning of the opening phrase and the novel as a whole is shaped by the development of the protagonist‚ Scout‚ from a state of childlike ignorance and innocence to facing the realities of
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Large Scale Fading and Channel modeling Using Matlab March 2012 Large scale fading and channel modeling Using Matlab Introduction The fading phenomenon can be broadly classified into two different types: large-scale fading and small-scale fading. Large-scale fading occurs as the mobile moves through a large distance‚ for example‚ a distance of the order of cell size . It is caused by path loss of signal as a function of distance and shadowing by large objects such as
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2013 The Pleasure Scale As we go through life we will experience different events that will help shape the scales that we use in life. Biss talks about how pain is our own experience and no one else can feel the same intensity of pain that we feel at any given point in the day. I believe that it can also be turned around no one can feel the same type of pleasure that I feel. There is no way that I can write a scale of pleasure that fits every person that is on the earth; the only scale that I can make
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Definition of small scale industry INTRODUCTION � An organization can be classified as a small business using criteria of employees ‚annual sales or total assets .small industry any independently owned and operated profit seeking enterprise that has a fewer than 500 employees .small industry may be little in size ‚but they have little impact on the world economy . in india ‚small and medium industy play a vital role in the growth of economy . Small industry have a 40 percent of share in
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Small-Scale Industries in the Globalization Era: The case of Jordan Basem M. Lozi‚ Assistance Professor‚ Al-Balqa Applied University‚ basem_lozi@yahoo.com Abstract The research examines the role of SSI in the economic development of Jordan by showing the effects of the SSI on the unemployment rate‚ production‚ and sales. The research concludes with policy recommendations to ensure the sustained and competitive growth of small-scale industries in Jordan. The results of the study show that the growth
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The Seven Deadly Sins are as follows: * Pride- An over high opinion of oneself; exaggerated self-esteem; conceit‚ arrogance‚ vanity‚ self-satisfaction. * Lust- Lust is the self-destructive drive for pleasure out of proportion to its worth. Sex‚ power‚ or image can be used well‚ but they tend to go out of control. * Greed- Excessive desire for acquiring or having; desire for more than one needs or deserves. * Envy-Envy resents the good others receive or even might receive. Envy is
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