associated marginal cost curve is SMC(Q) = Q. a) What quantity should the firm produce if it wants to maximize its profit? b) Draw the shop’s total revenue and total cost curves‚ and graph the total profit function on the same diagram. Using your graph‚ state (approximately) the profit-maximizing quantity in each case. a) Since the firm is producing in a perfectly competitive market‚ the firm views the output price as exogenous. It should produce up to the point at which P = SMC(Q)‚ that is‚ so that 10
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is a state in the western region of India. It is the second most populous state after Uttar Pradesh and third largest state by area in India. Maharashtra is the wealthiest state in India‚ contributing 15% of the country’s industrial output and 13.3% of its GDP. Maharashtra is bordered by the Arabian Sea to the west‚ Gujarat and the Union territory of Dadra and Nagar Haveli to the northwest‚ Madhya Pradesh to the north and northeast‚ Chhattisgarh to the east‚ Karnataka to the south‚ Andhra Pradesh to
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SWOT SOUTH AFRICA Price inflation The steps taken by the Reserve Bank to bring down inflation are working. Inflation was 9.8 in 2008 and to average 4‚9% in 2009. Inflation should return to the target range in 2010 (forecast: 6.1) aided by a substantial output gap and the feed through of past rand appreciation. Some factors were still of concern‚ necessitating continued vigilance in the application of anti-inflationary policy. These included: * high and volatile international crude oil prices
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CHAPTER 12: THE OLD SOUTH AND SLAVERY IDENTIFICATION Internal slave trade: the profitability of cotton and sugar increased‚ so did the value of slaves throughout the entire region. This encouraged the internal slave trade from the upper to the lower south. Task system vs. gang system: task system is where slaves had a daily or weekly quota of tasks to complete. Gang system is the division of labor within slavery on a plantation. African Methodist Episcopal Church: predominantly African-American Methodist
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The South in Toni Morrison ’s Song of Solomon: Initiation‚ healing‚ and home Lee‚ Catherine Carr Song of Solomon‚ Toni Morrison ’s third novel in an increasingly varied and rich body of work‚ is a remarkable narrative. The novel ’s power lies not only in its recovery and representation of African American experience in the midtwentieth century but also in Morrison ’s insistence on the necessity of healing her broken‚ alienated protagonist‚ Milkman Dead. Central to both his maturation and his healing
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1984‚ 9/11 Random Notes and The United States of BOO! 1984 The short story contains a lot of pessimistic and negative adjectives‚ which gives me‚ as a reader‚ a feeling of negativity at first‚ but then you realize that the story is so much negative that it turns out to be filled with humor and a sarcastic touch. In the very first section it is described that it is a cold day in april; that the clocks is striking 13; that the wind is vile; and that Winston Smith tries to escape this by rushing
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When I was eight years old I lived in North Carolina with my mother‚ father‚ brother‚ and sister. We all lived together in a nice five bedroom home; we had two dogs and three birds. Everything was perfect in my eyes until my mom got into my uncles brand new car and drove away. I never saw her again! My sister and I were in my room in trouble for fighting‚ and everyone else was outside having a great time barbequing and hanging with some other family members. My mom and uncle went to test drive
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the hero is deffinatly a strong one. There are many critics who believe that Creon‚ however‚ is the true protagonist of the play. In order to determine whether or not Creon is the tragic hero one must first examine what a tragic hero is. Aristotle states that a hero is neither purely innocent nor purely malevolent. A hero is usually born into high rank of society‚ and this person must possess a tragic flaw. This flaw normally stems from either poor judgment or extreme arrogance. This flaw will inevitably
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I would like to address is the Chaebols and the corruption status of South Korea. The Chaebols and the Government The term Chaebol refers to big business group in South Korea. Chaebols are usually characterized by family control of ownership and management‚ diversified business areas‚ and their close relationship with government (1). The development of the Chaebols can be traced back to the period around 1950 to 1960 when South Korea gone through a very rapid industrialisation process led by the
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November 11‚ 2013 Table of Contents Country Analysis 2 1. General 2 2. Economic/Business 5 3. Political 9 4. Social & Cultural 11 Market Entry Strategy 12 References 15 Appendix 17 Country Analysis 1. General South Africa is a medium sized country that occupies a total land area of slightly more than 1.2 Million square kilometers. It stretches more than 2‚500km from the desert boarder with Namibia
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