Economics chapter 2 Economics is the efficient allocation of the scarce means of production toward the satisfaction of human wants The central fact of economics is scarcity. Human wants are unlimited while resources are limited. Four economics resources: land‚ labor‚ capital and entrepreneurial ability The opportunity cost of any choice is the forgone value of the next best alternative. The production possibilities curve is a hypothetical model of an economy that produces only two products.
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Chapter 1: What do Schoolteachers and Sumo Wrestlers have in common? By starting the chapter off with a study between two economists who tried to find a solution for parents who repeatedly came late to pick up their children from daycare‚ Steven Levitt discusses the concept of incentives and its benefits and weaknesses. An incentive is something that tends to incite an action for the greater effort‚ as a reward offered for increased productivity. Basically‚ an incentive is used to motivate someone
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Chapter 4‚ 5‚ 6‚ 7 Summary Operations can be analyzed at three levels 1. Flow between operations (the level of the supply network) 2. Flow between the processes (the level of operations) 3. Flow between the resources (the level of the processes) Design Design is to conceive the looks‚ arrangements‚ working of something it is constructed What is process design? What are the objectives of process design? How do volume and variety effect process design? How are process design identical? Process Design
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The short stories The Landlady and Lamb To The Slaughter were not scary because the stories were predictable‚ not that thrilling‚ and the plots were short and slightly dull. The two short stories were not scary because the plots turned out to be cliche`. Most horror stories include some sort of weird or crazy person who has a victim that is usually clueless. For example‚ in The Landlady‚ Billy noticed some of the strange characteristics of the old woman‚ but he didn’t know what she had in store and
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The Silence of the Lambs review One of the best breath taking 80’s detective novel is The Silence of the Lambs. The book is written by English psychiatrist Thomas Harris. It was published in 1988 but it is still remembered and readable. The Silence of the Lambs is second author’s novel based on forensic psychiatrist and cannibalistic psychopath Dr. Hannibal Lecter life story‚ but this time the plot centers on young and new FBI Special Agent Clarice Starling. The novel opens with
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over time you will see the leech for its harmful intentions much like how the town sees Chilingsworth turn from the curing miracle angel to a devil like human. The setting in chapter takes place in a widow’s house near a cemetery. Dimmsdales room is full of posters regarding the sin of adultery and its
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Chapter 9: Night Visitors (threat of danger and Clue #3) Begins with Alex going to meet Herod Sayle. Herod is playing snooker with a footstool because he’s so short. Alex bets Herod – 100 dollars a point for Herod and 100 hours of labor for Alex. Alex wins game. Alex eats dinner with Herod. Herod tells them they’re eating goat‚ that he reminds him of Ian Rider and asks What he was doing when he was snooping. Alex wakes up at 1:30. Jumps in back of truck. Stops at beach where submarine
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This novel captured my interest and held it to the final chapter! I not only learned about the history of World War II‚ but also of the emotional impact it had on soldiers and their families. The Gunderman family was a family devoted to each other. The realization that their oldest son‚ Jimmy‚ had to fight for his country was devastating to them. The main character‚ Earl‚ was the younger half-brother. He described himself as the weaker of the two. He and Jimmy were close and enjoyed being together
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Chapter 2 The novel begins with the narrator and protagonist‚ Christopher Boone‚ finding Wellington‚ the dog who is owned by Mrs. Shears his neighbour‚ dead. He discovers the dog on Mrs. Shears’s lawn with a large fork through it. Christopher touches the dog and observes that it is still warm. He asks himself who would do such a thing‚ and why? Chapter 3 This is the first in a series of chapters that deter from the novel‚ giving an insight from Christopher. He proceeds to explains that he has difficulty
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In this chapter‚ we see the expressive richness and beauty of Gebusi cultural world. How did reciprocity play a role in leading up to the initiation celebration (how did it strengthen social ties between people)? Gebusi Clan membership passes down to the next generation from father to son. In the US most families are patrilinial as well though some natives groups like the Hopi are matralineal. What is the siay sagra? A feast leading up to Gebusi male initiation that establishes which sponsors
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