The law of diminishing returns only applies in the Short Run‚ when only one factor of production is variable and can be increased. The other factors of production are fixed. Thus as the variable factor of production is increased the marginal product of that factor will rise at first‚ but will at some point begin to fall. Returns to scale can only occur when no factors of production are fixed. If the quantities of all of the factors of production are increased‚ then output will also increase. However
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Kathleen Grundowski Western Civilization I Mary Hogan 18 September 2008 Classical and Hellenistic Greece The Classical Age of Greece was marked by an explosion in literature‚ philosophy‚ drama‚ and history. This period produced such philosophers as Socrates‚ Plato‚ and Aristotle; the Greek drama and comedy was introduced; Alexander the Great built one of the largest empires ever known. The Classical Age forced people to reexamine themselves and the world they lived in. The Classical
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buildings‚ the Parthenon in Athens and the Pantheon in Rome. Consider how the style and function (use) of each building serves as a typical example of its culture. How are the similarities and differences between ancient Greece and Rome seen in these two buildings? Both in ancient Greece and Rome‚ buildings and/or Temples were symbols of reverence and supremacy. The dedication of architecture was designed at the peak of their rise into their era and built on the backs of slaves. This seemingly was a
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In Classical Greece (ca. 480-323 B.C) young girls were usually left to the care of a nurse‚ spending most of their time in the women’s quarters of the house which was often located on the upper floor‚ this was called the gynaikon. The gynaikon was where mothers would nurse their children and spin/weave thread. The picture to the right shows the art of working wool‚ this was one of the key responsibilities of the Greek women‚ along with childbearing‚ retrieving water and managing the household. The
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three stocks currently held all have b = 1.0‚ and they are perfectly positively correlated with the market. Potential new Stocks A and B both have expected returns of 15%‚ are in equilibrium‚ and are equally correlated with the market‚ with r = 0.75. However‚ Stock A’s standard deviation of returns is 12% versus 8% for Stock B. Which stock should this investor add to his or her portfolio‚ or does the choice not matter? Answer: B‚ Stock B Since she has a portfolio the number is held as one of the
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Critically discuss whether Germany or Greece should leave the European Union. In the very first part of my assignment I will briefly introduce you to the history of the European Union‚ and then in a few words I will observe the pros and cons for the EU. In the main section of my coursework I will critically discuss whether Germany or Greece should leave the EU.As a conclusion‚ I will try to draw everything together and briefly sum up my arguments. After the World War II the countries in Europe
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The Return of Martin Guerre History 3230: Early Modern Europe The Return of Martin Guerre is a reconstruction of the famous case of Martin Guerre’s return to the small town of Artigat in Southern France after being absent for eight years. However‚ "Martin" is actually an impostor named Arnaud du Tilh‚ or Pansette. He is accepted by his wife‚ family‚ and friends for over three years. After the so-called Martin Guerre has a dispute over family finances and the sale of some land that the family owns
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Chapter 11 Exercises 11-5 Return on Investment (ROI) Provide the missing data in the following table for a distributor of Martial arts products: 11-9 Return on Investment (ROI) and Residual Income Relations A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing information in the table below: 11-18 Return on Investment (ROI) and Residual Income “I know headquarters wants us to add that new product
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Avoiding Historical Distortion: An Analysis of Davis’s Writing In a country renown for revolution‚ a time of looming reformation‚ and an age of rebirth‚ the story of The Return of Martin Guerre finds its inception as a historical legal study of the day-to-day occurrences of the lives of peasants in sixteenth-century France. Natalie Zemon Davis crafts her account of the famous story from a historical perspective infused with her own psychological inferences‚ legal case studies‚ and factual details
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1.1 INTRODUCTION Every investment is characterised by return and risk. The concept of risk is intuitively understood by investors. In general‚ it refers to the possibility of incurring a loss in a financial transaction. But risk involves much more than that. The word ‘risk’ has a definite financial meaning. The possibility of variation of the actual return from the expected return is termed risk. Corporate securities and government securities constitute important
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