Distinguish between diminishing returns and economies of scale (15 marks) In Business Economics‚ the short run is defined as the concept that within a certain period of time‚ in the future‚ at least one input is fixed while others are variable and the long run is defined as a period of time in which all factors of production and costs are variable. The law of diminishing returns is a short run concept‚ which states that increasing successive units of a variable factor to a fixed factor
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Internal economies of scale arise when firms increase their scale of production. Hence‚ they incur lower average costs of production‚ either through specialization or other factors. When average costs fall‚ giving the price of the good to be constant‚ profit margins of these firms will be increased. Thus‚ the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production‚ which can be
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measurements obtained with the Alberta Infant Motor Scale (AIMS) for evaluation of preterm high risk infants. The present study included two scales i.e. the Alberta infant motor scale and the Peabody developmental motor scale – 2 (PDMS – 2) on high risk infants at 3 months‚ 6 months and 12 months of age. For the purpose of comparing the AIMS scale‚ the PDMS -2 scale was used as the gold standard of measure. The sensitivity and specificity of the PDMS 2 scale is 36.1%‚ 93.8% at 3 months respectively. The
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Part of this week assignment is the story Revelation by “O’Connor. (1965)‚ just like any beautiful piece of art‚ this story is thought provoking. It is amazing to see how my classmates came up with different conclusions‚ after reading the same exact story. This solidifies the idea of personal perceptions. Our conclusions were based on our own personal experiences and emotions. This story touched my heart in a special way because I went through an experience similar to Mrs.Turpin. About six years
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Banking University of HCMC Department of Foreign Language INTERNSHIP REPORT RECOMMENDATIONS TO IMPROVE THE EFFICIENCY OF INTERNATIONAL SETTLEMENT OPERATIONS AT SAIGON BANK FOR INDUSTRY AND TRADE- CHO LON BRANCH Student name : LÊ TRẦN DIỄM Class : DH24AV04 Student code : 030424084025 Instructor : Ms. HOÀNG ANH THƯ Ho Chi Minh City‚ April 2012 Comment of instructor (teacher) --------------------------------------------------------------------------------------------
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questionnaires included the following variables: age‚ gender‚ ethnicity‚ marital status‚ highest level of education attained‚ working conditions‚ transport availability‚ smoking status‚ diabetes duration‚ cultural factors (dress wear‚ behaviors in Ramadan‚ perception towards obesity)‚ number of anti-diabetic medication‚ insulin therapy‚ the Depression‚ Anxiety and Stress scale (DASS-21) and International Physical Activity Questionnaire (IPAQ) score. The Morisky Medication Adherence Scale -8 (MMAS-8) score
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details of his experiences but he doesn’t want to tell them how scared he was so they would be proud of him. He meets a guy and chats with him about Billy dying and what he thinks about the war. The guy offers him gum and water‚ and tells Berlin to stay calm he’ll eventually get used to it. They talk about Billy’s death and Berlin wonders what the parents expressions would be as they received the telegram saying that their son died that day being scared to death. He started laughing uncontrollably and
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if they should or shouldn’t have any more children at that time. They were looking at different school systems to see what would fit best for Danny. This took sometime school after school so Nancy went to the state level and talk to them about getting help for Danny and got nothing there so she went to the broad of education and to the goodwill in canton and there they listen to what she and Danny
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movies‚ shows‚ and ads like the “Hot Tub Time Machine” and “Grown Ups 2”‚ he’s also in “Gold Bond” and “The General Insurance” ads. He’s also on “Inside the NBA” on TNT. For my symbol introduction I’ve done a mini basketball because it represents what kind of hobby the person does while I’m doing my presentation in front of my classroom. Another reason I’ve chosen that symbol is because if it weren’t there and the class
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She paid £5 000 of her personal savings into a business bank account on 1 October 2008 and immediately set up a double-entry bookkeeping system. VAT applies where indicated at the rate of 10%. During the month of October 2008‚ Freda recorded the following transactions in her books of original entry. Purchases Day Book Date 1 October Details Espresso Supplies Less trade discount Goods £ 700 (70) 630 Sales Day Book Date 4 October Details City Traders Less trade discount Goods £ 1 300 (130) 1 170 Purchases
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