Economic Theory and Application Essay

1. The accompanying diagram: (not ready to reproduce, however in the content), shows a firm with a wrinkled interest bend a. What presumption lies behind the state of this interest bend? The crimped request bend expect that different firms will follow cost diminishes and won't follow cost increments. For example, in an oligopoly model, in view of two interest bends that expect that different firms won't coordinate a firm’s cost increments, yet will coordinate its cost increments. The crimped request bend model of oligopoly infers that oligopoly costs will in general be â€Å"sticky† and don't change as much as they would in other market structures given the suspicions that a firm is making about the conduct of its adversary firms. Wrinkled interest was an underlying endeavor to clarify clingy costs. It is a monetary hypothesis with respect to oligopoly and monopolistic rivalry. b. Recognize the firm’s benefit expanding yield and cost. In Figure 9.1 in the course book, the firm’s benefit augmenting yield and cost is when there is an expansion in cost over the normal minor cost (the distinction among p1 and the point vertically down from that point that cuts the MC bend) Profit augmentation is the procedure by which a firm decides the cost and yield level that profits the best benefit. There are a few ways to deal with this definition. The complete income all out cost technique depends on the way that benefit approaches income less expense, and the minimal income †peripheral cost strategy depends on the way that absolute benefit in an entirely serious market arrives at its greatest point where minor income rises to negligible expense. c. Utilize the chart to clarify why the firm’s cost is probably going to continue as before, regardless of whether minor costs change. On the off chance that peripheral costs increment or diminishing in side the irregular scope of the negligible income bend, where minor income rises to minimal cost will continue as before. Consequently, cost and yield don't change, despite the fact that expenses (and benefits) are unique. Minimal expense is the extra expense of creating an extra unit of yield. Negligible cost shows the adjustments in costs as yield changes. Complete variable costs change as the degree of yield fluctuates however all out fixed expenses are steady in any case the degree of yield. Thusly, complete fixed expenses don't impact the negligible expenses of creation and really normal fixed costs diminishes consistently as more yield is delivered. Since all out fixed expense is consistent, normal fixed cost must decay as yield builds promotion spreads the complete fixed expense is steady over a bigger number of units of yield. Both normal variable expense and normal cost first diminishing and afterward increment. 2. A few rounds of technique are agreeable. One model is choosing which roadside to drive on. It doesn’t matter which side it is, the length of everybody picks a similar side. Something else, everybody may get injured.

Essay about Career Plan

Paper about Career Plan Paper about Career Plan Vocation Plan Vocation Plan Interest Profile: Conventional, Social and Enterprising. Capabilities: Coping with pressure, adhering to directions, conveying results, objective center, holding fast to values and participating. Work Culture: High fueled, moral and steady. In the vocation plan intrigue profile my outcomes demonstrated that I was regular, social and ambitious. Traditional professions include following a set daily practice and systems. This typically requires the worker to cling to a levels of leadership. Social professions including working, educating, aiding and speaking with others. Venturesome vocations regularly include driving individuals and working with different organizations. I found that my abilities results indicated that I adapt well to pressure, adhere to directions, convey results, objective centered, hold fast to values and help out others. Adapting to weight can be utilized in a wide range of employment territories. I saw in my exploration that as separated of the executives you should have the option to manage the fast change in the workplace (Demers, Colman, 2003). To do so you should have the option to adapt to pressure. There is steady weight when in an administration position. You should shuffle a wide range of apti tudes when taking on such a vocation, for example, association, preparing, staffing, profession arranging, work place decent variety, and so forth. Another activity I found that would function admirably with my abilities was a secretary. In my exploration I saw that as a secretary you should have the option to help out other (publicists, 2009) As a secretary you are continually managing various individuals and can not let others activities and mentalities influence the work you do. While watching the outcomes from my work culture inclinations I found that I would prevail in a culture that is powerful, moral as well as steady. I feel that working in the executives would accommodate my work societies. Working in a powerful work culture implies scanning for profession improvement, getting the opportunity to learn new expertise much of the time, working in better places, significant compensation and high possibility of

SIPA News Are You In COLUMBIA UNIVERSITY - SIPA Admissions Blog

SIPA News Are You In COLUMBIA UNIVERSITY - SIPA Admissions Blog SIPA students have many opportunities to get involved in activities related to their studies, including the opportunity to publish in SIPA News and The Journal of International Affairs.   The staff of SIPA News asked me to outreach to incoming SIPA students that might be interested in submitting an article for consideration.   Please see the message below and if you are interested, contact the individuals noted below. You can find previous copies of SIPA news for viewing here. ___________________________ Dear Member of the SIPA Class of 2012, On behalf of the staff of SIPA News, welcome to SIPA! SIPA News is a semi-annual magazine written by students, alumni, and faculty and distributed to the global SIPA community. Our fall issue will be on the topic of water. Water is considered by many to be the new oil: from prospective conflicts in the Middle East to its role in sustainable development to floodwater in the United States, this topic touches on many fields and is truly global in scope. Where do SIPA students stand on the issues surrounding water and what perspectives can they offer on how water resources contribute to development, trigger conflicts or natural disasters, and transform cultural practices?   What are the most critical issues that water is raising today? We welcome contributions from all SIPA students, with a premium on first-hand reporting.   SIPA News would like to take its readers into small towns suffering from droughts, bring attention to innovative water development projects, or give them a front row seat in the debate about water-sharing policies. We’re looking for colorful stories about real people. If youd like to write for us, please send your proposals by Friday, July 16. Proposals should be at least one full paragraph and be representative of your writing. Clips are also welcome.   We need your feature stories (around 1000 words), shorter articles, and photos.   Final drafts of all submissions must be received by September 15.   We look forward to hearing from you. Best wishes, Whitney Eulich (wae2101@columbia.edu) Marie OReilly (mao2137@columbia.edu) SIPA News co-editors

SIPA News Are You In COLUMBIA UNIVERSITY - SIPA Admissions Blog

SIPA News Are You In COLUMBIA UNIVERSITY - SIPA Admissions Blog SIPA students have many opportunities to get involved in activities related to their studies, including the opportunity to publish in SIPA News and The Journal of International Affairs.   The staff of SIPA News asked me to outreach to incoming SIPA students that might be interested in submitting an article for consideration.   Please see the message below and if you are interested, contact the individuals noted below. You can find previous copies of SIPA news for viewing here. ___________________________ Dear Member of the SIPA Class of 2012, On behalf of the staff of SIPA News, welcome to SIPA! SIPA News is a semi-annual magazine written by students, alumni, and faculty and distributed to the global SIPA community. Our fall issue will be on the topic of water. Water is considered by many to be the new oil: from prospective conflicts in the Middle East to its role in sustainable development to floodwater in the United States, this topic touches on many fields and is truly global in scope. Where do SIPA students stand on the issues surrounding water and what perspectives can they offer on how water resources contribute to development, trigger conflicts or natural disasters, and transform cultural practices?   What are the most critical issues that water is raising today? We welcome contributions from all SIPA students, with a premium on first-hand reporting.   SIPA News would like to take its readers into small towns suffering from droughts, bring attention to innovative water development projects, or give them a front row seat in the debate about water-sharing policies. We’re looking for colorful stories about real people. If youd like to write for us, please send your proposals by Friday, July 16. Proposals should be at least one full paragraph and be representative of your writing. Clips are also welcome.   We need your feature stories (around 1000 words), shorter articles, and photos.   Final drafts of all submissions must be received by September 15.   We look forward to hearing from you. Best wishes, Whitney Eulich (wae2101@columbia.edu) Marie OReilly (mao2137@columbia.edu) SIPA News co-editors

Chemistry Trivia Quiz

The Federal Government Should Legalize Recreational Marijuana

The United States of America is losing a major war: the war on drugs. And it is time for us, as a nation, to admit our country’s drug laws are doing more harm than good. The fight against drugs is not as effective as it was originally envisioned. Both the federal government and states have taken extreme measures and enforced strict laws to keep our cities and neighborhoods free of drugs. However, it is time for a change. And I believe this change should start by settling the conflict between federal and state drug laws. The federal government should decide all drug laws nationwide and give less say to the individual states. With that being said, I think the federal government should legalize recreational marijuana use nationwide and lessen the harsh policies enforced and severe punishment for recreational use of other drugs. By giving the federal government control over the nation’s drug laws and giving the states less say, America’s economy can benefit greatly, it would be easier on law enforcement nationwide, tourism would increase, problems with jurisdiction issues can be resolved, incarceration and crime rates will dramatically drop, and so much more. To start, it is important to know both the federal and state laws. They both cover a broad range of drug-related crimes. So basically, federal drug laws are enforced by officers in the DEA, FBI, Secret Service, and US Treasury Department. On the other hand, state level drug laws are enforced by county, local, and stateShow MoreRelatedLegalizing Marijuana For Open Recreational Use1261 Words   |  6 PagesIn 2014, Florida joined the growing ranks of states that have found themselves engaged in the legislative and moral debates regarding whether the time has arrived to legalize the possession, distribution, and use of marijuana for medicinal and/or recreational use. While hotly debated on both sides, one of the more ironic factors regarding the issue of legalization is that it was found to be perhaps the most logically and fairly debated topics of the state’s recent mid-term elections. The factsRead MoreLegalization of medical marijuana at the federal law Essay1653 Words    |  7 Pagesï » ¿ Why should marijuana be legalized? Marijuana can be argued for different reasons. In my case I will be arguing the medical purposes for legalizing marijuana. Marijuana has positive features, and how people prefer using marijuana. Marijuana helps individuals get through a variety of things that they suffer. Marijuana provides relief from pain, rather than other medications out there. Many individuals prefer marijuana over anything else to relax. An argument on why people using marijuana spend moreRead MoreArgumentative Essay : The Legalization Of Marijuana1293 Words   |  6 PagesArgumentative Essay: The Legalization of Marijuana in the United States Should we legalize marijuana? That is an excellent question. First, we must explore the history of Cannabis. Cannabis was introduced to the United States in the 1600’s, first encouraged by the federal government for domestic hemp production, cannabis soon became a required crop for farmers to grow. Hemp was recognized for its medical benefits and was the main fiber used in industrial textiles. Marijuana thrived until the early 1900’sRead MoreShould Marijuana Be Legalized?1087 Words   |  5 Pagesheard as slang for marijuana. It is a cannabis plant that is most commonly used when the leaves are shredded and then hand rolled into cigarettes to be smoke. Many people see marijuana as a gateway drug, leading to other more hardcore drugs. Which is why it has been made illegal by the United States Federal Government in all 50 states. But some states have decided the federal government does not know what the people of their state do or do not need, so they have legalized mar ijuana for either just medicalRead MoreShould Marijuana Be Legalized?997 Words   |  4 PagesLegalize It: The Benefits of Legalizing Marijuana Should marijuana be legalized? Many Americans have been asked this question or have heard some type of news about the issue. Marijuana is commonly known as cannabis which refers to the dried up hemp plant cannabis sativa, even though marijuana is a plant and has no chemical additives it has been a tropic of controversy for many years but nowadays it is in the spotlight more than ever. For centuries, marijuana has been used by people throughoutRead MoreShould Marijuana Be Legalized?876 Words   |  4 Pagescapable of pursuing criminal charges for marijuana possession, however there is a lack of consensus with regard to the legal status of marijuana in Canada. Where the superior and appellate courts in Ontario have declared marijuana laws to be of no force and/or effect and public opinion polls have found an increasing majority of agreement in that marijuana use should not be a criminal offence, Justin Trudeau announced that the possession of marijuana for recreational and medicina l use would be legalizedRead MoreShould Marijuana Be Legalized?1231 Words   |  5 Pagesshows the positive benefits of marijuana, it remains illegal under federal law. In recent years, numerous states have defied federal law and legalized marijuana for both recreational and medicinal use. Arizona has legalized marijuana for medical use, but it still remains illegal to use recreationally. This is absurd, as the evidence gathered over the last few decades strongly supports the notion that it is safer than alcohol, a widely available substance. Marijuana being listed as a Schedule I drugRead MoreEssay about Should Marijuana be Legalized?968 Words   |  4 PagesShould marijuana be legalized for recreational or medical use? This is a debate that has been happening for quite some time and this is not just a debate that is happening among people. There are many that have taken sides including medical personal and government officials. Currently in the United States there are two sta tes in which recreational use of marijuana is legal; Colorado and Washington. There are three states currently that have pending legislation to legalize recreational use; CaliforniaRead MoreIt Is Time to Legalize Marijana1700 Words   |  7 PagesLegalize It! Growing up, everyone is told that, â€Å"Drugs are bad for you,† time and time again. Now as a kid you don’t really understand the reasoning behind it, but you listen to your authority figure regardless. I remember being told this my entire life and even to this very day. But as I got older I realized that people would still use drugs even though it’’s illegal. I could never understand why someone would go against the law and jeopardize their life just to use drugs? The drugRead MoreShould Marijuana Be Legalized? Essay1265 Words   |  6 PagesMarijuana Legalize; Yea or Nay? Why is pot illegal? Kevin O’Leary an Entrepreneur, Investor, and TV Personality states, â€Å"You either make it illegal, in which case you support a huge underground economy, or you tax it within the limits people can afford.† The legalization of pot will give a wider access for medical use, it will give a boost to the economy, more effective criminal justice and law enforcement, and it has multipurpose value. The country is currently divided on the issue of legalization

What Makes A Good Leader - 1609 Words

Is there agreement across time and cultures as to what makes a good leader? Abstract This paper explores different cultures and past decades of prominent leaders and their leadership style. Were they good or highly unfavourable in their endeavours to move and dent the hearts of the nation or effectively obtain unanimity within their organisations? It is noted throughout history the ways in which leaders chose to exhibit their power and personality. In the following findings, it is evident that there is a vast array of styles and persona’s, but what makes a good leader? Introduction Throughout the growing new generations, countless era’s, destructive and defining crises, crucial revolutions and times of this world, we have experienced†¦show more content†¦Additionally, The U.S. military has studied leadership in depth. One of their definitions is a process by which a soldier influences others to accomplish a mission (U.S. Army, 1983). Leadership as outlined by Steve Zeitchik, (2012) is inspiring others to pursue your vision within the parameters you set, to the extent that it becomes a shared effort, a shared vision, and a shared success and according to Kruse (2013) Leadership is a process of social influence, which maximizes the efforts of others, towards the achievement of a goal. Many might find this to be true as we delve into history’s list of leaders later on; for instance 1963’s racial crisis, looking at Martin Luther King’s potent democratic leadership, World War II’s Winston Churchill’s aggressive autocratic approach and Magaret Thathcer. I will also explore the more controversial ideologies of leadership by examining the embodiment of leadership qualities portrayed by Jesus, The Christ and Adolf Hitler. This study essentially explores cultural sentiments of what is universally seen as a good leader. Main body The years of our existing intelligence have carried particularly bold statements such as to say ‘Leaders are born, not made’. The Great person theory and Trait theory suppose that good leadership is developed or birthed by intrinsic factors which are internal. This suggests, personality characteristics such charisma, confidence, social skills and