Saturday, November 16, 2019
Economics 247 Assignment 2 Version A Essay Example for Free
Economics 247 Assignment 2 Version A Essay Economics 247 Assignment 2 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 6 through 10. Answer each question clearly and concisely. 1. In perfect competition, one result of the model was that there were no economic profits in the long run. In a monopoly, the firm typically earns a positive economic profit. Why is there this difference? The lack of barriers to entry will allow competitors to enter the market unil economic profit is zero. These firms are price takers, and they cannot affect prices because their demand curve is horizontal.(4 marks) 2. Assume that a single firm in a pure competitive industry has a fixed cost of $6500 and variable costs as indicated in the table below. a. Calculate the TC, AFC, AVC, ATC, and MC columns for this firm. (5 marks) Total Output TVC TC AFC AVC ATC MC 00 0 600 70,000 1000 76000 1400 81000 1800 87000 2200 90000 2600 93000 2800 96000 3000 100000 3100 110000 b. Explain the concepts of economies and diseconomies of scale, and describe the underlying reasons why both occur. (4 marks) 3. At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces, and it faces an average total cost of $10. At the market price of $12.50 per unit, the firms marginal cost curve crosses the marginal revenue curve at an output level of 1000 units. What is the firms current profit? What is likely to occur in this market and why?(4 marks) P=12.5 TR=P*Q = 12.5 * 1000 = 12500 TC=ATC*Q = 10 * 1000 = 10000 Profit=TR-TC = 12500 10000 = +2500 Profit is positive, but for perfectly competitive markets there will be no profits at all in the long-run, so in this markets new firms will enter market attracted by profits thus increasing market supply and reducing equilibrium price till it reaches close to P=$10, consequently leading to zero economic profits in long-run. For lower price this firm will be pressed to reduce output a bit for new P=MR=MC equilibrium. 4. a.Why would a firm in a perfectly competitive market always choose to set its price equal to the current market price? If a firm set its price below the current market price, what effect would this have on the market? (4 marks) The assumptions of perfect competition that matter here are that in perfect competition 1 every firm is so small compared to the market so as to have no effect on market price 2 everyone is aware of everybodys price. Now if you set a price lower than the market, you are only cutting your nose to spite your face since you would sell as much as a higher price. (Remember, how much you produce is determined by your MC and the output level you produce at is the minimum MC). Cutting the price to sell more also costs more to produce; you are worse off. If you set a price higher than market, noone will buy from you. Explain how a firm in a competitive market identifies the profit-maximizing level of production. When should the firm raise production, and when should the firm lower production? In a perfectly competitive market, all firms are assumed to be very small compared to the market. Now the price is set at the market level, and as a small firm you take it as given; you couldnt sell at a higher price since nobody would buy from you. Now in the long run, you should be at the minimum point of your cost curve, ensuring you make just normal profits. The price is your MR and at the minimum point of your AC curve your MC cuts it: MC=MR and AC=AR. If the market price is higher than this, new entrants will sniff the opportunity created by super normal profits and the market supply curve shifts right/up, reducing price until there are no more super ormal profits to be earned. If market price is lower, then firms are making losses, some exit and supply curve shifts left driving price up. In equilibrium, each firm is producing at the minmum point of the AC, where MC=MR=P. Hence the firm temporarily raises production when Pmin AC and makes supernormal profits until new entrants drive price back down; or lowers production temporarily when P
Thursday, November 14, 2019
Macbeth Character Flaw :: essays research papers
Brian Bozarth                                        Bozarth 1 Mrs. Thurmond English IV – 6 February 22, 2001 Macbeth’s Tragic Flaw      Every one has a character flaw. Some are more serious than others. For instance, some people pick their nose, while others drink milk directly from the carton. After a while a person’s character flaws will come back to haunt them. Shakespeare is a master at pointing out one’s character flaws and showing how those flaw bring down that person or society in general. In Shakespeare’s Macbeth he does just that. Macbeth is a tragic hero whose character flaws are ambition and avarice.      The play opens with Macbeth, a popular noble who quells a military coup against the King of Scotland by a Scottish nobleman, Macdonwald. This is looked at by other nobles as and honorable deed. The King then gives Macbeth the late Macdonwald’s former title. In this instance ambition is a good thing: but alls to week for brave Macbeth – well he deserves that name (I ii 16). The king even said â€Å"O valiant cousin! Worthy gentleman†(I ii 24). His ambition was use to do a good thing, but if you stop to think; would any of this happened had he not killed Macdonwald.      In the next scene we see the witches doing things that witches like to do. Then enters Macbeth with Banquo. They spot the witches and Banquo insults them. The witches turn to Macbeth and tell him he will be king: All hail, Macbeth, that shalt be king hereafter (I iii 50). That single line is what sparks Maspeth’s evil ambition. This is the also the point when Macbeth start to turn evil. The witches also tell Macbeth he will become Thane of Cawdor. Macbeth replies to all this: to be king stands not within the prospect of belief (I iii 75). At this point Macbeth is skeptical, but then Ross tells him he is thane of Cawdor. Macbeth starts to believe he can become king. He is now successor to the throne of Scotland.      Since Macbeth is heir to the throne of Scotland, all he has to do is get rid of King Duncan. In scene IV Duncan names his son the Prince of Cumberland. Macbeth is outraged:           The Prince of Cumberland! That is a step           On which I must fall down, or else o’erlap,           For in my way it lies. Stars, hide your fires;           Let not light se my black and deep desires:           The eye wink at the hand; yet let that be
Monday, November 11, 2019
Playing Beatie Bow Essay
Kirk was a happy young girl who was cheery and enthusiastic towards her parents and life, until the day her father went off with another woman leaving her and her mother (Kathy). Lynette wanted nothing to do with her father so she changed her name to try and get everything about him out of her life. After wanting to be named after a witch she changed her name to Abigail, which her grandmother suggested. She went down to the park with her young next door neighbours Natalie and Vincent, finding them playing a game called, ‘Beatie Bow’. After becoming very interested in a little girl that stood there watching them play (Little Furry Girl) she decided to follow her. This was after having a fight with her mother, when she told Abigail that she had been seeing her father again and that he wanted the two of them to move back in with him and live in Norway where his architectural job was located. Abigail did not take this news well – She went for a walk to cool off, when she once again saw the little furry girl and following her found that she had followed her back into her own time of 1873. She got tripped over by the Little Furry Girl’s father, then found herself at their house. Further into the novel the character Granny (Alice Tallisker) told Abigail that she was ‘the stranger’ and had ‘the gift’. ‘The gift’ came from the crochet on the top of her dress which enabled her to travel and heal. Later in the book it mentions that the crochet was made by Granny. She falls in love with Judah, who was betrothed to Dovey, and realised firsthand what it’s like to love somebody but no be able to have them. This helped Abigail realise that she should not be selfish towards her parents and should let them have a second chance of a decent life and marriage. During the time that she was in the past Abigail matured by being influenced by the people that surrounded her, the world in which she lived and the events which occurred there.
Saturday, November 9, 2019
Opening Scenes of Shakespeare’s Twelfth Night Essay
Throughout the beginning scenes of Twelfth Night Shakespeare uses dramatic comedy as a main way to create humour to the audience. The shock factor creates a comical atmosphere to the beginning of the play, and the form in which Shakespeare introduces the character’s expresses effectively each character’s over exaggerated personality creating dramatic comedy. As twelfth night is a comedy but is all about mistaken identity and love Shakespeare had to reveal the comedy in discreet ways to make the humour natural and the only way this could be produced was through dramatic forms creating the comedy through over exaggeration. Orsino’s introduction throughout Act 1, Scene 1 creates a comical effect at the beginning of the play through the hyperbole of his love for Olivia, his love is exaggerated from the beginning of the play and creates dramatic comedy for the audience as they recognise he is not in love with Olivia but is in fact in love with the feeling of being in love. The false view of love Orsino shows humours the audience as they realise he only cares for himself and not Olivia, throughout the scene he expresses how in love he is however he does not use Olivia’s name until line 20. The audience can see through this false view of love yet the audience can see Orsino does not recognise his false view of love which adds to the drama of the beginning of the play. Shakespeare uses the form of Orsino’s lengthy speech in this act to add a dramatic effect as it enhances the way in which Orsino’s character puts forward his personality and makes everything even more exaggerated. ‘If music be the food of love, play on;’ The play begins with a metaphor comparing music to food this helps to express Orsino’s feelings as when people are in Orsino’s situation they tend to indulge in food similarly to Orsino’s self-indulgent. Orsino’s self-indulgent is the main focus of Act 1, Scene 1 and creates a dr amatic effect to the very beginning of the play as the audience are humoured by the drama of Orsino’s character. This scene certainly shows dramatic comedy as the audience laugh at Orsino’s unawareness however they sympathise for Orsino as he gets rejected. Although the audience think that Orsino does not love Olivia they still feel sorry for him as he makes such a drama out of the situation and does not move on with his life because of it, however the audience also laugh at this as Orsino believes he is so in love he does not understand his own feelings. Act 1, Scene 2 shows the drama of Viola’s character which creates entertainment for the audience as Viola plans to pretend to be a man. This is an unexpected event to be seen at the time which Shakespeare wrote the play and therefore added dramatic comedy to the beginning of the play. The audience were unable to empathize with Viola’s situation as it was overdramatic and therefore found it humorous. However Act 1, Scene 2 shows farcical comedy through Viola’s disguise rather than showing typical dramatic comedy. Viola is a major character which progresses the plot of the play and therefore although in this scene the audience begins to see the drama of her character they do not fully see the comedic value of her dramatic character as they do not understand the situation properly. Act 1, Scene 3 creates dramatic comedy through Sir Andrew’s stupidity, and the fact that he also want’s Olivia. This scene shows the drama of both utterly different people wanting Olivia and therefore introduces comedic factors, as Sir Andrew tells himself he is unable to woo Olivia he plans to leave however Sir Toby manages to ensure Sir Andrew stays in Illyria cleverly by informing him Olivia does not want anyone above her status, the hope from this situation creates dramatic comedy to the audience. Act 1, Scene 3 is mostly general comedy through mockery. ‘Good Mistress Mary Accost’ Andrew thinks Maria’s name is Mary Accost when in fact Accost means to woo her. Sir Toby mocks Sir Andrew for this however it does not show typical dramatic comedy as it is just exaggeration of Sir Andrew’s personality which makes the audience laugh. Dramatic irony throughout Act 1, Scene 4 is the focused point for the dramatic comedy produced. ‘And all is semblative but a woman’s parts’ the irony of this creates comedy to the audience through the drama of Viola’s character as Shakespeare purposely ensures the audience know Viola is a woman whereas Orsino is unaware of Viola’s secret. Scene 1, Act 5 once again shows the over exaggeration of Olivia’s character can cause humour towards the audience. ‘you will be hanged for being so long absent’ it is unlikely Olivia will sack Feste for being missing however the drama of this creates humour at the start of this act however when Olivia enters she has a joke with Feste. Viola also visits Olivia on behalf of Orsino and more dramatic irony is shown. ‘ I am not what I play’ these hints cause humour to the audience as the audience understand what the hints the characters do not even notice and then Olivia instantly clicks with Viola showing that Olivia is going to fall in love with Viola, this creates typical dramatic comedy throughout the opening scenes as it is wrong of Olivia to like Viola as she is not what she seems and this adds to the drama of the play as the audience feel sorry for Olivia as she is not in the plan and therefore is being lied to. The opening scenes of Shakespeare’s twelfth night are typical of dramatic comedy as the audience find humour within the situations the characters of the play see as serious. The beginning of the play does not show ordinary comedy but instead only humours the audience through dramatic events which are not necessarily comical but the way in which they are shown to the audience make the audience laugh. However the opening scenes are mainly a way to introduce characters and therefore do not hold many events which show dramatic comedy and the scenes involve more farcical comedy and dramatic irony, the exaggeration of characters and events is the main humour behind the play. Comic confusion also is a major factor of the audiences humour at the beginning of the play as Viola dresses as a man this disguise causes misunderstanding for Orsino who thinks she is a man and as the play proceeds through the theme of love causes more confusion and continues this humour throughout the play. Therefore the opening scenes of twelfth night do not produce as much dramatic comedy as the rest of the play as it is an introduction to the further dramatic events however the opening scenes do hint at dramatic comedy.
Thursday, November 7, 2019
The Roles of Science and Religion
The Roles of Science and Religion Free Online Research Papers â€Å"Science today is as much a natural product of history as any religious system.†The term ‘natural product of history’ is coined from the idea of beliefs, practices and objects being changed through time and inevitably, the process of creating these products, somehow or rather, tend to involve human activity. The effects and suggestions to the statement â€Å"Science today is as much a natural product of history as any religious system.†as related to the study of science and religion will be discussed further in this essay. The study of religion attempts to recognize the different aspects of religion through the use of intellectual disciplines. There are various reasons as to why a student chooses to study religion. Possible reasons could be the impact of religion upon global politics, the claim that religions convey truths by which human beings should live, to understand the influence of religion upon other disciplines of high historical values such as art and music, and could also be to find a religion in which to believe in. To be a good student of religion, one has to practice open-mindedness and learn to co-exist with another individual with a different religious belief. Putting own practices and assumptions aside, a good student of religion detaches himself from his own religion and is able to typify religions like how objects are typified. In short, the way to study religion is to be an outsider. In the study by Eileen Barker on Transcendental Meditation, or TM as it is widely known, Barker, an expert on new religious movements, took an approach as an outsider and discussed on the status of TM. Analyzing the practices and beliefs of TM compared to common religions such as Christianity, Buddhism, Hinduism and Islam, Barker felt that TM is not a religion, but a religious movement. Of course, to provide such a definition or rather explanation as to whether a discipline is a religion or otherwise, careful analysis has to be made. To aid such analysis, students of religions made use of different methodologies in identifying a religion from another. A student could use definitions of religions in his analysis of a religion. There are two types of definitions which a scholar can use to distinguish the characteristics of religions – Functional and Substantive Definitions. While using substantive definition is found to be narrow, many scholars favor using functional definition. A functional definition concentrates not on what religion is but on what these beliefs and practices do for the individual or social group. One approach to functional definition would be using Ninian Smart’s 7-dimensional model of religion. Smart’s model is found to be flexible and is designed to be specific. It studies religion from an objective point of view. However, in any study models, there are sure to have weaknesses. Therefore, it is essential for a scholar to be practical and explicit in their search for evidence. A dimensional model of religion, on its own, is probably insufficient. A better approach to define religions would then be using both functional and substantive definitions and models in combination. The history of man has shown the constant influences of religion, and so the study of religion, involving the effort to recognize its significance, its origins, and its countless forms, has become progressively more important in this modern time. Scientific discoveries and systems began to challenge religious beliefs. Known scientists like Galileo and Newton all played considerable roles in challenging the standard views at their time. While science is based on observation, religion makes point of view analytical in nature and requires some unquestioned faith. In spite of leading human through somewhat different course, both try to uncover the basic. Thus, the goal, in both cases, is to establish the elements of what shape the reality. Science is always based on evidence, trial-and-error, about observation and investigations, while religion is neither. Science is governed by natural laws and understandable in mathematical and physical terms. Many people trust the information science offers rather than religion because the facts that science offers seem to be more trustworthy. No matter how true these facts are, one still has to go back to the initial point before making any judgements. Let us now return to the underlying principles that govern the study of science and religion. The two principles, namely naturalism and symmetry are highly observed by historians of science. In the case study of Christian dogma in Baur and the Tubingen School, the approach to the analysis is considered symmetrical. This refers to the knowledge and claims on all sides that is explained symmetrically, without respect to who was or is now though to be right or wrong. On the other hand, the approach to naturalism is to treat religious or scientific ideas with natural explanations rather than supernatural. An example would be the products of ordinary historical causes and effects. This is more likely to be used by outsiders of religions. Just as the study of religion has their method to help students understand its process and history, Science historians too adopt their own methodologies. The two-track method and contextualist method both have their own strengths. Whichever methods one choose to use, the important things to ensure are there should not be any personal involvements in beliefs and one has to objective in his/her understanding the boundaries between science and religion. Both science and religion have parts to play in the creation of the universe but they just convey themselves in different forms. Neither science nor religion is an infallible method to move towards the nature of reality but when working together they can provide both a question and an answer, just in different ways. (1000 words) Research Papers on The Roles of Science and ReligionCanaanite Influence on the Early Israelite ReligionMoral and Ethical Issues in Hiring New EmployeesBook Review on The Autobiography of Malcolm XGenetic EngineeringRelationship between Media Coverage and Social andComparison: Letter from Birmingham and CritoResearch Process Part OneIncorporating Risk and Uncertainty Factor in CapitalThe Relationship Between Delinquency and Drug UseEffects of Television Violence on Children
Monday, November 4, 2019
The Case Against Affirmative Action Term Paper Example | Topics and Well Written Essays - 1250 words
The Case Against Affirmative Action - Term Paper Example However, according to many critics, such rules are not needed in today’s society and due to the rules certain issues are mandatory to be created. One such instance regarding the particular minority rules was seen in the Supreme Court some years ago. It involved the issue of admission in the University of Michigan. The regulations of that university were following the point system in which the possible applicants got rated. For a minority group, the points score got doubled to become a perfect SAT score (Fryer, 2005, p.147). As a result, three white students submitted a lawsuit on the basis of race discrimination. According to the regulators of university, we desired diversity and by applying affirmative action we can avail the real diversity. Affirmative action makes the discrimination opposite (Herring, 2012, p.630). The main reason for devising the rules under affirmative action is to prevent discrimination and biased action of the co workers, employees and students on the b asis of color but on the contrary to this, the rules produce the opposite results. White people who are in majority and work really hard to achieve the position have to follow strict regulations because they are majority. Opposite to many set stereotyping, most of the minorities lies under the middle or upper level of the society and white people having poor life style. Undoubtedly, as the set standards for the minorities has made the down trodden white majority students who believe in discipline and constant efforts will not preferred over the wealthy minority students, who lack the traits of hard work and efforts. The standard for accountability diminishes due to affirmative action, which is essential for the students and workers to give best performance. In case if a student belongs to a minority group gets admission in Harvard at 3.2 GPA then the aim of getting 4.0 GPA will not be there. Though, there are people that can motivate themselves to achieve better results however, the re are few that require a constant push from others to do so. If the standards of admission and employment will become lower, the level of accountability also gets lowered. It is important to consider harwork, achievement and discipline as the rewardful acts and a student lacking all these basic aspects should not be getting equal or preferential treatment over other students. Certain students that are preferred on such basis are most commonly ill-equipped to manage the conditions and regulations of university or school of admission. Consider the situation when a minor baseball player preferred to be the captain of a major team and when a science project participant is opted for a rocket science task in NASA. The possibility to get success in both cases is very minimum however; in both situations the individual will feel ill-educated for the needed effort. Similarly, in Harvard and Yale universities, the standard of GPA and SAT is much higher and cannot be achieved by everyone. But it is due to the affirmative action, minority individuals with less GPA and SAT score get the chance to become the part of it. The affirmative action will cause a color blind society. when an individual apply for a job for an admission in school, there is no reason to ask the skin color, height or eye color as the only parameter to judge
Saturday, November 2, 2019
Walden by Henry Thoreau. What Ann Dillard and Henry Thoreau has in Essay
Walden by Henry Thoreau. What Ann Dillard and Henry Thoreau has in similarities - Essay Example The book is a work of the author’s self-discovery, the discovery of individuality and the discovery of the right path to lead a life of peace and satisfaction. The author harps on how human being wastes their labor on â€Å"excessive toil†(Thoreau) but fails to acquire the â€Å"true integrity†(Thoreau). Taking a cue from the work of Henry Thoreau and inspired by the author, the book, Pilgrim at Tinker Creek by Annie Dillard revolves around the Dillard’s life about how she spent her life in the Tinker Creek of Virginia. Dillard spends her days in the lap of nature by walking through the woods, watching the cows, ducks, frogs, and observing the praying mantis pod which is evident when she talks about her spending time by sitting â€Å"on a fallen trunk in the shade and watch the squirrels in the sun†(Dillard, 6). She spends her life amidst the nature, â€Å"A couple of summers ago I was walking along the edge of the island to see what I could see in the water, and mainly to scare frogs†(Dillard, 7). The writing reveals her alternate revelation of the natural beauty and the philosophical muse. Through the book the author makes an attempt to explore the true characteristics of nature that surrounds the living world. The author pens down her thoughts as she observes the harmony of nature at the eponymous Tinker Creek during her stay at the place. The book is a work of chronicle, science, anthropology, myths, and way of life, divinity, and environmentalism. The book reveals the existence of the mixture of sublime character and a horrific character in the Nature. (Dillard) However despite the similar themes in the works, there are some differences in their approaches. Walden is a work of Henry Thoreau that mainly revolves around his stay at the woods by the side of the Walden Pond, where he went for the quest of self discovery, as he feels that human beings spent their time in â€Å"mere ignorance and mistakes†(Th oreau). On the contrary Anna Dillard’s stay in the forest has been mainly to understand the true character of the Mother Nature and discern her natural world. It is a book that navigates between the paradox of celebrating and mourning, â€Å"I used to have a cat, an old fighting tom, who would jump through the open window by my bed in the middle of the night and land on my chest†¦Ã¢â‚¬ ¦Some nights he kneaded my bare chest with his front paws, powerfully, arching his back, †¦Ã¢â‚¬ ¦ And some mornings I’d wake in daylight to find my body covered with paw prints in blood; I looked as though I’d been painted with roses.†(Dillard, 3) Dillard’s writing explores between the true nature of the red stains- was it the bloodstain or the roses painted. She makes an effort to know the answer of whether nature is that harmonious and unified system that operates according to the principles of co-dependence and compassion or it is the force, which is h ardhearted and unthinking and has an eerie mystery and obscurity in it. (Dillard) Thoreau’s book is more about renouncing the worldly pleasures an idea of â€Å"get away from all†whereas, Dillard’s stay is more about finding the true aspect of Nature and to discover the mysticism in it. While Walden reveals that Thoreau was not living the life of a hermit, which is evident from the chapter â€Å"Visitors†when he says â€Å"I have had twenty five or thirty souls with their bodies, at once under my roof†, Dillard’s writing reveals that there was no connection with the community. Thoreau withdrew from the community to lead a life, which is prophetically outside the society, but the writing of Dillard reveals the escapist nature of the author when she says, â€Å"I shy away from the arts, from the emotional human stew†¦and I drive myself deeper and deeper into exile from my own kind.â€
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