Production-possibility frontier In economics‚ a production-possibility frontier (PPF) or “transformation curve” is a graph that shows the different quantities of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points along the curve describe the trade-off between the two goods‚ that is‚ the opportunity cost. Opportunity cost here measures how much an additional unit of one good costs in units forgone of the other good. The curve illustrates that
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Chapter 01 : INTRODUCTION TO P & O MGMT Concept of Production Production : * A crucial function in any organisation * Transformation of a range of inputs into the planned outputs ( goods or services ) meeting laid down quality standards * Step-by-step conversion of one form of material into another form through chemical or mechanical process to enhance the utility of the product to the end users. * Value addition process at each stage * A process by which “goods and
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approximately 13‚000 tons of supplies a day were delivered. The Douglas Aircraft Company‚ whose “C-54 airplanes were the backbone of the campaign”‚ released an advertisement with its headline: “Milk . . . new weapon of democracy (Standage‚ 2010).” The Douglas Aircraft advertisement is portraying the saving grace that was being provided to the Berliners by the airdrops that released supplies by the tons‚ predominantly from Douglas Aircraft planes‚ into West Berlin. Through the dark clouds‚ appear
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The Lincoln-Douglas Debates of 1858 was a very influential event that occurred in American history and has much significance‚ even till this day. The debates were in contest for the United States Senate seat in Illinois. The main topic involved in the debates was based around slavery and the separation of the union because of it. Both Lincoln and Douglas refer to the U.S. Constitution in their remarks and state different opinions surrounding what they interpret the meaning of certain parts regarding
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Management (HRM) thus plays an important function within an organization to manage employment. Being resource-centered on manpower‚ it focuses on recruiting the right people for the right job and set precise directions for employees to meet organization’s goals. As defined by Stone‚ HRM involves the productive use of people in achieving the organization’s strategic objectives and the satisfaction of individual employee needs. (Stone‚ 2005) HRM functions include main activities like Acquisition
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Functions of APEC Asia Pacific Economic Cooperation (APEC) was established in order to enhance economic and diplomatic understanding between Asian and Pacific nations. In the present context of emerging cooperation between Asian and non Asian nations‚ it is important to analyze the functions of this organization. This paper will analyze the role of the APEC from its inception till today. The APEC shows the emergence of economic understanding between the two regions Asia and Pacific. This
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Services New Delhi 1 “One must forever strive for excellence or even perfection‚ in any task however small‚ and never be satisfied with the second best….” …. JRD Tata‚ 1965 2 Outline • About TCS • About Library & Information Services Function (LIS) in TCS • Balanced Scorecard (BSC) • Emerging Practices in LIS - Vision‚ Mission‚ Values of TCS (i) User Perspective (ii) Financial Management (iii) Internal Processes (iv) Learning & Development • End Note 3 Film Journey to Excellence
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The pancreas is a dual-function gland‚ having features of both endocrine and exocrine glands. The part of the pancreas with endocrine function is made up of approximately a million[3] cell clusters called islets of Langerhans. Four main cell types exist in the islets. They are relatively difficult to distinguish using standard staining techniques‚ but they can be classified by their secretion: α cells secrete glucagon (increase glucose in blood)‚ β cells secrete insulin (decrease glucose in blood)
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Production Cost Analysis and Estimation Applied Problems 1. Jennifer Trucking Company operates a large rig transportation business in Texas that transports locally grown vegetables to San Diego‚ California. The company owns 5 large rigs and hires local drivers paid fixed salaries monthly‚ regardless of the number of trips or tons of cargo that each driver transports each month. The below table presents details about the number of drivers and the total cargo transported by the company at different
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Second Opinion by Douglas Dunn is a personal account of his wife being diagnosed with cancer. This account can relate to anyone who has had to watch a loved one be sick and slowly die away. In this poem he talks about sitting in the waiting room of the hospital waiting to be called back for the news. He witnesses people who look healthier than others and a mother who is using a walking stick and her kids look distraught. The doctor comes back and calls him in to let Douglas know his wife has been
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