AF2601 Introduction to Economic Written Report 6.1 a) Consider a monopoly facing the following demand and MC curves: Demand: P = 12 – 0.002 Q MC: MC = 3 + 0.001 Q (i) Calculate the profit maximizing output of this monopoly. Ans: The output level of monopoly to maximize profit is MR=MC. As‚ P=a-bQ‚ the MR curve will be MR=a-2bQ‚ So‚ 12-2(0.002Q) = 3+0.001Q 12-0.004Q = 3+0.001Q 9 = 0.005Q Q = 1800
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In the Culture and religion of the Yuan dynasty it is said that Genghis Khan is credited with the title of master to the Quan zhen religion so that he could govern all the national Daoism groups. Every base of religion and culture that Genghis Khan was credited for was actually just based off of what Kublai Khan felt was important during his reign as emperor. Part of the reason that the Yuan was open to more religions was because of the Mongolians‚ they were very smart and open to different things
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The Song Dynasty The Song dynasty lasted over 300 years‚ from 960 to 1279. Their history is divided into two periods of Northern and Southern Song. The Song period was one of China’s most peaceful and prosperous era. However the Song government was corrupt and weak. The Song Dynasty‚ or Sung Dynasty was a period in which the Chinese government was very weak. In the beginning General Chao K’uang-yin‚ also known as Sung T’ai Tsu‚ was forced to become emperor in order to unify China. Sung
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Running head: LIFECYCLE OF AN EMPIRE Lifecycle of an Empire Melissa Mize World Civilizations to 1500 Abstract Dynasties or empires have a natural life span just like humans and usually only last three generations. There are many reasons as to the decline; bureaucratic corruption‚ inequitable economic burdens‚ costly technology‚ moral decline or even external enemies to name a few (Upshur‚ Terry‚ Holoka‚ Goff‚ & Cassar‚ 2002‚ p. 171).
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Written Task 2 – Text Shame by Dick Greggory This essay will discuss an episode from the autobiography by Dick Gregory‚ Nigger (1964)‚ entitled Shame. Here‚ the author talks about one of the most important lessons he learned during his childhood: the world is not equal to everyone‚ and does this by telling his experiences lived in his school and neighborhood‚ all with the aim to present the difficulties that he and his social group faced during the forties in the United States. Using this
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AF1605 Introduction to Economics TUT006 Problem Set 8 Written Report 8.1 Suppose that the economy of FarFarAway is described by the following equations: i. Planned consumption: C = 1000+0.8(Y-T) ii. Planned investment: I = 2000-1000r iii. Planned government expenditure: G = 2000 iv. Planned net export: NX = 90 v. Income taxes: T = tY vi. Income tax rate: t=0.20 vii. Real interest rate: r = 0.05 viii. Potential output: Yf = 15000 a. What is the
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The Collapse of Qing Dynasty The Qing dynasty (1916-1912) is the last imperial dynasty of China‚ it was consider as the most powerful country during the “golden age” ruled by Kang Xi and Qian Long‚ and it has over 400 million population and has the 1st ranked GDP in the world at the moment. The Qing has the supreme power at the time and has the significant influence in East Asian. However‚ the collapse of the Qing Dynasty made a humiliate history of China. The Qing dynasty doesn’t fall suddenly
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Song dynasties of China‚ one must wonder how two cultures with such vast differences could be so similar. China was a unified nation‚ which was ruled by a monarch with complete power‚ while Europe on the other hand was separated into over 60 different kingdoms‚ each of them were served by their own lords who had commoners working for them. During the Tang Dynasty‚ women‚ especially those from elite families‚ lead a life with very few constrictions‚ but that all changed when the Song Dynasty took
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The Ming Dynasty ruled ancient China for almost three hundred years‚ establishing a significant role in the history of China through its structured government. “At its peak‚ the Ming Dynasty made China a global superpower‚ influencing the known world in trade‚ culture and might” (Barksdale para. 1). The Ming Dynasty was the last of the Chinese dynasties to be ruled by the native Han Chinese. During the Ming Dynasty‚ the arts flourished‚ including literature‚ pottery‚ painting‚ and music. Similar
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Reasons for Decline of Tang Dynasty There were four reasons leading to Tang’s decline‚ among which the dominance of the eunuchs‚ the separatist regions of Fanzhen and clique conflicts were internal factors while peasants’ uprising was the external factor. First‚ the dominance of eunuchs during this dynasty was unparalleled in Chinese history‚ much more rampant than that of Eastern Han Dynasty (25 - 220) and the Ming Dynasty (1368 - 1644). From the late period of Emperor Xuanzong’s reign‚ the
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