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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a concept that created a production line of hamburgers that were made before being ordered. This concept pioneered the fast food industry and was in complete contrast to most restaurants that only prepared food after the customer had placed their order. A history was created by McDonald’s system that helped them to undercut competitors by as much as 50%. The growing volumes helped them to reduce more costs from the economies of scale. This was an advantage that is a success for McDonald’s till now
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Assessment method - Written Questions Knowledge criteria Unit Ref QCF641 Title Conforming to General Health‚ Safety and Welfare in the Workplace Assessor name: Assessor Signature: Date: Feedback: Criteria 1.4: State why and when health and safety control equipment‚ identified by the principles of protection‚ should be used relating to types‚ purpose and limitations of each type‚ the work situation‚ occupational use and the general work environment‚ in relation to: – Collective protective
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months at Auschwitz‚ Eliezer and his father endured inhumane treatment and living conditions within the camps. The prisoners are forced to run 42 kilometers in a blizzard following evacuation from Buna. For those who could not keep up‚ the SS had orders to shoot anyone who could not sustain the pace. “Their fingers on the triggers‚ they did not deprive themselves of the pleasure” (pg. 85). Upon their arrival at Buchenwald‚ Eliezer’s father is unable to move. Eliezer brings him soup and coffee
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The Republic written by Plato examines many things. It mainly is about the Good life. Plato seems to believe that the perfect life is led only under perfect conditions which is the perfect society. Within the perfect society there would have to be justice. In the Republic it seems that justice is defined many different ways. In this paper I am going to discuss a few. First I am going to discuss the reason why Glaucon and Adeimantus see justice as being a bad thing and it is better to live a unjust
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second order information. Second order information refers to the conjecture of the background information or concealed meaning of a communicated message. The communicated message’s phrases are analyzed beyond their initial literal meanings in order to decipher any expectations or intentions the message may deliver. Various mediums of communication allow for different ways to interpret second order information and new communicative technologies produce new ways to incorporate second order information
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Introduction to Business Written Proposal Introduction: This report is about Uniqlo’s competitive environment using Michael Porter’s Five Force Model. Uniqlo is a Japanese company which engages in designing casual wear clothes‚ manufacturing clothes and retailing clothes. Uniqlo in Hong Kong has established a profitable business constantly recording extremely high sales on a per store basis. Uniqlo offers fashionable and high quality clothing at reasonable prices‚ and was seized as an opportunity
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Supporting Teaching and Learning in Schools Level 3 Name: Claire Duggan Date:3/12/14 Written questions: Unit 303 Support learning activities (including part of units 332 and 301) (NB: Please also refer to guidance in standards for words in bold) Explain how a learning support practitioner may contribute to the planning
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Narration I went to the Emergency Room for the first time when I was thirteen years old. It all came about when I was skateboarding in front of my grandma’s house and I tried to do a trick. I almost pulled it of‚ but I messed it up in the end and headed to the ground with my hands down. My right wrist was twisted the wrong way in the air when I landed hard on the ground‚ it just broke it. At first it did not hurt at all‚ but when I looked down at my warped and twisted wrist ‚ all of a sudden
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’History is written by the Victors ’: How does this help us to understand English and Spanish interpretations of the Spanish Armada? The English and the Spanish interpretation of the outcome of the Spanish Armada differ greatly. English believed they were the true victors; that God had helped England to defeat the Spanish; for the English throughout history the Armada was seen as part of national identity. However evidence suggests that this may not have been the outcome of the Armada‚ and the victory
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