Rough Draft – editing is done online Various groups are discriminated against in Khaled Hosseini’s The Kite Runner‚ and endure many hardships to which North American culture would deem inhuman. First‚ the Taliban’s treatment towards their culture is merciless‚ and more times than not they revoke their basic human rights. Following‚ inequity in the novel has gone far as discriminating against one’s family members. Lastly‚ intolerance in the novel has reached a new extreme‚ by physically harming others
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4. Explain why economists usually oppose controls on prices. The reason most economists are usually oppose about price controls is that they distort the allocation of resources. Price ceilings‚ which prevent prices from exceeding a certain maximum‚ cause shortages. Price floors‚ which prohibit prices below a certain minimum‚ cause surpluses‚ at least for a time. For example‚ let’s say that the supply and demand for milk and eggs are balanced at the current price‚ and that the government then fixes
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Explain why market prices are useful to a financial manager. A market price is the current price at which an asset or service can be bought or sold. (investopedia.com). Market prices are very useful to a financial manager. It helps with financial planning and it reflects the value of the assets based on GAAP (which refers to the Generally Accepted Accounting Principles). GAAP is just a set of guidelines that must be followed when it comes to any type of financial practice. Market price is also
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Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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1. Using practice examples explain what is professionalism? 2. What is teamwork and why is this important? Teamwork is the interaction of two or more health professionals who work interdependently to provide patients care. Teamwork means members of the team: are dependent‚ they see themselves as working collaboratively for to improve patient care‚ they share information which may lead to shared decision-making and know when teamwork should be used to optimize patient care. Teamwork is important
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credit points (2%). This extra credit option is for each of the two written assignments. Total extra credit points are 148‚ which is 8% of the total course points. If you use only one reference (for example our text book) when you write your paper‚ you can still add a note in the reference page and list two URLs related to economics. In this way‚ you still can receive the extra credit points. Assignment #1: This assignment supports the lesson objectives Assignment Overview This assignment requires
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The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result‚ alternative theories of the firm were introduced (Sloman & Sutcliffe‚ 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow: The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing
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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
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Why firms go international? There are many reasons can promote firms go international‚ includes the domestic market saturation‚ end of PLC in domestic market‚ geographic diversification‚ to gain the economies of scale‚ stiff competition in domestic market and absence of competitors overseas etc. 1. Some firms go international in order to gain the economies of scale. As a research has pointed out that a doubling of output can reduce the production costs by up to 30 per cent. This is very obvious
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When looking at this question‚ let’s first consider what is meant by vertical separation of a firm. Vertical separation of a firm is when that firm sells the good or service they produce through an independent retailer rather than sell its product itself directly to customers which is vertical integration. So when it come to incumbent firms‚ firms in which are already well established and selling within a market would it be better off if that firm is operated as one firm that is integrated or if
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