the constraint that vL+rK=C. Note that maximizing a monotonically increasing function of a variable is equivalent to maximizing the variable itself. Therefore ln(Q)=(2/3)ln(L)+(1/3)ln(K)‚ a more convenient expression‚ is the same as maximizing Q. Therefore the objective function for the optimization problem is ln(Q)=(2/3)ln(L)+(1/3)ln(K). Step 1: Form the Langrangian function by subtracting from the objective function a multiple of the difference between the cost of the resources and the budget
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The Roles and Functions of Law LAW/421 September 9‚ 2012 The Roles and Functions of Law The longest serving Supreme Court Judge William O Douglas most popular quotations is “Common sense frequently makes great law” This quote is what laws are rules and regulations that make common sense is‚ and to enforced ethical decision. Laws help the public as well as keep many parts in community. In business and society laws serve several roles and functions‚ and this paper will discuss those roles and
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inauguration of annual sports events at touheed public school‚ shiruru – a report. By touheededucation Leave a Comment Categories: Uncategorized The inaugural function of the Annual Sports Events of Touheed Public School‚ Shiruru were held at the school grounds on Wednesday‚ 8th December 2010. The function was presided over by Mr. Abdul Hameed Sheikhji‚ (Treasurer‚ Touheed Educational trust‚ Ganguli). Ms. Dilshad Begum‚ President‚ Shiruru Panchayat was the Chief Guest. Ms. Zubeda‚ HM‚
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03. Functions of Management Paper Kristopher Watkins‚ Jovita Romo‚ Tatesha Thomas‚ Markea Walker-Brown Kathryn Shanosk‚ Michelle White‚ Tyrell Hall MGT/312 February 16‚ 2015 Armand Di Cianni Functions of Management Paper All organizations have a set of goals in place to achieve company success. Effective management allows the company to operate efficiently. The cycle of management functions include planning‚ organizing‚ leading‚ and controlling. As a leading global retailer of athletically
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a. Functions of Public Character: The Political Parties are the most important part of any democratic country. The Political Parties mobilize public opinion around their ideologies and contests elections to form a government. Generally an ordinary citizen does not have direct access to the government he can be reached only by his elected representative. Thus it is righty said that government represents will of people. It will‚ therefore‚ not be an exaggeration to say that no Political Party‚ no
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Function of Education on Krishnamurti In The Function of Education Jiddu Krishnamurti argues that the purpose of education is to prepare people for life. That is done by making students feel free‚ so that they can think freely‚ and won’t conform to society. Society is corrupt‚ violent‚ and oppressive. If students don’t think freely they will also be corrupt‚ violent‚ and oppressive. They must think freely so that they will rebel against everything that is wrong with society‚ so that they can
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Travis J. Beasley LAW/ 421 Version1 Contemporary Business Law Role and Functions of Law Mrs. Safiya Byars The United States Constitution states in Article VI that the Constitution‚ and all laws made under it‚ “shall be the supreme Law of the Land”. These laws affect all persons and entities on a daily basis. In business law is often used in larger businesses to make sure the company stays in compliance with all the states laws. Large companies often keep what is called “in-house”
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Introduction Genetics: the science‚ which deals with the principles of heredity and variation. Heredity: transmission of characters from parents to their off spring. Variation: Differences for various characters among the individuals of the same species. Types of variation: 1. Environmental and 2. Hereditary 1. Heredity variation: Variation observed among the individuals of the same species due to difference in their genetic constitution is termed as heredity variation. 2. Environmental variation:
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Table of Contents P1.1 DEFINE ENGINEERING BUSINESS FUNCTIONS. 2 P1.2 Outline the Interrelationships Between Different Processes and Functions of an Engineering Organisation. 4 Analysis techniques. 6 Action plans. 11 P1.3 Organise Work Activities to Meet Specifications and Standards. 14 P1.1 DEFINE ENGINEERING BUSINESS FUNCTIONS. On the whole‚ businesses can be very clearly defined and categorised using government and business standards. These categories include‚ but are not limited
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functions of pressure groups Pressure groups are a vital part of a healthy democracy. Indeed the sustained and rapid expansion of pressure group activity and involvement in the political process is often heralded as a sign of growing political involvement among many thousands of people. Among the role played by pressure groups‚ large and small‚ we can identify the following: Pressure groups Promote discussion and debate and mobilise public opinion on key issues Performa a role in educating citizens
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