LONG-RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION In the long run‚ a firm in the perfectly competitive market can earn only normal profit. So‚ the profit maximization under long run is: (1)Necessary condition P=LMR=LAR=LMC=LAC (2)Sufficient condition Slope of MC > Slope of MR We can establish this condition from the following analysis. In the above diagram for any market price OP1 the existing firms can earn supernormal profit as for the equilibrium output level OQ1. The average
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Michael Mukuru Tumusiime Ms.Higgins US History‚ Period 7 23rd April 2013 The road to justice The road to justice has been and still is filled with a variety of obstacles; that include discrimination on sex‚ ethnicity‚ religion‚ age etc‚ that have troubled many in the past and present where the brave have intervened for belief of what is right and wrong. Yes‚ justice has been delayed but nevertheless we should open our eyes and notice that the end of the road is nearby. One of the major milestones
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treats love as an outside force that affects humans‚ rather than an internal function of free will. Love is at odds with fate as it distracts the victims from their responsibilities. Because of this‚ it suffers at the hands of the gods. However‚ it is through this tragedy that fate will ultimately prevail. A major element regarding the tragedy of Dido is derived from her fidelity to her late husband and the guilt that stems from loving another man. It should be kept in mind that her love and passion
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misconceptions in this world‚ so many people have been confused with regard to the distinction between love and infatuation. Although they have a common denominator‚ they differ as well in so many ways. Apparently‚ we all know for a fact that love is a feeling and so is infatuation. They are both intense emotions that one feels for another person. But how can we really determine if we are truly in love or just simply infatuated? I would like to thank my ex boyfriends for coming into my life. Because
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Love at the Cornhusk – Aida Rivera Ford Tinang stopped before the Señora’s gate and adjusted the baby’s cap. The dogs that came to bark at the gate were strange dogs‚ big-mouthed animals with a sense of superiority. They stuck their heads through the hogfence‚ lolling their tongues and straining. Suddenly‚ from the gumamela row‚ a little black mongrel emerged and slithered through the fence with ease. It came to her‚ head down and body quivering. “Bantay. Ay‚ Bantay!” she exclaimed as the little
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dated‚ had an urge to do things they are not supposed to‚ made stupid decisions not knowing the consequences of the situation they have put themselves into‚ and it always seems to be that young love can never wait. In William Shakespeare’s play Romeo and Juliet‚ two teenage star-crossed lovers fall in love. Not knowing where this will lead them in the future. The two embark on a short journey of hardships‚ only with the thought and hope‚ one day they will be able to be together‚ without being hated
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manipulation of love and the way love works itself out between various sets of people. It tells the story of characters that encounter chaotic situations of real love and also love that was controlled for the benefit of others. The characters caught up in the "love scandal"� are Oberon‚ Titania‚ Demetrius‚ Lysander‚ Hermia‚ and Helena. All these characters were involved in the different triangles of love presented in the story. The main theme in A Midsummer Nights Dream is the manipulation of love and how
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The new century challenges psychology to shift more of its intellectual energy to the study of the positive aspects of human experience. A science of positive subjective experience‚ of positive individual traits‚ and of positive institutions promises to improve the quality of life and also to prevent the various pathologies that arise when life is barren and meaningless. The exclusive focus on pathology that has dominated so much of our discipline results in a model of the human being lacking the
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Biological Basis of Love The aim of this essay is to discuss and evaluate a more recent area of neuropsychology‚ which is the biological basis of attraction. The focus of the essay will be on how certain brain activities in regions of the brain are associated with feelings of attraction in an individual. These forms of attractions can be seen as types of love towards a potential mate and this essay will be targeted at defining what love is and the type of loves there are. The essay will then link
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She has long black hair‚ oval face and eyes speak. What particularly struck me about her was the smile. She looks so cute when he smiles. She is a form of friends that I can share everything. She always believed and helped me in every situation. She is friendly‚ gentle and endearing all friends. She likes Literacy‚ reading‚ listening to music and go under heaven mua.Chung I have a lot in common with each other‚ has become good friends over the past 5 years. Although time has passed long in any case
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