technology generated by a production function f(x) = x2 . The production set is Y = {(y‚ −x) : y ≤ x2 } which is certainly not convex‚ but the input re√ quirement set is V (y) = {x : x ≥ y} which is a convex set. 1.2 It doesn’t change. 1.3 1 = a and 2 = b. 1.4 Let y(t) = f(tx). Then dy = dt so that 1 dy 1 = y dt f(x) 1.5 Substitute txi for i = 1‚ 2 to get f(tx1 ‚ tx2 ) = [(tx1 )ρ + (tx2 )ρ ] ρ = t[xρ + xρ ] ρ = tf(x1 ‚ x2 ). 1 2 This implies that the CES function exhibits constant returns to
Premium Utility Supply and demand Economics
What is an International Freight Forwarder? ... "Once upon a time‚ people thought of customs brokers and freight forwarders as simply agents somehow linked to the shipping industry. Now‚ at last‚ these go-betweens are being given their due as crucial middlemen in making life easier for importers and exporters. .... Simply put‚ the freight forwarder is the cargo expediter. As intermodal transportation becomes more complex‚ the job of freight forwarder becomes more essential and difficult.
Premium International trade Transport Commercial item transport and distribution
Organizing Function of Management While companies must still have organization charts to define the ultimate accountability‚ three inter-related developments have intervened to push the conventional organization chart into the background and change the role of management. These developments have been the increasing volatility of the environment in which a company does business‚ the increased speed of business and the advent of information and communications technology. Companies have adapted to
Premium Management Organization
Business Functions and Process an exclusive report on external stakeholders Module: Business Fuctions and Process Moudule Leader: Student Name: Mengying Zhang Student ID: 11061928 Word Account: 4‚929 Content Introduction 1 External Stakeholders and the Organisation 2 Sustainability 3 Globalisation 4 Corporate Social Responsibility 4 Diversity 4 Business Innovation 5 Creativity 5 Enterprise Development 6 Knowledge of Management 6 Risk Management 6 Operation
Premium Management
structures which are thalamus and hypothalamus. These two structures play a lot in our senses and important roles like sexual activity and sleep. The telecephalon initiates voluntary movement and interprets sensory input. It also mediates complex processes such as speaking‚ learning‚ and problem solving. The information below will be describing the five major structures and the functions that take place in the human body from the major structures in the brain. The myelencephalon is made up
Premium Cerebral cortex Cerebrum Brain
Constitutional Laws Constitutional law is the branch of law relates the relationship between the judiciary‚ the legislature‚ and the executive. Constitutional law is responsible for setting out the government’s general operating framework. Constitutional laws usually determine the scope of the terms contained in constitutions‚ and their applications. Constitutional laws cover various areas of law‚ such as individual rights‚ relationships between various bodies of governments‚ legislative
Premium Human rights Law Civil and political rights
Lipids are made up of carbon‚ hydrogen and oxygen (phospholipids also contain phosphate) and are found in a wide variety of organisms from bacteria to eukaryotes where they perform a wide variety of useful functions. This essay will expand on these functions to describe the role of lipids. There are several types of lipid including triglycerides‚ steroids‚ waxes and phospholipids. Triglycerides are made up of three fatty acids combined with glycerol by an ester linkage meaning they are predominantly
Premium Cholesterol Fatty acid Fat
Empire; and the functions of griots in serving their king. Sundiata is born to Sogolon‚ and is supposed to become the king of Mali‚ but Sundiata cannot walk until he turns 11 years old‚ and his half brother‚ Dankaran Touman‚ becomes the king. Dankaran exiles Sundiata and his family‚ and Balla Fasseke‚ Sundiata’s griot‚ prepares the family for exile. During exile‚ Sundiata gathered a very strong army‚ with dreams of taking his rightful place as king of Mali. Griots have many functions and to attribute
Premium Sundiata Keita Mali Empire
------------------------------------------------- Functions of Mass Communication W right (1960) characterizes seven functions of mass communication that offer insight into its role in our lives. * Surveillance. The first function of mass communication is to serve as the eyes and ears for those of us seeking information about our world. When we want to find out the latest news about what’s happening‚ we can turn on the television‚ surf the internet‚ or read a newspaper or magazine. We rely
Free Sociology Mass media Media
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
Premium Management