Sunday, November 10, 2019

What’s Gone Wrong with the Third Italy

Msc BUSINESS ADMINISTRATION INTERNATIONAL BUSINESS CONTENT Introduction p. 3 Early glitches of the SMEs within the industrial districts p. 5 Analysis of two of the regional clusters at stake p. 6 What went wrong? p. 7 Concluding remarks p. 9 References p. 10 Introduction The purpose of this paper is to determine to which extent the economic areas known as ’Third Italy’ have not managed to achieve the well-desired status. The local development model has been presented as the perfect small-scale flexible capitalist type that has adopted a post-Fordist mode of production (Grancelli, 2007).The economic cluster referred to as Third Italy, was founded in the post-war period (1950s and 1960s) when the global economy was going through hard times of recovery. In the north-east part of Italy a new type of firms was developed. The question may be put why didn’t the other two important industrialized districts known as First Italy (the industrial heartland of the North) and the Second Italy (the backward South) have become the regions of wealth and economic growth.The answer lies primarily in the cultural values: the local culture of entrepreneurship and cooperation (Boschma, 1998) that to some extent doesn’t apply for other Italian regions. The following figure displays accurately the industrial zone of Italy: According to Bagnasco (1977) from a economic point of view Italy was divided into the ’Three Italies’: the North-west, the big companies, was tagged as ’central economy’, the shallow regions of the South seen as ’marginal economy’ and the central-North-eastern regions- known as Third Italy- haracterized by the presence of small firms that are defined as ’peripheral economy’. Nonetheless, the way in which the Third Italy region was defined didn’t hide the real facts; when compared to the North-west typology, productivity per worker and work unit-costs were sensibly lower. But t his didn’t disable the central-north-east cluster to have a significant development process that is confirmed by: a reduction of agricultural employees, an increase in manufacturing workers, growth in resident population, and an upward trend in Italy’s industrial national product (Bianchi, 1998).The â€Å"Third Italy† region, also referred to as Emilia-Romagna, forms a north-eastern group of counties that propelled themselves to a position of prosperity between the relatively wealthy north-western triangle of Italy and the relatively impoverished Mezzagiorno region south of Rome (Walcott, 2007). Localized production centres utilize export-oriented niche specializations to create place-based economies supporting local firms. Related residents supply both low labour costs and endogenously accumulated capital.Light industrial products include foods, clothing, shoes, furniture, and metal work for a craft-based market. Building on a textiles and leather goods special ization, that demands rapid responses to a notoriously fickle fashion market, familial and other locally forged trust-based ties enabled local star â€Å"Benetton† to become an international fashion retail chain. Knowledge of the local market was so finely tuned that offerings were famously differentiated even within the same city (Walcott, 2007).External economies of place propelled tightly organized local regions to maximize returns based on clearly defined sectoral specialization. In one example clearly defying physical topography, Silicon Valley imitators sprang up around the globe as hopeful high technology havens. A real estate set-aside does not an industrial district make, however (Walcott, 2007). Early glitches of the SMEs within the industrial districts In the early 1990s the one of the menacing forces against the Italian industrial clusters was the post-industrial transition.The internationalization of the economy endangers the developing process of small-scale fir ms. One good argument is the external market that provides expanded multinational, multi-product, multi-market companies (Holland, 1987). Even if the European Union is trying to help out these businesses by adopting policies and programmes the structural problems are not accurately aimed (Dastoli and Vilella, 1992: 179). Firms part of the Italian industrial district were running short of breath confirming that the market by its self regulation has launched an attack to the ’small is beautiful’ saying.Innovation plays a key part in the life of small and medium enterprises (SMEs) from the industrial clusters. It is noticed a decline in the importance of factors sources of external economies) that empowered the initial outset of the firms. The long used external sources were starting to lose grip in the face of the needed environmental efficiency (Bianchi, 1998). The changes that had to be performed weren’t a walk in the park. According to Bianchi (1990): the local entrepreneurs’ social culture and the past history successes disable the belief of urgent innovation investment.Also, economic barriers have prohibited small firms to access the large scale research and development, marketing and etc. (Regini and Sabel, 1989). Furthermore, two additional problems sprung up from the innovation process that need to be taken into consideration: ’product innovation’ in those zone of production with a highly design content that subtracts the formal innovation side rather than the technological innovation, because the first one includes creativity, imagination and taste, factors that are not easily obtained in business-set like this.The other difficulty is process innovation meaning that adopting a higher technological labour focused system would both increase productivity and decrease costs (Bianchi, 1998). Hadjimicalis (Hadjimicalis, 2006) introduces a set of arguments that could nevertheless be the real ones behind Third Italyâ₠¬â„¢s downturn. ’The lack of attention to the role of state’ implies the obsolete focus on different direct and indirect protectionist measures and regulations as in the work of radicals Stoper (1997) and Scott (1988).The most important protectionist measures as the Multi-Fibre Agreement that went in favour for Italy’s blooming manufacturing industries. The regulatory decisions have protected Italy along with other countries from ’unlimited competition’ in garments and textiles from the menacing low waged countries in the Eastern part of the world. Another governmental intervention was the fiscal regulation which consisted the hedging the exchange rates for the lira due to the devaluations throughout the 20th century and one of them when Euro currency was adopted in 2001.An interesting fact is that all those authors that supported the theories behind Third Italy industrial clusters as (Asheim 1999, Becattini 1990, Cooke 1988) haven’t seen th e harsh reality of such a business type: poor working conditions and safety conditions, longer work hours and low paid working hours. All the other specific characteristics of the small-scale enterprises from the region as: flexibility, innovation and embbededness of small firms (Hadjimichalis, 2006). Another term that was used to explain the success of Italian IDs is ’social capital’.It is the theoretical concept that has been used by various authors. A good perspective is seen through the lenses of Hadjimichalis: ’From individuals to communities, from firms to families, from cooperation to competition, from working conditions to unions, from trust and reciprocity to corruption and from the success to the failure of a place, all are called social capital’, this explaining clearly the real trend of firms within the Italian industrial clusters. Analysis of two of the regional clusters at stakeThe most remarkable evolution oscillations can be outlined in Em ilia-Romagna and Veneto provinces, where ’industrialisation without breaks’ (Fua,1983) was followed by a third party strategy ’without breaks’ which means that the regions have gained the prestige of stability organisms within the frontier of national development. The Piedmont and Lombardy are also good examples for the comparative advantage of their early launch and the lasting predominance of their industries provided the solid foundations for a strong post-industrial transition (Bianchi, 1998).Tuscany, on the other hand, has badly faced up to the need to restructure during the 1980s. Its historical memory describes best the anti-industrial attitude of its ruling class. Differences between the two provinces within the Third Italy are clear. The Emilia-Romagna’s type of industrial development is seen as unique and deeply rooted in the region’s culture and entrepreneurial activity (Heidenreich, 1996) and when compared to Tuscany’s ina bility to cope with a model of development that seems inapplicable to the case.Table 1 underlines the two differences in between the two regions described above. What went wrong? The industrial district of Third Italy (IDs) have suffered severe changes during the early 1990s because of the demand fall for Made in Italy products along with the emergence of new lower waged Eastern Europe companies and developing countries (Grancelli,2006). The active devaluation of the lira due to the euro introduction had a significant impact on the upward trend of Italian exports.The small-scale enterprises that have set a foothold into the creation of the so-called Third Italy region, were basically family businesses which put all into a network bowl had formed the leading industrial area of Italy and a model to follow on by the emerging countries. Following the same idea it could be said that the demographic decline has started a process of ’social construction of the market’ (Bagnas co ;amp; Triglia 1984; Dei Ottati 1995; Provasi 2002).The financial global crisis has put its fingerprint on the actual Italian industrial districts, but those enterprises that could jump incremental innovation and ensure a competitive position globally had somewhat survived the impact (Whitford, 2001). The latter example of firms shows that they have created vertically integrated organizational blueprints, and made foreign direct investments in contrast to the swept out firms that have just relocated part of their production (Grancelli, 2006) to low pay working force or to attract foreign workers in the home production facilities.According to Hadjimichailis (2006) : The erosion of the Italian industrial clusters was made through: ’ Relocation of production in Eastern Europe in search of low labour costs’ and this gave birth to: a severe increase in unemployment percentages and adding the hiring of immigrant workers within the Italian borders. Hadjimichailis (2006) als o introduces the ’bloody Taylorism’ term which is used in relation to the destination markets of the Italian entrepeneurs, Eastern Europe countries.This is used in connection to the SMEs of Veneto which were thought to re-establish Fordist factories due to delocalization processes. One example is the relocated production quotas abroad which ranged from 23% to 45% that resulted in a decrease of 28% of employment, 38% of production units in the region. This being said, the following concluding remarks could be made: ’Fordism is not only alive and well at the global scale, but it also returns as a solution to Italian firms’ from the industrial clusters, which were the models of flexibility and industrial district mythology (Hadjimichailis, 2006 : 95).The eastern slide of some of the sub-contractors from the Third Italy confirms the ideology that coordination between subsidiaries abroad and the parent company could not be only made through tacit knowledge of skilled workers and technicians remains an important factor even in a globally set value chain (Biggero, 2006). Those actors that have relocated their business into the Eastern part of Europe, Romania or other Balkan countries are seen as ’extroverted actors’ that also maintained relations within the home country district (Tappy, 2005).An important technological disequilibrium was introduced in the late 1960s – plastic materials for ski boots – by the lively research of external knowledge through some of leading firms. Another challenge of the north-eastern industrial clusters is the superior technological level of the products and putting a foot in the door of appealing mergers and acquisitions. Old, traditional and family driven businesses that are identified within the Third Italy areas need to see the ever changing strategy patterns as to going from a production to design phase which could attract cost diminishing (Cooke, 1998).It must not be neglecte d the power created by the tight bonded social network that has nurtured its roots for more than 50 years and before de ’90s has raised economic analysts’ eye browses throughout the world. Concluding remarks In order to survive, Italian industrial districts need to be fulfilling the following two conditions: their social and geographical division of labour remains globally competitive as compared to similar areas, sectors and other forms of industrial production, and their internal system of social reproduction remains unchallenged. Hadjimichalis, 2006) Mergers and acquisitions with famous brand names could be live threats for the small business embedded firms from the industrial zones of Italy. The power of Fordism has not dawned; in fact there is an increase of business deployment using this theory mainly in the Eastern countries. De-localization breaks the mesmerizing effect of small-scale flexible companies and builds up the multinational company picture having ver tical integrated characteristics.The presence of a huge wave of non-EU immigrants also changes the parameters of the Third Italy’s rather stable local social structure, with a cap on immigrations that could preserve craft traditions and the reproduction of skills. Even though ’Third Italy’ concept is turning ethereal, the back stage offers the resources, specific capabilities and core competencies developed throughout the years by the district firms to achieve competitive advantage in their markets but also to allow their sub-parts within the industrial system (Schiavone, 2004).As theories claim Third Italy revolves around the social capital theories that also could be a driver for economic performance (Granato et al. , 1996). In addition to too little social capital, too much social capital could have a negative impact on economic performance (Boschma and Lambooy, 2002). Finally, it could be assumed that the process of rethinking and reorienting of Third Italyà ¢â‚¬â„¢s entrepreneurial and family based firms has done a significant change to whole industrial aggregate. References Asheim B. (1999), â€Å" Interactive learning and localized knowledge in globalising learning economies†.Geojournal 49(4):345–352 Bagnasco, A. ,Trigilia, C. (eds) (1984), â€Å" Societa e politica nelle aree di piccola impresa: Il caso di Bassano, Venezia: Arsenale Editrice. agnasco†, A. ,Trigilia, C. (eds) (1984), Societa e politica nelle aree di piccola impresa: Il caso di Bassano, Venezia: Arsenale Editrice. Becattini G. , (1990) â€Å"The Marchallian industrial district as a socio-economic notion. In F Pyke, G Becattini and W Sengerberger (eds) Industrial Districts and the Interfirm Co-operation in Italy† (pp 132–142). Geneva: ILO Bianchi, G. (1998), â€Å"Requiem for the Third Italy?Rise and fall of a too successful concept†, Entrepeneurship;amp; Regional Development, 10 (1998), 93-116. Biggero, L. (2006), â€Å"Indus trial and knowledge delocation strategies under the challenges of globalization and digitalization: the move of small and medium enterprises among territorial systems† , Entrepreneurship and Regional Development, 18: 443-471 Boschma, R. A. , and Lambooy, J. G. 2002. â€Å" Knowledge, market structure and economic co-ordination: the dynamics of industrial districts. Growth and Change† 33 (3): 291-311. Boschma, Ron A. , Kloosterman R.C. (1998), â€Å"Learning from Clusters: A Critical Assessment†,  © 2005 Springer. Printed in the Netherlands. 139–168. Cooke P. , (1988) â€Å" Flexible integration, scope economies and strategic alliances: Social and spatial mediation†. Society and Space 6:281–300 Cooke P. , Morgan, K. (1998), â€Å" The Associational Economy†, Oxford: O. U. P. Dastoli, P. V. and Viclla, G. 1992â€Å" La Nuova Europa. Dalla Comunita all' Unione (Bologna: II Mulino) † Dei Ottati, G. (1995), â€Å"Tra mercato e com unita: Aspetti concettuali e ricerche empiriche sul distretto industriale†, Milano: F.Angeli. Fua, G. and C. Zacchia (1983) (a cura di), â€Å" Industrializzazione senza fratture, Bologna: Il Mulino†. Granato, J. , Inglehart, R. , and Leblang, D. (1996). â€Å"The effect of cultural values on economic development. Theory, hypotheses, and some empirical testsâ€Å". American Journal of Political Sciences 40 (3): 607-631 Grancelli, B. , Chiesi A. M. (2006), â€Å"Elites-in-the-making and their organizational behaviour: Cases in Russia and the Balkans†, in B. Dallago (ed. ), Transformation and European Integration. The Local Dimension, London: Palgrave. Holland, S. 1987), â€Å"The Market Economy, From Micro- To Meso-Economics† ( London: Weidenfeld ;amp; Nicholson). Hadjimichalis, C. (2006), â€Å"The End of Third Italy as we knew it ? â€Å", Editorial Board of Antipode. Published by Blackwell Publishing, 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden, MA 02148, USA Heidenreich, M. 1996 â€Å"Beyond flexible specialization: the rearrangement of regional production orders in Emilia-Romagna and Baden-Wurttemberg†, European Planning Studies, 4: 401-420 Makdisi S. , Casarino C. , Karl R. E. , â€Å"Marxism Beyond Marxism† Routledge, London, 1996, pg. 155Provasi, G. (2002) (Ed. ), â€Å"Le istituzioni dello sviluppo, Roma: Donzelli Regini, M. and Sabel†, C. 1989 Strategic di riaggiustamento industriale (Bologna: II Mulino). Schiavone ,F. , Dezi L. (2004), â€Å"Managerial Styles within an Italian Industrial District:Two different successful storiesâ€Å" Scott A and Storper M (1988) â€Å"The geographical foundations and social regulation offlexible production complexes†. In J Wolch and M Dear (eds) The Power of Geography (pp 21–40). London: Allen and Unwin Storper M (1997) â€Å"The Regional World: Territorial Development in a Global Economy†. New York: Guilford Tappi, D . 2005) â€Å"Cluster, adaptation and extroversion. A cognitive and entrepreneurial analysis of the Marche music cluster†, European Urban and Regional Studies, 12/3: 289- 307. Walcott, Susan M. (2007) â€Å"Wenzhou and the Third Italy: Entrepreneurial Model Regions†, Journal of Asia-Pacific Business, 8: 3, 23 — 35 Whitford, J. (2001), â€Å"The decline of a model? Challenge and response in the Italian industrial districts†, Economy and Society, 30/1: 38-65. ——————————————– [ 1 ]. Theory that appeared after the ‘Fordism’ period in which a mass consumer was targeted, products standardized and costs lowered. Post-Fordism’ is characterized by ‘flexible specialization’ based on dense networks of flexible, strongly related, mostly small and medium-sized firms in mainly craft-based industries that are concentrated in specialis ed industrial districts(Boschma,1998). [ 2 ]. Copyright 2010 privileges set. [ 3 ]. SME-small and medium enterprises [ 4 ]. Putnam’s work on Italy (1993), Porter’s on clusters (1998) [ 5 ]. (Casarino, 1996) – After the Industrial Revolution, a mechanical engineer called Frederick W. Taylor proposed a new way to organize factories and shop floors with what he called the â€Å"Scientific Management†.

Friday, November 8, 2019

Israel Essays - Anthrozoology, Fish, Oily Fish, Scombridae

Israel Essays - Anthrozoology, Fish, Oily Fish, Scombridae Israel Teams of archaeologists were excavating in Israel when they came upon a cave. Written across the wall of the cave were the following symbols, in this order of appearance: A woman, a donkey, a shovel, a fish and a Star of David. They decided that this was a unique find and the writings were at least three thousand years old. They chopped out the piece of stone and had it brought to the museum, where archeologists from all over the world came to study the ancient symbols. They held a huge meeting after months of conferences to discuss the meaning of the markings. The president of the society stood up and pointed to the first drawing and said: This looks like a woman. We can, therefore, judge that this race was family oriented and held women in high esteem. You can also tell that they were intelligent, industrious, inventive, and resourceful. The next symbol resembles a donkey, so, they were smart enough to have animals help them till the soil. The following pictograph, the image of what appears to be a shovel of some sort, which indicates that they had tools at their disposal to make their work more efficient and purposeful. Even further proof of their high intelligence is the next picture, that of a fish, which clearly means that if a famine had hit the earth, whereby food did not grow, they would take to the sea for food. And finally, the last symbol, evidently a Star of David, although somewhat primitive in design, indicates that these early inhabitants were indeed Hebrews. The audience of archaeologists applauded enthusiastically. Suddenly, an old man stood up in the back of the room and said, Idiots! Hebrew is read from right to left! It says: Holy Mackerel! Dig the Ass on that Woman!

Wednesday, November 6, 2019

Economics and Figure Essays

Economics and Figure Essays Economics and Figure Paper Economics and Figure Paper Essay Topic: Economics |1. |The total product curve: | |B) |will become flatter as output increases, if there are diminishing returns to the variable input. | Use the following to answer questions 2-3: [pic] |2. |(Table: Total Product and Marginal Product) The marginal product of the second worker is: | |C) |20. | |3. |(Table: Total Product and Marginal Product) The average product of the fourth worker is ________ units. | |B) |22. | Use the following to answer question 4: Figure: Total Product [pic] |4. |(Figure: Total Product) As units of labor are hired between quantities L1 and L2, ________ is ________ and ________ is ________. | |A) |total product; rising; marginal product; positive | [pic] |1. |(Table: Output and Costs) Using the information in the table, when quantity equals three, average total cost equals: | |D) |17. | |2. Cindy operates Birds-R-Us, a small store manufacturing and selling 100 bird feeders per month. Cindys monthly total fixed costs| | |are $500, and her monthly total variable costs are $2,500. If for some reason Cindys fixed cost fell to $400, then her: | |B) |average total costs would decrease. | |3. |Rebecca knows that Becca Furnitures marginal cost curve is above the average total cost curve. This means Becca Furnitures | | |average total cost curve: | |A) |must be rising. Use the following to answer question 4: Figure: Short-Run Costs II [pic] |4. |(Figure: Short-Run Costs II) At six units of output, average total cost is approximately: | |C) |$170. | Use the following to answer questions 1-2: Figure: Cost Curves [pic] |1. |(Figure: Cost Curves) If a firm faced a long-run average total cost curve as shown in the figure, and it expected to produce | | |100,000 units of the good in the long run, the firm should build the plant associated with: | |B) |ATC2. |2. |(Figure: Cost Curves) If a firm currently was producing at point C on the ATC2 in the figure but anticipates increasing output | | |to 225,000 units in the long run, the f irm will build a ________ plant and experience ________. | |D) |larger; diseconomies of scale | |3. |A manufacturing company that benefits from lower costs per unit as it grows is an example of a firm experiencing: | |A) |increasing returns to scale. |1. |A decrease in demand and a decrease in supply will lead to a(n) ________ in equilibrium quantity and a(n) ________ in | | |equilibrium price. | |A) |decrease; indeterminate change | Figure: Average Total Cost Curve [pic] |10. |(Figure: Average Total Cost Curve) In the figure, the total cost of producing five pairs of boots is approximately: | |A) |$408. | Figure: A Perfectly Competitive Firm in the Short Run pic] |17. |(Figure: A Perfectly Competitive Firm in the Short Run) The firm will shut down in the short run if the price falls below: | |D) |P. | |18. |(Figure: A Perfectly Competitive Firm in the Short Run) The firms total revenue from the sale of its most profitable level of | | |output is: | |A) |0GLD. | Use the following to answer question 20: [pic] |20. (Table: Marginal Benefit, Cost, and Consumer Surplus) The table shows six consumers willingness to pay (his or her individual | | |marginal benefit) for one iTunes download of a Jack Johnson song. If the marginal social cost is constant at $0, then the | | |efficient price is ________ and consumer surplus would be ________. | |A) |$0; $37 | Figure: The Restaurant Market [pic] |25. |(Figure: The Restaurant Market) The figure shows curves facing a typical restaurant in a community. Assume that many firms, | | |differentiated products, and easy entry and easy exit characterize the market. If the restaurant shown here is typical of others| | |in the community, then in the long run, we would expect to observe: | |B) |new restaurants entering the market. | |26. |The kinked demand curve model assumes that: | |B) |rivals will follow a price decrease but not a price increase. | Next exam 11/16 |1. Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run | | |equilibrium. Subsequently, an increase in population increases the demand for haircuts. In the short run, we expect that the | | |market price will ________ and the output of a typical firm will ________. | |A) |rise; rise | Use the following to answer questions 2: Figure: Profit Maximizing [pic] |2. |(Figure: Profit Maximizing) The figure shows cost curves for a firm operating in a perfectly competitive market. If the market | | |price is P4, the firm will produce quantity ________ and ________ in the short run. | |B) |q3; make a profit | |3. |In the perfectly competitive guidebook industry, the market price is $35. A firm is currently producing 10,000 guidebooks; | |(Figure: Profit Maximizing) The figure shows cost curves for a firm operating in a perfectly competitive market. If the market | | |average total cost is $38, marginal cost is $30, and average variable cost is $30. The firm should: | |price is P3, the firm will produce quantity ________ and ________ in the short run. | | | | | |C) | |produce more guidebooks, because the next guidebook produced increases profit by $5. | | | |4. |Consider the following data for a perfectly competitive firm: price is $9, output is 30 units, and average total cost is $7. The| | |firms profits are equal to: | |A) |$60. | |5. |A perfectly competitive firms marginal cost curve above the average variable cost curve is its: | |B) |short-run supply curve. Use the following to answer question 6: [pic] |6. |(Table: Variable Costs for Lots) During the winter, Alexa runs a snow-clearing service, and snow-clearing is a perfectly | | |competitive industry. Her only fixed cost is $1,000 for a tractor. Her variable costs per cleared lot, shown in the table, | | |include fuel and hot coffee. What is Alexas shut-down price in the short run? | |B) |$15 | |1. |The city bus system charges lower fares to senior citizens than to other passengers. Assuming that this pricing strategy | | |increases the profits of the bus system, we can conclude that senior citizens must have a ________ for bus service than other | | |passengers. | |C) |more elastic demand | |2. |Kaile Cakes is currently producing 10 cakes per day. The marginal cost of the tenth cake is $24, and average total cost of 10 | | |cakes is $6. The average total cost of 9 cakes is: | |A) |$4. | |3. |Many furniture stores run â€Å"Going out of Business† sales but never go out of business. In order for the shut-down decision to be | | |the appropriate one, the price of furniture must be ________ than the ________ average variable cost. | |B) |lower; minimum | Use the following to answer question 4: Figure and Table: Variable, Fixed, and Total Costs [pic] [pic] |4. |(Figure and Table: Variable, Fixed, and Total Costs) In the figure, the marginal cost of increasing production from 19 to 36 | | |bushels of wheat is: | |B) |$11. 76. | Use the following to answer question 5: [pic] |5. |(Table: Demand for Lennys Coffee) Lennys Cafe is the only source of coffee for hundreds of miles in any direction. The demand | | |schedule for Lennys coffee is given by the table. If Lennys marginal cost of selling coffee is a constant $2, his | | |profit-maximizing level of output is ________ cups at a price of ________ per cup. | |A) |four; $6 | |6. |At 76 units of labor, a firm finds that average product of labor equals 39. 6 and marginal product of labor equals 42. 9. We can | | |conclude that the average product curve at 76 units of labor is: | |A) |upward-sloping. | 7. |The slope of a long-run average total cost curve exhibiting diseconomies of scale is: | |C) |positive. | Use the following to answer question 8: Figure: Revenues, Costs, and Profits III [pic] |8. |(Figure: Revenues, Costs, and Profits III) In the figure, if the market price is $8, the profit-maximizing quantity of output | | |is: | |A) |0. | |9. One government policy for dealing with a natural monopoly is to: | |B) |impose a price ceiling to eliminate any economic profit. | Figure: Revenues, Costs, and Profits [pic] |10. |(Figure: Revenues, Costs, and Profits) At the profit-maximizing qu antity of output in the figure, total revenue is $________, | | |total cost is $________, and profit is $________. | |B) |90; 70; 20 | |1. |A farm can produce 1,000 bushels of wheat per year with two workers and 1,300 bushels of wheat per year with four workers. The | | |marginal product of the fourth worker is: | |D) |150 bushels. | |2. |Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run | | |equilibrium, and that the price of each candy cane is $0. 10. Now suppose that the price of sugar rises, increasing the marginal | | |and average total cost of producing candy canes by $0. 05; there are no other changes in production costs. Based on the | | |information given, we can conclude that in the long run we will observe: | |A) |firms leaving the industry. | Use the following to answer question 3: [pic] |3. |(Table: Production of Cabinets) The table shows how many cabinets your firm can make with a variable quantity of labor hired. | | |After which worker does the firm begin to experience diminishing returns to labor? | |B) |second | Use the following to answer question 8: [pic] |8. (Table: Costs of Producing Bagels) Average total cost reaches its minimum value for the ________ bagel. | |C) |fourth | Use the following to answer question 13: [pic] |13. |(Table: Soybean Cost) The costs of production of a perfectly competitive soybean farmer are given in the table. If the market | | |price of a bushel of soybeans is $15, how many bushels will the farmer produce to maximize short-run profit? | |B) |5 | Use the following to answer question 14: Figure: A Firms Cost Curves [pic] |14. |(Figure: A Firms Cost Curves) The curve labeled V represents the firms ________ curve. | |C) |marginal cost | Use the following to answer question 17: Figure: Profit Maximizing [pic] |17. |(Figure: Profit Maximizing) The figure shows cost curves for a firm operating in a perfectly competitive market. Which of the | | |following statements is true? | |B) |AFC is represented in this figure by the vertical distance between Curve N and Curve O at any level of output. |

Sunday, November 3, 2019

PERSUASIVE WRITING Essay Example | Topics and Well Written Essays - 1000 words

PERSUASIVE WRITING - Essay Example Among such organizations is the one called â€Å"Feed the Children, Inc.†. It was founded in 1979 in Oklahoma City, and today it works all over the world. As it is mentioned on the official website of â€Å"Feed the Children†, the organization â€Å"exists to end child hunger† and has the mission of â€Å"providing hope and resources for those without life essentials† (Feed the Children, Inc., 2014). Overall, the focus of the organization is to deliver food, drugs, clothes and other necessities to children and their families who lack them all over the globe. Every person can lend a helpful hand and support children in need as the organization presents a range of unique opportunities for those who wish to help out, such as sponsoring a child, volunteering, and organizing special projects (â€Å"Feed the Children, Inc., 2014). The first unique way every person can help a kid in need presented by â€Å"Feed the Children† is called â€Å"Sponsor a Child†. The essence of this option is that the organization gives the opportunity for those who want to be engaged in a program to change a life of a particular child. As the website goes, â€Å"for only $30 a month, you can have a powerful impact in one child’s life; you’ll stop her stomach from growling, give her clean water and send her to school† (Feed the Children, Inc., 2014). For children who live in the developing countries, even thirty dollars can be of a great support and can â€Å"help rescue a boy or a girl from the enemies of childhood – hunger, disease and poverty† (Feed the Children, Inc., 2014). This option allows searching and choosing a child one wants to help; by this, one’s support becomes not only more personalized but more controlled as well because a sponsor has an opportunity to commun icate with the kid he/she decides to help through letters, photos and important information as well as regular updates on the child’s health and well-being. In a course of one month,

Friday, November 1, 2019

Steve Jobs, a Modern Hero Essay Example | Topics and Well Written Essays - 1500 words

Steve Jobs, a Modern Hero - Essay Example He was among the most influential persons in the globe for the last four decades. So influential he was, but not without authority. He assembled a team that was accordingly competent and conformed to his commands with total fealty. Not just his death, his resignation as Apple’s Chief Executive Officer was a total anguish to the world. The public response to the tremendous death was that only seen in cases involving tales about epic heroes. Like a modern hero, he accepted assistance from his fellows as well as subordinates. In addition, he inspired those he worked with to be better. Fearless to dream, he invented technologies that extremely fulfilled the lives of countless people. This paper focuses on the life of Steve Jobs as a modern hero, triumphing via initiative, technology, and will power, who looks at things from a global perspective. Born on February 24, 1955 to an unmarried Joanne Simpson and Abdufattah Jandari in San Francisco , Steven was given up to adoption and adopted by Clara and Paul Jobs of California who brought him up . His adoptive parents cherished and nurtured his curiosity in electronics. He dropped out of college in 1972 when he felt his parents were struggling too much to educate him and he was still not sure of what he wanted. He foremost saw a computer terminal at NASA’s Ames Research Center. ... His engineers at Apple tailored the idea to come up with two great computers, the pricier Lisa and Macintosh (Iwatani & Fowler Web). After this, one invention came after another, from the ‘graphical’ PC of 1984 to Pixer, Apple completely changed the world of computers. It kept building new and better innovations under the guidance of the competent Jobs. He was once pushed out of Apple for eleven years due to discrepancy with Sculley. Even when out of Apple his dream remained sentient, and he opened another company ‘NEXT’. He later rejoined Apples, to find it struggling to remain in the picture but he invigorated the company (Robertson Web). Most fancied of his inventions is the launch of iPod in 2001, a pocket garget that could lug up to 1000 songs. Next came the touch screen iPhone in 2007 coupled by Apple’s App Store in the subsequent year. In 2010, arrived the iPad. These and other innovations ranked Apples as the second biggest company by 2011 in United States. Though most felt that creation of iPad was unimportant, Steve wizardly convinced the world to accept and buy the tablet sized all touch computer. Jobs ideas resulted not only in Apple’s success but also fashioned everything, from Hollywood to music industry. They changed PC as well as digital media industries (Robertson Web). Jobs unreservedly transformed the field of technology, completely revolutionizing the word. He had an entirely diverse way of envisaging things, always believed in himself and brilliant enough to implement what he contemplated. No hero lacks rivals, and Steve did have some, Bill Gates a computer intellect like Jobs was one of them. The difficult path full of the setbacks and disappointments he had to follow to be triumphant as well as the challenges he came across but

Wednesday, October 30, 2019

Litigation and Midwifery Essay Example | Topics and Well Written Essays - 1000 words

Litigation and Midwifery - Essay Example Knowledge on which persons are allowed to file a claim, which places can the claims be filed, the time that the claim has to be filed, and how the claim is to be filed is also necessary. There exist several types of litigation. These include business litigation, commercial litigation, public interest litigation, personal injury litigation, mesothelioma litigation, civil litigation, and patent litigation (Laws.com, 2011). Business litigation refers to a particular field of law that handles disputes that arise between businesses and individuals or between two businesses. The law states that all businesses ought to operate under a specified code of ethics while at the same time carry out practices that are legal. A business may fail to operate legally and in the process result in the loss of finances by a client or harming the client. Such a client has the legal right to file for business litigation. In many instances, such cases essentially seek financial settlement. A criminal sentenc e may be awarded in some cases for the immoral conduct by the business entity (Laws.com, 2011). Commercial litigation refers to an area of law that is concerned with disputes that involve commercial companies or businesses. In most cases, the legal disputes that fall under this category are usually with regard to disagreements between the companies. This type of litigation focuses on legal disputes that may be emanating from drafting of contracts, mergers between companies, and real estate laws. The companies may disagree on management of property and finances. In most of the cases an out of the court solution is sought by the litigators and litigants (Laws.com, 2012). Public litigation refers to an area of law to covers all wrong-doings, incidents, and /or legal situations that affect the community’s well being. Interestingly this type of litigation is initiated by the court. The court system is responsible for initiating this legal proceeding. Although many view it as a rel atively new type of litigation, it has featured prominently in environmental law practice. Any action taken by an individual or by a corporation that results in inhibiting a particular society’s progress or damages a necessity is punishable under this type of litigation. Public Interest Litigation is an attempt to fulfill the guarantee of fundamental rights that citizens have been guaranteed (Kirpal, et al, 2000). In certain cases that involve injury to persons, legal processes may be initiated in order to realize the dispute. These legal proceedings are referred to as Personal Injury Litigations. In a typical case, an individual filing for this type of a case seeks to be compensated for injuries. This type of litigation arises from the deliberate or negligent action by a given party that precipitates to the physical injury of another party. Many clients are advised to seek the advice of the PIAB (Personal Injuries Assessment Board) as a first step towards seeking compensatio n. The PIAB provides an assessment for victims of personal injury and are seeking compensation. It assesses victims of injury at the workplace, public liability accidents and motor accidents (Malcomson Law, 2008). Mesothelioma litigations are common litigations that focus on companies that expose their employees to asbestos without protecting them against it or without even warning them.

Monday, October 28, 2019

CD for Holden Essay Example for Free

CD for Holden Essay How have you been? I have actually missed you a lot. The other day, I took a road trip with my parents and I thought of you. I remembered how you told me you wanted me to burn a CD with music for you. Thus, I listened to my iPod the whole way and selected many cool songs that I think you would like. Please get back to me and tell me which ones you liked and all. Also, I know you told me to only put around 10 songs but I could not contain myself and I chose 16 of them. I hope you will like them, because to tell you the truth all of these songs kill me. The first song I chose to put in the CD is 3 Cigarettes by The Sleeping. Besides the beat and instruments that are cool as hell, the lyrics really remind me of you. First of all, there are the obvious connections to cigarettes, which seem to be one of your passions. Also when he says I have been drinking more and eating less reminds me of you. It is pretty much all that you have done lately, smoked, drank, and thought of Jane. Just remember that just like they say we dont have to blame ourselves you should not blame yourself for everything that has been happening. Finally, the line Do you care? Are you there? Are you listening? kills me and I am sure it will kill you too. It is calling for peoples attentions, it is calling all those phonies and it makes me wonder if anyone really cares about me. I am sure it will make you feel the same way too. The next song I chose was Through the Glass by Stone Sour. I think that this song is talking about an insider who became a stranger and now they are looking from the outside back in. This makes me think of you because many times throughout your life you have alienated yourself. You just look from the outside as time passes by and sometimes you feel like going back in, and being an insider again but you dont. The phrase Im looking at you through the glass; dont know how much time is passed. Oh God it feels like forever makes me think of you a lot. Because you are always thinking about how quickly time passes by. It seems like you have been alienating yourself for a long time now, it feels like forever. The next song on your CD is Tears in Heaven by Eric Clapton. I just had to add this one. I know that you are really sensitive about your brothers death and all, and you dont like talking about it. However, I think that the sooner you face reality the better it will be for you and everyone. This song was made for his son who died. He was very meaningful to Eric Clapton just like your brother Allie was to you. I know you so well, that I am sure that you have wondered about many of the things that this song is stressing about. Such as if Allie would remember your name, and if it would all be the same. Also, there is a bigger picture to it. I remember about an specific conversation with your sister Phoebe you told me about. She asked you to name one thing you really liked and you said you really liked Allie. I think you should listen to lines such as Cause I know I dont belong here in heaven and Cause I know I just cant stay here in heaven. The bigger picture that these lines are showing and I am trying to prove to you is that as much as you love Allie you have to let him go. You are both in different worlds now, and wherever he is, you dont belong there. At least not yet. Holden, you should really get on with your life and just keep with you all of the good memories you have with Allie but let him go. It is the best thing to do. I am sure you will enjoy quite a lot the next song I picked out for you. It is a classic by the great band Pink Floyd. This one is called Another Brick in the Wall. You might have heard of it already. The meaning of the song is to say that in school they treat us all the same and they do not respect that everyone is a separate and different individual. Pink Floyd is saying that this is all false control and they are putting all the students together and trying to make them all the same, therefore losing their individualities. I can tell that you will agree with these lines, and that they will really kill you. When they say All in all its just another brick in the wall, the meaning is that every single one of us students are just a tiny brick of the wall of hypocrisy, superficiality, and shallowness that they are trying to build. They are the ones that you every so often refer to as the phonies. That is what I think this song is criticizing, phonies who try to make everyone be the same. They try to make everyone be like them. Hopefully there are still people out there, like me and you, who are going to fight this and knock down this wall of phonies. The next song I picked is called Boys Dont Cry by The Cure. It makes me think of you and Jane. When I listen to it, I think of how you like Jane so much and she is the only girl that you truly care about but you wont tell her. Just like the song is describing, you often say I would You mention things that you would do, such as give her a buzz, and visit her, and ask her on a date. However, you never do any of it. The line boys dont cry is obviously making a critic to some boys like you, who would rather hide their feelings and appearing tough instead of telling the truth and possibly crying. I love the line I try and laugh about it hiding the tears in my eyes and the one I try to laugh about it; cover it all up with lies. Both of these lines are very strong. They also show things that you do. You often act all nonchalant and like giving Jane a buzz is just something you would do any day. However, I think it is much deeper than that. You are scared of being rejected by her because she is the only one you care about. So, you just act casual and cool about it and lie and hide your feels for her. The next song, The Permanent Rain by The Dangerous Summer follows the same line as the one before. I think that just like the singer is saying, I wont let this die, you shouldnt let what you have with Jane die. You and her both have a really strong connection and bond. I think it would be very sad if you did not do anything about it. I think you should go and tell her how you feel. It is really the best thing to do. When he says, I know its not helping to hear me say: I wish it was me in the car the other day really makes me think of you as well. Even though you have never actually told her about it, you have wondered for a long time about her and Stradlater in his teachers car. You wonder about what happened and you cannot help but wish that it were you with her in the car instead of Stradlater. Finally, when the line You know it meant a lot, but I was just a kid comes up it seems like it was written for you. You were both too young to fully understand the connection that you both h ad. Now, I think you are old and mature enough to understand it and your relationship with Jane should mean even more if you tell her how you feel. The next song, however, is not about Jane. It is about High School, hence the name High School Low by Say Anything. Just like you, the guy in the song is sixteen. He is also worrying about things such as the whole high school experience, and girls. I find there is even a connection to you when he says, My teacher says that Im brilliant. It reminds me of how Mr. Spencer would try and get the best out of you. He did not say you were brilliant, however, he acknowledge that you had so much more potential than the one you were showing with your poor grades and test scores. The passage about looking at pictures of himself when he was a child can also be compared to you. I know that you have often thought about how it is such a horrible experience having to grow up and all, but we will get to this topic later. To do with the whole grades issue, he also says My grades look pretty damn low. I want to motivate myself, but how the hell am I supposed to work. This is something that is so similar to you that it could have come out of your mouth. At the same time that you realize that your grades are low and you need to make an effort, you dont know how to. You are confused about what you should do that would motivate yourself. I remember you told me that when your psychoanalyst asked you if you would apply yourself when you got back to school in September you said you did not know. I mean of course you want to, but as you said it yourself, you are not able to tell how you are going to behave. One phrase that is constantly repeated is take me away. Just like you, this boy wants to run away from these high school days and from all the phoniness and move on to a better part of life; be it the past or the future. Speaking of phonies, this is what my next chosen song is about. It is called Mutiny! by Set Your Goals. This song is clearly criticizing people. In my opinion, it is criticizing the phonies. What leads me to think this way is when things such as superior, you are inferior and heroes have betrayed are said. This is talking about people who think that they are better than other s when they really are nothing special. It is also talking about how people can just betray you and change all of the sudden. Finally, the line I will find the line and cross it every time reminds me of you. It reminds me of how you many times alienate yourself as a form of protection. Therefore, I think that crossing the line is a symbol for you of that crazy red hunting hat you wear. You wear it to prove your point and to show people that you dont care and youre fine with being different. This is nothing else but a way of crossing the line. The next song I chose is called Flake and it is by Jack Johnson. In case you dont know, a flake is someone who says that they will go somewhere or do something and then they dont. Am I the only one who sees a resemblance here to you?! Yes, I am going to start talking about Jane again. You seriously have to stop saying that you will call her, unless you are actually planning on doing it. Otherwise, you are just flaking. The strong line It seems to me that maybe pretty much always means no is what I feel sometimes when you start talking to me about her. You say that you might call her if you feel like it. Now, I am starting to see it as something you just have to say to feel good about yourself, to show that you have the power to call her. I think you should not flake Jane. Besides that, it is a great song and I really love the instrumental and the beat for it. I am sure you will love it too! The next song I picked is a slow one. I find it truly beautiful. It is called Cannonball by Damien Rice. It is also a love song. What I think it is talking about is about someone whom he really loves but that he cannot be with for a reason or another. He talks about how he remembers the girl all the time, and the things that remind him of her. I think that the way he feels about this girl is just like how you feel about Jane. It reminds me of how you remember her because of little things such as how she always kept her kings on the back. This song also brings up the issue you have of lying and it claims that the issues he had to face in life when dealing with love are the ones that made him be like that. It also reminds me of you when he mentions that It is not hard to fall when you float like a cannonball because you can often be very heavy and therefore you sink into your issues like a cannonball sinking down in an ocean. My favorite like on this song, however, has to be the last one. It says when you know that you just dont know. I think it is talking about when people are confused and how it takes courage, to even admit that you are lost. Speed of Sound by Coldplay is also sort of a slow song. The main point to this song is that it is talking about time. I think that Coldplay is trying to show how everything moves so fast, like the speed of sound. Time goes by too quickly, Holden. I know you have already realized that before, considering how you have told me countless times and made me notice that once we notice everything has already happened. This song could have been sung by someone who is waiting on a platform and they are noticing how fast things happen. It also talks about the issues we all have with dealing with this fast-moving time. Be prepared because this next song I am about to introduce to you will kill you. I am serious. It is called Forever Young and it is by Alphaville. It is impossible for me to listen to it and not think of you. The main point to this song is the fact that we all get old. The singer obviously wants to be forever young just like you! You tend to resist the natural process of maturity and growing up. It seems like you want to be forever young without having any responsibilities or having to deal with any problems of adulthood. I think this is mostly because you are scared. You are scared of what awaits for you, and it all sort of mystify you. That is why you invent that you do not want to be an adult because it is a world of phoniness. It is your way of running away from the fact that you are actually scared of growing up because you do not have a clue of what any of it is like. A line on this song that I find really interesting is Some are like water, some are like the heat, some are a melody and some are the beat. I think that this line is talking about the people that make our life what it is. The people that are there for us. I think that water is a symbol for the people that are a bit colder and the heat for the ones who are warm. The people who are a melody are the ones, like Jane, who come every once in a while and they completely change how you were before, just like the melody of a song. The melodies of someones life are not always there, but we can never be the same after they leave. Finally, the beat is a symbol for the people who are there to support you in your life constantly, just like the beat in a song. It is also impossible to be the same without the beats of our life, such as Phoebe, because they are the ones that we can call whenever we need. I think you will really enjoy the next song I picked. It is called Marching Bands of Manhattan by Death Cab for Cutie. First of all, the main reason of why it reminds me of you is the whole New York experience. I know how much that city describes you. I am sorry but I will have to bring old Jane up once again. I think that this song is mostly talking about how he wants to be with someone that doesnt know how they feel. I think that this is your type of song, and I hope you will like it. If you like it, you should look up more songs by Death Cab for Cutie, they all send like this and have wonderful lyrics. Well, this is pretty much all, I hope you enjoyed the songs I chose and you will take some of the advice I gave you. Remember to get back to me and tell me what you thought of them. Oh! Also, I hope you like the cover for the CD! I know how crazy you have been about those ducks on Central Park and I just thought you would enjoy that. Love, Deb P.S. The two other songs I added were songs I found searching on the internet that were inspired by The Catcher in the Rye and I thought that they would be interesting to add.