Production Possibility Frontier ( Ppf ) Essay - 952 Words

1. Production Possibility Frontier (PPF) is a graph that shows the potential combinations of goods that an economy is able to produce given available technology and factors of production. ïÆ'Ëœ Its slope is negative, shape is concave or bowed, points inside are inefficient, a point on the PPF are efficient and attainable, point above are unattainable and also require economic growth. ïÆ'Ëœ Economic growth is achieved by increasing the economics’ growth, ability to produce. 2. Opportunity cost is the value of next best option. Giving up one thing to do something else. ïÆ'Ëœ Parts of opportunity cost are explicit costly (money spent along the project to make it happen, for the task to be done perfectly money and labor need to be involved, e.g. Boss paid workers for their project, students pay tuition to enroll in class and all other amenities involved.) and implicit cost (one’s time value or origin in the next best alternative. The time incorporated in order to run out the next best option). 3. Macroeconomics deals with large scale phenomena. Microeconomics deals with the options of small economic unit. ïÆ'Ëœ Microeconomics involves supply and demand in an individual market, individual consumer behavior, and externalities arising from production and consumption; while, macroeconomics involves monetary/fiscal policy, reason for inflation and unemployment, and international trade/ globalization. ïÆ'Ëœ Microeconomics discusses topics like individual labor market, consumer behavior, and theoryShow MoreRelatedMicroeconomy Homework1744 Words   |  7 Pagesboth countries D) good Y is the same for both countries Production Possibilities Frontier Questions 16 to 18 refer to the figure below 16) Point C on the production possibilities frontier in the above figure illustrates A) a point that achieves production efficiency B) a combination of goods and services that cannot be produced efficiently C) a point that achieves greater production efficiency than point A and B D) a production point that underutilizes resources 17) In the above figureRead MoreIb Work822 Words   |  4 Pagesof Beckham uses economic resources to produce tea and crumpets. Use the following production possibilities frontier for questions 3–4. 3. Economic growth is best represented by a movement from k. A to B l. B to C m. C to D n. D to E o. E to A 4. The shape of this PPF tells us that p. economic resources are perfectly substitutable from production of tea to production of crumpets. q. citizens prefer that an equal amount of tea and crumpets beRead MoreAssignment Questions On Economic Principles1049 Words   |  5 Pageseconomists to make decision of the alternative use of scarce resources. By using production possibility frontiers (PPF) can be illustrated the opportunity cost to result a clear simple way to effects of making economic choice. A PPF is show the consumers goods and consumers services at the same time. B) Suppose that the two goods that the country AMP produces Apples and Mobile phones. If the production possibility frontiers (PPF) were a straight line, the additional of the unit of mobile phones requiredRead MoreEconomics687 Words   |  3 Pages a. Use a production possibilities frontier graph to illustrate the trade-off to an economy between producing consumption goods and producing capital goods. Is it likely that the production possibilities frontier in this situation would be a straight line or bowed out? Explain briefly. b. Suppose a technological change occurs that has a favourable effect on the production of capital goods but not on consumption goods. Show the effect on the production possibilities frontier. c. SupposeRead MoreEconomic Models Are False And So Government Should Ignore Their Predictions1469 Words   |  6 Pagesmonitored to understand and predict for the future benefit that is where the economic models are helpful. There are several economic models that helps in predicting economic activities among them is production possibility frontier model (PPF). Production possibility frontier model shows the maximum production capacity of the business by utilizing all the available resources like manpower, land, capital and other resources (Khan, n.d., para. 4).This will help to maximize the employment and utilizationRead MoreHow Freely Operating Market System1109 Words   |  5 Pageswhich is a production possibilities frontier (PPF). Production Possibility Frontier (PPF) A production possibilities frontier shows the combination of the production between two products (Spaulding, 1982). An economy can achieve the maximum potential level of output for two goods or services when all its resources are fully and efficiently employed by using a production possibilities frontier (Sumanasiri, 2014). Figure. 4 A production possibility frontier (PPF) As we canRead MoreMacro Eco1739 Words   |  7 Pagesshirts with inputs of labor. Econoland has 1000 hours of labor available. A haircut requires  ½ hour of labor, while a shirt requires 5 hours of labor. Construct Econolands PPF. Answer 1: To construct Econolands Production Possibility Frontier (PPF) we first need to understand what is a PPF. A production possibilities frontier (PPF) is a graph showing the different quantities of two goods that an economy can efficiently produce with limited productive resources. Points along the curve describeRead MoreQuestions On Business Economics And The Production Possibilities Frontier As A Result Of Workers Moving From Their Domestic Countries1837 Words   |  8 PagesK140882 EXECUTIVE SUMMARY The report deals with issues that arise in the production possibilities frontier as a result of workers moving from their domestic countries to foreign countries for better work opportunities. Major focus of this report is on change in PPF curve due to emigration and how production is being affected due to it. The main issues discussed in the report are how change in technology or resources mediate PPF curve outward or inside and how environment is being affected by that.Read MoreEfficiency Gain of International Trade Essay1745 Words   |  7 Pagesshapes of the production possibility frontier, and briefly discuss the factors contributing to their shapes. The shape of the production possibility frontier (PPF) of a country depends on: (1) its factor endowments and (2) the production functions of the various commodities. The plausible shapes of the production possibility frontier include: Linear Suppose there are constant returns to scale in both industries and only one factor, then the production possibility frontier is a straightRead MoreHow Will The Frontier Be Affected By A Positive Change?1274 Words   |  6 PagesQuestion One a. Why is the PPF concave to the origin? The production possibilities frontier is concave to the origin as it represents the increase opportunity goods along with the outputs of goods which is increasing. This is due to the law of opportunity goods – with one increase or production, an increase in opportunity costs follows (Layton, Robinson and Tucker, 2016). b. How will the frontier be affected by a positive change in technology for the product on the horizontal axis? The points represented

Military Commission Free Essays

For years I have been dedicated to the principles and values that are represented by the United States Navy within my everyday life, and to the philosophy that governs the role of the Health Care Administration Officer in the Medical Service Corps. For this reason, among many, I am seeking a commission with the United States Navy in this capacity. My strong work ethic, my adherence to the philosophy and ethics of both the Navy and the medical field, and my ability to work as a member of a team make me a successful candidate for this position, and I am certain that I have many qualities that I could bring to this commission that would enhance not only my own abilities, but enhance the United States Navy. We will write a custom essay sample on Military Commission or any similar topic only for you Order Now Early on I realized that it was important to help others, to go outside of the box that is the average person’s life and reach out to others, whether they live right next door or across the world. It was this desire that led me to volunteer and participate in community service, an experience that has helped me develop into an individual that enjoys serving mankind, and who understands the importance of doing so because I have witnessed the effects kindness and compassion has on others in need. Along with my desire to serve mankind through compassion, I also saw the United States military as sharing those values that I cherished, and realized that a career in the military would allow me to use my strengths in pursuit of attaining both my own goal, and that of our nation. In high school I joined the NJROTC and remained dedicated to this organization throughout four years until graduation. I have served as a Supply Officer and Commander, and through these experiences I have developed the commitment, courage, and discipline through the training provided to me by the United States Navy. Throughout these years I have never given up my belief that helping others is the highest calling of any individual, and the U.S. Navy brings out the best in me, and it is these traits that I wish to bring to the Medical Service Corps. It was my time in the Leadership Academy through the NJROTC that truly transformed my life and pushed me in the direction of my ultimate goal in a commission with the U.S. Navy. During my time at the Leadership Academy I was pushed to my limits both intellectually and physically, and was asked time and time again to be the best cadet that I could be. The fact that this was expected of me, and that others truly believed in me, gave me the will power and self-confidence to challenge myself to limits that I had never imagined possible. I was instilled with confidence, honor for myself and my nation, and learned to be self-reliant. These values all helped me develop leadership qualities within myself. By the end of my time at the Leadership Academy I was placed as one of the top three cadets and had developed new goals for myself, goals that I intend to fulfill within this commission. In pursuit of this goal, I have attained a Masters degree in Health Care Management, a field that allows me to use all of my strengths to the betterment of others. My ability to organize and effectively communicate with others are essential in this field, and I have spent many years, both inside a classroom and within the NJROTC and beyond, developing my management skills. A Health Care Administration Officer requires the ability to manage effectively and create a team environment in which to function. The leadership abilities that I began developing at Leadership Academy, and which I have continued to develop, are essential to being successful in this field. My time in the NJROTC has taught me that I must have high standards for myself in all aspects of my life, and this would transfer easily to this position. Beyond this, my dedication to helping others and showing compassion to those who are in pain or ill, has led me to the belief that I would bring a great deal to the position of Health Care Administration Officer in the United States Navy’s Medical Service Corps, and I would be proud to continue the tradition of service and sacrifice that has been shown by my predecessors in this commission. How to cite Military Commission, Essay examples

Descriptive Paragraph free essay sample

Those cruel words had dug right into my heart, as if someone had stabbed me at that moment. Her eyes were frosty deep blue, she had blond hair the smell of divine cherry, and her perfume of sweet vanilla. As I walked away from her you could hear the creeks of the floor as I took each step down that colorless hall. When I entered our room; I could almost remember every single one of our happiest moments. As I started to weep silently I got out one of the traveling bags from underneath the bed, took my clothes from the drawer, and placed it swiftly inside. When I had finished packing I breathlessly passed by her, inhaling her perfume one last time. Not stopping to say goodbye, I touched the briskly knob and gently closed the door behind me. When I got outside, I noticed that the once busy streets were now empty; as if in some strange way the coming of the never ending rain had dried up the city, pounding on the rooftops and turning the sidewalks and roads into vast lakes of dead muddy waters. Dark gray clouds covered the once vivid blue sky only letting a few rays of feeble sun slip past the barrier. The monotonous sound of raindrops beating on the sidewalk blended in with the occasional whoosh of the breeze through the treetops. Everything was bleak, gray, and dreary- even the atmosphere. People dressed in heavy coats, and bearing large umbrellas walking quickly with purpose, not stopping to look at anything or anyone. Once I got to the corner it seemed like I was the only person standing there now, at that isolated corner waiting†¦ except I wasn’t exactly sure of what though; her, or some sort of transportation to take me far away from that dreary place. The rain was now tickling my nose and I could feel the water from beneath my feet in my shoe, as well as I could feel my now very messy damp hair. As I raised my right hand for a cab I felt a very freezing raindrop go down my arm, under my sleeve, and past my chest The black and yellow cab stopped right in front of me making it easier for me to go inside of it without having to step in the soggy mud. As the driver turned around to ask â€Å"where to? † I noticed the juiciest, most mouthwatering hamburger with the smell of a Saturday afternoon barbeque held up in his right hand. My stomach grumbled; for I hadn’t eaten yet, so I said without hesitating, to take me to the nearest restaurant, as he gave me a weird look, grinned and turned back to the wheel. As we were getting I leaned my face on the window thinking about the whole break-up and with a positive attitude I whispered silently â€Å"its for the best† as the window in front of me fogged up. After ten minutes of being in the cab. I finally hit my stop. I thanked the driver paid him, opened the door and got out, just see myself standing in front of Mc Donald’s- the best most wonderful restaurant at that moment ; just because I was starving. I quickly grabbed my bags that I had put on the wringing wet ground and started running to get inside trying to not get a single raindrop on me. Once I got a hold of the handle, I opened the door, steeped inside and noticed that this McDonalds wasn’t like the others, it had a lot more space, and it seemed like there wasn’t such a crowd because of it. This McDonalds had two floors; the first floor for ordering, washrooms and some space to eat with seats and tables, and the second floor was manly focused on seats and tables except only with a massive glass wall on the right, allowing you to see outside. When I finished ordering my double cheese burger with fries and a drink, I went to get a seat on the second floor beside the over sized window, and while I stared at each drop of rain hit the bare ground I took my biggest bite at the burger tasting the juicy ground beef, the sour lemon with the soft, white brown buns, the spicy pepper mixed up with the grilled cheese stacking up on top of each other tasting very appetizing and pleasantly in my mouth. Finishing my last bite of the burger and having my last drink of the cup I threw the garbage out, not noticing whether I was recycling or not. I picked up my bags and headed for the exit. When I was opening the bleak handle, getting ready to be soaking wet once again, I noticed that some girl had knocked down my bags onto the floor causing all my clothes that were inside to go flying everywhere. I quickly bent down to the floor trying to get my belongings back into my now broken bag, and also not letting people see my lucky colorful , full of life rainbow boxers. Getting up to see from afar if I had missed anything the girl that had made me drop my stuff came up to me apologizing and handed back to me the last pair of pants that I had missed. She had polished light brown hair, her eyes forest green and her skin looking naturally moisturized †¦she was stunningly beautiful! Stretching out my hand to get a hold of my pants again, I told her it was okay with a greeting smile whole she still kept her hand up waiting for me to shake it. When I touched her soothing hand I had forgotten everything that had happened the whole day because I had a feeling everything was going to change. She told me her name was Fiona; waiting for a response I told her my name was Colin. Letting go of her hand she offered to buy me a drink for what she had done, as I agreed we bought some coffee and sat where I had been sitting before; beside the clear window. We started talking as I noticed that the sun was glowing giving the grass a natural sparkle and drying up the streets from the heavy rain. The sky was back to its radiant light blue color and my heart had been fulfilled once again.

Old Testament Exegetical Psalm 74 Essays - David, Ketuvim, Psalms

Old Testament Exegetical: Psalm 74 Old Testament Exegetical Paper: Psalm 74 For my Old Testament exegetical paper I have chosen Psalm 74. This passage was hard for me to read because it rebukes God for letting temples and other holy places be destroyed. In this paper I hope to gain a better understanding of this chapter. I will define two terms that I find to be key to understanding this passage. Reading two commentaries on Psalm 74 I will discuss the authorship, date and place of writing, audience and purpose of this passage. The term congregation is defined by The Eerdmans Bible Dictionary as a gathering of various types. More specifically congregation is defined as the popular assembly or the Israelite religious community (Meyers 232). The Zondervan Pictorial Encyclopedia of the Bible says that congregation expresses the assembly of the people of Israel (Carey 939). Congregation is used 138 times in the Old Testament (Kohlenberger 265). I examined five other passages outside of Psalms to try to gain a better understanding of the term. All the passages I Kings 8, 2 Chronicles 5, 7, 24, and Ezra 10 use the term congregation to describe a specific group of people. Ezra 10 is the only passage that does not use congregation to describe the people of Israel. The Zondervan Pictorial Encyclopedia of the Bible defines deliver as the saving, rescuing, redeeming, or setting free of material and temporal things, but also of spiritual and eternal things (Barker 89). W. R. F. Browning uses deliverance to describe the saving of Gods people, as well as the giving over of traditions (96). In the Old Testament the word deliver or one of its derivatives is used 107 times, predominantly in Psalms (Kohlenberger 319). I read Genesis 32, Exodus 3, Deuteronomy 32, Amos 6, and Micah 5 to find out how the term is used in other passages throughout the Bible. In Genesis 32 Jacob uses deliver as a plea. He says, Deliver me, please, from the hand of Esau, for I am afraid of him. God uses deliver to describe his preserving of the Israelites from Egypt in Exodus 3. However in Deuteronomy 32 God uses deliver to say that no one can be saved from his judgment. Micah 5 uses a metaphor with a young lion amongst the sheep with no one to deliver or save the sheep. God refuses to protect the inhabitants of earth from evil in Zechariah 11. Derek Kidner breaks Psalm 74 down into 5 parts. Verses 1 3 deal with the cast-off heritage, 4 8 speak of the pillaged temple, verses 9 11 convey the impenetrable silence. In verses 12 17 the ancient exploits are reviewed and 18 23 concentrate on the continuing ordeal (264). 1 O God, why do you cast us off forever? Why does your anger smoke against the sheep of your pasture? 2 Remember your congregation, which you acquired long ago, which you redeemed to be the tribe of your heritage. Remember Mount Zion, where you came to dwell. 3 Direct your steps to the perpetual ruins; the enemy has destroyed everything in the sanctuary. The psalm takes as its starting-point the protest of the people against their God, a protest based on their belief in their election (Weiser 518). It is faith, more than doubt, that precipitates the shower of questions which begins and ends this half of the psalm, since the real perplexity is not over the bare fact of punishment but over its apparent finality. Is it for ever?yet how can it be when this is thy pasturethy congregationthy heritage (Kidner 265)? With the sanctuaries in ruin, the enemy laying siege to the land of the Israelites they question their faith in Gods promises in verses 1 3. Verses 4 8 show the destruction and violation of the sanctuaries of God. 4 Your foes have roared within your holy place; they set up their emblems there. 5 At the upper entrance they hacked the wooden trellis with axes. 6 And then, with hatchets and hammer, they smashed all its carved work. 7 They set your sanctuary on fire; they desecrated the dwelling place of your name, bringing

Speech on Hamlet Essay

Speech on Hamlet Essay Speech on Hamlet Essay ‘Speak to me. Speak to me. Oh speak. For which they say you spirits oft walk in death, speak of it. Stay and speak!’ Already in the first scene of the play Shakespeare begins to forewarn the audience against the evils of revenge. Horatio, the most loyal, cautious friend of Hamlets, witnesses the appearance of the ghost. In the renaissance period, those who believed in spirits, trusted that the presence of one meant that they had unfinished business to attend. Though this idea was both supernatural and horrifying to the Elizabethan audience, it made clearly evident that the ghost, ‘In the same figure, like the Kind that’s dead’, came back for a reason and one that was unpleasant. Hamlet’s perception is that the prior King was the ultimate father; he was his idol and ‘his fathers brother, but no more like his father’. As the conversation with Claudius, Gertrude and himself, he begins to communicate his disgust for Gertrude and says s o with, ‘to post with such dexterity to incestuous sheets.’ Here, the audience recognizes the actions of his mother can never be forgiven by Hamlet and that Claudius will never replace his father. ‘Foul deeds will rise’, and ‘So art thou to revenge, when thou shalt hear’. These thoughts establish the foreshadowing events of revenge throughout the entire play. When Hamlet commences his descent into madness, his thoughts create the idea to assemble a play within a play, the murder of Gonzago. He justifies the reasoning by stating that if Claudius is disturbed, he will then reveal guilt for his actions, ‘Wherein I’ll catch the conscience of the King’. Shakespeare stages this for the audience and the characters in the play are able to understand the validity of Claudius as the murderer of the late King and the potential outcomes of this revenge against evil. As death is the primary concern within the play and the worst result of most revenge tragedies at the time, Hamlets differentiation is that his madness is ‘deeply ambiguous’. This manipulative plot instigates the actions of revenge feigned by the evils that madness can induce. As Hamlets disgust and loathing of Claudius develops in Act 1, scene 3, his pace and short phrases hasten to match his quicken thoughts. Shakespeare does this to alert the audience of the suspense that arises with hamlets tone. His unfinished lines portray the irrationality of his thoughts that lead to, ‘take him in the purging’, of Claudius’ soul. His forceful, commanding dialogue towards Gertrude in the next scene, ‘come, come and sit you down, you shall not budge,’ allude to the action being taken to avenge Claudius and perform his murder. As he kills Polonius,’ thou wretched, rash,

Human Resources Management Assignment Example | Topics and Well Written Essays - 1750 words

Human Resources Management - Assignment Example As a result of which the position and status of women in the workplaces are changing at a rapid pace as compared to previous days. Apart from this, due to the introduction of the law of schooling of girls and women in the year 1767, the craze for education and schooling enhanced thereby amplifying the talent of women segment. As a result of which, the typical house-wives of recent age are not expected to spin, cook or sew rather to perform their assigned duties effectively in a workplace. By doing so, the inner knowledge and morale of the female segment is amplifying thereby strengthening their bases more efficiently as compared to previous age. So, the intensity of various crimes is also reducing at a significant extent as compared to previous days. This proved extremely effective for the female segment of the society thereby amplifying their position and fame in the entire globe among others. Moreover, as the female segment of the society is attaining high level of education, so bo th the segments (males or females) might easily apply for a particular job in a workplace. And as a result, the degree of professional integration between male and female segments enhanced thereby declining the inequality of wages and positions as well. Along with this, the unemployment gap within male and female segments of the society reduced significantly resulting in amplification of their living standard and life style. Thus, it might be predicted that due to the enhancement of the earning members of the families, the status and living style also improved Therefore, due to the presence of educational skills and knowledge, females or women continue to hold the leadership position both in public and private sector as compared to males. As a result of which, the supremacy of women is quite similar as compared to males in both public and private workplaces. So, it helped almost 70% of the female segment of the society to become educated and employed thereby offering approximately 3 /4th of the total amount expense of a family. Just like award-winning corporate lawyer named Franci Blassberg is also one of the best examples of a female, who became successful in positioning itself in this male dominated world. As a result, the dominance and status of female segments enhanced resulting in amplification of its popularity and control. It became possible only due to the inner morale and confidence of the Franci Blassberg to flight against the complications and obstacles of males in the world. Other than this, due to the presence of effective communication skills and problem solving nature, Franci Blassberg is now recognized as one of the most efficient and talented lawyer among many others. Not only this, decision making attitude as well as action taking nature acted as the backbone for Franci Blassberg that enhanced her position and expertise among many others. Therefore, it might be clearly depicted that the self awareness, confidence, experience and responsible ch aracter are some of the most essential weapons of the women’s of today’s era. And without the help of these characteristic features, a woman may not sustain or retain her position in this corporate world among the males. Along with this, exact vision and task completion nature is also extremely essential for a woman like Franci Blassberg to retain her portfolio in her workplace thereby amplifying her image and craze among

Puberty Essay Example | Topics and Well Written Essays - 250 words

Puberty - Essay Example Social awkwardness occurs naturally if a teen girl develops breasts before the rest of her girl friends her age, or if a teen boy develops hoarse voice earlier than the other boys his age. This could affect their self-esteems as well, thus presenting a social impact. The article â€Å"Childhood Sexuality: An Interpersonal –Intrapsychic Integration† by Singer presents two implications on the society by early sexual maturation. First, childhood sexuality lays the foundations for adult sexual pleasures. This means that if a teen girl or a teen boy reaches the age of puberty earlier than the accepted age, this would lead to an earlier advance to adult sexual relationships that can heavily impact the society in a somewhat negative manner. In fact, it can even imbalance the society in a way that would be seriously distressing for the parents of children who sexually mature earlier than necessary. Second, as the level of psychological development is also decreasing with the de creasing age of puberty, the child can get over-stimulated even on brief display of public affection. This occurs in part due to their immature ego because they naturally have not had enough time for the proper development of their self-regulatory and defensive senses owing to earlier age of puberty.