Perfect Competition Essay Example | Topics and Well Written Essays - 500 words

Perfect Competition - Essay Example A firm thus has to minimize its average costs during this time to enable it stays on the market under the prevailing competition. At the equilibrium point, marginal cost, price, short-run average total cost, and long-run average cost are all equal. Therefore, a firm in perfect competition in the long-run will not find any reason to change the quantity of its output (McEachern, 2014). Outside firms will not find any incentive to enter the industry since the existing firms are not earning the economic profit. In other words, all resources employed in this industry make their opportunity costs. Suppose firms in an industry A are gaining economic profits, hence higher return than companies in another industry B in the same economy. Therefore, businesses in Industry B are undergoing economic losses because they are not getting as much as they could in industry A. Some companies in industry B will hence exit to join industry A. The process will go on until firms in both industries are getting zero economic profit. Thus, entry of companies into an industry will reduce economic profits to null in the long-run. For example, radishes price is $0.40 per pound. Mr. John’s average total cost is $0.26 per pound at an output of 6,700 pounds of radishes a month. Each unit will, therefore, bring a profit of $0,14 ($).40-$0.26). Mr. John thus gets a monthly profit of $938 ($0.40x 6,700) as shown in panel (b). Firms will enter the radish industry as long as they can make economic profits (as long as price is more than average total cost (ATC) in panel (b)), the supply curve moves r ight and the price falls. Marginal Revenue goes down to MR2 as price reduces (Cukrowski & Aksen, 2003). Mr. John will have to reduce his supply, shifting along the Marginal Cost (MC) curve to the minimum point on the ATC curve, at $ 0.22 a pound and an output of 5,000 pounds a month. Although individual firm’s output reduces as prices

Interdisciplinary Programs - Writing in the Context of Myth

Interdisciplinary Programs - Writing in the Context of MythAn interdisciplinary theory of myth-making, myth-as-action (and myth-as-content) has never been so appealing. The knowledge of the fundamental characters and roles of the ancient myths gives us the chance to view our own lives through the prism of their impact on their respective communities and civilizations. This makes mythological analysis a fascinating search for connections between cultures, a study that invites comparative approaches, and at the same time, makes myths into context in our own times.Writing in the context of myth is one way of illustrating how theories of myth are constantly evolving. Authors from all traditions can use this method to deepen the idea, finding relevance and truth that were difficult to grasp before. It also allows authors to expand the concepts of modern mythology and not only to communicate the current trends in modern mythology, but to explain why there has to be no change in the definit ions of modern mythology. Just as today's modern myth is a fusion of cultural elements and Christian myths, so too will it be with tomorrow's new myths.In most cases, if you study mythology in an individual studies program, you will not have the opportunity to attend the symposiums and conferences where researchers discuss their findings. If you study mythology in an interdisciplinary program, you can attend events organized by scholarly societies, large corporations, and government organizations. In these situations, if you are studying mythology as a history of religion, you may find that you don't need to read the scholarly articles because you are the one who wrote the story.In addition to the classes that concentrate on myths as examples of everyday human practices, some students take courses in the history of mythology, the history of religions, and/or the history of theology. This kind of program includes a broad range of courses that explore mythologies from the Old Testamen t to Ancient Greek Mythology, and even to the Ancient American Indian Mythology and Ancient Asian Mythology. If you can't make the time to do this kind of program, consider taking one of the introductory course in mythology.Mythological argumentative essay topics could include: myths about the earthquake, fire, sex, evil, and parents. You should also know that if you take a course in mythology as an undergraduate, you can expect to get good grades in every class, including class discussion, laboratory work, or a hands-on research project.Writing for other researchers or for a magazine or newspaper is another possibility for your interdisciplinary coursework. However, it is important to remember that writing for the general public and other journalists is going to be different than writing for academic journals.No matter what the discipline, if you are looking for more argumentative essay topics that include mythology, you will likely find that there are a variety of options availabl e. Your field will affect the type of topics you will want to write about, and the appropriate writing style will differ between the topics. Nevertheless, taking a course in mythology should give you a rich education that you can use for many years to come.

Management Case Study on Sara Lee Corp Example | Topics and Well Written Essays - 1000 words

Management on Sara Lee Corp - Case Study Example What is your assessment of the long-term attractiveness of the industries represented by Sara Lee Corp’s business portfolio? Sara Lee Corp is represented in four industries: packaged meat products, retail coffee and tea, bakery products and household and body care products. In two of this industries, packaged meat products and retail coffee and tea, Sara Lee had huge market shares that is could leverage to sustain its profitability and thus retain their attractiveness. In the packaged meat industry Sara Lee held huge market shares in several categories within North America: 30% smoked sausage, 23% hotdogs, 14% lunch meat and 58% breakfast sausage (Thompson & Gamble, 2010). Given the aging of the US population and general mean rise in per capita incomes, we expect the demand for convenience food to remain high. In retail coffee and tea, Sara Lee held huge market shares in the US, a few European countries and Brazil. Furthermore, it also sold the most single-serving coffeemake rs in Europe. With the global retail coffee market expected to grow from $51billion in 2009 to $62 billion in 2013 we can presume the industry will remain very attractive to Sara Lee. The bakery products success was limited to Spain and the US. With Spain’s economy doing poorly and huge costs incurred in the US while to secure shelf space in US supermarkets we find the long-term attractiveness of this industry to be low. In the household and body care industry Sara Lee’s Kiwi harbors the greatest potential to long-term attractiveness given that it was the number one shoe care brand worldwide with a global market share of 30%. We believe that the firm could use the income it obtains from Kiwi to sustain the brand’s competitive advantage. What does a 9-cell industry attractiveness/business strength matrix displaying Sara Lee’s business units look like? What is your assessment of the competitive strength of Sara Lee Corp’s different business units? Sa ra Lee’s North American Retail division, North American Foodservice division and International Beverage divisions all have very high competitive strength largely because they have strong portfolio of market leading brands within industries that have been projected to grow in future. The global retail coffee market is expected to grow from $51-62 billion by 2013, and with ageing populations in US and Europe, we expect the demand for convenience food to also rise. We also see the company innovating in the meat business (e.g. in meat slicing) and offering complimentary products in its coffee business (single-serve coffee machines). Sara Lee could leverage its market share as bargaining power over its suppliers and customers or enter into alliances to strengthen it further. On the other hand, the North American Fresh Bakery division, International Bakery and the International Household and Body Care divisions are not as convincingly as strong as the other three divisions. North A merican Fresh Bakery has well performing brands and strong market share however; we are informed that its revenue arose when the company negotiated for increased shelf space at supermarkets and other selling stores. Assuming that â€Å"negotiating† for more shelf space implies extra costs we would expect less profits accruing to the company in this arrangement. The fact that Sara Lee has to negotiate for extra shelf space to improve its revenues lowers this division’

The Greatest General Of All Time

The Greatest General Of All TimeThere is many Napoleonic Research Paper Topics on the World Wide Web. These topics range from Napoleon's home, his times, his battles, and many other subjects. Many of these topics are actually free, and they can be very interesting and educational to study.It is interesting to know that one of the most important questions about Napoleon was where he lived. He was a noted ice eater and it was said that he used to keep a frozen chalet in St. Helena where he enjoyed sipping tea while watching his troops play chess. The soldiers would wait for him to move and then one of them would advance and knock the chess piece off of the board. That is probably why this piece was nicknamed Napoleon. So, that makes it very clear as to where he lived.Also, we have heard that his home was very different than a typical home at the time. Napoleon was actually quite flamboyant and often dressed up in one of the most impressive styles at the time. This was not just somethin g that was normal for a family to do, but quite normal for royalty and high society at the time.There is also several Napoleonic Research Paper Topics, which ranges from Napoleonic News Releases and Historical Notes to the battles themselves and even the clothes and everything that was related to them. We have several sites on these topics, which will definitely be an educational experience. You may even find them fascinating and you may even have to reread some of them several times to catch all of the details of what happened during these battles.But if you find one of the Napoleonic Research Paper Topics boring or has no real content, you may want to look into other topics. You will be able to find several different Napoleonic Research Paper Topics that is not free and also is very interesting and educational. These are ones that you will really enjoy learning more about. In addition, it will also be a learning experience for you if you take the time to look into them.You will al so be able to learn more about the many activities that were associated with the French Revolution. For example, you will discover all kinds of historical things and facts about the French revolutionaries and what the turmoil was like for the people of France. This is a great way to learn about something new while also gaining an understanding of what actually happened during the years of the French Revolution.If you are interested in some historical information about the French Revolution and everything that was going on during that time period, it is a good idea to look into these Napoleonic Research Paper Topics. They are definitely worth your time.

The Personal Essay for Pharmacy Topics Stories

The Personal Essay for Pharmacy Topics Stories Banking essays can be real fun to play with if you've got an exhaustive understanding about the discipline and have keen interest in writing, so should you believe that you cannot write decent banking essays than again you're erroneous. The provided topics can ordinarily be classified into two divisions. You will discover that some articles sell in your very first month, so write more articles covering the exact same topic. With your own website, your articles will continue earning for you for many years to come. The pharmaceutical field is one of the most fascinating and ever changing fields in today's world. Attempt to conclude with an illustration of the way the failure improved the manner in which you deal with similar situations now. At exactly the same time, detecting cause and effect relationships isn't that easy in regards to the selection of a superior cause and effect essay topic. 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The History of College Essay Why You Chose Your Major Refuted

The History of College Essay Why You Chose Your Major Refuted Concentrate on telling a story about how you decided what you would like to do and the way you mean to pursue your aims in college. At universities you may walk into class and it'll be over crowded, which can ensure it is hard for individuals to learn. Folks that aren't successful, and think college is the only thing that would've made all of the difference. If you're still undecided, it isn't the close of the world it's still possible to graduate with the major of your choice and enter the actual world in your favorite field. Your list will just supply you with a headache if you don't locate a remedy to end your problems. Our site features custom writing help and editing aid. Colleges publish lots and a lot of unique kinds of things, any of which is beneficial for research. Here's What I Know About College Essay Why You Chose Your Major Massive relevant issues in everyday life help it become overwhelming. 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