Differentiating between Market Structures

Differentiating between Market Structures The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. This paper will cover the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization, and how the organizations in each market structure maximizes profits.The simulation looks at all four types of market structure within the East-West Transportation Company. There are four divisions that operate within each of the four market structures. The divisions are Consumer Goods, Coal, Chemical and Forest Products.In the first scenario, the decision must be made whether to continue operations or shut down operations. After completing the simulation, it pointed towards continuing with operations in a perfect competition market. In the scenario the market demand curve is downward sloping, each seller perceives the i ndividual demand curve facing him or her to be perfectly elastic at a given price.Marginal profit is the difference between a firm's...Given this scenario this demand curve and the cost structures, sellers try to produce and output at maximized profit.The second scenario has the company looking at the coal division, which operates in the monopoly structure. Tanya Roy pointed out that the law of demand holds in a monopoly. At a high price, quantity demanded is high and profit would not need to be high. For a monopolist, price exceeds marginal revenue. Thus, at the output where Marginal Revenue = Marginal Cost, you extend the quantity line to the demand curve to determine the price to charge for this output. The demand curve is facing in a downward slope in the monopolist structure.In the third scenario the market structure is oligopoly- duopoly in the Chemical Division. The industry marginal cost...

Putting Physical Activity Where It Fits in the School Day Essay

Putting Physical Activity Where It Fits in the School Day - Essay Example The intervention that was applied was the ABC (Activity Bursts in the Classroom) for Fitness, which was reported to incorporate brief bursts of activity in the classroom setting throughout the day at the discretion of the teacher. The results indicated that the proposed intervention, the ABC for Fitness Program, was effective in improving academic performance, physical fitness, reduce medication use, and even preserve teaching time. As disclosed, there were limitations in terms of the population not being an effective representative of the cross-section of the children; the use of a relatively small sample size; and virtually limited intervention and follow-up periods. Overall, the study provided relevant insights on the feasibility of classroom-based fitness program without impairment of academic instruction. The reporter found the study beneficial and useful to various academicians and health practitioners in terms of promoting health through the identified ABC for Fitness Program. Its applicability is relatively easy and would not hamper any existing instructional methods or the need to use special resources. As disclosed, the 30 minutes recommended daily physical activity could significantly improve identified crucial variables such as academic performance, physical fitness, and even the use of medications for ADHD and asthma. This study proves that through innovative techniques and with the assistance of dedicated and committed educators, the goals for health promotion programs (HPPP) could be achieved.  

State of Economy (Michigan) Essay Example | Topics and Well Written Essays - 1250 words

State of Economy (Michigan) - Essay Example Based on this evidence, economists remain certain that Michigan economic status will continue to climb out of its deep economic hole. The economy has enjoyed an increasingly substantial economic recovery from the Great Recession for instance the GDP of the state has increased up to 385 dollar in 2011 compared 352 dollars of the last two years and this can be attributed to some key indicators. The per capita income of the nation has increased by 0.7% in the 3rd quarter of 2012 on a yearly basis, even thought this rise was lower compared to the 2rd quarter. Based on this evidence, the GDP of the nation is calculated to be increasing at a 0.8 percent compared to the previous years. The figure below shows Michigan economic growth after the Great Recession This extensive economic growth – as shown in the figure is assumed to be from manufacturing sector. For instance, manufacturing has a great contribution to the positive economic growth index especially the automobile industry. Th e other main contribution is from the construction sector that has made an enormous growth index change since 2005. Other crucial indicators of Michigan’s economic growth include reduction in the unemployment rate from 9.2 percent to 8.7 percent between October and November. For instance, between 2011 and 2012, the nation has had substantial growth in private sector employment. This qualified Michigan to be among the top six rapidly growing world economies. The levels of employment in the nation have currently shown some improvement signs since the end of the Great Recession in 2009 (Barenblat, 25). For example, the nation’s household employment has risen to about 2.7% matching the national gain of the state. In addition, the greatest employment increased is evidence in some sectors such as education, health services, hospitality sector, leisure, logging in addition, mining sectors, with health sector adding up 1.7 million employment opportunities accounting for 50% of the job opportunities created since recession in 2008. Similarly, the housing market has also show some minimal improvements that may viewed as economic improvement indicators and the United States sales of light vehicles has been very strong in December, assisting in boosting the production of Michigan light motor vehicles in 2012. For instance, statistics shows that housing markets are stabilizing with rise in sales and prices. Although, new homes constructions remain minimal, they are expected to rise and meet the gap demand. The business climate of the nation and the economy have enhanced during the past few years although the change has not been stronger to push the nation in the top ten economically strong nations. Following the reduction of business taxation and shift of corporate tax, the business condition of the Michigan has shifted to be among the top seven best economies of the world. Economists report that the GDP per capita and employment rates of Michigan has increas ed substantially compared to their peer nations since 2008-9. A firm competitive business climate in Michigan in conjunction with innovative customer service based administration has great impacts on the country’s economic growth. The nation has reinvented the stated government in crucial ways to function for the best for its entire people. Their policies has shifted a 1.5 billion dollars deficit in the budget without the use of on-time accounting tricks and

International Business Essay Example for Free

International Business Essay The social and economic catastrophe was one of the worst problems after World War I and lasted through the 20th century. The Battle of Ideas, was a battle between the power of government and the forces of the marketplace. For over half of a century, the world was moving toward a government control from a communist world to a mixed economy. In the 1980s the old policies of these economies began to fail dramatically, and two economist were battling the ideas of what they thought will work better for our geopolitical landscape. John Maynard Keynes was from Britain and believed his revolutionary theories on unemployment and recession was going to help government take a lot more control over their economy. Friedrich von Hayek was an Australian and advocated for a free-market capitalism. Ludwig von Mises was an economist that predicted that new Soviet socialist economy would never work, because the government controlled wages and prices. These prices are the very heart or centerpiece in which is what makes the economy work, without these set standards our economy would be in chaos. This is one of the effect that has been on our geopolitical landscape. Like suggested in the video â€Å"with our traffic signals the street will be in chaos.† That is the same with our economy if we do not have a centerpiece, guidelines or standards this can cause a chain reaction not just in one economy but all over the world. There is a lot of connection to Globalization in these videos. The world was moving from a communist economy to a mixed economy. In the videos it talks about The World Bank Group and The International Monetary Fund, both of these play a huge role in Globalization and are global institutions. Some of the supporting factors of Globalization in the video were as follows, technologies changed played a big part in the changing economy. Better telecommunication factors helped people communicate quicker and help people get the important information that was needed. This is very important because the faster they can communicate the quicker everyone is on the same page and know what is going on in the economies. In the video they also talked a lot about political economy, political systems such as a democracy and totalitarianism. They also were also showing the differences between market, command, and mixed economies. I also saw connection between legal systems such as common law, and civic law. The regulations and standards they try to set to create less chaos were some examples of the legal systems. These systems helped get the economy back on its feet. Cultural and society plays a big role in connection to these videos. I do believe what John Maynard Keynes theory was suggestion. If the people were not afraid to spend some money and go out and purchase items, this will help the economy get its feet back up like they did after â€Å"The Great Depression.† I also think this depends on this theory because not everyone has money to spend, or savings to use. I think the government needs to have set standards to help create jobs and help create an income for the people.

Graduation Speech: No Day But Today -- Graduation Speech, Commencement

Mrs. Meke told me never to start a paper with a dictionary definition, but it only seemed fitting to site Merriam Webster today. Graduation is the act of acceptance of an academic degree or diploma. Never have Merriam and Webster been more off their mark. Graduation is much more than a simple ceremony, it is the culmination of 12 years of work, friendships, and the little moments that still make us smile. High school was more than its name leads you to believe. It wasn’t just school, it taught us a whole lot more than how to write a good essay, who laid the foundation for communism, and why we all should despise geometry proofs. High School taught us about love, life, work ethic, and how to be a person of substance, all of which might be more important than knowing what started World War I. Before we can move on, we must reflect. These have been four long years. We will cherish the good moments we have had here, games, dances, spirit days, lunches, musicals, field trips, and other countless extra curricular activities. When we look back with our rosy retrospective, these are the moments we will remember, besides in 20 years who really is going to remember how much stress their freshman bio exam caused them. We all came in this school together. We were a mixture of nervous, excited, and scared because this was an entire new world for us. Sure we may have been scared by the size of the building or we might have gotten lost on our first day, by the end of our four years, we had it all figured out. Its just our luck, the year we figure out the quickest way to each class, which hall has the coldest drinking fountain, and what is actually edible in the cafeteria, it is the year we have to leave and start this all over ag... ...lieve it or not, they really do care. They might show it by simply asking how your day was, coming in early or staying late to help you, holding a thousand reviews before the A.P. test, or letting you turn in your paper a few days late because you have had a lot on your plate and needed a little slack. There are many of you teachers here to whom we owe unending thanks and gratitude. It would simply take to long to list all of you individually and why we are thankful, but I wanted to let you know; you make me and so many others proud to be your students. Not only have you taught us millions of facts, events, and formulas, you have taught us about ourselves. There is an old Chinese Proverb that says, â€Å"Teachers open the door, but you must enter by yourself.† Well, you can let go of my hand today; I am ready to enter that door. It doesn’t get much simpler than that.

Power point presentation Essay

A slide show is a es of still images on a projection screen or electronic display device, typically in a prearranged sequence. Each image is usually displayed for at least a few seconds, and sometimes for several minutes, before it is replaced by the next image. The changes may be automatic and at regular intervals or they may be manually controlled by a presenter or the viewer. Slide shows originally consisted of a series of individual photographic slides projected onto a screen with a slide projector. When referring to the video or computer-based visual equivalent, in which the slides are not individual physical objects, the term is often written as one word, slideshow. A slide show may be a presentation of images purely for their own visual interest or artistic value, sometimes unaccompanied by description or text, or it may be used to clarify or reinforce information, ideas, comments, solutions or suggestions which are presented verbally. Slide shows are sometimes still conducted by a presenter using an apparatus such as a carousel slide projector or an overhead projector, but now the use of an electronic video display device and a computer running presentation software is typical. Animation Animation is the process of creating a continuous motion and shape change illusion by means of the rapid display of a sequence of static images that minimally differ from each other. The illusion—as in motion pictures in general—is thought to rely on the phi phenomenon. Animations can be recorded on either analogue media, such as a flip book, motion picture film, video tape, or on digital media, including formats such as animated GIF ,Flash animation or digital video. To display it, a digital camera, computer, or projector are used. Presentation Presentation is the rehearsal of performance and the explanation of the content of a theme to viewers or students. In the business world, we have sales presentation, informational and motivational presentation, first encounters, interviews, briefings, status report, image building and training sessions. presentation of a seri

The Wizard Of Oz Film Review - 802 Words

In the summer of 1939, the magical movie The Wizard of Oz was released from Hollywood. The movie was remarkably popular at the time, and many impoverished Americans of the Great Depression forked out precious change to see it in theater. Perhaps, the movie’s immense popularity was due to its release at the time of the Great Depression, to viewers who were desperate for hope and empathy. Therefore, the Wizard of Oz’s popularity should be attributed to its representation of: common Americans in movies, the nation’s fear surrounding the president’s lack of control, and the problems that the working class of the Great Depression faced. First, the movies of the time period depicted the common American people as heroic figures instead of the sterotypical heroines. For example, the most popular movies of the time, Gary Gerstle says, â€Å"were all stories about the little guy, rising up.† (Gerstle, â€Å"Movies as a Cultural Force in the 1930’s) This implies that Americans found relatable characters who made a supernatural difference gave them a sense of hope for a bright future. To continue, Gerstle says, â€Å"It aligns Hollywood, in some profound ways, with the politics of the New Deal, where the little man was celebrated as being the salvation of America at a time where big corporations and the rich were thought to have led America astray.† (Gerstle, â€Å"Movies as a Cultural Force in the 1930’s) The labor force at the time was a way for American’s to take charge of their own economic future.Show MoreRelatedDo Not Follow The Yellow Brick Road1408 Words   |  6 PagesThe 1939 MGM production of The Wizard of Oz, mainly directed by Victor Fleming, is a horrendous motion picture based on the best seller, classic novel The Wonderful Wizard of Oz, written by L. Frank Baum and illustrated by W. W. Denslow. But what makes MGM s production sheer filth and putrefaction? The Wizard of Oz is a horrible movie because of innumerable audio problems, terrible continuity editing skills, and copious cockamamie mistakes. Primarily, The Wizard of Oz focuses on Dorothy (Judy Garland)Read MoreThe Wizard Of Oz By Victor Fleming1401 Words   |  6 PagesThe 1939 MGM production of The Wizard of Oz, mainly directed by Victor Fleming, is a horrendous motion picture based on the best seller, classic novel The Wonderful Wizard of Oz, written by L. Frank Baum and illustrated by W. W. Denslow. But what makes MGM s production sheer filth and putrefaction? The Wizard of Oz is a horrible movie because of innumerable audio problems, terrible continuity editing skills, and copious cockamamie mistakes. Primarily, The Wizard of Oz focuses on Dorothy (Judy Garland)Read MoreThe Wizard Of Oz By F. Frank Baum1604 Words   |  7 PagesMetro-Goldwyn-Mayer, The Wizard of Oz is a 1939 musical fantasy film. It is the most commercially successful adaptation of the 1900 novel The Wonderful Wizard of Oz, written by L. Frank Baum. It was a box office failure when it was first released, making only $3,017,000 on a $2,777,000 budget, a meager profit of $240,000. It wasn t until it was subsequently released did it make a substantial profit. Although It was nominated for six Academy Awards, this film failed to be victorious. The Wizard of Oz did, howeverRead MoreThe Wizard of Oz Film1371 Words   |  5 PagesThe Wizard of Oz film came out in 1939, 39 years after the novel it was based off of, The Wonderful Wizard of Oz. The children’s novel was written by L. Frank Baum and became such a great success, he wrote thirteen more Oz books. It also sparked a Broadway musical. The movie is seen as a timeless classic. It had a duration of fourteen different writers and five different directors.The Wizard of Oz is a musical fantasy film about a girl named Dorothy who lives in dull, colorless Kansas. She livesRead MoreThe Wonderful Wizard Of Oz : Book Vs. Movie946 Words   |  4 PagesThe Wonderful Wizard of Oz: Book vs. Movie There always seems to be some discrepancy when a film is adapted into a movie. Often times, crucial scenes, or even characters, can be left out in order to satisfy the directors’ and screen writers’ visions. Unfortunately, such changes can clearly be seen in the film adaptation of The Wonderful Wizard of Oz by L. Frank Baum. The movie leaves out characters such as the Witch of the North and the queen of the field mice, but adds characters such as ProfessorRead MoreRobert Ebert s The Wizard Of Oz1361 Words   |  6 Pagesthese movies and write reviews to help narrow down what movies to and not to view. One of these critics is Robert Ebert. Robert Ebert is an honorable critic to base judgements off of because he does an exceptional job summarizing the plot, stating his personal opinions, and speaking about the actors/director’s roles in the film. Summarizing the plot of a film without giving away too many details and spoiling the story is one of the most important part about writing a movie review. Robert Elbert hasRead MoreFeminism in The Wizard of Oz4177 Words   |  17 Pagesï » ¿The Wizard of Oz Film and Book Background The Wizard of Oz is a book by L. Frank Baum written in 1900 and adapted into a musical fantasy in 1939. It starred a young Judy Garland, and was notable because of its use of special effects, color, unusual characters, and a fantasy storyline made into a major motion picture. It has become almost iconoclastic in film history, shown regularly on network television and becoming a part of American cultural history. The song Somewhere Over the Rainbow,Read MoreWhat It Means To Be An American Essay1233 Words   |  5 Pageswhat the identity of an American is? Through popular, art, film, and literature, the American image is defined as being based on embracing our individual identities. Movies are a perfect way to express the image of America. Movies are the mixture of art, music, and literature, containing words like a book, sounds like music, and images like art. This trinity of expression helps illustrate the picture of the individual. The western genre of film is a perfect example of this. The old west was a placeRead MoreWage Crisis By Michael Maher : Money, Power And The American Dream : Why Poverty?1189 Words   |  5 Pageswhat it will be like when the future actually comes. The films Wage Crisis by Michael Maher; Park Avenue: Money, Power and the American Dream: Why Poverty? by Alex Gibney; and The Secret of Oz by Ben Still, are some of the films that highlight the future or work and the how the wages and economy are really affecting those who are looking for work and trying to work towards a common goal – achieving the American Dream. Throughout this review, these movies will be compared to the content that have beenRead MoreThe Nightmare Of The Am erican Dream1538 Words   |  7 Pageswill be like when the future actually comes. The films Wage Crisis by Michael Maher; Park Avenue: Money, Power and the American Dream: Why Poverty? by Alex Gibney; and The Secret of Oz by Ben Still, are some of the films that highlight the future of work and the how the wages and the economy are really affecting those who are looking for work and trying to work towards a common goal of achieving the American Dream. Throughout this review, these films will be compared to the content that have been covered