Economies of scale and diminishing returns Essay Example for Free

Economies of scale and diminishing returns Essay In Business Economics, the short run is defined as the concept that within a certain period of time, in the future, at least one input is fixed while others are variable and the long run is defined as a period of time in which all factors of production and costs are variable. The law of diminishing returns is a short run concept, which states that increasing successive units of a variable factor to a fixed factor will increase output but eventually the addition to output will start to slow down and would eventually become negative. This is because if capital is fixed, extra labour will eventually get in each other’s way as they attempt to increase production. E.g. think about the effectiveness of extra employees in a factory that’s maximum workers is 100. If the firm employs 150 workers, then the productivity will eventually decrease, as they will get in each other’s way etc. However, this law only applies in the short-term, as in the long run, all factors are variable. As you can see from the graph above, the average fixed cost (AFC) curve falls as output increases due to the fact that fixed costs are a decreasing proportion of total cost as output increases. Both the average total cost (ATC) and the average variable cost (AVC) curves fall, and then rise again. The curves start to rise after a certain point because diminishing return takes place. The distance on the y-axis between the ATC and the AVC represents the value of the average fixed cost (AFC). Just like the average variable cost and average total cost curves demonstrate, the marginal cost also falls, and eventually rises again as diminishing marginal returns take place. Economies of scale, however, refer to the advantages that arise from large-scale production, which in turn results in a lower average unit cost (cost per unit). It explains the relationship between the long run average costs of producing a unit of good with increasing level of output. Unlike  diminishing returns, economies of scale is a process that operates and is caused by a development over a long period of time. Economies of scale also have many sources whereas diminishing returns is the relationship between output and only one input of production.There are two different forms of economies of scale that could occur in a firm. The first is internal economies of scale. This refers to the advantages that are caused as a result of the expanding and growth of a firm/business. Internal economies of scale can be additionally categorized into commercial, managerial, financial and technical economies of scale. Commercial economies of scale arise from the purchase of raw materials and the sale of finished goods. When the firm’s output increases, they order larger quantities of the raw materials (bulk buying) and therefore these raw material firms favour these businesses, and offer lower prices due to their ordering of higher quantities. Managerial economies of scale is a process that follows the principle of the division of labour and creates specialization due to the firm’s ability to employ specialized employees, and this causes an increase in production efficiency. A financial economy of scale is when a large firm benefits by getting better credit facilities e.g. credit at cheaper rates, being able to negotiate better finance deals etc. Finally, a technical economy of scale arises due to large-scale production because there is a technical advantage in the use of large machinery in the production process. Technical economies of scale will most likely arise due to machinery being used in the production process, which are more efficient than human labour, and also require less maintenance, training and do not require payment. External economies of scale refers to the advantages firms/businesses can get as a result of the growth of the entire industry as a whole. Usually, the industry grows due to an improvement in a specific area of the industry, such as an increase in the local’s skill and training, and improving in the training facilities themselves, which causes an increase in the quality of training for the future employees or an increase in the foreign supply of labour with a higher skillset that before.

Young Goodman Brown Essay -- essays research papers

The main theme of the Nathaniel Hawthorne’s, â€Å" Young Goodman Brown,† is the struggle between Goodman Brown’s faith, power to resist his own evil impulses and his own doubts within him. It is a story of Young Goodman Brown’s personal conflict over his inner desires and its greater meaning conflict between good and evil in the world. The characteristics of Young Goodman Brown are similar to the life of Nathaniel Hawthorne. Nathaniel Hawthorne had his own doubts about his own Puritan life and beliefs. There are numerous examples in this story whereby Hawthorne clearly demonstrates to the reader Goodman Brown’s personal internal conflict between good and evil. Hawthorne’s knowledge of the historical background of Puritanism combined with the personal experience of his early life and the history of his own family merge into the actions that Young Goodman Brown takes. â€Å"Good men† in Hawthorne’s day were those who came from a â€Å"proper† family. The influence of Puritan religion, culture and education had a major role in how someone perceived themselves and their community around them. Goodman Brown claims that he is from a family of good men that have â€Å"never been into the forest on such an errand† to meet the devil; Hawthorne utilizes this information in order to show the reader how Goodman Brown’s ancestries played a vital role on how Goodman Brown thought of himself (as of good character). This view is quickly challenged by the devil himself when he states that all of his ancestors were with him as they tortured women in Salem or burned Indian villages to the ground, and afterwards the d evil and his ancestors would go for a friendly walk. Goodman response to this allegation was; â€Å"We are a people of prayer, and good works to boot, and abide no such wickedness.† Goodman disbelieves that his ancestors could do such wickedness. Hawthorne calls into question the chaste foundation of Young Goodman Brown's heritage, as well as the societal viewpoint of what is respectable, simply by pointing to a few facts. Given the existence and the importance of religion in the era of the early nineteenth century, Goodman Brown may be expressing a desire to break loose from a rigid puritan lifestyle. The puritan life style required their followers to doubt themselves and their community so much that a reality in which one could achieve Grace did not exist. It taught that one could not... ...lls for his Faith, he gets no answer. Brown only sees the pink ribbon fall, and his awareness of the conflict between good and evil is complete. He gives himself over to a new perspective. The pink button represents the pure innocents that has disappeared. This tears Goodman apart and creates so much doubt within him that it alters his perception about all the good people that are around him. We can never be sure if good or evil won the fight waged within Young Goodman Brown, but Hawthorne makes it abundantly clear that Brown was scared for his life due to his experience. This journey that Young Goodman Brown encounters could of been a dream or even a true event that is manifested by his own internal desires. Unable to accept that society is a mixture of both good and evil, Goodman Brown chooses his own damnation. In the forest Brown saw a mixture of religious and wicked people, and it was strange to see that "the good shrank not from the wicked, nor were the sinners abashed by the saints." Brown ultimately decides to accept that everyone is evil, and he loses his chance at redemption when he makes the decision to completely isolate himself from society and even from his own wife.

A Clean And Healthy Environment Essay

A clean and healthy environment is part and parcel of the wealth and quality of life that we desire for ourselves now and for our children in the future. People demand that the air they breathe, the water they drink, and the food they eat is free of pollution and contaminants; they want to live undisturbed by noise, and they want to enjoy the beauty of the countryside, unspoiled coastlines and mountain areas. They also want a world that is not threatened by climate change. Healthy and balanced natural systems are essential for supporting life on this planet. Society relies on nature to provide us with the resources for our survival: air, water, food, fibers, medicines, and building materials. Children need to grow up aware of the nature around them. As human beings we have a responsibility to preserve the actual value of nature both for ourselves and for future generations. In recent decades, there has been a growing realization that the quality of our air, water, soil, and food affect the quality of our health and of our lives. This ranges from increased allergies, respiratory disease, and cancers to the disorder of the body’s hormone and fertility systems, and premature death. The causes of our various environment-health problems are numerous and include pollution from transport, agricultural activities, industrial processes, domestic waste matter and waste management. The scientific researches, conducted over centuries, show that the pollution of the atmosphere reached its top. The contaminants in the air have a negative impact on the health of children, as well as adults. Our respiratory organs, our vision, and our hearing are damaged because of the high amounts of contaminants in the air, water, and soil. A substantial number of people have conditions such as asthma, other respiratory problems or difficulties with additional organs of the bo dy.

Best Practices for Social Science Writing Essay

When social scientists write their research papers, they usually discuss the methods that they employed in gathering and analyzing their data and the results that they were able to generate using these methods. They however seldom concentrate on the writing process itself (Cuba, 1997). Writing in the field of social science requires the use of insight and research to better understand and make concrete observations and findings about the various behavioral elements. There are many methods of conducting social science studies namely through observations, interviews, surveys and case studies. However, when one starts writing the research paper that would embody these pertinent findings, the writer usually faces the challenges that many social science writers encounter. These problems include the complexities of achieving clarity, the potential for committing biases, writing in the first-person perspective, the use of quotations and in-text citations to support the analysis, and formatting styles particular to the field of social sciences. When writing one’s own research paper, it is important for a scholar in the field of social science to have a grasp of the basic writing techniques peculiar to social science in order to produce an academic paper that is relevant, informative and worth reading. The prevalence of search engines and the use of the World Wide Web have made it easier for scholars nowadays to conduct their studies and research with ease and in an expeditious manner. The libraries and other academic centers which make available to the public the latest references has also contributed to a great extent to achieving academic quality of various writings. Complexities in Achieving Clarity Like any other field of study, effective writing requires constant practice. This entails continuous process of writing, editing and rewriting ideas and use of words to convey these thoughts clearly to the intended audience (Cuba, 1997). Oftentimes, students of social science put off writing their research paper until they have completed doing all their research and compiled their bibliography. This practice however sometimes leads to insufficient time in writing the paper itself. In order to achieve clarity when writing a social science research paper, Hult (1996) enumerated the two components that must be considered: rhetorical question and organization. The components of a rhetorical situation include 1) the writer’s purpose; 2) the writer’s persona; 3) the potential readers or audience; 4) the subject matter and; 5) the appropriate language or tone (Hult, 1996). In starting the research write-up, the writer must determine the purpose of his paper and he must be able to define it clearly throughout the entire paper. The purpose need not be complex. A simple purpose will do so long as the readers can have a grasp of what the research is all about. Writers in the field of social science must also avoid writing in the first-person persona as this will affect the objectivity of their research. Identifying the intended audience will also help the writer in deciding what specific issues to discuss and what areas to avoid. For example, a person writing in the field of political science will have to consider political analysts as his potential readers. The subject matter is the most important aspect of the rhetorical situation (Hult, 1996). A writer must carefully select his thesis statement and decide from the materials gathered what facts must be included as well as those which need not be discussed. Furthermore, the research writer might also consider providing a glossary of terms when writing on a technical subject in order to make it easier for the readers to understand the language and tone of the research paper. Omitting Biases and Avoiding First Person Writing Style It is not uncommon practice in the field of social science to write using the first person persona. Writing from the first person perspective however indicates subjectivity in arriving at one’s own research findings and this in turn diminishes the objectivity of the research. In order to be more persuasive, the writer must couch his paper from a third person perspective so as to avoid the impression that he is impelled more by his own biases rather than reporting the facts gathered from relevant data. Omitting biases should be the foremost consideration of every social science writer because this field requires objectiveness and keen understanding of the facts and data. Unlike writers in the field of literature who have unbridled discretion to unleash their feelings and emotions in their papers, social science writers are bound by their duty to report the facts as they appear and not as they think it should be. The field of social science is primarily detail-oriented and must be supported by relevant, empirical, and reliable facts. In order to avoid biases, the writer must always dwell on the facts gathered and must use relevant sources to support his findings. Primary and secondary sources play an important role in the persuasiveness of one’s research work because the extent of the credibility of a research paper is to a great extent determined by the depth of research done by the researcher to support his study. The writer must also avoid labeling his chosen population or individual participants to avoid offending the readers. When dealing with a particular ethnic group or race, it is advisable to call them as they would like to be called. In order to avoid language biases, use the terminology applicable in the research itself. For example, when reporting on a study conducted on two types of participants, it is advisable to describe them according to how they were classified in the given study provided the labels are in themselves not offensive per se. Minimizing the Use of Quotations A writer’s source material must be in the form of paraphrases and summaries. However, paraphrased materials must still be properly documented either through in-text citations or footnotes or endnotes. Hult (1996) added that putting source material in your own words will improve the flow of your paper since the paraphrased style will blend with your own writing style and will thus contribute to its consistency. Minimize the use of direct quotations. The use of too many direct quotations distracts the reader and it also minimizes coherence of the writing style. It also leaves the impression that the writer knows little about his topic and is in fact relying heavily on what others have come up with (Hult, 1996). What the writer can do is paraphrase or summarize the portion of the materials used and document it properly. If using direct quotes cannot be avoided, the following principles are helpful in incorporating them smoothly in the research paper. First, when using quotations with four lines or less in length, enclose them with quotation marks and incorporate them in the text. Second, quotes should be introduced using the verb tense which is consistent with the tense of the quoted material. Third, change the capital letter to lower case and vice versa, within the quote if necessary. Fourth, enclosed in brackets the letter or words inserted inside the quoted material to separate them from the quoted material itself. Fifth, use ellipsis to signal that a material has been omitted from the quote. Sixth, punctuate the direct quote as it appears from the original. Seventh, a period or a comma which is part of the quote should be placed inside the quotation marks. Eighth, use a colon to introduce a quote which is more than one sentence or if the introductory material prior to the quoted portion is too long. Ninth, use a comma for short quotes (Hult, 1996). Using In-text Citations to Support Analysis A researcher who intends to make use on in-text citation in his write-up should keep in mind the American Psychological Association (APA) style which requires the use of past tense or present perfect tense when referring to earlier research materials. For example, it is incorrect to say â€Å"Smith (2008) states that†¦Ã¢â‚¬  when referring to Smith’s research findings. Instead, the researcher must employ the past or present perfect tense; hence, the in-text citation should appear like this: â€Å"Smith (2008) stated/has stated that†¦Ã¢â‚¬  In-text citations must follow the author-date format under the APA citation style, e. g. , (Smith, 2008) and a complete documentation of the source must appear in the reference list. Electronic sources are cited in the same manner as citing a printed document, e. g. , (Purdue University Online Writing Lab, 2008). For sources with no date available, place â€Å"n. d. † (meaning â€Å"no date†) after the author’s last name, e. g. , (Smith, n. d. ). Formatting Expectations A writer must see to it that his paper is professional in appearance. This is not to say however that attention to format should be every social science writer’s foremost consideration. It is also equally important to confer with your instructor as to what should be the appropriate format style for the particular paper. When preparing the paper, it is best to be conservative when it comes to formatting style rather than be ostentatious and vulgar, thus making the paper look less serious and informal. Hence, margin must not be justified on both side of the page but only on the left side only. The American Psychological Association (APA) is the most commonly used citation style format in the field of social sciences. The guidelines provided under the APA provides a useful tool in writing research papers, using in-text citations and reference page and using footnotes or endnotes. Under the APA formatting style, page headers are required to be placed in the upper right-hand of every page. This page header must contain the first two to three words of the title followed by the page number. The title page should already show include the page header. A running head must also appear on the first line of the title page flush-left. On the upper half of the page, centered, the full title of the paper, the name of the writer and university or affiliation must be indicated (Purdue University Online Writing Lab, 2008). Research papers are normally comprised of the title page, the abstract (if appropriate), the main body, the references, and the appendixes (if appropriate). The abstract need not be written for short research papers but for published research reports, an abstract is always required regardless of the length of the paper (Hult, 1996). Appendix may be used to include raw data and other information that need not appear in the main body but is likewise important in the research paper. It is located after the reference page and is labeled sequentially in letters. The reference page must include all the sources used in the research paper. The sources must be in alphabetical order by author’s last name and need not be numbered. Conclusion Writing is a necessary aspect of social research (Cuba, 1997). A good research means that the writer gave great effort in collecting and organizing his data as well as in organizing his findings in a coherent and scholarly manner suitable to the academic community he intends to present his study to. In preparing the research paper, every writer in the field of social science must consider the pertinent style guides applicable. The writing process is an analytic strategy that can only be improved through practice. This necessarily means that every social science researcher preparing his paper must open to revisions. The first draft must not be the final paper. Every writer must be also be willing to take constructive criticism from his colleagues because all too often, a writer cannot see the errors of his own work unless others point them out. Letting others read your research paper will help you in assessing some of the loopholes in your own arguments. Writing in the field of social sciences is an important aspect of the research itself because the manner in which a given study is presented contributes to the persuasiveness of the one’s findings and output. As such, it is important to be familiar with the writing techniques, styles, and formats applicable in your field of research so as to avoid mistakes and errors in presenting your research. The APA citation format style is a helpful tool in the social sciences and every scholar in this field must familiarize himself this formatting to avoid the inconvenience of revising and rewriting the research paper. The social science paper must be formal as to its structure and form and the writer must avoid using first person persona that is usually employed in the literary field. The sentences must be well-crafted and concise and must clearly reflect in a coherent and thorough manner the findings of the researcher without the need of extravagant words or details. Social science research writing is a challenging task for every writer. It requires practice and hard work just like collecting the data itself. It is an inevitable part of every researcher’s academic life and it cannot be avoided. Hence, every researcher must be familiar with the format and style peculiar to this field in order to increase the success of one’s research paper. References Cuba, Lee (1997). Short Guide to Writing About Social Science (4th Ed. ). Addison-United States: Wesley Educational Publishers Inc. Gerring, John, Yesnowitz, Joshua & Bird, Stephen (2004). General Advice on Social Science Writing. Retrieved August 1, 2008 from http://people. bu. edu/jgerring/documents/Adviceonessaywriting. pdf Hult, Christine (1996). Researching and Writing in the Social Sciences. Boston, Allyn and Bacon. Hess, Diana (2007). From Banished to Brother Outsider, Miss Navajo to An Inconvenient Truth: Documentary Films as Perspective-Laden Narratives. Social Education 71 (4), 194-199. McDonald, Susan, MD. Social Science Writing Guide. Retrieved August 1, 2008 from http://www. emayzine. com/lectures/writing. htm Mullen, Carol (2006). Best Writing Practices for Graduate Students: Reducing the Discomfort of the Blank Screen. Retrieved August 1, 2008 from http://cnx. org/content/m14054/latest/ Przeworski, Adam and Salomon, Frank (1995). The Art of Writing Proposals: Some Candid Suggestions to Social Science Research Council Competitions. Social Science Research Council. Retrieved August 1, 2008 from http://fellowships. ssrc. org/art_of_writing_proposals/ Purdue University Online Writing Lab (OWL) (19 June 2008). APA Formatting and Style Guide. Retrieved August 2, 2008 from http://owl. english. purdue. edu/owl/resource/560/01/http://Web address for OWL resource. Watts, Michael. The Holy Grail: In Pursuit of the Dissertation Proposal. Institute of International Studies. University of California, Berkeley. Retrieved August 1, 2008 from http://globetrotter. berkeley. edu/DissPropWorkshop/process/InPursuitofPhD. pdf

Peter The Great Essays - House Of Romanov, 20th Century In Russia

Peter The Great Essays - House Of Romanov, 20th Century In Russia Peter the Great Peter the Great or Peter I, czar of Russia, reigned from (1672-1725). In many ways he bettered the country of Russia, but in other ways he hurt Russia. The ways in which bettered the country outweighs the bad effects put upon Russians during his reign. Most of the ways that he improved the country stemmed from him forcing Western European culture on his people. One of the ways in which he bettered Russia was that he expanded their land. Land expansion meant that Russia became bigger that the rest of Europe and Russia now had sea and fresh water ports important for trade. He also improved education, the military, and transportation. Some of the negative aspects of Peter?s rule was that the Russians taxes increased and their standard of life had decrease. At all cost and with his perseverance Peter had made Russia a European power. Peter?s greatest accomplishment was that he educated many of the would be illiterate Russians. Russians were at the highest point of education that they had ever been. He standardized a simpler Russian alphabet and introduced Arabic numerals. He started Russian academies for higher education. For the Boyards he made the college aged people to go out of the country for five years to study at a school in a Western European school. For the first time in Russian history there were the publishing of newspapers. He also changed the calendar to agree with the current calendar, the Gregorian. Peter next best accomplishment was that he expanded the state and therefor encouraged trade. Until the middle part of his reign Russia was land locked which meant that they had to hope that the other countries would let them through their country and water to go other countries seeking trade. The only way they could trade was with neighboring countries and that was still not good. Through wars with other countries such as Sweden they acquired lands that would give them seaports. With this came the establishment of a large seaport called St. Petersburg. St. Petersburg brought along the establishment in Russia of newly invented canals, stone roads, and drainage systems. The success was due to no pay labor of the peasants and the nobles having to spend time in that city. The city became known as the window to Europe. The accomplishment that is both good and bad was the implementation of a strong standing army. The main reason for why it was good was that it gave Russia victories in wars that resulted in land gains for trading. He added the Kossacks to the military that was a great move because these men were great horsemen. Something else had grown from his army policy that benefited that peasants the nobles were also put in the army. Because of this the peasants through his military merit advancement policy could become nobles. Everyone at this time were equal in status. The reason for why it was bad was that it gave Peter absolute control over everyone. 85 to 90 percent of the revenue rose by taxes were given to the military. There were also three tax hikes to pay for his many wars and his troops. People did not realize it but their lives could have been at stake with any false actions. Peter the Great was bad in that he was very cruel to the people of Russia. He heavily taxed everyone, so the serfs had to pay taxes for themselves and their owners. In the case of St. Petersburg the serfs had build without pay and those who did not build paid taxes. Peter was so mean that he tortured his son to death and that the people of Russia were saying some bad stuff under their breath about Peter. Due to the frequent wars the people that he drafted for the army had great chances of dying in action. In wars with the Turks he had lost some of their pride. Peter the Great of Russia was a great Czar whose actions helped the country more than it hurt the country. He expanded the territory of Russia and trade with it. He also introduced Russia to Western culture. From that came education and inventions. He was also

Help! What Should I Write About in My College Application Essay!

Help! What Should I Write About in My College Application Essay! ITS NEVER TOO EARLY TO ASK YOURSELF THE QUESTION If you’re finishing up your Junior year of high school, now is the time to start thinking about your college essays.   If you’re going to be a Junior and you’re reading this, its not too early.   The point is, start thinking of topics now! Why now?   Because the best college essays go through many lives before you  submit them.   You will  write, re-write, and re-write again.   Weeks might go by after a first draft, during which inspiration can hit by surprise. You want to have lots of time for your college admissions essays to percolate, to have those magic light bulb moments, or maybe even to wake up in the middle of the night from a dream and write a brilliantly creative essay (this really does happen!). If you start thinking about your essays in November, you won’t have time for the process to work on you.   Instead of waking up with inspiration, you will wake up panicked or worried that you’re on the wrong track.   You dont want that. POSSIBLE ESSAY BRAINSTORMING QUESTIONS Here are the current Common Application Essay questions to start your wheels in motion! 2016-2017 Essay Prompts Some students have a background, identity, interest, or talent that is so meaningful they believe their application would be incomplete without it. If this sounds like you, then please share your story. The lessons we take from failure can be fundamental to later success. Recount an incident or time when you experienced failure. How did it affect you, and what did you learn from the experience? Reflect on a time when you challenged a belief or idea. What prompted you to act? Would you make the same decision again? Describe a problem youve solved or a problem youd like to solve. It can be an intellectual challenge, a research query, an ethical dilemma   anything that is of personal importance, no matter the scale. Explain its significance to you and what steps you took or could be taken  to identify a solution. Discuss an accomplishment or event, formal or informal, that marked your transition from childhood to adulthood within your culture, community, or family. Many schools have questions unique to them as well, so take some time to research what those might be. Regardless of the questions, as you think through what to write, it is important to think deeply about the meaning of things in your life. Determine what about your experience is unique to you. Thats what will make your story about your grandmother, trip to Israel or soccer practice different from the next essay in the pile. SIT DOWN  (OR STAND UP) AND  WRITE Don’t just think about these questions – start writing!   Designate a journal for your college essay ideas.   You will be surprised how quickly it fills up with great content.   Keep filling it up, and when you go back to what you wrote several months before, you might be happily surprised by some of your thoughts. If you’re struggling finding the right application essay topic, don’t despair.   There are professionals at The Essay Expert who will help you recognize what is special about your experiences and support you to present those experiences in words.   By working with an expert, you will end up with truly great college essays and have the best chance of getting into the college of your dreams. Save Category:College AdmissionsBy Brenda BernsteinMay 6, 2010

Personal Development Plan Essay Example | Topics and Well Written Essays - 2000 words

Personal Development Plan - Essay Example By becoming responsible, one develops leadership qualities and is capable of making decisions according to requirements. Time management skills allow the individual to conduct multi-tasking and reap high benefits from conducting tasks in minimum time (Stephenson and Weil, 1992). The graphs depicted in MS Excel will allow the overall scenario to be analyzed in a consistent manner. The stated goals will be achieved by developing a proper plan and accordingly by setting objectives for achieving the goal. The timeline needs to be designed and by maintaining log entries the path towards achieving the goals can be accomplished (Megginson and Whitaker, 2003). The resources that may be required for achieving the goals are reading books about leadership and learning how to become responsible, attaining seminars and workshops for time management skills and lastly learning The timeline excel tool through a tutor or any computer institute. The progress of the skill development can be measured through practical experiences such as managing time in between different projects, working out on MS Excel and analysing the decision making capability, and lastly ensuring that all work is undertaken with full responsibility. The time scale and action plan will depict the success achieved in developing the goal.  During the final years of the degree program, the results would be evident about the success of professional development goals.  Ã‚