The effects of U.S. dollar depreciation relative to yuan on the economies of the USA and China

This paper will tend to analyze the impact the U.S. dollar depreciation has on both the Chinese and the U.S. economies. This depreciation could impact both negatively and positively on the U.S. economy, this may benefit the Chinese economy as the prices of the imports from China will drastically become higher while the value of its exports to China would increase. The paper therefore addresses both scenarios as bellow.Advertising We will write a custom essay sample on The effects of U.S. dollar depreciation relative to yuan on the economies of the USA and China specifically for you for only $16.05 $11/page Learn More The effect of U.S. dollar depreciation relative to Chinese yuan Devaluation can simply be defined as the decrease in the value of a country’s currency relative to that of a foreign country. The U.S. currency depreciation can be traced back to the period between 2002 and 2008. This depreciation, however, has not been on a steady move, for example, in the years preceding the 2002-2008, the decline was so massive that it was felt greatly against the major currencies, among which are the euro, the Japanese yen, the Mexican peso, and the Chinese yuan (Elwell 1). Elwell argues that since the mid of the year 2009, the US dollar fell massively against the other major currencies recording a fall of about three percent against the yuan (1) The effect of dollar depreciation on the U.S. economy Depreciation of the U.S. dollar relative to the Chinese yuan will make the U.S. exports cheaper and imports more expensive; by doing so, the products in China will become more competitive against the third country’s products whose currency is pegged to the dollar (Fan 3). Fan points out that, ‘depreciation can also lead to improved economic growth by stimulating import’ which can also lead to an increase in the demand of import, and benefit the Chinese export’ (4). It is therefore important to note that the dollar depreciation will cause the price of imports to increase in relation to the prices of exports that are traded between the USA and China, this will eventually have a negative effect on both the businesses and the consumers in the sense that their purchasing power will tend to decline (Elwell 10). The economic trend remained constant during the period of the recession (2008-2009), and therefore the demand for loans continued to be very low for the consumers and the businesses (13). The effects of U.S. dollar depreciation on China economy This simply means that the Chinese yuan has appreciated relative to the U.S. dollar, therefore the effects of this appreciation are expected to be negative across all sectors. However, the change in the price is slightly different between agricultural and non-agricultural sectors (Yang et al 5). Yang et al in their analysis found out that the agricultural sector is more land incentive and therefore their prices fall more relative to other fact ors and this results in the decline in the agricultural products compared to those of the non-agricultural products due to reduced input cost, and as has been witnessed, the trade balance improves for the agricultural products as a result of falling prices (5-7).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In addition, the adverse effect of the yuan currency appreciation increases as long as the deflation is concerned. Deflation imposes several challenges, including shrinking consumption and investment, raising unemployment rates as well as increasing the bad debt that is not healthy for the banks (Yang et al 6). The deflation further weakens the demand since the consumers who anticipate for a further reduction in the price levels may choose to suspend consumption, therefore the yuan revaluation clearly depicts a decline in its GDP, imports, exports, and the price level (Yang et al 8). In conclusion therefore, the appreciation of the yuan would adversely affect consumers and the business both negatively and positively. When the falling dollar is good or bad for the USA A falling dollar simply means that the value of the dollar has gone down relative to the currency of the other trading partners. Several studies have indicated that the reduced value of the dollar is a result of the low interest rates, these low interest rates coupled with the budget deficit are what fuels inflation. If the dollar continues to weaken against the other currencies, especially the Chinese yuan, this may have an adverse effect on the foreign investment, hence scaring away the foreign investors (Cowen 2). A fairly increased industrial production worldwide is one of the causes of the increased products prices in the USA, a weak dollar therefore boosts the economy, on the one side, and undermines the welfare of the citizens, on the other hand (Elwell 13). On the other hand, a falling dolla r may be bad to the U.S. economy in a number of ways; first, intense precariousness can raise the general concern and discourage economic commitment. Therefore, if the dollar falls, it will scare away the foreign investors and, as a result, it hurts the U.S. economy. In conclusion, therefore the falling dollar is more of a benefit than a cost to the United States economy. Works Cited Cowen, Tyler. â€Å"The Dollar Is Falling, and That’s Good News†. The New York Times, 2 December 2002: Print. Elwell, Craig. The Depreciating Dollar: Economic Effects and Policy Response. Washington, D.C. Congressional Research Services, 2011. Web. https://digital.library.unt.edu/.Advertising We will write a custom essay sample on The effects of U.S. dollar depreciation relative to yuan on the economies of the USA and China specifically for you for only $16.05 $11/page Learn More Fan, Emma X. Implications of a US Dollar Depreciation for Asian Developing Countr ies. Philippines: Asian Development Bank, 2002. Web. https://www.adb.org/. Yang, Jun, Zhang, Wei and Tokgoz, Simla. â€Å"The Macroeconomic Impacts of Chinese Currency Appreciation on China and the Rest of world†: A Global Computable General Equilibrium Analysis. Washington, D C: International Food Policy Research Institute Publication, 2012. Print. This essay on The effects of U.S. dollar depreciation relative to yuan on the economies of the USA and China was written and submitted by user Shiloh Mclaughlin to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

King Lear Essay Example

King Lear Essay Example King Lear Essay King Lear Essay Shakespeares characters are described as being a stark contrast to each other, they are simple but represent good and evil as many productions put across such as Cinderella, with the two evil twin sisters, and Cinderella, the good, pretty one of the sisters. They have been described as two malign and one benign. Shakespeares characters in the play King Lear have also been described as two dimensional, just good or evil, this is very deliberate by Shakespeare. This division between very good and very evil is very important to Shakespeares cause.There are many things that hint upon the actual natures of the three daughters, for instance, their names, Gonerill and Regan are harsh sounding, but Cordelia is softer and more gentle in sound. Cordelia is said to have a religious quality about her because when Lear and Cordelia are about to re-unite, the gentleman describes her grief in language that suggests a religious dimension to her presence.There she shook, the holy water from her heave nly eyes, and clamour moistened She represents good, and forgiveness like most religious people would.Also the things that they do, like when Regan gouges Gloucesters eyes out, this indicates at a sense of evil. Physical appearance and costume are also a very good thing to see their different natures. In the 1983 Michael Elliot TV production, Regan and gonerill were conscious of their positions and wore all black, but Cordelia was humble and wore white. Cordellias asides indicate how shocked she is at how much her sisters can falsely flatter their father to get their allotment of the land. She cant use words, and cant find even find the words, she attempts to prove a point by not saying anything, but Lear doesnt hear what he wants to, so gets angry.There are other characters who are either very good or very bad, Kent is the only other person present to put truth and loyalty first, whatever the cost. Edmond is the other very bad character, and his only offset to his evil was an attem pt to not get Lear and Cordelia killed.Gonerill and Regans concluding dialogue is so important because it dismisses any doubt that they actually did love their father. It proves to the audience that they dont love their father, but Cordelia is the one that actually does. The three daughters dont meet up again in the play because nothing good would come of a further confrontation between Cordelia and her two sisters, it doesnt serve Shakespeares plots and there is no point to in Cordelia re-entering at this particular moment.The BBC production of the play King Lear, has Michael Hordern as Lear. This is the video in the dark room with the three daughters and the rest of the people standing around Lear. It is very difficult to determine a time or a place for this production of the play as it is very dark with little clues. The costuming though does look rather old fashioned and are a very slight indication that this video could have been set in the past. It doesnt seem to follow the in terpretation that this is a domestic play, but more formal, because the daughters are presented to the King in a very formal manner. The lighting is very dark and the camera angling points out the nervousness of Gonerill while making her speech, and the confidence of Regan while making hers.In the Richard Eyre version of the play, with Ian Holm as Lear, the daughters are all wearing grey and the background is all red, it is even more difficult to determine a time and setting for this version of the play because there are even fewer clues to give an indication of this. Richard Eyre supports the view of this play being a domestic play, he said he imagines it being set round a dinner table, because that is where most family matters are settled. In this version the love test is a lot less formal, as it set round the dinner table as more of a family matter.There are many similarities between the two videos, in both Gonerill looks very nervous while making her speech and Regan is full of confidence and really trying to make sure she gets her fair share of the land. In both videos Lear paces up and down in anger, this is after Cordelias speech when he would be mad anyway. Neither of the videos have any backing music, this could be because neither of the directors can imagine the play having backing music and maybe it wouldnt be a good idea to use any. In both of the versions Lear gets very emotional when he is angry, I think the directors would have done this to animate Lears anger, it doesnt have to be guessed then, it is clearly visible. These are all important similarities because this is what the directors can extrapolate from the text so they must have quite similar opinions.There are also many differences between the two versions, the Richard Eyre version is set round a table because Richard Eyre described the play as being a domestic play, and his idea of family is a dinner table confrontation. The BBC version is a lot more formal and Lear stands up to divide the country. The BBC version is a lot darker, the actors are wearing old fashioned costumes, but the other video looks a bit more modern. Also in the Richard Eyre production all of the daughters are wearing the same colour, grey, but in the BBC version Gonerill and Regan are wearing all black, but Cordelia wears white as well as her black dress.I see Lear as being a figure of power and authority. I think this because of the clues in the text.LEAR: The bow is bent and drawn, make from the shaft. This indicates that he thinks a lot of himself and proves he is tyrannical. Another quote that backs up my opinion of Lear is:LEAR: Out of my sight. This is short but to the point, this is how people usually speak when they are very angry and is why Lear speaks like this.I see Cordelia as being a figure of honesty, loyalty and forgiveness. I think this because she is honest during the love testCordelia: Unhappy that I am, I cannot heave my heart into my mouth. This proves her honesty no matte r what the cost. She is loyal because even after what her father had done to her, she still went back to find him. I think she is forgiving because she actually forgave her father.I see Regan as being very evil and deceitful, this is because she gauged Gloucesters eyes out and lied to get land from her father.REGAN: I am made of that self-mettle as my sister, and prize me at her worth. In my true heart I find she names my very deed of love. Only she comes too short it can be proved that she is being untrouthful here in the last lines of act one, scene one.REGAN: Tis the infirmity of his age: yet he hath ever but slenerly known himself.I see Gonerill as being a little like Regan but she lacks the confidence that Regan has. This can be seen in the Richard Eyre production, she rings her hands as if she doesnt know what to do with them.I personally prefered the Richard Eyre production, this is because it was a little easier to understand and the emotions were put accross a lot more clea rly. The BBC version was a little too dark and not as well acted.In conclusion the last lines of the play sum the play up.EDGAR: The weight of this sad time we must obey, speak what we feel, not what we ought to say. The oldest hath borne most: we what are young shall never see so much, nor live so long. This basically says that we should say what we think not what we think we should say. I agree with this, but it only works if everyone abides by this, as soon as someone doesnt say what they think there is a problem. These lines also return the audiences attention to the genesis of the whole tragedy and defines the moral mesage of the play.

After Wwi East Asia and North Merica Ap World History Essay Example for Free

After Wwi East Asia and North Merica Ap World History Essay ? After world war one East Asia and North America responded similarly to economic growth and social structure, while taking opposite decisions concerning politics and international relations. Both countries grew economically due to industrialism and their standard living improved by opting for western lifestyle. But japan was involved in war and with no thoughts of stopping while the United States was remaining out of it. To start with, United States and japan had similar ideas regarding their social structure. As the united stated was evolving in improving standard living, japan was moving towards western cultural values. In the United States woman’s rights and labor was beginning to be a normal idea and even birth control comes into the picture. While in japan gender equality, freedom of expression and dignity of the individual where being embraced. All of this because allot of men had to fight in war and people where needed to do work, women took a step and did it becoming not only efficient for working but also economically independent. In other words countries standard living was rising with more people being comfortable with their way of living and not rebelling because of having more rights. Moreover United States and japan had their difference regarding their international political position. While japan gets involved in war, the United States opts for isolationism. Although world war was over and japan had seen the deaths and devastation they decided to invade Manchuria a city in china and one year later invades Shanghai because of a minor conflict but also because Japanese where waiting for an excuse to conquer china for resources, after the battle of Shanghai 22 major battles followed. Meanwhile the United States stayed in their side provoking little problems. Not forgetting to mention that Japan and war one. Like that the United States and japan where in opposite sides of the war after The Great War, japan inside and the united states outside. In addition United States and japan both grew economically after world war one because their industrialism. Both of them got involved in the war very late that gave them more advantage because they had more weapons. Also their industry grew allot making more weapons to export and also they had more manufacturing. As well the United States was giving out loans to countries that where in a bad shape after war. These made both countries economically grow and become economically superior from other countries. In conclusion the United States and japan where similar regarding social structure and economics, they had their differences in their decisions to enter war again. Even more important is what would happened next and that despite their similarities they would end up as rivals and fighting against each other. Was that really the right choice? After Wwi East Asia and North Merica Ap World History. (2018, Nov 09).

Operation management of Tom Pulling Toys Essay Example | Topics and Well Written Essays - 1250 words

Operation management of Tom Pulling Toys - Essay Example The intention of this study is Tom Pulling Toys as a global manufacturer of educational toys. Its toys are being manufactured in China and sold in the European and US markets. However, due to rising competition and increasing customer complaints, the company is in a spot of bother. To tackle the situation the company is planning to adopt Total Quality Management practices in its operations. As a starting step, the company has decided to use Statistical Process Control at one of its doll manufacturing lines. For this, data collection has been done over a 30 day period. The data collection has been done from the point of view of colouring defects and the height of dolls as these were the two areas the customers complained about. As an output of the analysis on the collected data, the company needs to know whether its processes are in control. The company also needs recommendations in case the processes are not in control. For the first set of data regarding the number of colour defecti ves, firstly the mean number of defectives is calculated. C-chart is the most suitable chart for this purpose since it is used when number of defects or errors is given and the size of sample (here 200) is constant. Using the mean the two 3 sigma control limits are established as: Lower Control Limit (LCL) = c bar – 3 * (c bar)^.5 Upper Control Limit (UCL) = c bar + 3 * (c bar)^.5 The minimum value of Lower Control Limit can be 0. Hence, a negative value for the same is replaced by 0. The mean number of defectives, LCL and UCL are obtained as 6.033, 0 and 13.402 respectively. C-chart is plotted using the number of defectives and control limits. The same is shown in Figure 2.1. Figure 1: c-chart for Number of defectives From the chart, it can be observed that one data point lies above the UCL indicating that the process is not in control. However, since only 1 out of 30 points lies outside, it can be removed by outlier analysis. For the second data set, x bar and R charts are appropriate. For R chart, the ranges are calculated for each of the 30 samples. Mean range or R bar is then computed as an average of these ranges. The 3 sigma control limits for R chart are then established as: Lower Control Limit (LCL) = R bar * D3 Upper Control Limit (UCL) = R bar * D4 The R bar, LCL and UCL are obtained as .5533, .254 and .853 respectively (Table of Control Chart Constants). R chart is plotted using the ranges, mean range and the two control limits. The same is shown in F igure 2.2. Figure 2.2: R chart for height of doll From the chart it can be observed that a large number of data points lies outside the two control limits. This shows that the process is out of control. For x bar chart, the mean height for each sample is calculated and then mean of mean heights (x bar bar) is calculated. The 3 sigma control limits are the established as: Lower Control Limit (LCL) = x bar bar – R bar * A2 Upper Control Limit (UCL) = x bar bar + R bar * A2 The x bar bar, LCL and UCL

Personal Activity Plan Essay Example | Topics and Well Written Essays - 1000 words

Personal Activity Plan - Essay Example The right to lead a healthy lifestyle has social and intellectual ramifications. An individual can consistently pursue any of these issues in a court of law if it threatens him or her health status. The six dimensions of health comprise personal issues such as physical, psychological, intellectual and spiritual concerns, and external factors comprising social and environmental issues. It is necessary to deal with the personal and external factors separately to get better idea how they affect the individual and the society. (Health 190). Today, the internet offers an individual a whole array of treatment and remedies to promote good health. The resources are so vast that it is easy to be inundated with information and contacts. It is here that one has to be careful and vigilant. The internet is a big seamless world. The genuine and the cheat live here. It is important to distinguish the real from the dross. The chances of getting misled by alluring sites and supernatural claims are simply too great to be made light of. Once trapped, the consequences are almost impossible to reverse. Money is not all that is loss, health and body organs' too suffer damages. (Chapter A2-A5). Scientifically established allopathic treatment and remedies take preference in health and sickness-related issues. However, even Complementary and Alternative Medicines (CAM) are growing in popularity due to failure of allopathic line of treatment at times. Successful treatment by herbal and homeopathic medicines has merited the attention of well-established, renowned medical institutions to research effective herbal medicines. Therefore, individuals the world over are keeping their options open for any line of treatment that works in order to achieve good, healthy lifestyles. (Health Information on the Internet). External factors The contributions of social and environmental factors to an individual's health are civic responsibilities and provision of pollution-free atmosphere. Congestion in urban locations, junk food outlets, vehicular and manufacturing units' gas emissions, haphazard dumping of domestic and industrial wastes are some factors that adversely affect personal health and hygiene. A good, clean neighborhood and pollution-free atmosphere helps with prevention of diseases. Self treatment The family doctor is an important consultant to refer for all health and medicine related issues. Indeed, it is a boon for a family to have a conscientious, responsible general medical practitioner to turn to for every type of health problem. Also, the medical line has become techno-savvy and specialized so there are special doctors and surgeons providing the best line of treatment in their own field of practice. However, it is ultimately the individual who is responsible for his or her own health status. Medicines, medical treatment and facilities, books on home remedies, medical forums, online medical information sources, etc. have enough potential for a patient and the layman to zero in on the best available remedies. The information is provided in simple and easy to understand language. The

Managerial Economics Essay Example for Free

Managerial Economics Essay Chapter 1: Introduction to Managerial Economics 4. Describe the importance of the other things equal assumption in managerial economic analysis. 5. Describe what constitutes a market, distinguish competitive from non-competitive markets, and discuss imperfect markets. 6. Emphasize the globalization of markets. NOTES 1. Definition. Managerial economics is the science of directing scarce resources to manage cost effectively. 2. Application. Managerial economics applies to: (a) Businesses (such as decisions in relation to customers including pricing and advertising; suppliers; competitors or the internal workings of the organization), nonprofit organizations, and households. (b) The â€Å"old economy† and â€Å"new economy† in essentially the same way except for two distinctive aspects of the â€Å"new economy†: the importance of network  effects and scale and scope economies. i. network effects in demand – the benefit provided by a service depends on the total number of other users, e.g., when only one person had email, she had no one to communicate with, but with 100 mm users on line, the demand for Internet services mushroomed. ii. scale and scope economies – scaleability is the degree to which scale and scope of a business can be increased without a corresponding increase in costs, e.g., the information in Yahoo is eminently scaleable (the same information can serve 100 as well as 100 mm users) and to serve a larger number of users, Yahoo needs only increase the capacity of its computers and links. iii. Note: the term open technology (of the Internet) refers to the relatively free admission of developers of content and applications. (c) Both global and local markets. 3. Scope. (a) Microeconomics – the study of individual economic behavior where resources are costly, e.g., how consumers respond to changes in prices and income, how businesses decide on employment and sales, voters’ behavior and setting of tax policy. (b) Managerial economies – the application of microeconomics to managerial issues (a scope more limited than microeconomics). (c) Macroeconomics – the study of aggregate economic variables directly (as opposed to the aggregation of individual consumers and businesses), e.g., issues relating to interest and exchange rates, inflation, unemployment, import and export policies. 2 Chapter 1: Introduction to Managerial Economics 4. Methodology. (a) Fundamental premise economic behavior is systematic and therefore can be studied. Systematic economic behavior means individuals share common motivations and behave systematically in making economic choices, i.e, a person who faces the same choices at two different times will behave in the same way both times. (b) Economic model – a concise description of behavior and outcomes: i. focuses on particular issues and key variables (e.g., price, salary), omits considerable information, hence unrealistic at times; ii. constructed by inductive reasoning; iii. to be tested with empirical data and revised as appropriate. 5. Basic concepts. (a) Margin vis a vis average variables in managerial economics analyses. i. marginal value of a variable – the change in the variable associated with a unit increase in a driver, e.g., amount earned by working one more hour; ii. average value of a variable – the total value of the variable divided by the total quantity of a driver, e.g., total pay divided by total no. of hours worked; iii. driver – the independent variable, e.g., no. of hours worked; iv. the marginal value of a variable may be less that, equal to, or greater than the average value, depending on whether the marginal value is decreasing, constant or increasing with respect to the driver; v. if the marginal value of a variable is greater than its average value, the average value increases, and vice versa. (b) Stocks and flows. i. stock – the quantity at a specific point in time, measured in units of the item, e.g., items on a balance sheet (assets and liabilities), the world’s oil reserves in the beginning of a year; ii. Flow – the change in stock over some period of time, measured in units per time period e.g., items on an income statement (receipts and expenses), the world’s current production of oil per day. (c) Holding other things equal – the assumption that all other relevant factors do not change, and is made so that changes due to the factor being studied may be examined independently of those other factors. Having analysed the effects of each factor, they can be put together for the complete picture. 6. Organizational boundaries. (a) Organizations include businesses, non-profits and households. (b) Vertical boundaries – delineate activities closer to or further from the end user. (c) Horizontal boundaries relate to economies of scale (rate of production or delivery of a good or service) and scope (range of different items produced or delivered). 3 Chapter 1: Introduction to Managerial Economics (d) Organizations which are members of the same industry may choose different vertical and horizontal boundaries. 7. Competitive markets. (a) Markets. i. a market consists of buyers and sellers that communicate with one another for voluntary exchange. It is not limited by physical structure. ii. in markets for consumer products, the buyers are households and sellers are businesses. iii. in markets for industrial products, both buyers and sellers are businesses. iv. in markets for human resources, buyers are businesses and sellers are households. v. Note: an industry is made up of businesses engaged in the production or delivery of the same or similar items. (b) Competitive markets. i. markets with many buyers and many sellers, where buyers provide the demand and sellers provide the supply, e.g., the silver market. ii. the demand-supply model basic starting point of managerial economics, the model describes the systematic effect of changes in prices and other economic variables on buyers and sellers, and the interaction of these choices. (c) Non-competitive markets – a market in which market power exists. 8. Market power. (a) Market power the ability of a buyer or seller to influence market conditions. A seller with market power will have the freedom to choose suppliers, set prices and influence demand. (b) Businesses with market power, whether buyers or sellers, still need to understand and manage their costs. (c) In addition to managing costs, sellers with market power need to manage their demand through price, advertising, and policy toward competitors. 9. Imperfect Market. (a) Imperfect market where one party directly conveys a benefit or cost to others, or where one party has better information than others. (b) The challenge is to resolve the imperfection and be cost-effective. (c) Imperfections can also arise within an organization, and hence, another issue in managerial economics is how to structure incentives and organizations. 10. Local vis a vis global markets. (a) Local markets – owing to relatively high costs of communication and trade, some markets are local, e.g., housing, groceries. The price in one local market is independent of prices in other local markets. 4 Chapter 1: Introduction to Managerial Economics (b) Global markets owing to relatively low costs of communication and trade, some markets are global, e.g., mining, shipping, financial services. The price of an item with a global market in one place will move together with the pries elsewhere. (c) Whether a market is local or global, the same managerial economic principles apply. (d) Note: Falling costs of communication and trade are causing more markets to be more integrated across geographical border – enabling the opportunity to sell in new markets as well as global sourcing. Foreign sources may provide cheaper skilled labor, specialized resources, or superior quality, resulting in lower production costs and/or improved quality. ANSWERS TO PROGRESS CHECKS 1A. The managerial economics of the â€Å"new economy† is much the same as that of the â€Å"old economy† with two aspects being more important – network effects in demand and scale and scope economies. 1B. Vertical boundaries delineate activities closer to or further from the end user. Horizontal boundaries define the scale and scope of operations. ANSWERS TO REVIEW QUESTIONS 1. Marketing over the Internet is a scaleable activity. Delivery through UPS is somewhat scaleable: UPS already incurs the fixed cost of an international collection and distribution network; it may be willing to give Amazon bulk discounts for larger volumes of business. 2. Number of cars in service January 2002 + production + imports – exports – scrappage during 2002 = Number of cars in service January 2003. Number of cars in service is stock; other variables are flows. 3. [omitted]. 4. No, models must be less than completely realistic to be useful. 5. (a) Average price per minute = (210 + 120 x 4)/5 = 138 yen per minute. (b) Price of marginal minute = 120 yen. 6. (a) Flow; (b) Stock; (c) Stock. 5 Chapter 1: Introduction to Managerial Economics 7. (a) The electricity market includes buyers and sellers. (b) industry consists of sellers only. The electricity 8. (a) False. (b) False. 9. [omitted]. 10. If there are scale economies, the organization could product at a lower cost on a larger scale, which means wider horizontal boundaries; and vice versa. 11. Yes. Horizontal boundaries: how many product categories should it sell? Vertical boundaries: should it operate its own warehouses and delivery service? 12. Intel has relatively more market power. 13. (b). 14. Both (a) and (b). 15. Competitive markets have large numbers of buyers and sellers, none of which can influence market conditions. By contrast, a buyer or seller with market power can influence market conditions. A market is imperfect if one party directly conveys benefits or costs to others, or if one party has better information than another. WORKED ANSWER TO DISCUSSION QUESTION Jupiter Car Rental offers two schemes for rental of a compact car. It charges $60 per day for an unlimited mileage plan, and $40 per day for a time-and-mileage plan with 100 free miles plus 20 cents a mile for mileage in excess of the free allowance. a. For a customer who plans to drive 50 miles, which is the cheaper plan. What are the average and marginal costs per mile of rental? (The marginal cost is the cost of an additional mile of usage.) b. For a customer who plans to drive 150 miles, which is the cheaper plan. What are the average and marginal costs per mile of rental? c. If Jupiter raises the basic charge for the time-and-mileage plan to $44 per day, how would that affect the average and marginal costs for a customer who drives 50 miles? 6 Chapter 1: Introduction to Managerial Economics Answer (a) It is helpful to sketch the total rental cost as a function of the mileage (see figure below). The breakeven between the two plans is at 200 miles per day. For 50 miles, the time-and-mileage plan is cheaper. Average cost = $40/50 = 80 cents per mile. Marginal cost = 0. Total cost ($) time-and-mileage plan unlimited mileage plan $60 $40 0 100 200 Quantity (miles per day) (b) For the 150 mile customer, the time-and-mileage plan is still cheaper. Average cost = $(40 + 0.2 x 50)/150 = 33 cents per mile; marginal cost = 20 cents per mile. (c) After the increase in the basic charge, the average cost = $(44 + 0.2 x 50)/150 = 36 cents per mile, while marginal cost = 20 cents per mile. The increase in the basic charge doesn’t affect the marginal cost. 7

The Effective Leaderhsip Roles of Sport Team Captains Essay -- Team Le

Captains of sports teams are given the stereotype that they are the most athletic player on the team, scoring the most goals and handling the ball best. In truth, captains have a lot of work they have to do that doesn’t even involve playing the sport. Captains are the most looked at player of the game; other players, younger kids and coaches look to them to set examples. They have to set examples in every aspect of the game; athleticism might be part of their job but it is not limited to it. The captain of any sports team must set the leadership standard for commitment, confidence, intelligence, and attitude.   Ã‚  Ã‚  Ã‚  Ã‚   Any captain of a sports team must be committed and dedicated to their team. A captain must ensure that they are present and on time for every practice and game which he or she is intended to be at. Captains have many roles during practices, they are the first one there helping set up drills and organizing the practice. They need to make sure everyone is on the playing area on time and leading the warm-ups. The captain must lead by example by showing that he or she is there to practice or play his or her best and that everyone should give it their all, all the time (Mosher, 1981). They need to show that nothing else matters when that are playing or practicing; everyone’s mind should be strictly focused on the coach if he or she is talking, or the play they are working on, or the game they are in. The captain must be a strong leader and show dedication towards his or her sport.   Ã‚  Ã‚  Ã‚  Ã‚  As well as being dedicated to be at all the team’s events, the captain must have the commitment to know all the plays and roles of all the positions. He or she is the key person that everyone looks up to; if someone is confused about a play, they must be able to go to his or her captain and find the answer they are looking for. The captain must be available before and after the practice to answer any questions put forward by his or her team mates (Brearley, 2000). The captain should be like an instruction manual for anyone who needs it, he or she will help show and tell others how to do a job.   Ã‚  Ã‚  Ã‚  Ã‚  Another major role for the captain is to be committed to talk to the players and the coaches and be the link between them. The captain must ensure that there is a constant flow of communication between the players and coaching staff. To accomplish this, the captai... ...during the game the captain should be involved for support or stopping depending on the situation. In small hockey towns, for example, all the young children in the town look up to the captain of the local hockey team. If the captain is seen doing something wrong, it is looked negatively upon; he or she must keep a positive status for themselves and for the team. The captain must have the intelligence to dissect problems that have to do with his or her team.   Ã‚  Ã‚  Ã‚  Ã‚   The captain has the potential to effect more results than the assistant coach and/or even the head coach. Captains leave effects on others on every level and interact with everyone; they have the capability of influencing the coach and teaching other players. Captains must ensure that they never step out of line and must keep his or her team in order. They have to have his or her mind on the sport constantly, and always be aware of what they are doing. Captains will always have a lot on their shoulders and coaches should look for more in a captain than just athletic ability. They should also look for commitment, confidence, and intelligence to ensure they choose the best person to lead their team to the championship.

Counselor Essay Essay

Michael is a Case Manager within Spectrum Health hospitals and has been for four years. Michael is twenty-eight years old and enjoys doing his job although he has stated that it can be difficult at times. Michael stated that sometimes there is over time when other employees call in and case load can be heavy at times. Michael stated that every so often he has to wear a pager so employees within the hospital can get ahold of them when emergent issues arise. On call is every third weekend and four days out of each month where Michael is on call 24/7. As Michael punches in for the day, he meets with patients that are either just admitted or ready for discharge. Michael will help patients gain what they expect within the hospital so they will be pleased with the kind of care they received while in the hospital. Michael will also help patients that are ready to be discharged gain everything needed for their home after they are discharged. Things such as canes, walkers, commodes, home care , Dr. Visit’s, etc. As I asked if Michael has every experience burnout he stated that he has felt burned out before and even a little overwhelmed when he is placed on call for a few days. Michael has never thought about quitting his job but he has felt the need to take a few days off before just to gain a clear mind and get back to work. One stage of burn out Michael has experienced would be stage three in which that is frustration. Frustration comes within Michael when he is unable to complete every task that is expected of him. Michael has felt frustrated before when he is given too much and not enough time to complete every task. Michael strives to do his best within his position and sometimes that is not enough because as he gains too much work, he cannot spend the time needed with the patients to ensure proper  care is being achieved while the patient is in the hospital. Michael often sets up agendas for his work and how to get the work done in a timely manner so he does not get frustrated when things don’t get done or issues arise. Michael relieves frustration this way because he is able to visualize what he needs to do and what things to do first. Michael often takes times off from work in order to not get frustrated within his position. Michael will spend time with his family and while at home he will not speak of work so that he can enjoy family time and not think of work while relaxing. Burnout is defined as an internal psychological experience that involves feelings, attitudes, motives and expectations. Burnout means the energy of an individual has been consumed by helping others. Energy crisis occurs when the psychic demand exceeds the supply. Burnout is often experienced with a state of physical, mental and emotional exhaustion caused by a long-term involvement within an emotionally demanding situation. Burnout is often accompanied by physical depletion, feelings of helplessness, disillusionment, negative self-concept and negative attitudes toward employment, people and life in itself. Burnout represents a breaking point where it’s hard for an individual to cope with the environment surrounding them. Compassion fatigue is often caused by a work related stress and it is also an increase of loss in compassion over a period of time. Compassion fatigue can share similar symptoms of burnout but just not in an as severe way. There are many ways burnout can occur; Burnout often comes in blocks that include Role ambiguity or the lack of clarity concerning rights, responsibilities, methods, goals, status and accountability toward themselves. Role conflict is the significance of a  demand placed on the individual that are incompatible, inappropriate and inconsistent within the values or ethics. Role overload is the quantity and quality of demands placed on the individual that are too great. Inconsequentiality is the feeling of helplessness, the individual may feel that no matter what they do they are not good enough they gain little  recognition, accomplishment, appreciation or success. Isolation means that individual may lacking in support or has minimal support and the last one is Autonomy, where the ability to make decision on what they will do and how they will deal with their patients may be affected by their place of employment. Signs of burnout may include tardiness, dreading work, turning to drug s or alcohol, withdrawing from friends or family, clockwatching, depression, sudden change in weight, suicide or homicide thoughts or attempts just to name a few. Burnout also comes in stages, there are four main stages of burnout that can occur as an employee tries there absolute best within the position they have accepted within any organization. Stage one is enthusiasm, where the employee enters the job with high hopes and unrealistic expectations. If the employee is not tempered by orientations, training and realistic expectations the Human Service work may lead to the second stage which is stagnation. Stage two is stagnation, where the employee starts to feel that personal, financial, and career needs are not met. This may happen as the employee visualizes other employees moving on faster than themselves, an increase in pressure at home, financial obligations increasing and lack of employee reinforcement from doing the job well. As these are not met or taken care of, burnout can lead to the next stage of frustration. Stage three is frustration, where the employee may doubt their Caretaker Interview 5 effectiveness, values or impact of their efforts within the organization. One employee’s frustration may hold a domino effect toward others because the effect of burnout are contagious within an environment. Frustration can be dealt with by arranging workshops and support groups to increase awareness and generate problem solving as a group effort. If frustration is not taken care of within a positive manner, frustration can turn into Apathy. Stage four is Apathy, where the employee meets the feeling of actually being burned out. The employee may become immobile, in denial and may be in stage of crisis. As an employee meets this stage of burnout, psychotherapy may be needed to reverse the actions of burnout and to get the employee at a positive state of mind.

The Symbols in the Tell-Tale Heart

01121133 A Professor: Introduction to English Literature and American Literature, Tue 78 Paper1: The Tell-Tale Heart Oct, 23, 2012 The Symbol in â€Å"The Tell-Tale Heart† According to the Norton Introduction to Literature, the definition of symbol is that† A symbol in a work of literature compares or puts together two things that are in some ways dissimilar. A symbol in literature usually carries richer and various meanings, as does a flag or religious image. And because of its significance, a symbol usually appears or is hinted at numerous times throughout the work† (Booth 209).Thus, symbols are used in literature to represent something more than the literal aspect itself. They can come in the form of phrases, colors, objects or events. Through this, the writer can effectively suggest unsaid ideas and meanings to the audience. The use of symbolism serves as clues by the author, to infer something more or a deeper meaning. Therefore, this essay is going to anal yze this story by interpret symbols appeared in the story â€Å"The Tell Tale Heart. † In the story, the narrator claims that he is not mad, but his behavior, thought and words tell a different story.The narrator is determined to kill the old man in the story, not because jealously or animosity but because â€Å"one of his eyes resembled that of a vulture- a pale blue eye, with a film over it† (Poe, The Tell Tale Heart). The narrator put the subjective feeling on the eye; the narrator said the old man’s eye is an â€Å"Evil Eye† (Poe, The Tell Tale Heart). An eye is covered by a veil or film; it symbolically means that the narrator has issue with the â€Å"inner vision†-what is commonly known as one’s outlook on the world. So our reading of the story is through the eye which is defined by the narrator.Then, when we read the story, we will be leaded by the narrator’ subjective feeling through what the narrator call an† Evil Eyeâ €  (Poe, The Tell Tale Heart). So, one of the old man’s eyes symbolizes the narrator’s world of the heart. According to The Tell Tale Heart, â€Å"I undid the lantern cautiously-oh, so cautiously — cautiously (for the hinges creaked) –I undid it just so much that a single thin ray fell upon the vulture eye. † We could know that the lantern in the story can be adjusted to as much or as little as you want, and the narrator keeps most of light hidden; only allowing one ray to escape.The narrator said,† I found the eye always closed; and so it was impossible to do the work; for it was not the old man who vexed me, but his Evil Eye† (Poe, The Tell Tale Heart). The narrator wants to kill the old man because of that eye, so the narrator could only kill the old man when the old man’s eye wide-opened; however, we could know if the old man opens his eye, he will know that the narrator is going to kill him. And, in the story, the narrato r keeps emphasizing that what the behaviors are done is so cautious and that the old man won’t find it. So, the ray from the lantern symbolizes the contradiction in the narrator’s heart.The bedroom is the place where we usually feel safe; most of the time, when we are on the bed, we are usually vulnerable because of a lack of sense of crisis. However, Poe write the bedroom as a dangerous place where might even be killed. It is defined as a burial. The biggest symbol in the story is all the contradictions which symbolize the narrator who is insane. We can see lots of contradiction in this story. First, â€Å"It took me an hour to place my whole head within the opening so far that I could see him as he lay upon his bed† (Poe, The Tell Tale Heart).It is really strange to spend an hour placing one’s head within the door. Second, â€Å"I undid the lantern cautiously-oh, so cautiously — cautiously (for the hinges creaked) –I undid it just so much that a single thin ray fell upon the vulture eye. And this I did for seven long nights –every night just at midnight –but I found the eye always closed; and so it was impossible to do the work; for it was not the old man who vexed me, but his Evil Eye† (Poe, The Tell Tale Heart). There are two contradict points in above sentence.One is that everyone should have a consciousness if there is â€Å"a single thin ray† fell upon our eyes; much less, the old man have been done like this lasting for eight days. The other one is that the narrator says that killing the old man only happens when that the old man’s vulture-blue eye is open. But if the old man opens his eye, he will know the narrator is going to kill him, also, when someone knows that you are going to be killed, you may scream or make some big noises or even some body reactions. In this way, this event may be found by others.According to the story, this kind of condition is not a result that th e narrator wants. So we can know these things are contradict. Third,† And the old man sprang up in bed, crying out –â€Å"Who's there? † I kept quite still and said nothing. For a whole hour I did not move a muscle, and in the meantime I did not hear him lie down. He was still sitting up in the bed listening† (Poe, The Tell Tale Heart). Generally speaking, after we say â€Å"who’s there? † we usually go check out what happens or keep sleeping if no one answer us. We won’t sit up in the bed listening for a whole hour.Fourth, â€Å"I knew that he had been lying awake ever since the first slight noise† (Poe, The Tell Tale Heart), and â€Å"although he neither saw nor heard† (Poe, The Tell Tale Heart). One says the old man heard something, the other one says he didn’t hear or see anything. These two sentences conflict to each other. Fifth,† the sound would be heard by a neighbor† (Poe, The Tell Tale Heart), and â€Å"it would not be heard through the wall† (Poe, The Tell Tale Heart). If the sound would be heard by a neighbor, it would be heard by a neighbor.If the sound would not be heard through the war, it would not be heard by a neighbor. So, we could know these two sentences conflict to each other. Sixth, â€Å"There was nothing to wash out –no stain of any kind –no blood-spot whatever† (Poe, The Tell Tale Heart). The narrator cut off the old man’s head, legs and arms. It is impossible that no blood is on the floor. To sum up, according those contradictions, we could suspect reasonably that the narrator is insane and the narrator doesn’t kill the old man, this whole story is imagined by the narrator.In conclusion, after reading The Tell-Tale Heart, we can know that this story is not only a horrible story, it also teach us every story might have some significant meanings behind them. Reading is not only to understand the meanings on the surf ace but also to think deeply and train our ability of analyzing mentally. We should not be afraid of those symbols, and we shouldn’t be frustrated by those symbols; we should try our best to think about what the writers try to tell us truly. Works Cited Booth, Alison and Kelly J. Mays, eds. The Norton Introduction to Literature. 10th ed. New York: Norton, 2010. Edgar Allan Poe, â€Å"The Tell-Tale Heart†

[WATCH] How to encourage your employees to speak up in meetings

[WATCH] How to encourage your employees to speak up in meetings Attention HR – Introverted or technically focused team members can often struggle when it comes time to publicly contribute to the work conversation.   But we all know we’re better when all our voices are heard. Developing the confidence to actively and intelligently participate in meetings takes some serious courage (and planning). This week’s Bossy Skirt outlines a clear and simple three-part approach that you may find helpful when working with your quieter colleagues.   After all, everyone deserves a chance at the mic.Source:[DailyFuel]

Ottoman and Safavid Empires Essay Example | Topics and Well Written Essays - 750 words

Ottoman and Safavid Empires - Essay Example Powerbase The solid powerbase is an important factor that legitimized the rule of the Ottoman and Safavid empires. They owed much of their power to the empire created by the Mongols previously as well as the political institutions that allowed for the achievement of the "military patronage state" wherein government functioned like a great military family that serve as protector of the country and its culture. The Ottoman Empire is the greater beneficiary of these Mongol legacies. Nonetheless, what can be seen here is that the prevailing political environment was already stable, systematic and influential. All it took was strong leadership to take advantage of all the policy network available as well as the existence of an effective bureaucracy that has been established long before. This last factor is particularly helpful in the case of weak Sultan who is incapable of protecting his subjects by himself. The bureaucracy assumed great powers and centralized authority that a weak leader could rule just effectively, taking authority and power from the many branches of his government (Karpat 2002, 400) Holy Mandate Another important legitimizing force for the powerbase of the Ottoman and the Safavid empires was religion - the Islamic values and laws. ... The Safavids also benefited from religion in this manner. In fact, Islam is their primary claim to authority. The primary authority of the Safavid rulers was based on the claim that the they were descendants of the seventh imam, and therefore were quasi-divine persons (Lapidus 2002, 445). Unlike the Ottomans, who benefitted in combining religious and secular approach in governance, the Safavids went as far as establishing a religious establishment that eventually used to eliminate opposition to the government and the ruler. For this purpose, Shah Ismail founded Shi'ism built up the ranks of the Shi'i ulama, which ruthlessly suppressed rivals of the state and the religious order. Shah Ismail successfully made his subjects think that he and his heirs, being descendants, of the Seventh Imam, Muza al-Kazim, were his reincarnations on earth (The Empire of the Heartlands reference 64). This cemented the authority of the Shah, becoming the head both of the state and of religion, being the T welfth Imam, in the flesh. In addition, the Safavid rulers also carefully cultivated historic images of previous glorious Persian past such as manuscript illuminations, architecture, and court literature of Iranian kings of kings (Khoury and Kostiner 1990, 36). This recall of past glory and Persian forms of monarchy strengthened the religious authority of the Safavid leaders so that they were able to consolidate power and maintain it without significant opposition from the people. In the 13th century, for example, the leadership encouraged the theory that the Safavid founder Husain married the daughter of Yazdigird III, the last Sassanian king, effectively linking the house of Ali to the Iranian monarchical tradition (Empires of the Heartland reference, 47). The Ottomans also organized

American indian Essay Example | Topics and Well Written Essays - 500 words - 1

American indian - Essay Example us people, the descendants that remained from the genocide that occurred during the 1800’s, have been supplanted to distant outposts of despair called reservations. During the late 1700’s trappers established trading posts which initiated business relationships with the native population. This new relationship introduced tribal members to firearms which aided them while hunting or defending themselves. The association also brought smallpox which devastated the tribes’ population. The trading posts offered provisions outside of what was supplied in nature and enhanced the tribal economies which were previously tied directly to following the buffalo herds. Otherwise, buffalo provided almost everything the Indians needed including food, clothes, weapons and shelter until they were nearly hunted into extinction in the 1880’s, forcing the Indians to depend upon the white man for trade. From the first landing of the Europeans in America to the present, Indians have desperately attempted to retain their land and culture. However, as there was then, there are now some Indians who learned the white mans’ customs well enough to use this knowledge as an advantage benefiting both personal and tribal interests. Throughout the history of the nation, Indians have learned to speak English well enough to articulate their beliefs, art, folklore and culture to those outside the Indian reservation. It is because of this effort to at least partially assimilate into white society that Indian culture, religion and traditions have become of interest and widely respected among mainstream Americans. Some have become good students of capitalism as evidenced by the success of the casinos (Hoxie, 1992). A number of Indians have gone to great lengths to be equally adept in both Indian and non-Indian cultures over the past quarter century. These individuals have been able to express the concerns of tribal society at the congressional and judicial level thus positively