Work on Economics Essay Example | Topics and Well Written Essays - 3000 words

Work on Economics - Essay Example It therefore, gives a measure of responsiveness of quantity demanded depending on the changes of prices of the Justcookbooks.com while the other factors are held constant. Price elasticity of the demand = Proportionate change in quantity demanded Proportionate change in price Price elasticity of the demand = Q1 – Q2 (Q1 + Q2)/ 2 P1 – P2 (P1 +P2)/ 2 Price elasticity of the demand = -305,000 +215,000 (-305,000 + 215,000)/ 2 Price elasticity of the demand = 35– 25 (35 – 25)/ 2 Price elasticity of the demand = 2/2 = 1 Since, the price elasticity of the demand is equal to one, the demand for the online Justcookbooks.com have a unitary elasticity. This is because small changes in price undertaken do not affect the total revenue generated from the books demanded. As a result, an increase in the price further than the price of $ 35 will not affect the demand for the books. With a unitary elasticity, it is not business worth to undertake the business from its curre nt state as the price increases will not affect the revenues generated (Mankiw, 2012). ... + 16,000 = $456,000 Marginal Cost More than often, the marginal cost is calculated, as the additional cost incurred when an extra one more unit of the Justcookbooks.com is produced (Mankiw, 2012). With the equation total cost = 20 Q + 16000, the total cost goes up by $20 each and every time an additional good is sold. Therefore, we take the coefficient of Q which indicates the quantity demanded that gives a constant marginal cost is $20 per unit sold. Implications of Long Run and Short Run Period In most cases, companies face a lot of challenges while carrying out its operations in both the long run and short run period. This is because in the short run, one factor of production remains constant as it is always assumed to be in fixed supply. Therefore, the essential capital inputs for example, the cost of equipment remains fixed while the other costs incurred remain varied over time (Mankiw, 2012). More than often, the law of diminishing returns applies in the short run period, as mo re units of a variable input is added to the fixed amounts of equipment, which brings about the change in total output that rises at first and thereafter falls with time. Nonetheless, in the long run, all factors of production are considered to vary with the quantity of goods sold over time. In the long run, the output of the business will respond to changes in factors of production inputs that are usually referred to as returns to scale. This ranges from increasing, constant and diminishing returns to scale. Diminishing Marginal Returns and Economies of Scale Both the diminishing marginal returns and economies of scale are phases under which a product in the market has to undergo over time. Under the law of diminishing returns, an addition of one type of production input while the other

Comparing and contrasting Beyonce Knowles and Kelly of Destiny child Essay

Comparing and contrasting Beyonce Knowles and Kelly of Destiny child - Essay Example Since these two popular artist started in the same group of singing, therefore, their close relationship that can be determined from their past to present through comparison and contrasting their current popularity and new ventures. Remaining relevant in the music industry is a key issue for both artists. The two artists have remained relevant in the music industry in different ways. From their group of four, they are the two popular artists who can still be identified from the group. Despite remaining relevant, Beyonce has hit the music industry in a major way. This can be seen from hits after hits that she releases annually when compared to Kelly. Although Kelly also has some hits to identify with, they cannot be compared to the number of hits that Beyonce has had since the group broke up. Beyonce is currently known at least to have released hits that are not yet even been performed. Some of the music that Beyonce has recorded has hit the airwaves before she has even performed the songs to her funs. It is thus vital to note that, Beyonce remains to be more popular than her childhood friend Kelly whom they formed the popular group with and went on separate ways after deciding to go for single records. Over one millions likes in the media like facebook, twitter and you-tube videos for Beyonce are evident unlike those of Kelly Rowland. Marriage, relationship and venture into different career paths are also a key role that has determined the relevance of Kelly and Beyonce in the music industry. For Kelly, she has taken more of a different path in popular music when compared to Beyonce. Kelly has taken advertisements of major industries as her major. She has done more advertisement related gigs from her music talent when compared to Beyonce. In her music career, she remains relevant in most instances due to the adverts and the reality shows that she takes part in. More so, both have been involved in one or two movies that have been aired globally. Beyonce has the main actress in the ‘dream girls’ while Kelly has also been part of American black films that has maintained her relevancy in the popular music industry. For Kelly, nothing much has been heard of her successful relationships after the singles while Beyonce has hit a record of being a wife to a well represented artist globally called Jay-z. Beyonce has maintained a good marriage relationship when compared to Kelly who has no clear records of dating or marrying anyone through her music life (Arenofsky 5). Therefore, both have diverse preferences when it comes to marriages and ventures in to other forms of careers. Did their singles make a hit or collaboration was the main idea as to why they have remained relevant after their separation from the group? Well, it is evident that for Knowles, she had single hits that made her even more famous after her going single. She has had albums that have not featured any famous popular singer but still remaining very popular to her fu ns. For example, even after releasing songs like, ‘If I was a boy’ and ‘all the single ladies’ alone, she still attracted a large crowd of funs who could demand for more and more of her single album. She has given her funs the best of hits ever since she parted from her group. From my perception, it is like her being in the group was suppressing her talents and popularity. She could not have been known to be such a famous popular

Servant Leadership Essay example -- Religion Faith Religious Vocation

Servant Leadership Vocation is our call to be the best that we can be, each of us in our own way, so that we may better ourselves and society. Servant leadership is the truest fulfillment of our responsibility to charity and social concern. Servant leadership provides a charismatic self-identification, and thus we can better define our lives and commit ourselves to a fruitful vocation. Christ came into the world as the King of all humanity. He came as the redeemer of our world. However, Jesus did not come into this world to be served, He came to serve. Although Christ is no longer with us, His mission and his legacy live on in us, the Church. We are called to be the Body of Christ by fostering the brotherhood of all men (Dulles 85). We are called to be Christ to one another and to act as the suffering servant. Dulles tells us that we too are called to serve, to heal, to reconcile, and to bind up wounds. We are called to bring about the Kingdom of God. In being Christ to all around us, Pope John Paul II tells us that â€Å"we must make the poor feel at home. Without this form of evangelization through charity and without the witness of Christian poverty, the proclamation of the Gospel, which itself is the prime form of charity, risks being misunderstood† (Wojtyla 4). Pope John Paul II tells us that we are to be Christ to all we meet, so that we may make all people feel dignified and wholly human. We must value the sacredness of each individual person so that we may transform this earth into the Kingdom of God. We are given a divine mission to reach out to all others in our lives, and if we do not serve others as Christ has served us, then we risk misinterpretation of the m... ...Models of the Church. Garden City, NY: Doubleday & Company, Inc., 2002. - New American Bible, The. Grand Rapids, MI: Catholic World Press. 1991. - Nouwen, Henri J.M. In the Name of Jesus. New York: The Crossroad Publishing Company, 1989. - Smith, Christian, and Jerry Z. Park. â€Å"’To Whom Much Has Been Given†¦Ã¢â‚¬â„¢: Religious Capital and Community Voluntarism Among Churchgoing Protestants.† Journal for Scientific Study of Religion. 39 (2000): 272-286. - Velander, Peter. "Reflections on Christian Leadership." Clergy Journal 78.8 (2002): 19-22. - Wojtyla, Karol (Pope John Paul II). â€Å"In All Things Charity: A Pastoral Challenge for the New Millenium.† Catholic International. 12.3 (2001): 10-17. ---. â€Å"Novo Milennio Ineunte: ‘Time for a New Creativity in Charity.’† Catholic International. 12.3 (2001): 3-10.

Japanese Pearl Harbour Bombing

By the end of WWI, Japan had emerged as a global superpower gaining recognition from Western Powers like the British and Americans. Japan’s influence in the Asia Pacific region during WWII was of particular concern to the Americans and European powers especially in regards to Japan’s imperialistic activities. With growing opposition from the US who were against Japan’s policies of nationalism, militarism, and imperialism, tension built up to a Pacific war. In response to a series of US foreign policies and the breakdown of international diplomacy, the Japanese decided to attack the American Pacific Fleet at Pearl Harbour Hawaii on December 7th 1941. The Japanese hoped that this surprise attack would prevent war with the US for at least two years, allowing time to conquer the Asia Pacific. Ultimately, the bombing of Pearl Harbour is a result of the growing tension in Japanese – American relations due to conflicting interests, and triggered when a compromise between these countries could not be agreed upon. One significant factor that led to the bombing of Pearl Harbour is the Nationalistic and militaristic attitudes of the Japanese. Japans desire for recognition as a strong military power saw the implementation of many aggressive foreign policies. The outbreak of WWII provided an opportunity for Japan to conquer Eastern Asia since the European powers were focused on war with Germany, leaving the USA as the only country that could thwart Japanese goals. Along with adopting nationalistic policies, Japan also saw that militaristic policies were needed to maintain its power status. The militaristic nationalists rise to power in the 1930s like PM Tojo, saw Japan inclination towards military action should there be conflict in the Pacific, and this inclination was enhanced by the rivalry between the Army and the Navy. The Navy wished to match the glory of the Army who succeeded in many military campaigns, which eventually led to the bombing Pearl Harbour, a plan developed by Admiral Isoroku Yamamoto. Finally, Japan sought to end the restrictions placed on their navy at the Washington Conference in 1922 and entered the Tripartite agreement with Germany and Italy which increased tension with the US and Allies. Thus based on these policies, when Japan implemented martial law in 1938 the militarists and nationalists who supported Japanese expansion urged an attack on Pearl Harbour to increase Japanese world status and maintain colonial interests. Japan’s introduction of imperialism in the late 1800s stemmed for the Japanese sense of nationalism and desire to build empires like the West is the driving factor that resulted in the Pearl Harbour attack. The main imperialistic aim was to create the Greater East Asia Co-prosperity Sphere. This was to end Western influence in Asia but was in fact an excuse to conquer Asia and facilitate the growth of the Japanese empire. Japan’s invasion of China and Indo-China resulted in the establishment of embargoes and economic sanctions by the US. With little resources left because of these sanctions, Japan began preparing for Pacific war. Peace talks failed and the Japanese now certain that the US would enter the war wanted to achieve their imperial aims of conquering the resourceful lands of Malaya and Dutch East Indies before the Americans intervened. This lead to the bombing of Pearl Harbour to destroy the US Pacific Fleet in order to postpone American interference with Japanese imperial expansion. Knowing that the US would recover within two years the Japanese believed that they would have conquered South East Asia by then, obtaining resources like rubber and oil for war, and a strategic position to fight the US. Ultimately, the attack on Pearl Harbour was a tactic used by the Japanese to postpone war with the US as to achieve imperial aims. After WWI, the US attempted to remain neutral to international conflicts that did not concern them under their Isolationism policy. This policy allowed the Japanese to expand their empire without American intervention and also led to the Pearl Harbour attack. Despite the isolationist stance many including President Roosevelt wanted to intervene, as Japan’s invasion of China violated America’s Open Door policy whereby China was to be left independent so that trade was to be left unimpeded by other dominant powers. Since Japan’s resources came mainly from America, the US implemented a series of sanctions and embargoes, attempting to pressure the Japanese into stopping their expansionist activities. This began in 1938 with the ‘moral’ embargo to restrict aircraft support. By 1941 all Japanese assets in US were frozen and oil exports reduced by 90%. Having lost their primary supplier of war resources and left with a minimal amount of resource, Japan had to make a decision of whether to give in to American demands or conquer South East Asia for its resources. The militaristic Japanese government decided to respond to these US policies bombing of Pearl Harbour, hoping to prevent the US from thwarting their imperialistic goals. By the time the Americans recovered, Japan hoped to have gained a large empire and resources thus no longer requiring American trade and hoped that the Americans would realise war would be to costly. Reaching the height of tension between the Japanese and Americans diplomatic dialogue may have prevented the bombing of Pearl Harbour and thus preventing a Pacific war. However in 1933, Japan left the League of Nations thus destroying any platform for international dialogue to resolve disputes. With the establishment of the American embargoes, the Japanese took a dual approach on the situation. This was to negotiate with the Americans for peace agreements whilst preparing for war. The Japanese High Command offered to withdraw from Indo-China and in exchange they would maintain control of the Chinese regions they have conquered and America would reopen trade and unfreeze assets. The American Secretary of State Cordell Hull refused this offer, stating that trade and unfreezing assets would only happen if Japan left Indo-China and China and abiding the US Open Door Policy in China. Feeling unsatisfied, the High command of Japan rejected this offer on December 1st 1941 during the Imperial conference and so proceeded to bomb Pearl Harbour on December 7th. As mentioned, this was a dual approach; the breakdown of international diplomacy triggered the Japanese Navy to proceed with the bombing of Pearl Harbour hoping that this surprise attack would prevent the Americans from entering war before Japan could conquer South East Asia. Governed by a nationalistic and militaristic government that focused on the imperialism, tension between Japan and the US accumulated during the 1930s. The outbreak of WWII saw Japan’s desire to conquer South East Asia for resources. To accomplish this the Japan needed a tactic to prevent US intervention with their expansion for two years and this attack on the American Pacific Fleet at Pearl Harbour was a reasonable plan. While many argue that the US government’s foreign policy forced the Japanese to attack as an excuse to go to war, ultimately the build up of tension between the two countries due to conflicting interests based on nationalism, militarism and imperialism and the inability to reach a compromise due to lack of diplomacy is what caused the bombing of Pearl Harbour in 1941.

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Ludwig Van Beethoven Classical And Romantic Era

Introduction Ludwig Van Beethoven was a classical and romantic era composer and pianist. Ludwig van Beethoven was the transition from the classical to western music. Beethoven was much taken by the ideals of the Enlightenment and by the growing Romanticism in Europe.His early work resemble Haydn and Mozart in great amount. However, his later works set stage for the choral symphonies of Romantic period. He is famous for composing 9 symphonies, 5 piano concertos, 1 violin concerto, 32 piano sonatas, 16 string quartets, Mass the Miss solemnis, and opera Fidelio. His works are remembered for their heroic expression and intellectual depth. He had a very successful career in the beginning but different tragedies and illness caused the downfall†¦show more content†¦When relocated to Vienna, he established a reputation as a piano virtuoso. His notable pieces from the classical period include, first and second symphonies, the first six quartets, the first two piano concertos, and about a dozen piano sonatas, including â€Å"Panthetique†. During the middle ages (1800 -1815) he started having listening deficiency, he composed six symphonies (No.3-8), the last three piano concertos and the only violin concerto, six string quartets (No. 7-11), many piano sonatas (Moonlight, Waldstein,and Appassionata†) and his only opera Fidelio. In his late period he (1816 onwards) he had completely lost his hearing ability, his creations were very expressive that include, Ninth Symphony, Missa Solemnis and the last six quartets and the last five piano sonatas. (8notes.com, n.d.). In his last years, he completed his work in the Thirteenth, Fourteenth and Sixteenth quartets. Loss of Hearing, Depression and Illness It is considered that, in summer of 1797, he first showed up with the symptoms of deafness, due to a severe form of tinnitus, a â€Å"ringing† in his ears. Though the actual reason is still unknown, his suffering from typhus, auto- immune disorders is also credited to his loss of hearing which worsens later. HeShow MoreRelatedThe Classical And Romantic Eras Of Classical Music999 Words   |  4 Pages Ludwig Van Beethoven served as an important link between two important periods of time, the classic and romantic eras of music, and his compositions still stand today as a famous memorial of the past. 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While both composers certainly have similarities in their music, thereRead MoreLudwig Van Beethoven s Influence On The Classical Era938 Words   |  4 Pagesinfluential musician of all time, Ludwig van Beethoven was born in Bonn, Germany in 1770. Beethoven’s talent was noticed at a young age and he soon became a pioneer in the world of music for breaking the traditional bounds of style and form. Over the course of his life, Beethoven produced nine symphonies, seven concertos, and a total of forty-two sonatas. Alt hough these numbers are few when compared to other composers such as Joseph Haydn, his work was very substantial. Ludwig van Beethoven’s compositionsRead MoreThe Classical Era And The Age Of Enlightenment1123 Words   |  5 PagesLudwig Van Beethoven was a musical masterpiece. He never let problems interfere with his work. He was born in the baroque period, lives a life of fifty-four years, and contributed so much romance in his life although never being married or having kids. Beethoven is well known for his work and will forever be known as a Romantic influencer. Beethoven dedicated his whole life to his music. He never let bad situations fully tear him apart from writing and playing music. The historical period that LudwigRead MoreLaqwandra Myers. Ludwig Van Beethoven . February 1, 2017.1066 Words   |  5 PagesMyers Ludwig van Beethoven February 1, 2017 Music Appreciation 101 L. Webb M/W 12:30PM-2:00PM â€Æ' When asking anyone to name a famous composer in history, a few names will always be mentioned. They are Wolfgang Amadeus Mozart, Johann Sebastian Bach, Claude Debussy, and Ludwig van Beethoven, just to name a few. Every composer mentioned have become famous in their own rights, and have inspired musicians for centuries. Arguably, the most famous composer in history would be Ludwig van Beethoven. 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Beethoven’s sixth symphony (also known as the pastoral symphony) has qualities of both the classical and romantic periods and illustrates Beethoven’s revolutionary ideas as well as highlights his classical influences. The programmatic nature of the piece is the dominant romantic featureRead MoreLudwig Van Beethoven, Composer Of All Time, And For Good Reason1459 Words   |  6 PagesLudwig van Beethoven is perhaps the most well known composer of all time, and for good reason. Born in the Classical era, Beethoven composed music that people could connect to and feel in a way that they had never experienced before. Beethoven was a great musical innovator as a result of his work as a composer, his assistance in the transition from the Classical era to the Romantic era of music, and his famous Ninth Symphony. 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The basis for this paper is to express and expound on the life and career of Beethoven, and why he was seen as part of the pivotal transition between the Classical and Romantic eras. The topics that will be discussed will be the revelation of Beethoven’s childhood and

Profile on Michael Lee Chin - 1472 Words

Profile on local Entrepreneur – Michael Lee-Chin Due Date: June 11, 2012 Profile on Michael Lee-Chin Jamaica has, over the years, produced some very influential and successful entrepreneurs. As a matter of fact, Jamaicans are known to excel in just about everything we do. In my opinion, the epitome of Jamaican excellence in entrepreneurism is none other than Mr. Michael Lee- Chin. Michael Lee-Chin, Chairman, Portland Holdings Inc is regarded as a visionary entrepreneur whose philosophy of â€Å"doing well and doing good† as resulted in phenomenal and inspiring philanthropic initiatives. The eldest of nine children, Lee- Chin was born in rural Port Antonio, Jamaica in 1951. He came from a biracial parentage; his mom was a Chinese†¦show more content†¦Michael donates almost $4 million to Northern Caribbean University to build a world class nursing school – the Hyacinth Chen School of Nursing in honour of his mother. The state of the art facility accommodates 800 nursing students. In 2002, Portland’s interests expanded internationally with the acquisition of National Commercial Bank (NCB) Jamaica Ltd. and its subsidiaries. Since becoming part of the Portland group, NCB profits have increased to approximately US$100 million from US$6 million (Portland Holding Inc, 2007). NCB today stands as Jamaica’s largest bank with 45 branches, 2,400 employees, and offices in the Caymans and the United Kingdom. NCB was awarded the Latin Finance 2007 Bank of the Year Award (Portland Holding Inc, 2007). In April 2006, Portland Holding Inc. acquired an 85% controlling stake in the United General Insurance Company, the largest auto insurer in Jamaica, and renamed the firm Advantage General Insurance Company (Portland Holding Inc, 2007). A controlling interest in CVM Communications Group (consisting of radio and television stations and newspapers) was purchased at the same time. In the tourism sector, Michael Lee-Chin has guided Portland Inc. through a number of acquisitions in the Caribbean (Portland Holding Inc, 2007). Among them: the Trident Villas and Spa in Jamaica, Reggae Beach and Blue Lagoon. The first Portland acquisition in the health care industry sector was announced by Lee - Chin in July 2006, when MedicalShow MoreRelatedFacial Recognition Systems, Is This an Effective Tool for Security?3118 Words   |  13 PagesChan Wolf, and Charles Bisson. The project name man-machine utilized mug shot photos, the operator would obtain the features of a person such as the center of pupils, inside amp; outside corners of the eyes, points of widows peaks, forehead height, chin features and so on. The software measured the distances between twenty different points of the face, such as; width of eyes, width from pupil to pupil, width of mouth, and various others. 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