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Short answers...? a)Circumstance under which an economist would advice a firm making accounting profits to close down Profits in any company are the value arrived at when the total costs are subtracted from the revenues. Costs include both implicit costs and explicit costs. Implicit costs are the opportunity costs of time. Economists prefer the use of economic profits to accounting profits. Economic profits are arrived at by subtracting total costs, which includes both implicit and explicit costs from total revenues of the firm. An economist would advice a firm making accounting profits to close down because accounting profits is arrived at by subtracting only explicit costs from the total revenue. This rejects implicit costs hence inaccuracy... a)Circumstanc...
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Short Answers...? Topic: Lecturer: Presentation: Overview The business environment is very competitive and to gain competitiveadvantage, a firm needs to formulate an effective marketing plan and formulate strategies to enable achievement of marketing plan goals. These strategies include; determining the best marketing mix and assessing the environment using PEST analysis to establish future opportunities and threats. Determining the best marketing mix ensures the firm is able to satisfy various target market segments (Lamb et al. 2009). A marketing audit to evaluate their effectiveness of strategies in accomplishing objectives is essential. The marketing mix components; product, place, promotion and pricing are influenced by environmental factors...
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Short answers...Defining Historical Terms: From Washington to Puritanism By Yuliya Your School Here Defining Historical Terms: From Washington to Puritanism Alexander Hamilton
Alexander Hamilton was a noted constitutional lawyer in the latter portion of the 1700s, who eventually rose to a position of considerable respect and affluence in the society of his time. Under General George Washington, Hamilton was both an advisor to the general and a troop leader. His courage and bravery during the period between the independence of America and the turn of the 19th century earned Hamilton a place in early government leadership. Hamilton eventually rose to the position of Secretary of the Treasury under President Washington, influencing Congressional... Historical...
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Short answers...will be $ 100. However if it produces 11 units, he will now sell it at $ 9 each, so now his total revenue will be $ 99. Therefore his MR will be $ 1, which is less then the price, $ 9, that he had charged for the last unit.
Question 10
In the short run if exiting firms under perfect competition are making super normal profits, then new firms are attracted by these profits and they enter the market. When new firms enter the market, they supply their individual outputs in the market. This causes the market supply to increase, causing the market price to fall. New firms continue to enter until all the positive profits are eroded away and all the existing firms end up earning normal profits only.
Similarly, if all existing...
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Short Answers...along the various streams ranging from a supposedly stable environment. Hyperrealism is an important element in postmodern philosophy, deriving its conscious levels from characteristic development of reality. This offers an important filtration of events and thus ensuring that the expenditure is fostered on basic levels of changing values, and changing multitudes. Its paradigm is important in exploring and explaining cultural situations and conditions. Baudrillard explores fulfillment and happiness simultaneously and defining their natural role in providing solutions to events, and equally ensuring that answers were obtained to help establish reality. Surrealism is a famous component that is established on technical...
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Short Answers...Short Answers Question The fundamental economic problem facing developing countries is the debt crisis. For almost every developing country, financial upheaval of the 1980s has hit off on their economic development (Ambrosio, 2009). This has led to increase in poverty levels as these countries striving to grow under this gigantic debt burden
Lack of democracy is the primary political problem facing developing countries. Many of these countries have experienced leadership coups (Ambrosio, 2009). The coup leaders plunder the wealth of these developing countries through enforcing oppressive rules to avoid opposition from democrats.
The central social problem facing these countries is inadequate housing and...
2 Pages(500 words)Assignment
Short answers...Short answers a) Elaborative rehearsal I will utilize this concept in attaining adequate information concerning any aspect that I am studying. This is by ascertaining first the exact meaning of a certain aspect with the intention of being able to remember it instead of doing repetitive recitations. Hence, avoid the tendency of reciting the term or statement once I want to remember because it will have put it in my memory. Then I will try to research its image or find other related parts that will help in remembering the term without much difficult or trying to remember certain statements. Finally, I will relate the term or statement’s meaning with certain implications that I already know but in the same...
2 Pages(500 words)Essay
Short answers... Chave’s reading assignment What does the mean by saying that Picasso’s representation of masks is an act of “mimicry” and “minstrelsy”? (p. 599)
The author means Picasso used the sacred African masks in a manner that is disrespectful. The prostitutes in the masks masquerade as being good.
2. Why does Chave agree with Felix Fénéon’s account of Les Demoiselles that it contains elements of caricature? (p. 610)
Because Chave says les demoiselles “might almost be read as a giant cartoon.” The two mischief makers in masks are comical.
3. How does the author’s feminist methodology analyze “Cubist space” in gendered terms? (pp. 602-604)
Cubist space is slightly penetrable but at the viewers peril owing to the pictures shattered... Chave’s...
5 Pages(1250 words)Book Report/Review
Short answers...Short Answers Q They suggest that Renoir must have designed preparatory drawings that remain equivalent to them in the form. Renoir may also have probably used tracing paper in transferring the final drawings to the canvas. Renoir’s other artistic works in mid-1880s explored the use of anti-impressionist techniques (107).
Q 2
The author disputes Vollard’s assertion mainly because of the presence of technical examination of surfaces and the reverse of the Bathers that showed Renoir never used a white plaster coat including gesso. According to the author, other individuals including Theodor Siegl asserts that Renoir placed white lead ground below the oils. Siegel believes that Renoir added impressionist...
2 Pages(500 words)Book Report/Review
Short answers... Short Answers Q Chave cites feminine critics and male artists in her historiography. Chave presents the reception theory in a way that explicitly distinguishes Picasso’s Les Demoiselles painting as the most plausible and exemption art in the 19th century. Chave aims at depicting excellent artistry in Picasso’s paintings.
Q 2
The author means that the masks mimics African culture and social lifestyle. In addition, the masks symbolize disrespect for Africans and a form of appropriation that elucidates colonial power. In addition, Picasso’s representation of masks represents an act of minstrelsy mainly due to the entertaining nature of the masks that remains likened to music and songs of black American origin.
Q 3
The author reads...
2 Pages(500 words)Book Report/Review
