When the consumer purchases insurance, several key decisions are made. What are these key decisions?What are considered the benefits and the costs to society of operating an insurance mechanism?What are the requirements for an “ideally” insurable group of exposures?
OUTPUT AND COSTS
Average total cost
|
(175,000 cattle = 100) |
|
|
|
||
|
Year |
50,000 cattle |
175,000 cattle |
425,000 cattle |
850,000 cattle |
1,350,000 cattle |
|
1992 |
1.104 |
100.0 |
94.3 |
90.6 |
88.5 |
|
1977 |
1.082 |
100.0 |
95.8 |
93.1 |
91.7 |
|
1963 |
1.045 |
100.0 |
98.0 |
98.0 |
96.7 |
Question #1:
The data in the table above show the average total costs (per head of cattle) of meatpacking firms of varying plant sizes in three different years. (MacDonald, James M. and Ollinger, Michael E. “Technology, Labor Wars, and Producer Dynamics: Explaining Consolidation in Beef Packing.” American Journal of Agricultural Economics 87(4) (November 2005): 1020-1033.) The average cost numbers are expressed as an index, using the 175,000 head plant size as the base, so a decrease in the index is a decrease in average total cost.
Explain how these data indicates the existence of economies of scale in the beef packing industry. Are there economies of scale for each of the three years? Describe the general shape of the average cost curve that is implied by these data.
Question #2:
Compare the average costs across plant sizes in 1963 with those in 1977 and 1992. Were scale economies becoming more or less significant over time?
Question #3:
The authors of this study made the following assessment of production costs in the beef packing industry:
“Large plants have substantial fixed costs, due partly to capital intensity, and partly to labor practices (weekly minimum hours guarantees to production workers). As a result, short run processing costs at large plants rise sharply as volumes fall below capacity, and packers require large and consistent flows of cattle before committing to a large plant.”
To capture the idea that there are substantial fixed costs, suppose that the formula for the beef packers total cost is:
TC = $50,000,000 + $35 x Q
where Q is the number of cattle processed per year. This formula means that the fixed cost is $50 million, but that once the plant is up and running, the marginal cost per cattle processed is $35, regardless of the level of production.
a. Is this marginal cost curve from this cost formula consistent with the law of diminishing returns? Explain.
b. Using the formula for the total cost, what is the formula for the average total cost?
c. Is there a level of output for which the marginal cost equals the average total cost?
http://wwnorton.com/common/mplay/5.10/?p=/college/sociologydvd/&f=mardi_gras_-_made_in_china.mp4&i=mardi_gras_-_made_in_china.jpg
http://wwnorton.com/common/mplay/5.10/?p=/college/soc/&f=class_dismissed.mp4&i=class_dismissed.jpg
Television has played a central role in communicating the meaning of the American Dream since its earliest days. Its programs shape cultural notions of class and what it means to have “made it” in America.
http://wwnorton.com/common/mplay/5.10/?p=/college/soc/&f=behind_the_screens.mp4&i=behind_the_screens.jpg
How do movies get made? This segment explores how corporate ownership impacts which movies get produced and which do not. As a major part of popular culture, movies play a vital part in shaping our sense of our society.
http://wwnorton.com/common/mplay/5.10/?p=/college/soc/&f=toxic_sludge_is_good_for_you.mp4&i=toxic_sludge.jpg
Shaping public opinion is big business. Several factors influence how we think about major political events. In this clip, we see how public relations firms shape and manipulate public opinion and ultimately public policy.
http://wwnorton.com/common/mplay/5.10/?p=/college/soc/&f=advertising_end_of_the_world.mp4&i=advertising_end_of_the_world.jpg
Advertising is one of the main storytellers in our culture. One central story it tells is that happiness is the result of consumption. In this clip, communications scholar Sut Jhally explains how we often ask the wrong questions about advertising when we focus on individual effects. Instead, he argues that we need to understand advertising’s collective impact on our culture.
1.) 2-page, double-spaced essay.SUBJECT of Essay: What are your strengths as a student and weaknesses? How do you plan on succeeding in your major (Business Administration)?
Describe the process of an impulse being propegated from theaxon hillock to the axon terminus. (Expert answer only please. Thank you) . . .
Locke maintained that each of us has the power to decide which religious community to join, if any. He also maintained that no religious community has doctrinal jurisdiction over any other, and maintained that those communities and their members should tolerate the existence of diverse communities with diverse doctrines. Finally, he believed that no individual should be subject to civil prejudice or penalty due to his or her religious convictions and that religious authorities should have no special civil powers or authorities.
Locke also believed that governments do not have — and cannot be given by the consent of the people — the right to force its members to hold specific religious beliefs or to engage in specific religious behaviors.
Please discuss Locke’s conception of religious toleration and the separation of church and state in an essay that answers the following questions:
Please ensure that your essay addresses each component of the assigned questions and that your answer is well-organized, uses excellent, college-level prose, and makes judicious use of textual evidence. Your essay should be 600-900 words long.
Task 1 You must act like a professional in ways that are ethical, how you act, your honesty, fair play and how you present yourself.
You need to develop a set of guidelines for correct representation. Task 2 Read the Solutions 1 scenario email message from Peter Fields and the record of discussions from the Solutions 1 team members.
You need to make sure all staff members are clear about professional and ethical issues that could impact on us again in the future.
Consider the client and the team members’ different points of view.
Write a brief report on the conflict of interest and discuss possible resolutions. Task 3 Many organisations and industry bodies have a Code of Ethics or Code of Conduct or Intellectual property and copyright policy that you can access online. These may be supported by standards and guidelines, and operational forms and documents.
Describe 4 positive examples of how IT professionals protect client interests. Include any Legislation and standards or workplace guidelines. Task 4 This recent experience in Solutions 1 has highlighted the need for a grievance procedure so that staff and clients can feel confident to raise confidential or sensitive matters with management.
There are many examples of policy, processes and quality processes that you can access online.
Draft a Grievance Procedure (work procedure) for Solutions 1 and Peterfields to enable confidential reporting of complaints or conflicts arising for staff or clients. Task 5 Refer to the Australian Computer Society Code of Ethics (www.acs.org.au) and the System Administrators Guild of Australia (www.sageiau.org.au/ethics.html).
Locate these relevant industry codes of ethics for the Solutions 1 scenario.
Discuss one of the practices listed in the code and give examples of situations in which the ethical practice would apply. Task 6 A friend gave you the source code for a shareware product they had developed. After you’ve made a few changes and put it on your website a software developer offers good money for the right to develop the product commercially.
Please complete each of the questions. (Generally 3-5 sentences for each is good, unless otherwise noted in discussion question).
Also, only the first question is due on 09/04/13. The rest are due 09/10/2013.
This a research essay with outside sources in my college English class, and it should be related to a book.
I may need one more body paragraph with main point.
And please fix my language ,grammar, and organization and so on.
I want to get a score of B+ (87%) A will be excellent! Thank you so much !!!
I will send you rubric and requirement.
The reference papers provided by Writerbay.net serve as model papers for students and are not to be submitted as it is. These papers are intended to be used for research and reference purposes only.
