A Combination of Liberal Arts and Christianity Essay Example For Students

A Combination of Liberal Arts and Christianity Essay Two different ways of thought and life are consolidated to make one learning condition. Aesthetic sciences and Christianity appear two separate ideas to most, however together they make an amicable setting for a person to develop in a huge number overstays. A Liberal Arts College makes a world class long scholar that gets versatile to society utilizing their insight to decide, In Holmes peg AS he says, Liberal instruction is an open greeting to join mankind and become all the more completely human, its will likely peruse and compose and in this manner think freely, and energy about enduring qualities combined with the capacity to purpose sound worth decisions and live by them, a basic valuation for the past and mindful imaginative cooperation later on. We are instructed from kindergarten to twelfth grade to become familiar with the essentials of all subjects distinctive would like to affect the general public as an informed resident. This expectation is proceeded in the event that we decide to advance our instruction in school With a particular accentuation on a significant. In the same way as other understudies with a significant, Christians are dependable understudies that utilization the Bible to direct their day by day lives, howeve r to the remainder Of the world they can be seen as protected and restricted to their convictions. This causes a frustrating on viability that Christian have in the network and a misconception of the legitimacy of their considerations. N Holmes peg 6 he underpins this idea by saying, except if we comprehend the idea and worth examples of our day, just as those of scriptural disclosure and the Christian people group, and except if we communicate in smoothly the language of our counterparts, we deplorably limit our adequacy, With a Christian College training is increased by incorporating scholarly works, hypotheses, and ideas to Christian responsibility, moral, and that making a coordinated effort of unlimited prospects, This makes a balanced open door tort understudies to learn at a school with the qualities to both aesthetic sciences and Christianity called a Christian College. We are not restricted to any single direction of reasoning. As individuals we need to investigate and scrutinize the how, what, where, and rushes of the world, The Christian College doesn't constrain the capacity of self discernment or thought, yet supports the procedure. Utilizing human sciences to instruct the Christian student and further their knowledge on the planet is a basic role of a Christian College. As expressed in Holmes peg 8 Integration of confidence and learning remains the unmistakable undertaking of the Christian human sciences school. The perspective of Christianity ought not be restricted to ones home, yet joined all through a people instruction to additionally prepares them for a future that will proceed to challenge and question their capacities. On the side of this idea, On page 36 Holmes composes on the regularly enduring advantages Of training, If the individual, incorporating what she becomes in this life, has an interminable fate, at that point What become d uring the time spent instruction lives on always Christian human sciences instruction has an unfathomable length of time in see. For most, being an understudy is just a piece of a lifetime. That is the reason the significance of accepting balanced instruction that a Christian College brings to the table is fundamental to set up an establishment of training to apply to the rest of the long stretches of our lives. Learning with a reason to turn into an intelligent being, and worth being, and a mindful operator will set up a person to step into the world and make instructed, sensible, and moral choices. An intelligent creatures have an enthusiasm to learn, ask, and wonder which drives us to investigate and think of our own contemplations of conceivable outcomes. Reflections now and again drives us to have a winged animals eye perspective on an idea in general rather than speculation in a limited, shut disapproved of way. Making us become progressively basic masterminds and sustain our common investigations. Holmes states, to show an individual to peruse and compose is to instruct him to have an independent perspective, to grow all the more completely the ownership of his natural forces. .u991a5e560af03d78c34507714540c43b , .u991a5e560af03d78c34507714540c43b .postImageUrl , .u991a5e560af03d78c34507714540c43b .focused content region { min-stature: 80px; position: relative; } .u991a5e560af03d78c34507714540c43b , .u991a5e560af03d78c34507714540c43b:hover , .u991a5e560af03d78c34507714540c43b:visited , .u991a5e560af03d78c34507714540c43b:active { border:0!important; } .u991a5e560af03d78c34507714540c43b .clearfix:after { content: ; show: table; clear: both; } .u991a5e560af03d78c34507714540c43b { show: square; progress: foundation shading 250ms; webkit-change: foundation shading 250ms; width: 100%; haziness: 1; change: darkness 250ms; webkit-progress: murkiness 250ms; foundation shading: #95A5A6; } .u991a5e560af03d78c34507714540c43b:active , .u991a5e560af03d78c34507714540c43b:hover { obscurity: 1; change: mistiness 250ms; webkit-change: mistiness 250ms; foundation shading: #2C3E50; } .u991a5e560af03d78c34507714540c43b .focused content territory { width: 100%; position: relati ve; } .u991a5e560af03d78c34507714540c43b .ctaText { fringe base: 0 strong #fff; shading: #2980B9; text dimension: 16px; textual style weight: striking; edge: 0; cushioning: 0; content enrichment: underline; } .u991a5e560af03d78c34507714540c43b .postTitle { shading: #FFFFFF; text dimension: 16px; text style weight: 600; edge: 0; cushioning: 0; width: 100%; } .u991a5e560af03d78c34507714540c43b .ctaButton { foundation shading: #7F8C8D!important; shading: #2980B9; outskirt: none; outskirt range: 3px; box-shadow: none; text dimension: 14px; text style weight: intense; line-tallness: 26px; moz-outskirt span: 3px; content adjust: focus; content improvement: none; content shadow: none; width: 80px; min-tallness: 80px; foundation: url(https://artscolumbia.org/wp-content/modules/intelly-related-posts/resources/pictures/basic arrow.png)no-rehash; position: supreme; right: 0; top: 0; } .u991a5e560af03d78c34507714540c43b:hover .ctaButton { foundation shading: #34495E!important; } .u991a5e560af03 d78c34507714540c43b .focused content { show: table; tallness: 80px; cushioning left: 18px; top: 0; } .u991a5e560af03d78c34507714540c43b-content { show: table-cell; edge: 0; cushioning: 0; cushioning right: 108px; position: relative; vertical-adjust: center; width: 100%; } .u991a5e560af03d78c34507714540c43b:after { content: ; show: square; clear: both; } READ: Armenian Genocide EssayHe becomes truth be told, not simply in probability, an intelligent, believing being. Next, as worth being takes a perspective of everything imperative to them and follows up on those contemplations and affections for course. In a Christian College we consider those to be as what God has made in the reflection to Him, us. Moves we make have impacts and the decisions of those activities can not be learned by perusing a book, yet the establishments of qualities can direct an individual towards a superior result. Last, there is the should be a mindful specialist. As Christians we are responsible for our activities and are administered by our Lord Jesus Christ. Choices to good and bad are introduced every day, except as a Christian heading off to a Christian College we are trained the standards of thinking through instruction and guided with the eighties way Cod has called us to live, The world is loaded up with conceivable outcomes and opportunity, yet it is the individuals we become with the assistance of a Christian College, that steers us making a course for an existence of reflection, worth, and duty. A Christian College gives a premise in making a comprehensive individual by joining confidence with an aesthetic sciences instruction. To consider life to be one picture as opposed to a million little pieces in a riddle can make a smoother change from school to this present reality. Frequently understudies face the predicament Of simply making sense of it. There is no how to manual or bearing aide of life. As Christians we seek the book of scriptures for answers and get the general thought Of What ought to be finished With delving into our confidence, yet the is a component of basic reasoning that must be applied. That sort of reasoning is found out however a Christian College. On the off chance that an individual, incorporating what she becomes throughout everyday life, has an unceasing predetermination, at that point what become during the time spent training lives everlastingly Christian aesthetic sciences instruction has an unending length of time in see. (Holmes 36) No one individual or book can show us the do and dont throughout everyday life, except well round instruction can set us up for an existence of steady choices and obstruction to survive.

Luxury and convenience commodities Assignment Example | Topics and Well Written Essays - 1000 words

Extravagance and accommodation wares - Assignment Example Presently the structure up of the propensity to access such comfort items happens to refer to various other options or substitutes of such items to the customer. The shopper of comfort items notwithstanding developing a relationship with the item class likewise will in general mirror an energy for a specific brand identifying with the equivalent. Anyway without the particular brand of such comfort item the purchaser in the light of other potential options will in general as often as possible switch over to other accessible brands. Thus the advertiser of the brand of such comfort item needs to create systems to draw in and support the purchasers of such items in the worldwide commercial center. The advertiser needs to additionally comprehend that the all out array of accommodation items accessible in the commercial center can be by and large sub-isolated into three sections like Staple, Impulse and Emergency. Staple sort of comfort items are refereed to with the end goal that will in general mirror an exceptionally enormous accessibility in the market like basic food item wares and even stocks like petroleum and diesel. Again Convenience items are sorted as being Impulse type where the buyers will in general get to a great extent imprudent in picking up the equivalent from showcase outlets. Consequently wares like biting gum or chocolates are arranged as imprudent purchases for they don't include more noteworthy measure of arranging. Likewise with respect to Emergency items like security helps, gauzes and other fix and upkeep utilities and even medications shoppers want to increase prepared access to such in the midst of abrupt needs. Therefore in all the three classifications of Convenience items it is seen that individuals secure such by possibilities or in needful circumstances consequently investing less energy in arranging and taking choices (Baines, Fill and Page, 2011, p.294-295). Like comfort items where the advertiser must concentrate on making each con ceivable endeavor to upgrade the brand attention to the equivalent with the focused on buyers to diminish the odds of exchanging over to other lower value choices methodologies are likewise required to be set up for extravagance or expensive stocks. Buyers of extravagance or costly items would not go for benefiting the equivalent without rendering satisfactory arranging. Buyers then again would require increasing a lot of data identifying with the equivalent before at last settling on to buy it from the market. Data picked up significantly would help the buyer in making satisfactory arrangements to pick up the equivalent. Subsequently in this the advertiser is required to reestablish the advantages and favorable circumstances identified with the brand of such extravagance item being referred to successfully bait and support the fascination of the individual to the specific brand (Baines, Fill and Page, 2011, p.296). The executives of Online Branding Activities for Luxury and Conveni ence Products With the advancement of web and potentially of person to person communication stages the promoting exercises of makers and advertisers of both accommodation and extravagance items have increased distant. Advertisers of such items have come to recognize the way that the rise of web has added to the introduction of a worldwide commercial center wherein countless shoppers and purchasers are found to commonly exist for various classes of items. Thus the online advertiser so as to

The Two Poems by P. Larkin Sample Essay

The Two Poems by P. Larkin Sample Essay No matter whether you are young or old, married or single, you will find yourself at the crossroads where the two different truths intersect when reading one of the poems by Philip Larkin. The poems say that some kind of closedness is inevitable in even the most ideal relationship. But Philip also speaks of the attraction of human souls to sincerity and devotion. These two irreconcilable conclusions should be taken into account, but they still manage to part ways. These poems are very simple, modern and devoid of any classical allusions and cultural value. In the end, it was Larkin who said that he did not see any sense in reading any poetry, and he laughed at poetry lovers. But Philip Larkin started to write poems himself following the rules of true and genuine utterance and he recommended to do this to other poets. One of the popular poems that impressed the readers was “Talking in Bed” where the author goes back to the greatest poet of the second millennium Dante Alighieri, to the stanza of his Divine Comedy. It is built on terza that is a special way rhymed tercets invented by Dante and already inextricably linked with his name. There is no need to bore you w ith technical details, showing how Larkin deftly enters the tercet scheme and leaves it out in the end. It is enough to draw your attention to triple rhymes. Another poem by Philip Larkin is called Church Going shows how a casual visit to an empty church or graveyard can make a deep impression on a person, make him or her stop and think. Larkin shows how deep seriousness awakens in his soul, awareness of the fleetingness and at the same time of the significance of life, the vision changes and a new perspective opens allowing a person to see his or her life in the light of infinity and immortality. Reading Larkin’s poems at the right time can give the readers the opportunity to see all the major things what have already been experienced. Moreover, in order to have a sense of recognition, it is not necessary that the verses talk about familiar subjects or about close times. Only that inner immutability is important that gives the reader the attention and makes the poems a potential source of meanings. Readers believe Philip Larkin. And, of course, he is not limited to the provided quotes. His poems are psychologically accurate and they have ease in dealing with metric forms rooted in the British poetic tradition. His view is elegiac, but at the same time the poems are rich in precise nuances. Robert Pinsky, a former American poet laureate, describes Larkins poems as a majestic refusal with sourness, and this is a good definition. Philip Larkin is a well-known poet with a unique and unusual style of writing that won’t leave indifferent. The two most popular poems divide the people into two categories of lovers and haters of Larkin’s work. A British poet wasn’t afraid of presenting his real views on life and the relationships between people and this sincere attitude clearly seen through his every single word.

Illegal Immigration And The United States - 1732 Words

In 2012, a recent study found that there were nearly 11 million illegal immigrants in our nation s border. This has been a recurring problem going on since the late 19th century, when the federal law was passed which prohibited entry of convicts and prostitutes. Although this isn t the case of everyone crossing our nation s borders, it is still a national problem. Not allowing more people to infiltrate our country will provide Americans with more jobs, will lower the incarceration rates, and will allow American tax dollars to be spent elsewhere. Illegal immigration laws have been around dating back to the late 19th century. In 1882, President Chester A. Arthur banned almost all Chinese’s immigration to the United States and shortly†¦show more content†¦About 12-20 million illegal aliens currently reside in the United States. California has more illegal than any other state, at about 2.4 million. This has affected our population by increasing imprisonment rates, the am ount of government spending on the illegal, and the number of job losses by those who can work for less (End of Illegal Immigration,p.1-5). The problem of illegal immigration has been a recurring and prominent issue over the past decade. Every GOP has this subject and for my candidates, and is a make or break subject they need to stand on. According to the New York Times, the â€Å"Number of Migrants Illegally Crossing Rio Grande Rises Sharply†, this is difficulty we Americans will have to deal with for the years to come (par. 4). The number of illegal immigrants crossing this part of the border alone has increased 150% percent over the same period last year while the number of unaccompanied children caught by agents has more than doubled. This is an ongoing problem we can only stop if local and state governments take more action (Preston). Although only slowly seeing the effects illegal immigration over the years if you take a step back and look over a ten-year span, you c an see the effects illegal immigration puts not only on our economy. The US national debt is trillions of dollars and illegal immigration isn t helping it. With the about that illegal

Raymond Carvers Cathedral Essay - 6977 Words

In quot;The Compartment,quot; one of Raymond Carvers bleakest stories, a man passes through the French countryside in a train, en route to a rendevous with a son he has not seen for many years. quot;Now and then,quot; the narrator says of the man, quot;Meyers saw a farmhouse and its outbuildings, everything surrounded by a wall. He thought this might be a good way to live-in an old house surrounded by a wallquot; (Cathedral 48). Due to a last minute change of heart, however, Meyers chooses to stay insulated in his quot;compartmentquot; and, remaining on the train, reneges on his promise to the boy, walling out everything external to his selfish world, paternal obligation included. Meyerss tendency toward insularity is not, of†¦show more content†¦As one might expect further, such interventions and influences are mobilized in the stories through the communal gestures of language--through the exchanging of tales and through communicative transactions, particularly, where separate identities blend and collaborate rather than collide. Thus even as quot;Carvers task,quot; as Paul Skenazy writes, is to depict the quot;tiny, damning confinements of the spirit,quot; in Cathedral it is also to go beyond depicting the suffocations and wilted spirits of characters in chains (78). Engaging in what he calls a kind of writerly quot;opening upquot; of his own, Carver draws out in various uplifting moments the momentary gratifications and near-joys characters experience when, however temporarily, the enclosing walls come down--when their self-preoccupations lift and they sense new freedom, a freedom they may or may not ever truly participate in at all (Interview 21). But since outright freedom is for many of Carvers lot as terrifying as total lack of mobility (think of Arnold Breit in quot;Are You a Doctor?quot; or Lloyd in quot;Carefulquot;), the freedoms Carvers newly-liberated characters experience manifest themselves ironically as forms of enclosure, ample and humane as those enclosures may be. Be they a comforting memory of ones old bedroom, or the warm, fragrantShow MoreRelated`` Cathedral `` By Raymond Carver992 Words   |  4 Pages â€Å"Cathedral† is a short story that was written by Raymond Carver in 1981. Raymond Carver is most well known for his short stories and is even an writer credited with reviving the then dying form of literature. A part of a collection of short stories, â€Å"Cathedral† was the last to be published and was included in 1982’s Best American Short Stories. â€Å"Cathedral is different from the other works of Carver due to the humanistic realism that is given to his characters, which had no t been seen before in hisRead MoreCathedral (by Raymond Carver)1131 Words   |  5 PagesCathedral: A Lesson for the Ages Raymond Carver s short story, Cathedral, portrays a story in which many in today s society can relate. We are introduced from the first sentence of the story to a man that seems to be perturbed and agitated. As readers, we are initially unsure to the reasoning s behind the man s discomfort. The man, who seems to be a direct portrayal of Raymond Carver himself, shows his ignorance by stereotyping a blind man by the name of Robert, who has come to stay withRead MoreThe Cathedral By Raymond Carver Essay937 Words   |  4 Pages â€Å"Cathedral† Born on May 25, 1938 in Clatskanie, Oregon, Raymond Carver was destined to be a writer. He was a son of a sawmill worker and grew up working hard majority of his life. He married year after he finished high school and had two children with his wife at the time. He raised and supported his children with normal working class jobs such as delivering, janitorial and gas station services. Carver discovered his interest in writing after taking a creative writing course in collegeRead MoreAnalysis Of Cathedral By Raymond Carver Essay830 Words   |  4 PagesMistakable Judgments An Analysis of â€Å"Cathedral† Raymond Carver wrote a long-lived short story name â€Å"Cathedral†. Where a divorced women remarried after a hard experience to a person who is struggling to accept his wife’s very long relationship with a blind man. Her new husband suspiciousness controls his emotions and draw his thoughts falsely. As her very old friendship was having an unfortunate event that his wife had passed away, he arranged with her a visit to their house, which concerned herRead MoreAnalysis Of Cathedral By Raymond Carver1541 Words   |  7 PagesA New Perspective Everyone at one point has judged a book by its cover. In the short story, â€Å"Cathedral†, Raymond Carver creates a narrator who bases off ideas and assumptions about blind people from movies. The narrator has never interacted with a blind person before the day where his wife invites her friend, who is named Robert, to stay. The narrator and Robert have never met, but the narrator has a strong dislike towards Robert before meeting. The narrator’s closed-mindedness and misconceptionsRead MoreEssay on Cathedral by Raymond Carver1290 Words   |  6 PagesThe story of Cathedral, by Raymond Carver, shows that you do not have to see someone or something in order to appreciate them for who or what they are. It is about a husband, the narrator, and his wife who live in a house. The wife, whose name they do not mention, has a very close friend who is blind. His name is Robert. Roberts wife dies, and comes to their house to spend a couple of days with the narrator and his wif e. The narrator, whose name they do not mention as well, is always on edge becauseRead MoreAnalysis Of Raymond Carver s Cathedral 1097 Words   |  5 PagesSeptember 2015 Cathedral by Raymond Carver In this short story by Raymond Carver begins with a man whose wife invited a good friend over named Robert and is blind. Before Roberts Arrival, the wife’s husband, whose name is Bub, does not know what to make out of his wife’s good friend Robert coming over to their house. Carver utilizes a story of a blind man who changes Bub’s outlook in life. Through the narrators changing character, theme of loneliness and jealousy, and the cathedral being a symbolRead MoreAnalysis Of Raymond Carver s The Cathedral 863 Words   |  4 Pages One of the Raymond Carver story where we can find a lot of religion symbols; it is â€Å"Cathedral.† The story develops an ironic situation in which a blind man teaches a sighted man to truly â€Å"see† for the first time. Near the end of the story, Carver has these two characters work together on a drawing of a cathedral, which serves as the symbolic heart of the story. The cathedral represents true sight, the ability to see beyond the surface to the true meaning that lies within. The narrator’s drawingRead MoreAnalysis Of Raymond Carver s Cathedral1696 Words   |  7 PagesIntroduction: Everyone has ghosts in their closets; something they are running from, or trying to bury alive. Cathedral, written by Raymond Carver, takes place in the early 1980’s. Originally published in The Atlantic Monthly in 1981. Carver slightly revised the story and re-released it in 1983. At a time when the blue collar working class lived paycheck to paycheck, working hard for newfound luxuries such as color television, this short story is humorous and eye-opening for the reader. For adultsRead MoreAnalysis Of Raymond Carver s Cathedral 1340 Words   |  6 PagesRaymond Carver’s characters were considered to be very much like him: â€Å"’on the edge: of poverty, alcoholic self-destruction, loneliness† (Mays 32). His short story â€Å"Cathedral† is about a young couple, who have a visitor coming to stay with them. This visitor, Robert, is the wife’s friend, and he is blind. The narrator, the husband, has never met someone who is blind, was bothered by that. To him, being blind meant constantly needing help from others. His depiction of blindness was what he has seen

Mid term Exam Free Essays

1. a. Opportunity cost is the cost of the foregone alternative. We will write a custom essay sample on Mid term Exam or any similar topic only for you Order Now    It is the cost incurred for net selecting a particular course of action.   Opportunity cost is present in a lot of areas in economics, such as labor and capital. b. Increasing costs are expenditure that rises due to a particular activity.   For instance, if the economy is growing and the disposable income of the population is increasing, the velocity of circulation of money will rise.   This will eventually lead to increasing costs. c. Unemployment basically comprises the part of labor, which is capable of working, but which presently is not employed.   Unemployment arises when the actual output of the economy is lower the potential gross national product. d. Scarcity arises whenever the quantity supplied does not meet the quantity demanded for a product or service.   Scarcity can also apply for labor supply, in instances, where the economy is growing at a fast rate, but there is not sufficient labor to accommodate the job vacancies needed. 2. a. Chicken is a substitute product of beef.   Therefore the rise in price of chicken will lead to a rise in the demand of beef leading to an outward shift of the quantity demanded. b. If the wages of meat cutters will increase, more individuals would be interested in working in that area.   Therefore the quantity supplied of meet would increase leading to an outward shift in the quantity supplied. c. As income increases the disposable income of the population will rise.   If meet is considered a luxury good, the quantity demanded will rise because more will be afforded.   As a result an outward shift in quantity demanded will arise. d. If import quotas are eliminated, the competition and supply of beef will increase.   This will lead to a surplus in the market, which will eventually direct to a lower demand.   An inward shift of the quantity demanded will thus arise. 3. If for instance, the availability of cows diminishes due to an epidemic disease on cows.   This will direct to a leftward shift in the quantity supplied resulting in the quantity supplied not meeting the quantity demanded.   This shortage of meet, will eventually lead to a shift in the demand curve to reach again equilibrium position at a higher price.   The level of employment will be enhanced due to more number of firms willing to enter the market.   However, such shortage may limit the availability of meet supply. On the contrary if competition is increased in the market of beef, due to a reduction/removal in import quotas or new entry of firms, the quantity demanded will shrink through an inward shift.   This will thus lead to a quantity supplied greater than quantity demanded.   Therefore there will be a surplus of meet supplied that will direct a shift in the quantity supplied to meet again equilibrium at a lower price.   Firms will eventually drop out of the market due to lower profits leading to a decrease in the level of employment in such industry. 4. The total utility of a client is maximized when the marginal utility of a commodity is equal to the marginal utility of the other good.   Indeed the indifference curve is a graph that portrays a combination of commodities with the same level of utility.   Points are inputted from the situation at hand, which are eventually connected to form an indifference curve graph.   This holds on the assumption that consumption of goods is varied continuously and not incrementally. 5. a. Price elasticity of demand is a measure of the level of responsiveness of the quantity demanded to changes in price.   Price elasticity of demand is not the demand curve. b. The income of an individual is an important determinant of demand.   Income elasticity of demand is a calculation that shows the sensitivity of demand in relation to changes in income. c. In the real world a manager should not isolate on the price of the product or service sold only, he should also consider the prices of substitute and complementary products and services.   In this respect cross-price elasticity of demand is used to calculate the responsiveness of demand of the product marketed in relation to changes in prices of substitute or complementary products. d. Price elasticity of supply also is a determination of the level of responsiveness of the quantity supplied to movements in price. 6. The price elasticity of demand is the effect that a change in a variable will hold on the other variable.   A coefficient price elasticity of demand equal to 1 is attained for a unitary elasticity, one greater than 1 for an elastic demand and one less than 1 for an inelastic demand.   Under unitary elasticity, a percentage change in price will exactly provide the same effect on the quantity demanded.   Therefore a one percent increase in price will lead to a one percent decrease in quantity demanded. An elastic demand is an instance where a change in price leads to a more than proportionate effect on quantity demanded.   Thus a one percent increase in price will lead to a decrease in demand greater than one percent.   On the contrary, under inelastic demand a change in price will lead to a less than proportionate change in quantity demanded.   So a one percent increase in price will direct to a less than one percent decrease in quantity demanded. 7. Under an elastic demand total revenue would decrease when the price rises.   This is due to the fact that the increase in price will be exceeded by the reduction in units demanded due such elasticity.   For instance a product that holds a price elasticity of demand of 5.   If the present demand is 100 units and the actual price is $5, the total revenue is $500. If a 1% rise in price occurs increasing it to $5.05 a fall of 5% in demand will occur direct sales to 95 units.   In this case the total revenue would amount to $479.75, which is lower than the original revenue.   On the contrary, under an inelastic demand a rise in price will direct to higher revenue since the percentage decrease in units sold would be less than the percentage increase in price. 8. The cross-price elasticity of demand for substitute goods is always positive because the price of one item and the demand of the other move always in the same direction.   For example, chicken and meat are substitute goods.   If the price of chicken will rise, the quantity demanded for meat will increase too, because clients will shift from buying chicken to meat. The cross-price elasticity of demand for complimentary goods, on the other hand, is always negative because the price and quantity demanded of the variables at hand move at the opposite direction.   For instance, cameras and films are complimentary.   If the price of films increase, the demand for cameras will fall because fewer customers will purchase cameras in light of additional costs incurred for films, which are necessary for the camera to take photos. 9. The first and most important is the availability of substitutes.   The more a product or service faces substitute products, the more price-elastic is the demand.   This is due to the fact that if there are close substitutes and the price of the product is increased, the customer will shift to the substitute product and therefore the demand for the commodity will decrease.   For example, if the price of laptop computers were to rise, the demand for such product will probably fall because people will shift to personal computers. It is important to note that the effect of substitutes highly depends on how ‘substitute products’ are defined.   Usually the more specific the definition the higher the number of substitute products.   For instance, if the example of laptop computers were to be lessened to laptop computers of Hewlett Packard, one would find more substitute products like laptop computers of other competing companies, leading to a greater price-elastic demand. The income spent on the product is another determinant of price elasticity of demand.   The higher the income spent on the commodity, the more elastic is the demand.   For example, goods like bread, pepper, and sugar tend to have an inelastic demand curve, because they make up a low amount of the consumer’s budget. While products like cars have a more elastic demand curve due to the fact that people are more cost conscious when products are of a high value and therefore are more affected by changes in price.   However, in practice it is not guaranteed that the hypothesis mentioned in this paragraph actually takes place.   Indeed, some economists weaken the theoretical relationship that exists between the proportion of income spent on the product and the price elasticity of demand. Time element also places significant influence on price elasticity of demand.   The longer the time period, the more price-elastic is the demand, because substitute goods will be adapted or created to cater for the change in price.   For example, if the price of electricity were to increase drastically during the passage of time people will replace their home equipment and appliances to consume less electricity. For instance they may adopt a solar geezer or replace their electric cooker with a gas cooker.   On the contrary, the price elasticity of demand of durable goods behaves in the opposite direction.   For durable goods like cars, the responsiveness of demand to price movements weakens with the passage of time.   This is primarily due that in the long run old cars wear out and clients are forced to replace such vehicles if they intend to remain in the same product category. 10. Returns to scale are a production technique that considers how a proportionate increase in factors of production will affect total production output.   There are three stages of return to scale, being constant, increasing and decreasing.   Management should reach the highest point of the increasing returns to scale, where output rises in a higher proportion than input.   Economies of scale are more a cost concept, which examines the effect of production on costs through labor specialization and other technical factors.   The information portrayed below show the costs of production for a particular product. As we can see the higher number of units produced per worker is at 4 employees.   After that a diminishing return to scale will arise.   This coincides to the attainment of economies of scale, where the additional cost per new employee is at its lowest by $1.   In this respect returns to scale and economies of scale are related in the sense they normally correspond with each other.   Indeed, economies of scale normally aid the organization in attaining increasing returns to scale. 11. Short-run is considered as any time frame in which there is at least one factor of production that cannot be altered and is considered to be fixed.   In the long run all factors of production are variable and can be altered.   In order to remain operative in the short run a firm ought to cover all the variable costs.   Fixed costs at this stage are considered as sunk costs because they cannot be altered and will not affect the going concern decision. 12. Explicit costs are costs that involve a cash outflow of money, while implicit costs are expenditure that does not involve cash payments, such as depreciation. 13. The economic concept of profit is based on theoretical constructs.   Originally such concept focused on the difference between revenue and expenditure, being the surplus needed to maintain the capital of the firm.   The economic cost of production for a firm was regarded as the opportunity cost of production. With respect to the accounting concept of profit, one must consider the fact that originally the accounting concept of profit was similar to nowadays-economic concept of profit.   Indeed at the origination of this concept accountants regarded profit from a balance sheet perspective.   However during the passage of time accounting profit shifted to a matching of revenues and costs consumed in a particular period of time.   Accountants contend that such shift developed through the evolution of business enterprises, from a fully liquid business enterprise to large public limited companies. 14. a. A firm made Sales revenue of $10,000 and revenue expenditure amounted to $9,000.   Equipment of $10,000 was bought and the present interest rate is 10%.   The accounting profit is $1,000, while there is no economic profit since an opportunity cost of capital of $1,000 is deducted with respect to the foregone money due to the equipment bought. b. A firm made Sales revenue of $12,000 and revenue expenditure amounted to $8,000.   Equipment of $12,000 was bought and the present interest rate is 10%.   The accounting profit is $4,000, while the economic profit is $2,800. c. A firm made Sales revenue of $9,000 and revenue expenditure amounted to $7,500.   Equipment of $20,000 was bought and the present interest rate is 10%.   The accounting profit is $1,500, while the economic loss amounts to $500. d. As regards example b, the company is attaining economic rent and will thus continue operating.   Under perfect competition new firms will enter this market in the long term.   In case c, the firm will get out of the market due to an economic loss.   As regards example a, a normal profit is attaining, implying that the market is at an equilibrium and under perfect competition no firms will enter or exit the market. References: Hirschey M.; Pappas J. (1995). Fundamentals of Managerial Economics. Fifth Edition. New York: The Dryden Press. Maunders P.; Myers D.; Wall N.; Miller L. (1993). Economics Explained. Second Edition. London: Collins Educational. How to cite Mid term Exam, Essay examples

Science Future AdaptationsStingray Survival Of The Stingray Imagine Y

Science Future Adaptations:Stingray Survival of the Stingray Imagine yourself 150,000 years in the future. Another ice age is in full force. Temperatures are much colder, vegetation has ceased to exist, along with several entire animal species. The lion, once the king of the jungle, is no more than an alley cat scavenging for food. The great white shark- reduced to the size of goldfish. A new predator is on the prowl. The stingray, once limited to shallow, sandy beaches, has evolved! With it's new adaptations the power of the stingray is unfurled, free to roam in the wide expanse of sea, air, and land. Many advantages have evolved in the once conservative stingray. From the large size of the present day animal, the stingray has been reduced in size and weight from an average of 12 feet, 60 pounds to 3 feet, 15 pounds to provide from speed, stealth, and agility. The broad flattened pectoral fins have grown a protective hard scale resistant to the hardest of an enemy's teeth, al ong with the secretion of a special enzyme that causes pain and damage along with a bitter taste to avoid being eaten. It's powerful tail has been lengthened to provide offensive coverage in a 360 degree area. Along with the sharp, barbed spines and deadly poisonous glands, the stingray is now an formidable opponent. With the decrease in food supply, the stingray has adapted with his environment. Formerly a sole marine animal, a stingray's diet has now included the usual fish and crustaceans to birds and small rodents. To achieve this new source of food, the stingray now has the capability to move on land in the form of a speedy slithering such as a snake might move. A set of lungs accompany this adaptation enabling the stingray to breathe on land as well as water. In addition to land and sea, if a stingray should swim swiftly to the surface and break out high above, his new capability to glide would take effect. With a limit of a few minutes the stingray cannot sustain continued fl ight. He would be able to act as a scavenger stealing away kills from other predators and returning to the murky depths. The bland coloring of his skin enables him to hide from the predators as his skin reflects off the colors surrounding his environment. In a land surrounded by ice and water, a hard nose tooth, similar to a tusk, has grown to allow the stingray to break into crevices where urchins and such may be hiding. This also enables him to use the tooth as a weapon against invaders. In the harsh conditions of this new ice age, the stingray has evolved a number of advantages that should ensure their life span of their species well into the future.