Friday, April 10, 2020
Monday, March 9, 2020
Profit Maximisation Model Essay Example
Profit Maximisation Model Essay Example Profit Maximisation Model Essay Profit Maximisation Model Essay Profit Maximization model helps to predict the price-output behavior of a firm under changing market conditions like tax rates, wages and salaries, bonus, the degree of availability of resources, technology, fashions, tastes and preferences of consumers etc. It is a very simple and unambiguous model. It is the single most ideal model that can explain the normal behavior of a firm. It is often argued that no other alternative hypothesis can explain and predict the behavior of business firms better than profit-maximization hypothesis.This model gives a proper insight in to the working behavior of a firm. There are well developed mathematical models to explain this hypothesis in a systematic and scientific manner. Profit-maximization implies earning highest possible amount of profits during a given period of time. A firm has to generate largest amount of profits by building optimum productive capacity both in the short run and long run depending upon various internal and external factor s and forces.There should be proper balance between short run and long run objectives. In the short run a firm is able to make only slight or minor adjustments in the production process as well as in business conditions. The plant capacity in the short run is fixed and as such, it can increase its production and sales by intensive utilization of existing plants and machineries, having over time work for the existing staff etc. Thus, in the short run, a firm has its own technical and managerial constraints.But in the long run, as there is plenty of time at the disposal of a firm, it can expand and add to the existing capacities, build up new plants, employ additional workers etc to meet the rising demand in the market. Thus, in the long run, a firm will have adequate time and ample opportunity to make all kinds of adjustments and readjustments in production process and in its marketing strategies. It is to be noted with great care that a firm has to maximize its profits after taking in to consideration of various factors in to account.They are as follows: 1. Pricing and business strategies of rival firms and its impact on the working of the given firm. 2. Aggressive sales promotion policies adopted by rival firms in the market. 3. Without inducing the workers to demand higher wages and salaries leading to rise in operation costs. 4. Without inducing the workers to demand higher wages and salaries government controls and takeovers. 5. Maintaining the quality of the product and services to the customers. 6.Taking various kings of risks and uncertainties in the changing business environment. 7. Adopting a stable business policy. 8. Avoiding any sort of clash between short run and long run profits in the business policy and maintaining proper balance between them. 9. Maintaining its reputation, name, fame and image in the market. 10. Profit maximization is necessary in both perfect and imperfect markets. In a perfect market, a firm is a price-taker and under imperf ect market it becomes a price-searcher.
Saturday, February 22, 2020
Andrei Rublev's The Holy Trinity Research Paper
Andrei Rublev's The Holy Trinity - Research Paper Example Olsufiev describes Andrew Rublev as one of the iconic painters in the Russian History. He lived between 1360 and 1430. Information on Andrewââ¬â¢s biography is very scanty. Nevertheless, the available history shows that he was born in Pskov. He is considered a hero in painting of the Russian icons and frescoes. His name is associated with the flourishing period of the Russian art. Additionally, it is also linked with the revival of the Byzantine art after its ruin under the Ottoman rule. In the 1380, he was one of the artisans in the Princeââ¬â¢s cartel. They engaged in painting and decoration of churches. According to the Russian Orthodox Church Andrew was first mention as a painter when under the apprenticeship of Theophanes the Greek. This was in the Trinity Sergei Lavra Monastery, where he was a pupil of Prokhor of Gorodets. The two artists painted icons and frescos for the Cathedral of Annunciation of the Moscow Kremlin. It is in this monastery that Andrew did most of his painting. He moved out of this monastery after the death of his friend, Danil Cherny. He relocated to Andronikov Monastery in Moscow where he painted the frescos of the Savior Cathedral. That was his last painting. He remained in the same area and no wonder most of his paintings are found in or around Moscow. He died in 1430. A museum was constructed in the Andronikov Monastery, where the art and the epoch of Andrew Rublev are displayed. Smirnova observes that the surviving work shows that he belonged to either early Muscovite school or Vladimir-Suzdal.
Thursday, February 6, 2020
The effect of increased bank deposits ration with Chinese Central Bank Essay
The effect of increased bank deposits ration with Chinese Central Bank - Essay Example The effect of increased bank deposits ration with Chinese Central Bank If Chinese banks make more deposits with the central, the level of their total assets increase by the amount of deposits made to the central bank. Consequently, the central bankââ¬â¢s liabilities increase by the same amount of banks deposits. In most cases, the move will ensure that excess reserves within the banking system are reduced. In fact, banks will have to reduce their lending to households and firms by an equivalent amount deposited with the central bank. This policy measure could be realized if the central bank opts to sell bonds to banks from its portfolio to reduce excess reserves. For instance, the central bank might sell government bonds from available portfolios and the bonds could in turn be purchased by Chinese commercial banks. When banks make bonds payments by depositing an equivalent amount in reserves to the central bank, banks liabilities will increase by the amount of deposits made to the central whereas assets will increase by the amount of interest bearing bonds. However, the central bankââ¬â¢s assets will increase by the amount of deposits made while the assets will reduce by an equivalent amount of bonds issued. There are also numerous economic impacts ensuing from the decision made by Peopleââ¬â¢s Central Bank. The effects are apparently depicted on the economic equilibrium (GDP) and expenses incurred. Indeed, the Peopleââ¬â¢s Central Bank decision announcement that banks needs to hold extra deposits with Chinaââ¬â¢s central bank causes considerable economic impact.
Tuesday, January 28, 2020
Analysis of Jane Austins Pride And Prejudice Essay Example for Free
Analysis of Jane Austins Pride And Prejudice Essay Elizabeths and Darcys epithet (not literal but rather implied) of Proud and Prejudiced as the title of the book indicates, is clearly evident in the discourse and the use of pronouns found in extract A chapter 10. Extract B chapter 58, has an entirely different use of discourse and the polarity of persons is fundamentally different to that of extract A, the I and you of Elizabeth and Darcy become increasingly more like a metaphorical we or us as the book progresses, bring about a new implied epithet of humble and accepting. Benveniste refers to the use of pronouns as bringing ones ego into reality through the othering of people. The culture of politeness at the time that Jane Austin wrote Pride and Prejudice dictated that a person had to be far more subtle in their approach to, amongst others, insults. This was predominantly done through the change in indexicals, in the same manner we as the reader are able to pick up on the transition from; repulsion between Elizabeth and Darcy through to attraction and ultimately love, all as an event of language. In extract A Mr. Darcy moves closer, drawing near line 2, to Elizabeth , this is indicative of his affection towards her although it may be on a sub-conscious level. The reader can assume this as he moves his entire body towards her in a private manner. He then proceeds to other and mock her in line 4 by not including his own subjectivity in the discourse. Do not you feel a great inclination, Miss Bennet, to seize such an opportunity of dancing a reel? In this utterance Mr. Darcy does not include himself in the discourse and refers to Elizabeth as you, this creates a distance between the two as the you is not linked to Mr. Darcys I. Mr. Darcy extenuates Elizabeth by referring to her as Miss Bennet, in this he creates more distance by the formal address. The word seize is a blatant attempt to incite a reaction from Elizabeth by emphasizing her familys economic situation by insinuating that being poor, she would jump at the opportunity to let loose and revel in the opportunity to participate in, it is implied, this rare treat. In actuality Darcy is using an ironical tone to provoke a response and although othering Elizabeth is desperately seeking her attention. The same practice is performed by most young children, often mocking and behaving in a callous manner to the opposite sex in order simply to engage them. Elizabeth does not answer his question and he is forced toà repeat it. This indicates to the reader that although the two seem to be partaking in an argument, it is more than that and they are rather just trying to get attention from one another. It is important to note that at the time the novel was written it would be considered extremely rude to not answer a direct question and the fact that Elizabeth does this to Darcy s hows us; that she is a head strong proud individual and that she feels comfortable enough with Mr. Darcy to be impolite. After having repeated the question Elizabeth answers him. The polarity of the subjectivity and deixis is well demonstrated in her response to him. I heard you before, she involves him as a you (the object) and rebukes him by making him aware that he knew she had heard and there was no need to repeat the question. She continues by re-iterating her intention of othering him by using in reply line 9 opposed to to you. To illustrate his opinion and highlight his rudeness, she proceeds and turns him into the subject by placing the you at the beginning of the sentence in line 9, You wanted me. Elizabeth does this in order to embarrass Darcy and in doing so becomes a hypocrite, by using a tit for tat approach. She rebukes his poor cordiality but in doing so becomes just as malicious as Darcy. Elizabeth s rebuttal reaches the crux with her proverbial but line 10; after involving him she utterly removes him as a subject in her discourse and moves into a statement, I delight in overthrowing those kind of schemes, and cheating a person of their premeditated contempt. The reader can observe the those and their as a way of putting Darcy and his verbal banter in the same category as any other person she has encountered in her past. To enhance her point with dramatic effect she slows the tempo of her utterances; I have, therefore, made up my mind to tell you, that I do not want to dance a reel at all and now despise me if you dare. Once again she makes herself the subject with the I have then a the series of pauses so that the reaffirmation of her subjectivity can occur distinctively three times; I have, made up my mind, that I do not want. In closing Elizabeth forces the polarity onto Darcy by using direct and powerful words despise and dare. It is thus impossible for Darcy to avoid discourse and resorts to a defence of his ego offered by the I. Extract B chapter 58 begins with Darcy explaining to Elizabeth the circumstances of his youth that brought about the selfish line 8 adult that he became. In this monologue Darcys use of pronouns from lines 1 through to 11 are all self involved and one can notice the repetition of I at the beginning of sentences and after conjunctions or the start of a new point. This is unlike the use of I found in earlier extracts as well as future extracts; this is due to Darcys explanation being of little importance to any polarity of persons but rather a brief description. Darcy has by this stage of the book evolved into almost an entirely different I or person. When he uses the I in this section of the extract he is in essence borrowing it from his old self in order to justify his Prejudiced actions towards not only Elizabeth but all people he perceived to be of an inferior class. The introduction of Darcys new self occurs in line 12 with his inclusion of you and the use of Elizabeth s name, but for you, dearest, loveliest Elizabeth!. The surrender of all ego is done by attributing dearest and loveliest to the you of Elizabeth , importantly he uses the pinnacle of these attributes to raise her above all others. By you I was properly humbled. line 14; this positioning of the you before the I show that Darcy has completely surrendered himself over to Elizabeth by giving the you tenure of the I. Elizabeth, not surprisingly, also gives herself over to Darcy by reversing the order of pronouns in line 17 Had you then persuaded yourself that I should?. The use of pronouns as Benviniste demonstrates is a direct representation and the only true representation of ones ego. Both Elizabeth and Darcy then proceed in a rather shameful manner to reverse the polarity of persons in order to apologise to one another. How you must have hated me after that evening! line 22, the reader should take note of the utterance being formed as a question but made as a statement. Certainly Elizabeth is seeking a response but in a very passive manner! Darcy replies in an equally passive tone but hints of defensive tones can be observed in his response of Hate you! I was angry, perhaps, at first, but my anger soon began to take a proper direction line 23. Darcy involuntarily reverts back to his old I as a means of defence and finding a comfort zone, correcting himself he introduces and Elizabeth and her you by implyingà that she is the proper direction. The lines that follow are of the same passive nature as slowly the I and you of Darcy and Elizabeth become one. Benviniste tries to convey that our use of pronouns is in essentially the only way in which or utterances or communication can be of any importance. Pronouns are the gateway in which or egos can be transmitted into reality. These two extracts from Pride and Prejudice show wonderfully how this is done. Through the book we notice a clear change in the polarity of persons from that of egotistical to unselfish and relinquished pronouns. Bibliography:Jane Austin Pride and Prejudice
Monday, January 20, 2020
Islam Does NOT Advocate Terrorism Essay -- ISIS, Terrorism 2015
A few years ago, an extreme offshoot of al-Qaeda proclaimed itself a caliphate in the Middle East. Today, the entire world has witnessed ISIS commit brutal crimes against humanity, including beheadings and other horrific acts of violence as well as its unlawful seizure and destruction of public and private property in Iraq, Syria and beyond. Because of this, many people think that Islam requires fighting non-Muslims, killing, invading other lands, etc. All these thoughts about Islam are totally wrong. Islam does not advocate any form of terrorism. Islam is not responsible for any terror operations done by any movements that relates itself to Islam. According to the text mentioned in the Holy Quran, killing a person is like killing all humankind, and saving a person is like saving all humankind. I wonder how could some people think that a religion that includes this text in its religious book is responsible for such crimes. The problem is not Islam itself, but the way people understand Islam and the way Muslims represent Islam. In fact, I think that many people should focus more on whatââ¬â¢s the reason behind the spread of terrorism among Muslims, instead of focusing on the religion or country that produces these movements. In other words, they must realize tha... ...otect themselves against those who try to attack Muslims. Unfortunately, many Islamic extremists all over the Islamic world, especially Saudi Arabia, misunderstand this concept or try to use this concept as a justification to their bad practices against civilians in other western countries. In fact, I would prefer discussing the Lesser Jihad in a separated blog post incorporating Al Qaââ¬â¢eda as a terror movement who interpret Jihad the way they want. Works cited: Cook, David. ââ¬Å"The Greater Jihad and the Lesser Jihad.â⬠Understanding Jihad. Berkeley and Los Angeles: The Regents of the University of California, 2005. 35-39. Print.
Sunday, January 12, 2020
American Government: U S Democracy
Democracy is a system of governance whereby power vested on leaders is held by the population and leadership is through an accountable and transparent electoral system that respects the choice of the majority while listening to the views of the minority. The path to democracy has been long and vibrant with stiff obstacles that have had to be evaded or crushed in order for equality and equity to prevail under a democratic system of governance that promotes respect for individual and collective rights and freedoms.A radical shift from hereditary and monarchial leadership was necessary since this unitary holding of power vested too much privilege and power upon an individual leading to abuse due to self interest. However though democracy is perceived to exist in some regions due to a free electoral system, the process though accountable may bring about individuals who renege on their promises and completely disregard the pillars of democracy leading to a dictatorial regime that is unjus t and oppressive and does not respect the will of the masses.There are some countries that have endeavored to be a model of democracy by striving to grant all citizens an equal status and ensuring that a supreme constitution exists on which fundamental rights and freedoms are anchored. This is not to say that the democratic records of these countries are clean. For any monumental success on democracy to be achieved, society must be prevailed upon to discard certain moral and legal evils to ensure that freedom and equal opportunity thrives.On this front it is safe to say that the United States of America is a true democracy whereby all citizens and visitors coexist peacefully and all disregarding race are guaranteed equal rights and freedoms in the pursuit of their dreams and aspirations (Miroff, Seidelman, & Swanstrom 2007). The American constitution was formulated on the basis that power must always rest upon the people and so provided that all state and national representatives mu st be elected by the people through a fair and transparent election.The constitution further sought to limit the terms of office of a certain government to ensure that a regime may not abuse its authority to disregard the will of the people in order to selfishly retain power. A democracy is characterized by a view for fair representation and a prudent understanding that a separation of power is important to prevent a conflict of interest that might contravene the intentions of a true democracy.Where such separations do not exist or where those divisions are superficial, rule of law becomes geared toward promoting the will of the ruling minority and justice becomes fleeting since there usually results in a breach of the rights and freedoms of the populace. In this respect it becomes important to have three important branches of government whose mandate is clear and there exists clear guidelines on the powers vested upon each arm of government.In any democracy there should be a legisl ative arm whose mandate comes directly from the people and their primary role the formulation of law to act as a basis for unity, growth and oversight. Secondly a judicial system that is impartial and independent for the proper dispensing of justice and the protection of individual rights and freedoms. Lastly an executive is important to represent the sovereignty of a nation and lead the process of protecting the people and service provision. The United States of America has come a long way to reach democratic maturity.This process was full of radical actions by people like Martin Luther who felt that racial segregation was uncharacteristic of a democratic nation. The civil movements of the 60 have brought equality that was important to propel the nation to great social, economic, political and military dominance. Further more women lobby groups that relentlessly advocated for gender equality saw the broadening of democratic space and women have continued to reach influential politi cal and business positions and prospects are there on the possibility of a woman president in the country.Critics to this notion would need to be reminded that a few decades ago the prospect of a black president would have been unimaginable but 2008 brought a new dawn in American politics and democracy in general with the election of Obama as president. This is a result of a fair and accountable electoral system that ensures that the choice of the American people is respected. Miroff, Seidelman, & Swanstrom (2007) adds that the United States continues to ensure that individual rights and freedoms are respected and several bills have been passed by congress to ensure that .Some include the freedom of movement, information, privacy and expression. A robust security system continues to safeguard the rights of citizens to be protected from harm with strict laws enforced to protect property both tangible and intellectual. American government consists of the national federal government an d the state governments. While these states are subject to national legislation by congress, they however retain the power to make decisions that are of interest to these states on issues ranging from education, health, security and the administration of justice.National government consists of an executive, congress and the judiciary. The power of the executive is vested upon the president who may delegate such powers to the vice president and his cabinet for the smooth execution of government functions. The president is also the commander in chief of the armed forces but is also subject to consult with congress over the deployment of soldiers to wars. The executive can also enter into international treaties with approval form senate. The president is also responsible for signing bills into law and retains to an extent the power to veto certain bills.Executive power in the States is held by an elected governor who is responsible for providing leadership in the state and signing bill s into state laws. The most important arm of government is Congress which is granted several powers by the constitution. Congress however works hand in hand with the Senate but the constitution clearly spells out that congress is supreme in law making. Congress has oversight powers over the executive in issues ranging form taxes, military and security, provision of services, providing guidelines to the administration of justice among others.Lastly the last arm of government is the Judiciary whose core function is the administration of justice and the interpretation of the constitution to ensure that law passed by the legislative and executive arms of government do not contravene the constitution. There are federal courts charged with administration of federal laws and state courts subject to state laws. The highest court in the land is the Supreme Court and its decisions are binding upon all subordinate courts whether federal or state.These courts try both criminal and civil cases t o bring redress where violations occur. There have been this believes through out American politics that there is a great influence of a small minority of rich individuals in the outcome of American elections and in the way that elected leaders make their decisions. It is widely accepted that these individuals who are the core contributors in campaign funding will choose individuals whom they feel will contribute towards continuing with policies that will benefit their causes and make them wealthier.This greatly contravenes what the American constitution envisioned since it takes the power of the greater masses to decide elections since the choice of candidates in the primaries is greatly influenced by minority rich and influential individuals. Therefore Americans simply endorses one of the fronted candidate who is simply one of the two fronted by two different rich factions and the notion that Americans choose a president is jus a sham.It is my opinion therefore that we need to inc rease public funding to parties and independent candidates to counter the effect of the rich on Americas politics. It is also important that we see an entrance of more parties to give Americans more choice during elections to improve democracy. References Miroff, B. , Seidelman, R. , &Swanstrom, T. (2007). The Democratic Debate: An Introduction to American Politics. 4th. ed. New York: Houghton Mifflin.
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