Suppose you own a television factory and at your current level of output you have average total cost of $800 per television, average variable costs of $700 per television, and a marginal cost of $400. If the price your buyers are willing to pay is $500, should you decrease or increase production? Explain your reasoning,
You are the owner of a restaurant, and currently you have only one waiter. While this keeps costs down, many of your customers go home because they are tired of waiting in line or waiting for their order. You hire four more waiters and waitresses, and you are now able to serve a dramatically higher number of customers. Seeing the huge productivity gains from hiring more staff, you then hire 20 more waiters and waitresses. However, you are not able to serve any more customers than you were able to when your staff size was only four. In fact, your restaurant has become overly crowded because there is not enough room in your restaurant for all of your staff. You are confused as to why hiring four more staff members increased your productivity, but hiring 20 more did not. What concept from the background readings best describes what happened in this case? Explain your reasoning.
Part B: Quantitative problems The following table gives the total weekly output of bicycles at Al’s Bicycle Town. Table 1 Labor Total Product (TP) Average Product of labor (AP) Marginal Product of labor (MP) 0 0 na na 1 100 100 100 2 300 —– ___ 3 450 ___ ___ 4 ___ ___ 110 5 630 ___ ___ 6 ___ 110 ___ Complete this table. Draw the graphs of the marginal product (MP) and the average product (AP). To learn how to plot the data in Excel, see https://www.youtube.com/watch?v=B3U9tDcoNeI Where do the AP and MP curve cross? The cost of 1 worker is $2000 per month. Total fixed cost is $4000 per month. Complete Table 2 using your answers from Table 1 and by computing total variable cost (TVC) and total cost(TC). Table 2 Labor Total Product (TP) Total variable cost (TVC) Total cost (TC) 0 0 na 4000 1 100 2000 ___ 2 300 —– ___ 3 450 ___ ___ 4 ___ ___ 12000 5 630 ___ ___ 6 ___ 12000 ___ Draw the graphs of the TC and TVC curves. What is the relationship between these two curves? Complete Table 3 by using your answers from the previous Tables and calculating the AVC, ATC, and MC. Table 3 Total Product (TP) Average variable cost (AVC) Average total cost (ATC) Marginal cost (MC) 0 na na na 100 20 ___ 20 300 —– ___ ___ 450 ___ ___ ___ ___ ___ 21.43 ___ 630 ___ ___ ___ ___ ___ ___ 66.67 Draw the graphs of the ATC, AVC, and MC curves. What is the relationship between the ATC and AVC curves? Between the MC and AVC curves?
Illumination in Western and Islamic Traditions Distributed: 23rd March, 2015 Last Edited: 26th April, 2018 Disclaimer: This exposition has been put together by an understudy. This isn't a case of the work composed by our expert paper essayists. You can see tests of our expert work here. Any assessments, discoveries, conclusions or proposals communicated in this material are those of the writers and don't really mirror the perspectives of UK Essays. Which convention gives more prominent Enlightenment? On the planet we live, we are constantly looked with clashing belief systems that impact our reasoning. This is absolutely valid about Islam and secularism. For my situation and on account of most Muslim people who live in an advanced society, society some of the time requests us to dismiss common Western qualities and take after Islamic qualities and the other way around. Because of such clashing effects on our reasoning, we are in some cases befuddled as to which convention to receive as a supernatural choice: the Islamic custom or the Western convention? To help choose which custom to tail, I am will examine which convention gives more prominent enlightenmen. I will do this by breaking the paper into the accompanying parts: General idea and meaning of the word edification. The Age of Enlightenment in the West. Edification in Islam. Victories and Failures of edification in the West. Why Islam is more edified than the Western belief system of illumination and ought to be advanced? General idea and meaning of the word illumination The word 'illumination' has a wide range of implications relying upon the setting in which it is utilized. On the off chance that we take a gander at the strict importance of the word edification, we will find that it originates from the verb to help. The prefix 'en' intends to make or progress toward becoming and the postfix 'ment' implies a condition of being. In this way on the off chance that we join the parts of the word 'illumination' together, we will find that it actually intends to end up lit up. Anyway the expansive meaning of the word 'illumination' as indicated by most societies and social orders is "the procurement of new insight or comprehension" (Wikipedia, 2006, Enlightenment (idea) segment, ¶1). On the off chance that we take a gander at this definition, we will discover it is fundamentally the same as the strict meaning of edification. When we say a man has moved toward becoming lit up, we mean he has turned out to be smarter (more wise) or has gained new knowledge. When all is said in done, there are two distinct ideas of illumination: religious/profound edification and scholarly/common edification. The two ideas of illumination are solid alternate extremes of each other. This is the reason a great many people that have confidence in common edification frequently dismiss religious illumination and the other way around. Mainstream illumination is edification that isn't viewed as religious, otherworldly or holy, while religious illumination is the inverse. As indicated by Immanuel Kant, a German scholar of the edification, the Enlightenment was the period in the improvement of European human progress when "Humankind became out of its self-perpetrated adolescence" (as refered to in Davies, 1996, p.596) or it is "man's discharge from his self-brought about tutelage." (as refered to in Dupré, 2004, p.1). The idea of Secular edification was critical in Europe amid the eighteenth century, since it caused an emotional change in the ordinary reasoning of Europeans. The attributes of Secular edification were the dismissal of old narrow minded convictions, which were supplanted with the confidence in reason as a measure over all things. The Enlightenment was in truth the scholarly development that supported this idea. The Age of Enlightenment in the West The Age of Enlightenment alludes to the eighteenth century in American and European logic or as per a few researchers it likewise incorporates the seventeenth century and the Age of Reason. This was where creative and scholarly thoughts were being spread to challenge conventional fanatical thoughts and convictions. Amid this period a scholarly development referred to as The Enlightenment pushed reason as a technique to research and concentrate all the different logical fields, which incorporated the sociologies (feel, morals, theory, rationale, financial matters), writing and regular sciences (material science, science, science). They trusted this would enable individuals to acquire target truth about the universe.The primary figures of the illumination were Descartes, Pascal, Bayle, Montesquieu, Voltaire, Diderot, and Rousseau. Among them Denis Diderot was one of the primary individuals to propose the six key standards on which illumination are situated in his Encyclopedie. The primary rule was solid confidence in human thinking to the point, where it was viewed as the best measure over everything. The second standard was the faith in a Supreme Being (God), who is lifted up finished everything. Anyway these illuminated masterminds likewise trusted that God did not intercede with nature. The third standard was the dismissal or less essentialness given to religious qualities and mysticism. The fourth rule was the conviction that secularism, which is the partition of the congregation and state, is better. The fifth rule was the solid faith in the logical strategy, which prompt outrageous realism. The last standard was the desire for boundless advance. Illumination in Islam Despite the fact that in Islam there is no understanding of illumination, Islam came as an edified religion and lifestyle for the entire mankind. Amid the time the Prophet Muhammad (peace arrive) was conceived, which was in the year 570 A.D., the entire world lived in the Dark Ages. Confidence in superstitions, fantasies, regular practices of dark enchantment, excessive admiration (polytheism) and agnosticism was normal. One of the real worries of that time was the misfortune and adjustment of the first Holy Scriptures, for example, the Bible and Torah and the expanded influence of the Church, which directed its own particular form of religion and was for the most part in charge of modifying the Holy Scriptures. In Arabia polytheism and agnosticism was the overwhelming religion of the Arabs. Numbness towards science and ignorance were wild among the general population. The Holy Kaabah, which was worked by Prophet Abraham and Ishmael was loaded with many symbols. Additionally dim traditions and conventions, for example, the female child murder and custom betting (Maysir) on camels were normal. At the point when the Prophet Muhammad began his central goal of lecturing Islam, which was proliferating the Oneness and Unity of God (monotheism), he was met with outrageous obstruction. Anyway as he kept his proclaiming steady with a similar meticulousness, the quantity of his devotees expanded drastically till they could totally change the way of life of Arabia and whatever remains of the world. Islam acquired illumination the Arab world by emphatically changing the dim traditions and mentalities of society, for example, abrogating female child murder, subjection, betting and liquor enslavement. Islam additionally brought equity and gave human rights to every person. In Islam, the life and property of all nationals in an Islamic state are viewed as holy, regardless of whether Muslim or not. Islam likewise secures the respect of each person. It doesn't permit annoying or ridiculing others. The Prophet Muhammad (pbuh) had stated: "Genuinely your blood, your property, and your respect are sacred" (as refered to in Ibrahim, 1997, p.61). Islam likewise canceled Racism and brought human uniformity. The Quraan talks about human uniformity in the accompanying words: "O humanity, We have made you from a male and a female and have made you into countries and clans for you to know each other. Genuinely, the noblest of you with God is the most devout. Really, God is All-Knowing, All-Aware" (1997, p.61). Islam rejects that an individual is better than another person by his riches, influence or race. God made people as equivalent to each other. One is just superior to the next on the off chance that he has more prominent confidence or devotion (taqwa). A man who more prominent taqwa is one who keeps himself from a wide range of sins, performs great deeds that God orders us to do, and fears and cherishes God. Concerning uniformity our Prophet Muhammad likewise stated: "O individuals! Your God is one and your ancestor (Adam) is one. An Arab isn't superior to a non-Arab and a non-Arab isn't superior to an Arab, and a red (i.e. white tinged with red) individual isn't superior to anything a dark individual and a dark individual isn't superior to anything a red individual, aside from in devotion" (1997, p.62). Concerning the status of ladies, Islam has from the earliest starting point given ladies break even with rights as men. In the Holy Qur'aan, God says "O Mankind, keep your obligation to your Lord who made you from a solitary soul and from it made its mate (of same kind) and from them twain has spread a large number of people" (as refered to in Badawi, 1971, p.11). El-Khouly Al-Bahiy, a researcher who contemplated about this verse states: "It is trusted that there is no content, old or new, that arrangements with the mankind of the ladies from all viewpoints with such astounding quickness, expressiveness, profundity, and creativity as this awesome announcement" (1971, p.11). In different verses, the Qur'aan likewise communicates obvious confirmation about the uniformity of ladies, for example, "… So their Lord acknowledged their petitions, (saying): I won't endure to be lost crafted by any of you whether male or female. You will continue one from another… ." (1971, p.13). Likewise, as indicated by the Qur'aan, lady isn't exclusively reprimanded for Adam's error of eating from the prohibited tree in Paradise. Both Adam and Eve mutually dedicated the oversight, apologized and were excused by God. Concerning religious commitments in Islam, for example, supplicating, fasting, giving philanthropy and journey, ladies are the same than men. Truth be told, now and again ladies are more exempted from required obligations than men. At the point when a lady has menstrual periods or is pregnant amid the previous forty days, she is exempted from fasting and supplications. Concerning>GET ANSWER