Economics Essay Example | Topics and Well Written Essays - 1500 words - 29

Economics - Essay Example At this specific combination of price and quantity, both the agents are maximizing their self interests, keeping in mind the other agent’s behavior and satisfying the condition of Pareto-Optimality (Google Docs, page 57-58). A competitive market is identified by three main characteristics: many consumers and many sellers, freedom of choice under the umbrella of perfect information, and the assumption that the agents have a rational behavior in determining their choice, which essentially maximizes their self-interests. To ensure optimality of outcome, the existence of externalities is unacceptable (Howard, 1994, page 384) The market model of a competitive market is thus based on the general assumption that industries seek to maximize their profits, and therefore are competitive. However, given the condition that a single firm is just one part of the many firms in the market, it is projected that it cannot affect the price of the commodity which in this case is ‘the rainwater tanks’. Hence an individual seller is just a price taker, it can be rightly said that it faces a flat demand curve (John and Akila, 2009, page 246) Referring to the diagram (perfect competition) below, the Supply Curve (Ms) interacts with the Demand Curve (Md) in the Industry model, to determine the equilibrium price which is P1, that will become the demand curve of an individual firm i.e. the flat line AR=MC in the Individual Firm model. The quantity supplied by the individual firm is Q1, and the quantity supplied by the overall industry would be the amount on the x-axis (Industry Output), corresponding to P1. The shaded area denoting the profit of any individual firm is an assumption based on the consideration that the supplier has an average cost below the price; However, depending upon every individual firm’s own capacity to supply rainwater tanks and the respective average costs they face, they shall determine their supply curve, and all the individual

Eulogy for Father :: Eulogies Eulogy

Eulogy for Father On behalf of myself, my mom and my brother, I want to thank everyone for being here....On the one hand, I was dreading today. I don't want to cry anymore. I don't want to yearn to hug my dad one last time, long to see his smiling face or hear his cheerful voice. On the other hand, I wanted today to come so that I could be around all of the people who love my dad so that I might feel his presence through sharing memories of him,....sharing tears....and maybe even sharing some laughter. How do you come to terms with the loss of your beloved father? How do you find happiness again? How do you move forward despite your aching heart, emptiness and sadness? It's like I'm in the midst of a nightmare that doesn't disappear when I wake up. I desperately want to find peace within myself about my father's death. I want my faith to reassure me that my dad is still with me in spirit. I think if I take this time to share the kind of man my father was, we might all feel like he is still very much alive. My dad was the most passionate person I've ever known. When he believed there was truth in something, he strived to educate others in the hopes they might open their minds to new possibilities. He was silly and zany with a great sense of humor. His lively presence was always felt in a room. He was a voracious reader. If I ever had a question about something, he always had answers because he'd read an article or a book recently about it. He was generous with his time. He would do anything for anybody at any time. My dad loved toys. When I was a kid, he'd buy me things that he really wanted to play with like capsella and model trains. He was an extremely sentimental person. When he visited his grandson for the first time 2 months ago, he bought him his first model car and purchased the New York Times that came out the day after so that Matthew would someday know what was going on in the world the day he was born, he saved all magazines, he framed simple notes sent by friends that signi fied an important time in his life, he couldn't bare to sell his childhood home.

Importance of Mother Nature

More and more people are becoming aware of the importance of saving mother earth. Indeed, the sense of urgency behind the drive to save the environment is stronger than ever before. After all, we only have one planet; if this one becomes totally ruined, our children, grandchildren and great-grandchildren will not have a home. If we all do our part to save mother earth, it is definitely possible. Therefore, people should learn as much as they can about ways that they can help save the environment; by working together, our planet can remain habitable for centuries to come.Save Mother Earth Tip #1: RecyclingThe popularity of recycling has increased a great deal in recent years, as people search for ways of saving mother earth. Recycling can have a dramatic impact on helping to save the environment. Many different things can be recycled and reused, reducing waste and garbage in landfills and around the planet. In terms of helping to save the environment, recycling is an excellent strateg y. It makes sense, in saving mother earth, to reuse her resources as much as possible. Increasing recycling efforts can help us save the environment.Save Mother Earth Tip #2: EducationTeaching our children about the importance of saving mother earth is a great way of instilling lifelong habits that can help save the environment. Schools are increasing the teaching of subjects that pertain to helping to save the environment. Young children are encouraged to help save mother earth by engaging in various habits that promote eco-friendly techniques. Parents can also increase the green-education of their children by demonstrating every day strategies for helping in the fight to save the environment.If everyone does their part, today’s children will be tomorrow’s environmentalists, helping to save our planet from ruin.One major problem of the environment is lack of knowledge. If that little girl knew that she killed trees when she crumples the paper if she draws an oval inst ead of a circle, I think she wouldn’t continue doing that. And if she still did, it will be lesser compared to before. If only she knew. If only we knew. If only we knew earlier.

Periodic Table of the Elements- Accepted Atomic Masses