Class Test on Micro Economics Essay Example for Free

Class Test on Micro Economics Essay i) All questions in this section are compulsory ii) Marks for questions are indicated against each iii) Answers for very short answer questions carrying 1 mark must be answered in ONE sentence each iv) Answers for short answer questions carrying 3 marks each should not normally exceed 60 words v) Answers for short answer questions carrying 4 marks each should normally not exceed 70 words vi) Answers for long answer questions carrying 6 marks each should not normally exceed 100 words each. vii) Answers should be brief and to the point – The above word limits should be adhered to as far as possible. 1. Name the characteristic which make monopolistic competition different from perfect competition[1] 2. Why is demand for water inelastic?[1] 3. State one feature of oligopoly[1] 4. In which market form is the demand perfectly inelastic?[1] 5. Distinguish between increase in demand and increase in quantity demanded[3] 6. Goods X and Y are substitutes. Explain the effect of a fall in price of Y on the demand for X.[3] 7. At a price of Rs. 5 per unit of a commodity A, total revenue is Rs 800. When its price rises by 20%, total revenue increases by Rs. 400. Calculate its rice elasticity of demand[3] 8. Explain the implication of freedom to entry and exit of firms under perfect competition[3] 9. Given below is the cost schedule of a firm. Its average fixed cost is Rs 20 When it is producing 3 units. |Output |1 |2 |3 | |Average Variable cost (Rs.) |30 |28 |32 | Calculate its marginal cost and average total cost at each given level of output.[3] 10 Explain the features of â€Å"What to produce† OR Explain any two main features of centrally planned economy.[4] 12. When the price of a commodity falls by Rs. 2 per unit, its quantity demanded increases by 10 units. Its price elasticity is (-)1. Calculate its quantity demanded on its equilibrium price.[4] 13. Explain the effect of increase in income of buyers of a normal commodity on its equilibrium price.[4] 14. State whether the following statements are true or false: Give reasons for your answer (a) When total revenue is constant, average revenue will be constant. (b) Average variable cost can fall even when marginal product is rising (c) When marginal product falls, average product will also fall.[6] 15. Explain the law of variable proportions with the help of total and marginal product curves. [6] 16 Explain producers equilibrium with the help of a marginal cost and marginal revenue schedule [6]

Masculinity in Deliverance by James Dickey Essay -- Establishment of M

Masculinity in Deliverance by James Dickey The novel Deliverance by James Dickey portrays the essence of middle-aged men experiencing the mid-life crisis through which they must prove to themselves and more importantly every one else that they still possess the strength, bravery, intelligence, and charm believed to be society's ideal of "masculinity." Dickey's four main characters undertake a risky adventure to satisfy their egotistical complexes and prove to the world that they are still the strong young men their wives married. Each character represents a different stereotype of the middle-aged man, and therefore experiences a different type of psychological and physical journey than their peers. The character Drew Ballinger in Deliverance is a sales supervisor at a soft-drink company who is very devoted to his son and his job. Drew is the character who represents the middle-aged man's desire for talent and attention. Drew plays the guitar and his music is his true companion. Without having any talent, as he would be the first to tell you, Drew played mighty well, through sheer devotion.(Dickey, 11) For Drew the highlight of this trip is his duo with Lonnie, an uneducated banjo player. Drew obviously finds this the most exhilarating part of the adventure in that he is the center of attention and is playing very well with a talented young man. I had never heard him play so well, and I really began to listen deeply, moved as an unmusical person is moved when he sees that the music is meant†¦.I could not see Drew's face, but the back of his neck was sheer joy†¦I was glad for Drew's sake that we had come. Jus... ...ecame a possession to me, a personal, private possession, as nothing else in my life ever had. Now it ran nowhere but in my head, but there it ran as though immortally. I could feel it - I can feel it - on different places on my body. It pleases me in some curious way that the river does not exist, and that I have it. In me it still is, and will be until I die, green, rocky, deep, fast, slow and beautiful beyond reality†¦The river underlies†¦everything that I do. It is always finding a way to serve me†¦(Dickey, 275-6) Thus, Ed is the protagonist and hero of Deliverance. It is through this perilous voyage that Drew, Bobby, Lewis, and Ed undertake, that they prove their "masculinity," or lack there of, to themselves and to the society in which they live. Works Cited Dickey, James Deliverance. 1970. New York: Dell Publishing, 1994. Masculinity in Deliverance by James Dickey Essay -- Establishment of M Masculinity in Deliverance by James Dickey The novel Deliverance by James Dickey portrays the essence of middle-aged men experiencing the mid-life crisis through which they must prove to themselves and more importantly every one else that they still possess the strength, bravery, intelligence, and charm believed to be society's ideal of "masculinity." Dickey's four main characters undertake a risky adventure to satisfy their egotistical complexes and prove to the world that they are still the strong young men their wives married. Each character represents a different stereotype of the middle-aged man, and therefore experiences a different type of psychological and physical journey than their peers. The character Drew Ballinger in Deliverance is a sales supervisor at a soft-drink company who is very devoted to his son and his job. Drew is the character who represents the middle-aged man's desire for talent and attention. Drew plays the guitar and his music is his true companion. Without having any talent, as he would be the first to tell you, Drew played mighty well, through sheer devotion.(Dickey, 11) For Drew the highlight of this trip is his duo with Lonnie, an uneducated banjo player. Drew obviously finds this the most exhilarating part of the adventure in that he is the center of attention and is playing very well with a talented young man. I had never heard him play so well, and I really began to listen deeply, moved as an unmusical person is moved when he sees that the music is meant†¦.I could not see Drew's face, but the back of his neck was sheer joy†¦I was glad for Drew's sake that we had come. Jus... ...ecame a possession to me, a personal, private possession, as nothing else in my life ever had. Now it ran nowhere but in my head, but there it ran as though immortally. I could feel it - I can feel it - on different places on my body. It pleases me in some curious way that the river does not exist, and that I have it. In me it still is, and will be until I die, green, rocky, deep, fast, slow and beautiful beyond reality†¦The river underlies†¦everything that I do. It is always finding a way to serve me†¦(Dickey, 275-6) Thus, Ed is the protagonist and hero of Deliverance. It is through this perilous voyage that Drew, Bobby, Lewis, and Ed undertake, that they prove their "masculinity," or lack there of, to themselves and to the society in which they live. Works Cited Dickey, James Deliverance. 1970. New York: Dell Publishing, 1994.

Book Reflection Assignment Essay

The Memory Keeper’s Daughter by Kim Edwards is a very fascinating and insightful book that everyone who is interested in special education should definitely read. After reading the book, I could not help myself but be compelled by the story’s main insight about the beauty of life despite the challenges brought about by the pain of the past and the challenges of the present. In this book, two of the most compelling aspects that I would never forget are (1) the realization of Caroline of the struggles she is about to face for having a mentally handicapped child and (2) the hope and courage she has gathered all her life to be able to appreciate the beauty and mystery of her entire being. In the first insight, it is best exemplified by the most obvious and vividly compelling scenarios in the first few chapters of the book. One clear situation is when Caroline refuses the money Dr. David Henry wanted to give her to start a new life again and move away from the depressing and helpless state in Kentucky. It is well-explained in this scene that not only will the book open up a narrative form of the beauty of remembering the past, it also immediately gives a hint of how life should always be a story of redemption and courage. Interestingly, this opening insight reminds me of the most important lesson everyone living with special children should always remember: everything shall pass when you are being patient. Just like the freezing cold that surround the town of Kentucky and just like the undeniably unbearable pain of a mother who just realized the long arduous struggle of having a handicapped child, there is nothing in suffering that does not fully pass away in time. This is something that is well-linked throughout Kim Edwards Book and something we are immediately introduced right after we first realize how the hard future of Caroline’s twins shall be. In understanding the essence of special education, nothing is more important than realizing and putting in practice the virtue of being patient. That is why the main situation in the book that made me appreciate the second insight even more is the time when Caroline finally heard of David’s death and told her children the truth. In this scene, I am immediately reminded of the basic requisite needed in having enough patience to answer the needs of special children: the pure truth. Everybody deserves the truth. Just because the special children we are dealing with don’t always respond as fast as normal people do, does not mean they are less worthy of our trust. Just as the final realization of Caroline to tell her children everything about their past, we should never deprive anyone who is worthy of the truth the story they deserve to know. Thus, the resolution being highlighted in the final scenarios of this book simply shows the very important lesson in understanding the patience, courage and determination it takes to succeed in addressing the needs of special children: honesty. Impact The three things in the book that I can clearly identify as having a strong impact to me as I work with individuals with disabilities and their parents in the future are quite similar to the insight I just mentioned above: (1) the value of courage, (2)the virtue of patience and (3)the importance of trust. The value of courage is best described in the part of the book when Phoebe and Paul were already eighteen-years old and Caroline was about to tell David the truth but then failed to do so because of an event David was hosting. In one of the most subtle scenes in this part of the story, the courage of getting through life’s struggles while being patient clearly comes to mind. Something special education most importantly requires in cases where special children and their parents are made to do things they would otherwise just refuse to doing. The virtue of patience could not have been made clearer in the entire lay-out of the book. I could not express enough the important virtue of patience in handling patients with special needs. It’s no different when handling with parents. The difficulty of making parents understand the strength and commitment it takes to raise special children could not be a more ideal example for this. The importance of trust in dealing with special children and their guardians is also best linked in the entire story of the book. When Caroline handles the difficulty of having a kid who has a down syndrome, I was struck with awe on how much strength she was able to gather in simply making ends meet by simply being honest to herself. In dealing with special education, success on the part of the teacher is impossible without first getting the trust of the parents and their special children. In this aspect, I will not only agree with a critic who said that â€Å"The Memory Keeper’s Daughter is appealing to readers who want a literary page turner and something to discuss in their reading groups† (Rich, 2006, p. 1), but also declare that, overall, it is very successful at that. This simply goes to say that it is a highly commendable recommended book for a type of audience who wants to understand more the industry of handling special children and the challenges their loved ones are facing each day. This book is also very important to those who want to understand life in someone else’s unique view. If such is the goal and purpose of the novel, I would definitely say the author is more than successful in achieving it. Reference Rich, M. (2006). â€Å"A Stirring Family Drama Is a Hit (in Paperback)† . The New York Times. http://www. nytimes. com/2006/07/13/books/13memo. html? _r=1. Retrieved on 2009-07-05

Questions On Human Resource Management - 2550 Words

Table of Contents Introduction ------------------------------------------------------------------------- 02 1.1 Definition of strategic human resource management ------------------------------ 02 1.2 Importance of human resource management in organisations ------------------ 02 1.3 Analysis of the framework of strategic human resource management. ---------- 03 2.1 Analyse the strategic human resource process ----------------------------------- 04 2.2 Assess the roles in strategic human resource management ---------------- 05 2.3 Analyse development and implementation of human resource strategy -------- 06 4.1 Identification of contemporary issues that influence human resource management. ------------------------------------------------------------------------------ 06 4.2 Analysis of the contemporary issues in strategic human resource management -07 3.1 Identification of a range of HR strategies for an organisation ------------------- 08 3.2 Assessment of HR strategies and their application in an organisation --------- 09 Conclusion ----------------------------------------------------------------- 10 References ------------------------------------------------------------------------------------- 11 Introduction Human isShow MoreRelatedQuestions On Human Resource Management1730 Words   |  7 PagesBusiness Etiquette in Japan 6 Conclusion 7 Introduction Human Resource Management is one of the most important functions in an organization designed primarily for the management of people within the organization, focusing on systems and policies. Also known as HR it typically undertakes a number of activities such as employee recruitment, employee benefits, training development, rewarding and performance appraisal. With Human Resource being so complex it also faces a lot of challenges especiallyRead MoreQuestions On Human Resource Management2878 Words   |  12 Pages ARISE: A Destination-for-a-Day Spa Case study analysis Rick (Yingchuan) Wang HRT 650: Human Resource Management in the Hospitality Industry Dr. Gary A. Hamilton March 4, 2015 Introduction Analysis ARISE was a Dallas-based destination spa built in May 2009 by Kristen Chambers, an entrepreneur and a devotee to spa treatment, with herself being the President and CEO. The business of ARISE was structured into two units with the VP of business operations, Sam Solti, responsibleRead MoreQuestions On Human Resource Management2511 Words   |  11 PagesName: Thenjiwe Chiriso. Student ID: 81488. Subject: Human resource management in the health care. Tutor: Ashley Page. Assessment 2: Literature review. Due Date: 17 April 2015. Introduction This paper is a review of literature on recruitment and selection processes. The aim of this paper is look at four research articles, some are qualitative and some are quantitative. It analyses the strength weakness of recruitment and selectionRead MoreQuestions On Human Resource Management1347 Words   |  6 PagesBUHRM5912 HUMAN RESOURCE MANAGEMENT Assignment Title: HRM functions must be integrated with each other and with strategic issues if they are to make a contribution to HR outcomes or the â€Å"bottom line† for the organisation. Discuss this statement, with reference to relevant HRM structure. Student Name: Uzair Aziz Student ID: 30131135 Lecturer/Tutor: Genna Kaur Word Count: 1700-1900 Date of Submission: 22nd August’ 2014 Table of Contents 1. Executive Summary 1.1 Introduction Human resource managementRead MoreQuestions On Human Resource Management Essay1742 Words   |  7 PagesBy: KOMAL Answer 1. Human resource Management is very important in every organization. It satisfies the needs of man power and creates an atmosphere where all employees can work together to achieve the goals of an organization. HRM role is to plan how to recruit right people and give experienced and well trained workforce to organization.It makes plans for training and development of hunman resource in an organization.The main functions of Human Resource Management in an organization are givenRead MoreQuestions On Human Resource Management1498 Words   |  6 PagesISSUE IN HUMAN RESOURCE MANAGEMENT Prepared by: Muhammad Salman Sami Roll # 1301064 What is HRM? Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. CURRENT ISSUE IN HRM INTRODUCTION Fundamentally, HRM is based on the assumption that employees are individuals with varying goals and needs and Human resources departmentRead MoreQuestions On Human Resource Management Essay2264 Words   |  10 Pages1. Background 3 1.2. Location 3 2. SCOPE MANAGEMENT: 4 a. To Visit the Site Investigate: 4 b. Catchment Analyses 4 c. HEC-HMS Modeling: 4 d. To design a detention basin: 4 e. Water quality quantity management: 4 3. HUMAN RESOURCE MANAGEMENT: 5 4. THE INTEGRATION MANAGEMENT 6 5. WORK BREAKDOWN STRUCTURE 7 6. NETWORK DIAGRAM 7 7. THE PROCURMENT PLAN: 8 8. TIME MANAGEMENT 9 9. COST MANAGEMENT 10 10. THE COMMUNICATION MANAGEMENT 11 11. RISK MANAGEMENT: 11 12. â€Å"RFT (Request for tender)† 12 13.Read MoreQuestions On Strategic Human Resource Management Essay7145 Words   |  29 Pagescontext of NZ organizations Conclusions Recommendations References Appendices Executive Summary Strategic Human Resource Management is an approach to the management of human resources that provide a strategic framework to support long- term business goals and support. This approach is concerned with structure, culture, values, quality commitment and matching resources to future needs. It is to ensure that a company has right people to do right jobs with the required skills, knowledgeRead MoreHuman Resource Management: Questions and Answers4846 Words   |  20 PagesQUESTION ONE Introduction Humans are an organization s greatest assets; without them, everyday business functions such as managing cash flow, making business transactions, communicating through all forms of media, and dealing with customers could not be completed. Humans and the potential they possess drive an organization. Today s organizations are continuously changing. Organizational change impacts not only the business but also its employees. In order to maximize organizational effectivenessRead MoreQuestions On International Human Resource Management Essay1716 Words   |  7 Pagesstudy Please find completed case study on International Human Resource Management-Padi Cepat on the basis for your reading and action. Sign: Name: Patel Nimisha Paper Title International Human Resource Management Paper Code 95.892(B) Term 1 2015 Lecturers : Dr. Robert Khan