Introduction to the Economic Term Supply

In economics, the supply of a particular good or service is simply the quantity of the item that is produced and offered for sale. Economists refer to both individual firm supply, which is the quantity that a single firm produces and offers for sale, and market supply, which is the combined quantity that all firms in the market together produce. Supply Is Based on Profit Maximization One assumption in economics is that companies operate with the single explicit goal of maximizing profits. Therefore, the quantity of a good supplied by a firm is the amount that gives the firm the highest level of profit. The profit that a firm makes from producing a good or service depends on a number of factors, including the price that it can sell its output for, the prices of all of the inputs to production, and the efficiency of turning inputs into outputs. Since supply is the outcome of the profit maximization calculation, its hopefully not surprising that these determinants of profit are also the determinants of the quantity that a firm is willing to supply. Implicit Time Units It doesn’t really make sense to describe supply without mentioning time units. For example, if someone asked â€Å"how many computers does Dell supply?† you would need more information in order to answer the question. Is the question about computers supplied today? This week? This year? All of these time units are going to result in different quantities supplied, so it’s important to specify which one you are talking about. Unfortunately, economists are often somewhat lax about mentioning the time units explicitly, but you should remember that they are always there.

Elementary Secondary Education Act Of 1965 And Its...

Education is valued as one of the most important aspects of socio-economic group mobilization and social elevation in the United States. Operating under a human capital ideology education in the U.S. is a means to provide education to individuals in an effort for continued economic advancement for our nation. However, as times change education fails to completely change with it. Secondary education is no longer seen as a means to earning financial stability. Primary education encompasses complexity of issues that still remain to be addressed wholly. With the creation of the U.S. Constitution states are given power to construct education. Educational reform continues to be complex with ever changing politicians and platforms failing to have the time to create long lasting systematic changes but also not fully grasp educational challenges collectively. Educational reform such as Elementary Secondary Education Act of 1965 and its versions No Child Left Behind Act and Every Child Succe eds Act 2015 has changed the way students learn and teachers teach. The need for continued educational innovations is of the utmost importance. We as a society continue to strive for creating organizational policies and pedagogies that not only enhance research but a allow for a greater society understanding and applicability to enhance education for millions. Innovation is a term I’ve frequently heard in the realm of business and technology implying new and or different methods leading toShow MoreRelatedNo Child Left Alive: A Critique of No Child Left Behind Essay example1573 Words   |  7 PagesNo Child Left Alive No child left behind does nothing but dishearten the students who are proving to be ahead of the average student from wanting to improve. While the struggling students are simply carried from one grade to the next. 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Curfews Essay Research Paper Curfews unfair ineffective free essay sample

Curfews Essay, Research Paper Curfews unfair, uneffective, and unconstitutional When you hear politicians and constabularies speaking about acquiring tough on # 8220 ; juvenile offense, # 8221 ; you may conceive of a school shot, like those that have late occurred in Jonesboro, Arkansas, and Springfield Oregon. Others may remember Television cartridge holders of immature people, sometimes covered by masks or paper bags to conceal their individualities, being dragged off in handlocks, as the telecasting speaks of coursers runing from colza to robbery. But in America today, more childs are arrested for curfew jurisprudence misdemeanors so any other individual class of offense, including all violent crimes-combined. Everyone from jurisprudence enforcement to the President have endorsed tougher curfew Torahs as being the solution to America # 8217 ; s offense sufferings, though none have of all time cited existent informations to turn out that directing 142,000 childs through the justness system for being out excessively tardily each twelvemonth reduces offense. They assume that anything that takes childs off the streets must cut down offense. We will write a custom essay sample on Curfews Essay Research Paper Curfews unfair ineffective or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There is no justification to juvenile curfews ( which may explicate why the Supreme Court did non compose an sentiment on the affair ) . Restricting an American # 8217 ; s freedom of motion is an obvious trespass over the First Amendment, and to saunter around a park or public square is barely the # 8220 ; clear and present danger # 8221 ; to the community normally required for such an violation. USA Today has described the Torahs as doing it # 8220 ; a offense to be young. # 8221 ; The American Civil Liberties Union # 8217 ; s ( ACLU ) John Horwarth told the Washington Post that curfew Torahs infringe on the rights of # 8220 ; all people, including the immature, to # 8230 ; by and large move about without intervention from governments unless and until they are really making something unlawful.† But a metropolis city manager or councilman has no demand for such rhetoric. Why worry about the First Amendment when one can claim to be cut downing the offense rate, yet affect no electors? The Conference of Mayors conducted a study of 347 metropoliss with a population over 30,000. About 80 per centum of the surveyed metropoliss have a nighttime young person curfew, and 26 per centum of these metropoliss besides have a daytime curfew. Nine out of 10 of the metropoliss said that implementing the young person curfew was a productive usage of a constabulary officer # 8217 ; s clip. Many said curfews give constabulary clip to concentrate on older felons. Approximately 10 per centum of the metropoliss surveyed felt that curfew enforcement was non the best usage of an officer # 8217 ; s clip. Some metropoliss besides complained that curfews increase the sum of paperwork they must treat. And some noted there is nowhere to take juvenile lawbreakers if their parents aren # 8217 ; t place. The metropoliss that did non happen curfews a utile tool argued that nighttime curfews place the metropolis in the parental function and do more offenses during non-curfew hours. It is hard to conceive of a more blazing misdemeanor of Constitutional rights than the curfew Torahs which restrict the motions of teens countrywide. The Supreme Court has refused to hear instances oppugning such Torahs, such as the Washington State Supreme Court # 8217 ; s 1973 opinion which stated that # 8220 ; mere sauntering or lounging on a public manner is lawful and the right of any adult male, adult female, or child. # 8221 ; The Bill of Rights, seemingly, still is merely applicable to those whom the authorities wishes to affranchise.

The Rime Of The Ancient Mariner Changes Between The 1798 Text And The

The Rime Of The Ancient Mariner: Changes Between The 1798 Text And The 1817 Text The Rime of the Ancient Mariner: Changes and there effect In the 1798 and the 1817 text of the, The Rime of the Ancient Mariner, There are certain changes. Changes that effect the poem and the way that the reader sees the poem. Some of these changes include reading devices called glosses. There are many reasons for the glosses to be put into the poem. One of the reasons is to help the reader interpret lines in the poem that can be confusing. These glosses are a brief interpretation of the stanza, so that the reader will understand it the way that Coleridge intended them to. An example of this is: I woke, and we were sailing on As in a gentle weather ?Twas night, calm night, the moon was high: The dead man stand together The gloss reads as follows The supernatural motion is retarded The mariner awakes, and his penance Begins anew (1817; 61) The reader might not understand how to interpret the stanza; they could interpret however they wanted to. Coleridge placed the glosses in so that the reader would understand the Mariner woke up and realized that he had done his penance. These glosses are also there to make the text look more scholarly. It makes the text look a lot neater also. Another change that was made between the 1798 and the 1817 was the spelling. In the 1798 version of the poem the spelling is very old fashion. It makes the reader feel as if the poem was extremely old. In the 1817 text the spelling in the text is much more modern. It seems as if Coleridge was updating the poem to keep up with the times. I believe he wanted to keep people interested in the story so he updated the language to make it easer for people to under stand. Here is an example: The 1798 version: With throat unslack'd, with black lips bak'd Agape they hear'd me call:(1798,38) The 1817 version is written like: With throat unslacked, with black lips baked Agape they heard me call:(1817,39) The spelling in the 1798 text is obviously more of the old fashion way of spelling and grammar. The 1817 text, which was written 19 years later, is of a more modern grammar and spelling. In the 1798 text, the margins are indented every other line. I believe that Coleridge did this to keep the poem flowing. It looks different to somebody who is reading it. It looks more scholarly and old fashion. It almost seems, when a person is reading it, that the poem is being read to a rhythm. In the 1817 text the entire poem is moved over to the left margin. There are no indentations like in the 1798 text. I think that Coleridge possible changed the format of the poem, again, to a more modern format. The new format in the text makes the poem look more neat, and uniform. The 1798 version of the poem is longer than the 1817 version. I think that Coleridge changed the poem in certain places because he possible didn't feel satisfied with the way that he had written it the first time. He might have thought of different ways to tell the story and so he revised it so that the readers can see the story in a different light. The stanzas that he took out did not affect the story in such a way that it changed it, but it did change the story so slightly, that the reader has a different feel for it. I think that all these changes affect the way that the reader sees the story. It keeps it more interesting for the reader. It also may attract a younger group of readers who understand the text better with all the changes. A younger group of readers may not understand the old version, especially with no glosses, so the newer version helps them to interpret the poem easer. Bibliography Work cited page 1) Coleridge, Samuel Taylor, the Rime of the Ancient Mariner; Complete, Authoritative Text of the 1798 and 1817 Versions with Biographical and historical Contexts, critical History, and essays from contemporary critical perspectives. Ed. Paul H fry, Boston; Bedford/St Martin's; 1999