Bus640 Managerial Economics Essay example - 944 Words

Week 2 Assignment Crystal G Tanner BUS640: Managerial Economics Brian Shaw April 23, 2012 CH 3. 2. Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR = 1,000 - 10P How much pollution reduction should Appalachian Coal Mining undertake? Set MC = MR and solve for P 40P = 1000-10P 40P + 10P = 1000 50P = 1000 P = 1000/50 P = 20 units of†¦show more content†¦If each security guard is paid $200 a week and the cost of a stolen radio is $25, how many security guards should the firm hire? @ 0 guards 50 (200*0) + (25 * 50) = 1250 @ 1 Guard 30 (200 * 1) + (25* 30) = 950 @ 2 Guards 20(200 * 2) + (25 * 20) = 900 @ 3 Guards 14(200*4) + (25*14) = 950 @ 4 Guards 8(200*4) + (25*8) = 1000 @ 5 Guards 6(200*5) + (25*6) = 1150 Therefore Twenty-first Century Electronics should hire two guards b. If the cost of a stolen radio is $25,what is the most the firm would be willing to pay to hire the first security guard? Guard one = (50 – 30) * 25 Guard one = 20 * 25 Guard One = 500 The first security guard would be paid the maximum amount 500 c. If each security guard is paid $200 a week and the cost of a stolen radio is $50, how many security guards should the firm hire? MC = 200 Marginal Benefit (4) = (14-8)*50 MB = 6 * 50 MB = 300 TB = (50-8) * 50 – (4*200) = 1300 Therefore they should hire four guards @ $ 50 cost of stolen radio CH 4. 1. The director of marketing at Vanguard Corporation believes that sales of the company’s Bright Side laundry detergent (S) are related to Vanguard’s own advertising expenditure (A), as well as the combined advertising expenditures of its three biggest rival detergents (R). The marketing director collects 36 weekly observations on S, A, and R to estimate the following multiple regression equation: S = a + bA + cR where S, A, and R areShow MoreRelatedEssay about Shrewsbury W1A BUS6401101 Words   |  5 Pagesï » ¿ Economics of Risk and Uncertainty Applied Problem Jessica Shrewsbury BUS640 Managerial Accounting Instructor Choi February 23, 2015 Economics of Risk and Uncertainty Applied Problem Problem 1: A generous university benefactor has agreed to donate a large amount of money for student scholarships. The money can be provided in one lump sum of $12 million in Year 0 (the current year), or in parts, in which $7 million can be provided at the end of Year 1, and another $7 million can be providedRead MoreUnemployment and People2492 Words   |  10 PagesUnderemployment Tiffany Allen BUS640 Prof Michael Blagg September 19, 2011 Executive Summary The down turn of the economy has stirred up some issues that most people were not prepared to deal with. The unemployment rate is at a petrifying rate and the worst part is that it is even worse than it looks. There are many factors in addition to the unemployment rate alone that are going to prolong the recovery of the job market. In this paper, â€Å"underemployment† is defined and explained in terms

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John Coltrane Free Essays

To the public he is known Just as another Jazz musician but for those with a more in depth music appreciation he remains one of the most significant saxophonists in jazz history. John â€Å"Trans† Chlorate’s impact on the music world was quite considerable. By revolutionize music with his own techniques Chlorate changed jazz music forever. We will write a custom essay sample on John Coltrane or any similar topic only for you Order Now Chlorate was a American Jazz saxophonist, composer, bandleader, and iconic figure of the twentieth century. As a Jazz singer and Jazz enthusiast myself, Chlorate’s techniques and music is not on impacting but created an emotional connection between Jazz and me. Author Lewis Porter says Chlorate was â€Å"one of the great musical artists of the twentieth century’ (Porter 1) in his book â€Å"John Chlorate: His life and music†. I chose to read about Chlorate because of his great influence on me involving my newfound love for Jazz. His life and achievements amazed me Just as much as the first time I heard his melodies come out of his tenor saxophone. His use of modes in Jazz later helped pioneer new beginnings in free Jazz and influence a plethora of future generation musicians. Lewis Porter, a professional Jazz scholar and performer, meticulously researched Chlorate’s life and wrote about his success despite having a very demanding lifestyle. Dedicating his life to music at a very young age by playing the clarinet and then eventually moving on to play in a Ana band in Hawaii for a year after discovering the Be saxophone was all difficulties he faced early on in his life. The tasks themselves weren’t difficult but experiencing them all at the age of twelve soon after his aunt, grandparents, and father passed away within a few months of the same year these tasks became almost impossible. After his fathers death Chlorate’s performance in school changed drastically. Rather than being a top student, he became an indifferent student, earning many Co’s† (Porter 18). Although his determination for schoolwork declined it seems that after his father’s death music was Chlorate’s safety net. â€Å"He began playing music around this time and it may be true that perhaps music was too much on his mind. But more to the point, his obsession with music was a way of dealing with the tragedies in his life† (Porter, 18). Another obstacle Chlorate was forced to deal with was segregation. Although violence was not something commonly mound in Chlorate’s town â€Å"there were constant reminders of second-class status† (Porter 19). Schools, restaurants, fountains, and more were segregated. â€Å"If the white schools got new books one year, the blacks might have got them a few years later. They got used books from the white schools† (Porter 19). Due to the hardships of segregation, Chlorate, his mother, and sister desperately tried to better their lives. After his fathers death John Chlorate’s family soon went from middle class to poor. Chlorate’s cousin, who lived with Chlorate for many years, recalled, â€Å"after his father eased, things changed. Our mothers had to go to work, and my aunt and my mother worked together at a country club. John used to shine shoes there. No one really knew how we lived, but we had to rent our bedrooms and we all slept downstairs. My mother, John, and I all slept in the dining room. We had cots. And John was sick there, he had some sort of- not asthma, but we had to sit up with him at night. This went on for a long time† (Porter 20). During Chlorate’s senior year of high school his mother decided to move to Philadelphia to obtain a greater income. Sure enough Chlorate radiated from High Point High School along with the superlative â€Å"Most Musical†. After graduation he bought an apartment with his mother in Philadelphia. Along with the apartment Chlorate’s mother bought a piano. â€Å"Johns mother had a piano-a tall upright that housed a working player piano unit. John began to work toward becoming a professional Jazz musician† (Porter 24). Many say that John Chlorate was destined to be a musician. He was surrounded by music as a child. Before his father’s early death, Chlorate’s father had a love for music. His father played several instruments and his interests later influenced him. Not only was his father passionate about music but so was his mother. Chlorate’s mother was musical-she sang and also played piano’ (Porter 25) John Chlorate’s cousin said â€Å"we had a big radio in the living room that stayed on all the time. We listened to everything†¦ We listened to Frank Sinatra, everybody, you name it. He and I would turn the radio up loud so that we could hear it in the kitchen† (Porter 26). Chlorate’s first instrumental training was with a community band where he bean on an alto horn. At that time Chlorate said, â€Å"l hadn’t decided yet to become a repressions musician. I learned a little bit haphazardly, without any system, Jus enough to play a song or two. This was my first contact-so to speak- with music† (Porter 28). Around the fall of 1940 is when Chlorate fist became interested in the saxophone. Chlorate chose the sax because of his admiration for tenor saxophonist Lester Young. Soon Chlorate mastered the tenor saxophone. â€Å"There was a room in his house he would use Just to practice. He played everyday, all day long. And then he would stop to get ready to go to work that night. Music was really his life† (Porter 254). Not only was Chlorate a hard working musician, he was in a thriving city for the arts at the time, Philadelphia. Philadelphia nurtured a thriving Jazz community in the sass’s† (Porter 35). Lucky for Chlorate, right by his apartment was the Woodbine Club, â€Å"where local musicians would Jam on the weekends† (Porter, 36). As of 1945, right after graduating high school at the age of sixteen, Chlorate started to pick up on professional gigs and performances in Philadelphia. He soon b ecame close friends with a pianist and guitarist and formed a trio that performed in cocktail ears around the city. Soon after his trio formed Chlorate Joined the ‘musicians union’. Unfortunately, with World War II raging Chlorate was forced to put his music career in Philadelphia on hold once he was drafted into the Navy. Once discharged Chlorate bean to develop a new approach to music based off of multiple musicians he had encountered over the years. â€Å"Chlorate had been under the spell of Johnny Hodges, the celebrated loyalist from Duke Elongation’s band. Chlorate had a special penchant for romantic ballads that perhaps even dated back to his late father’s taste† (Porter 1). Chlorate was outgoing and put himself out into the music scene at a young age. He was not, as one might have thought, a great talent who took a long time to get recognized. He was, rather, someone who did not begin with obvious exceptional talent, and that makes his case all the more interesting-one can become one of the great musicians of all time and not start off as some kind of prodigy’ (Porter 44). John Chlorate came across many obstacles throughout his childhood and music career. Lewis Porter shared Chlorate’s story wonderfully, showing that the struggle he faced were not strong enough to stop him from doing what he loved to do, play music. Chlorate wanted his music to be a force for good, and I think it has been. One doesn’t have to be religious to find Chlorate’s expression of spirituality profoundly moving and important† (Porter 300). Even though Chlorate’s death was over fifty years ago, through his music he remains alive. Chlorate will be forever one of the best because of his accomplishments in the study of Jazz music. 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Desert Storm Essay Example For Students

Desert Storm Essay OutlineThe Second Persian Gulf War began August 2nd 1990, with the Iraqi invasion of Kuwait and ended March 3rd 1991 with the expulsion of Iraqi forces from Kuwait. There are three main reasons why Iraq invaded Kuwait. The main reason was that the small country of Kuwait was filled with oilrigs that Iraq claimed were taking Iraqi oil. Second, the Iraqis believed that Kuwait was a part of Iraq, causing many confrontations between the two countries. Finally, the Iraqis were angry about the First Persian Gulf War, in which they were defeated by Iran and its allies and received little help from Kuwait, whom the Iraqis thought of as an ally. The war itself began because Saddam Hussein, the leader of the Iraqi government, decided that the rest of the world would not defend Kuwait. So, on August 2nd, 1990 the Iraqi military invaded Kuwait and within days had the small country under control. Soon after this, the United States, along with the rest of the U.N. demanded that Hussein withdraw his forces. When he refused, the U.N. began to deploy troops into Saudi Arabia to plan a military strike on Iraq. On February 23rd the U.N. launched the ground war with over 3,000 tanks and 2,500 aircraft. Soon after, control of Kuwait had been regained and thousands of Iraqi soldiers had given up. Then, on March 3rd, 1991, Iraq accepted the terms of the cease-fire and the war was over. The effects of the war were many, for example the defeat of Iraq inspired Kurdish and Shiite rebellions within Iraq, weakening its already devastated military. Also, the economic and trade sanctions begun during the war continue to the present day, contribu ting to severe economic hardship in Iraq.