Production-Possibility Frontier Essays

Production-Possibility Frontier Essays Production-Possibility Frontier Paper Production-Possibility Frontier Paper Production-possibility frontier In economics, a production-possibility frontier (PPF) or â€Å"transformation curve† is a graph that shows the different quantities of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points along the curve describe the trade-off between the two goods, that is, the opportunity cost. Opportunity cost here measures how much an additional unit of one good costs in units forgone of the other good. The curve illustrates that increasing production of one good reduces maximum production of the other good as resources are transferred away from the other good. edit] Productive efficiency, opportunity cost, and allocative efficiency The production possibilities curve shows the maximum feasible (obtainable) amount of one commodity for any given amount of another commodity, as of the societys technology and the amount of factors of production available. The concept is used to show the options open to a firm, individual, household, or economy for a 2-good world. In microeconomics, the 2-good case readily generalizes to the n-good case. In macroeconomics, it illustrates the production possibilities available to a nation or economy (corresponding roughly to macroeconomic notions of potential output at a given point on the curve) for broad categories of output. All points on a production possibilities curve are points of maximum productive efficiency or minimum productive inefficiency: allocated such that it is impossible to increase the output of one commodity without reducing the output of the other. That is, there must be a sacrifice, an opportunity cost (given by the slope of the curve in absolute value), for increasing the production of a good by one unit. Conversely, points inside the frontier are feasible but productively inefficient. Point A in the diagram for example, shows that FA of food and CA of computers can be produced when production is run efficiently. So can FB of food and CB of computers (point B). For a firm, a point on the curve is productively efficient but, given market demand, could be less profitable than another point on the curve. Equilibrium for the firm with given resources is at the most profitable and productively efficient point on the PPF. There is a parallel for an economy as well. It may have productive efficiency but not allocative efficiency. Markets and other institutions of social decision-making (such as government, tradition, and community democracy) may lead to the wrong combination of goods being produced (and the wrong mix of resources allocated) compared to what individuals would prefer, given what is feasible on the PPF. All points to the right of (or above) the curve are infeasible for given resources. A move from point A to point B indicates an increase in the number of computers produced. But it also implies a decrease in the amount of Food produced. This decrease is the opportunity cost of producing more computers. As mentioned, the two main determinants of the curve are production functions (reflecting the available technology) and available factor endowments. If the technology improves or the supplies of factors of production increase, the production possibility frontier shifts to the right (upward), raising the amount of each good that can be produced. A military or ecological disaster might move the PPF inward and to the left. In neoclassical economics, production possibility frontiers can easily be constructed from the contract curves in Edgeworth box diagrams of factor intensity. In other interpretations (often seen in textbooks), the concave production-possibiliity frontier reflects the specialized nature of the heterogeneous resources that any society uses: the opportunity cost of shifting production from one mix to another (e. g. , from point A to point B) reflects the costs of using resources that are not well-specialized for the production of the good which is being produced in greater quantity. The line curve in Figure is not straight but is concave to the origin (that is, curved inward toward the axes). This can represent an assumed disparity in the factor intensities and technologies of the two sectors. That is, as we specialize more and more into one product, the opportunity costs of producing that product increase, because we are using more and more resources that are poorly suited to produce it. With increasing production of computers, workers from the food industry will move to it. At first, the least qualified (or most general) food workers will help start making computers. The move of these workers has little impact on the opportunity cost of increasing computer production: the loss in food production will be small. This cost of successive units will increase as more of specialised food manufacturers are attracted. For example, in the second diagram, the decision to increase the production of computers from 5 to 6 (from point Q to point R) requires a minimum loss of food output. However, the decision to add a tenth computer (from point T to point V) has a much more substantial opportunity cost. The the neoclassical interpretation, if the factor intensity ratios in the two sectors were constant at all points on the production possibilities curve, the curve would be linear and the opportunity cost would remain the same, no matter what mix of outputs were produced. In other interpretations, a straight-line production-possibiliity frontier reflects a situation where resources are not specialized and can be substituted for each other with no cost. Products requiring similar resources (bread and pastry, for instance) will have a nearly straight PPF, hence constant opportunity costs (when increasing production rates). [edit] The marginal rate of transformation The slope of the production-possibility frontier (PPF) at any given point is called the marginal rate of transformation (MRT). It describes numerically the rate at which one good can be transformed into the other. It is also called the (marginal) opportunity cost† of a commodity, that is, it is the opportunity cost of X in terms of Y at the margin. It measures how much of good Y is given up for one more unit of good X or vice versa. The shape of PPF is commonly drawn as concave downward to represent increasing opportunity cost with increased output of a good. Thus, MRT increases in absolute size as one moves from the top left of the PPF to the bottom right of the PPF. Marginal Rate of Transformation If, for example, the (absolute) slope at point BB in the diagram is equal to 2, then, in order to produce one more computer, 2 units of food production must be sacrificed. If at AA for example, the marginal opportunity cost of computers in terms of food is equal to 0. 25, then, the sacrifice of one unit of food could produce 4 computers. The marginal rate of transformation can be expressed in terms of either commodity. The marginal opportunity costs of computers in terms of food is simply the reciprocal of the marginal opportunity cost of food in terms of computers.

Gun Control in U.S Article Example | Topics and Well Written Essays - 500 words

Gun Control in U.S - Article Example The topic about gun control is facing massive controversy in the United States. However, a solution have to be found since people should not fear going to the public places including schools, malls, movies and the likes. The safety of the nation has to be resurrected. An important reason for the control of the guns is due to the number of healthy lives that are lost due to violence using guns. In the United States, over 8000 murders with guns are recorded every year (Doeden 234). The other survivors of gun violence would then be added into the list of individuals with health problems further adding up on the government’s expenditure in the health sector. In addition, easy access to guns make suicide attempts to be more successful. Suicide is another problem that claims the lives of the healthy generation in the United States and the globe at large. The suicide rate in the US is tragically high at 12 per 100,000 individuals. Firearms are used for half of these suicides. Guns are weapons of war and a whole way of life of an individual is ended abruptly or altered adversely by just squeezing a trigger. Most of the murders that are completed using guns are often crimes of passion. These crimes happen among people who knew each other well enough. When an intense argument arises, the presence of a gun makes murder or maiming far much possible. There are also other numerous cases of kids gaining access to guns. They have no idea that the gins are loaded and they start playing the typical kids shooting game where they pretend to shoot another. However, they end up shooting and killing the other sibling since they did not realize that the gun is loaded. It is also evident that most of the guns that het into the hands of criminals are stolen from homes, or from cars. When burglars break into private homes, the first thing they look for is guns. Thus, it is important for the government to exercise the policy of gun control in

General Movie Tourism in New York Essay Example | Topics and Well Written Essays - 250 words

General Movie Tourism in New York - Essay Example New York City has a large number of tourist attractions that serves close to 54 million foreigners as well as American nationals in each year. Some of the major tourist attraction sites include Ellis Island, Empire State Building Metropolitan Museum of Art, Broadway Theatre Productions, Statue of Liberty Rockefeller Center, Times Square, Coney Island, and Barclays Center among others. The tourists also visit the many TV scenes recording places as well as movie centers. Some of the TV shows and movies acted in New York include Taxi Driver, Sex and the City, Friends, Seinfeld among others. Many movie theatres are visited by tourists who consider them as huge attraction sources. However, despite all these major tourist attraction sites and destinations, movie tourism that forms part of them has not been fully exploited. The paper, therefore, seeks to explain how movie tourism can be developed as the leading tourists’ attraction points in the city of New York. This topic is of gre at importance to because it sought to address a key component of the American economy which is tourism. My deep interest in this topic stems from the inner desire to express the role that movie tourism which many people know little about has impacted positively on tourism. Research methods to be used for the purpose of this study include both qualitative and quantitative research methods and a total of 50 people are to be interviewed. I will be able to speak to these people and I am allowed to speak to them.

As I Walked Out One Evening | Analysis

As I Walked Out One Evening | Analysis There is a certain level of hesitation that is often experienced when it comes to ones acceptance of time. One may see this uncertainty not only in others but perhaps in his or her own perceptions. There is much speculation surrounding time and what happens when ones time on earth finally reaches its end. The nature of time, in itself, is a scary reality. Not only does time play a very personal role in the lives of all of humanity, but it also plays a prominent part in many of the works included in modern and contemporary poetry. We see the positions of various poets when it comes to the concept of time, whether it be a position of optimism or pessimism. There is one thing that is certain, however; one never knows when his or her time on earth is up. Time is, essentially, all we have. W. H. Audens As I Walked Out One Evening, can be viewed as a prime example of a poem which revolves around the theme of the finite nature of time. A background set to match this exchange between mortality and eternity is the brimming river (5) where the speaker stops to listen to the lovers. The river is used as a metaphor for Time because of the way it flows: it goes on endlessly and goes on even as we do not. No matter what small connection we may make with the water in the flowing river, it keeps flowing past us. No matter how hard we may try we could never stop the river from flowing. Similarly, the bells of the clock tower remind us of the Time that is passingthe time that will not stop for us: The underlying theme of Time is the cycle of life or perhaps the rotation of the seasons. The speaker may already be thinking about the passing seasons of his own life when the crowds remind him of harvest wheat. Auden portrays the wheat in terms of time: fall is frequently used as a metaphor for old age. It is the final stage of the life cycle; the flowers have blossomed and the cold winter is on its way. Here the speaker sees the crowd and is perhaps reminded of the cycle we all experience as we head towards our elder years. Even the young lovers will grow pale with old age, just as into many a green valley / Drifts the appalling snow (33-34). There is tragedy that lies in beauty and youth; neither of them last and eventually we grow old and disintegrate. Auden metaphorically portrays Time in terms that are almost disturbing, as it dwells in the burrows of the nightmare (25) and watch the lovers from the shadows. It pauses just until they are about to complete their love with a kiss before it coughs and interrupts with its opposition. The same church bells that chime the hour also ring for the dead and on this night near the river both bells have the same sounds. The speaker, as he walks along the river down Bristol Street, may have found himself further down that lane than he anticipates, as he ends up somewhere between the lovers and all the clocks in the city (21). Standing there as the bells ring, he loses track of time, hearing a complete song in reply to the lovers singing. He soon realizes how much time has passed: It was late, late in the evening, / The lovers they were gone (61-62). Here, we see the speaker as he spends his time observing others. In the process, he never gets to experience his own life, on his own time. As so on as he knows it, a great deal of time has passed; so much in fact, that the lovers have gone away-indicating that they have used up their own mortal time on earth and the speaker has wasted a great deal of his own time through his relentless observation of them. The poem incorporates two different ideas conveyed by the songs. Auden ultimately invites us to evaluate the viewpoints of the lover and the clocks that are clearly at odds with one another. The lover argues that love is everlasting and eternally young while the clocks assert that all of life, including love, is subject to time and decay. Although Auden does not want o deny the lovers optimism, he ultimately gives more acknowledgment to the clocks practical outlook. The clocks song is less emotional and more detached than the lovers. They whirr and chime and dispute that time is more powerful than anything human, even love: Time watches from the shadow / And coughs when you would kiss (27-28). Time is a silent and inevitable force that disrupts even the most joyous of moments and can replace a kiss that brings people closer, with a cough that pushes them apart. The clocks uphold that Time is the triumphant force since it is a race that can never be won by humanity and there are never any exceptions to its limits nor are there any survivors of its boundaries. As the clocks describe it, In headaches and in worry / Vaguely life leaks away (29-30). The clocks go on and we see that time not only presents trivial worries such as headaches, but it also carries greater dangers: The glacier knocks in the cupboard, / The desert sighs in the bed, / And the crack in the tea-cup opens / A lane to the land of the dead. The items mentioned are all objects foun d in ones home. The greater powers of the external world can infiltrate even such personal places as the ones we call home. Even death, perhaps the greatest threat of all, can make its way into this domestic place. The cracked tea-cup represents the effects of time. It is evidence that things diminish as time goes by and it illustrates the human condition. We are, essentially, born to die because Time is bound to take its course. Auden personifies the clocks by giving them the ability to speak. In reality, these clocks do not have the capacity for human language. The clocks argument, like the lovers, may well be taking place inside the poets head. The poet is thinking about the nature of human life, and in the clocks song there are several references to vision as well as literal reflections. In one of the clocks songs, the clocks urge: O look, look in the mirror, O look in your distress; Life remains a blessing Although you cannot bless. (49-52). Here, the mirror portrays an image of sorrow while the downbeat voice of the stanza is fit by the statement that Life remains a blessing (52). Nonetheless, the clocks make it clear that humans are not capable of valuing the joys of life and give one final order: You shall love your crooked neighbour /With your crooked heart (55-56). The clocks song cuts the lovers optimism and certainty short. Auden gives the clocks three times as many stanzas as the lover to state their ideas about life, love, and time. This imbalance, along with the fact that the clocks get the last word in the discussion, demonstrates that their viewpoint is the prevailing one. The clocks do not, however, get the last word in the poem. In the final stanza, the speaker is finished quoting them and returns to speak in his own voice. Many hours have passed since the start of the poem. The crowds, along with the lovers, are gone. The sounds of clocks have stopped and the poem concludes the deep river ran on (60) This line hints towards hopefulness as it may indicate that the cycle presented in the poem will recur and that lovers as well as those who believe in love, will again sing of their hopes and passions, despite the dire assertions of clocks and other reminders of the reality of time. On the contrary, the concluding line may be disparaging-the river seems to be symbolic of times unyielding onward motion. The river appears to have little concern for the human world and is unchanged by joy and grief. In spite of the inevitability of human fate, nature and time will continue to move forward with or without us, as it has done for countless years. Auden seems to advance the clocks message over the lovers perhaps becau se he cannot refute the fact that love is stifled by the complexities and boundaries of life. On the other hand, poetry, unlike love or the life spans of human beings, has the potential to forwardly and eternally progress. As I Walked Out One Evening and other poems must end, however, poetry as a figure of human accomplishment, has the chance to live on.

Jewish Art :: essays research papers

Jewish Art On many occasions art has the power to tell a story or even express how someone feels. The speaker on Jewish art was very interesting. She translates many Jewish stories and commandments while portraying it through art. Very few people can accomplish this but I thought she did a pretty good job of it. Her pieces once explained told great stories of Jewish history. One thing that I found very iteresting was her idea of adding new riuals to the jewish religion through her art. I'm glad that I have always liked art because it helped me to understand her feelings towards it. The speaker showed a lot of enthusiasm and love for her art. She seemed to be very care-free and almost worry free. I though she was very cool and really did a good job of expressing her feelings toward her art. One important aspect of her art was that for her seeing her pieces come out of a fire was a reward in itself. She was not in it for the mmoney or material rewards. I think a lot of times people are only in it for material reward and it gets in the way of great art. It seems to me that this helped her to become such a good artist   Ã‚  Ã‚  Ã‚  Ã‚  Her focus was mainly on very well known Jewish objects. Some of these include Menorahs, Sadaka boxes, and Mezuzahs. These where very evident part of her slide show. All of them were very obscure and odd looking but each told a storyf which only she knew. At first glance they were not so great but after her explanation they became beautiful.   Ã‚  Ã‚  Ã‚  Ã‚  Her idea of creating new rituals for our religion through art really striked me. I found her ideas to be very interesting because it was som   Ã‚  Ã‚  Ã‚  Ã‚  I think that many times Judaism is expressed through art because there are so many beliefs on what it means to be a Jew. Many people cant explain how they fell in words so , in this case, a more fun and interesting way was used. Even though many religious people don't agree with this way of expression I feel that it is obviously better than nothing.   Ã‚  Ã‚  Ã‚  Ã‚  It was evident that the Holocaust Had a major influence on her works. She said that she liked the fact that even after her pieces were burned they

How Authors Affected the Frontier Movement Essay

The Frontier Movement is a period in American history that refers to the westward movement of Americans toward the Pacific Ocean during the mid-1800s lasting until the early 1900’s. This movement was characterized by an expansionist zeal for opportunity and adventure, but was also heavily characterized by widespread social oppression and reform. It was during this time that both authors and reformists were inspired to write and share their ideas, many of which called attention to the often ignored social injustices of the time. These author’s ideas not only were inspired by the movement (the beginning of American Literature), but also heavily fueled and contributed to the movement in return. Authors Mark Twain and Susan B. Anthony, for example, played an important role in the frontier movement through their writings as they used these to convey the feelings they held toward America’s crooked social discrimination and socio-economic disparities. Mark Twain and Susan B. Anthony are considered to be two of America’s first American Literature authors. Mark Twain, known as the â€Å"Father of America Literature†, became an author in the West after the end of the Civil War. Susan B. Anthony, known as one of the first women’s activists, works focused mainly on the gender inequality customary of the time. Both of these author’s works are recognized as being bold and reflecting much of the American frontier movement’s attitude and ailments. Their works helped fuel their readers understanding of who they were and helped inspire their audience in the spirit of the frontier movement. Mark Twain’s works often embodied the newly discovered American frontier spirit of individuality and adventure. His works were both entertaining and encouraged Americans to create their own destiny. This was both a popular and significant notion during the frontier movement as it embodied the idea’s Americans had about expanding westward in search of a new life. In addition to his inspirational and humorous works, his writings also addressed the social discrimination he witness during the era of the frontier movement. Many of his works, like Huckleberry Finn for example, showed the possibility of bringing change to a world dominated by racism and foolishness. His works both captured American’s imagination, inspired American’s frontier attitude, and called attention to social wrongs. Susan B. Anthony’s works focused more on the boldness of the American. Rather than idolizing the spirit of America, she often called Americans out on the social injustices prevalent throughout America during the frontier era and promoted change. She called attention to both American racism and especially gender inequality. While Americans were beginning to identify the distinctly American characteristics they took pride in, Susan B. Anthony identified the aspects of American life that Americans came to realize they should be ashamed of. Her writings and causes were bold, reflecting the rugged American Spirit, but her works also helped shape the social aspects of the American Frontier movement. The frontier movement of America marked the beginning of American identity, and thus the beginning of American Literature. It was this movement that influenced the works of becoming authors, many, who in turn, influenced the frontier movement. Mark Twain and Sarah B. Anthony both contributed to the frontier movement through their writings in that they helped Americans realize their identity. During the frontier movement, Americans began to see themselves as an adventurous and bold people, and it was these authors who helped Americans gain and develop an understanding of who they were, even though their ideas were often negative. In short, by providing Americans with literature about who the American people were, the authors helped inspire Americans to express this new attitude of adventure and recognize American social values in the Frontier Movement.

A Short Note On Diabetes And Diabetes Mellitus - 1545 Words

Diabetes is a disease that plagues many individuals, causes adverse health problems, and if left uncontrolled can lead to premature death. Diabetes Mellitus is characterized by unstable glucose levels and has 3 different forms: Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes. This research paper will focus on Type 2 Diabetes Mellitus (T2DM). Type 2 diabetes is a chronic disease in which insulin is not produced sufficiently or non-existing within the pancreas, causing an increase in the bodies blood glucose levels (U.S. National Library of Medicine, 2014). Gestational diabetes mellitus is when a pregnant woman develops insulin resistance during pregnancy; generally, women return to normal glucose levels after pregnancy, but†¦show more content†¦The goal of the American Diabetes Association (ADA) (2014) is to reach out to these communities, provide resources for the population affected and improve the lives of the people who suffer with diabetes. Though the ADA does not actually provide healthcare services they target various ethnic populations within the community; provide its residents with resources on how to manage and treat prediabetes and diabetes. Por tu Familia is an outreach program that is specifically designed to provide resources and educate Hispanic communities around the United States. â€Å"Diabetes is an urgent health problem in the Latino community. Their rates of diabetes are almost double those of non-Latino whites,† (American Diabetes Association, 2014). While improving and revamping this existing program, Por tu Familia Dos, can create a greater knowledge within the community about how to treat and care for prediabetes and diabetes amongst the Hispanic population. Por tu Familia Dos has a target population that includes individuals of all ages, males and females, who have Type 2 Diabetes and are accustomed to dealing with diabetes on their own. The majority of the projected participants are from lo w income families and individuals with lower education levels within a specific community. The program will provide participants with additional resources of how to treat, control and monitor their diabetes. Data Collection This preliminary program will take place in Sunnyside, WA and will be