The Price Unlimited Corporation Has Invented The Engine Of...

The Futures Unlimited Corporation has invented the engine of rocket car. As the inventor, the company currently has a patent on this specific product. Only this firm has the exclusive right to control and distribute the quantity of this certain isotope of plutonium on the market. Therefore it is enjoying a monopoly and will maximize its profit. The profit maximizing behavior of a monopolist is explained below: Profit (Ï€) = Total Revenue (TR) – Total Cost (TC) = PÃâ€"Q – TC According to the FOC of profit maximization, we get dÏ€/dQ = (d(TR))/dQ - (d(TC))/dQ [Here P is not fixed] = MR – MC = 0 Therefore MR = MC As a result, a monopolist sets a price where its MR is equal to its MC. From the above figure, we can determine that the†¦show more content†¦A monopolist can also perform price discrimination. When different prices are charged by a seller for essentially the same product it is known as price discrimination. The monopolist often wants to segment the market according to the price elasticity of demand (e) and charge higher prices for those consumers with lower elasticity of demand, according to the mark-up formula. Therefore Futures Unlimited Corporation can also discriminate its price. Direct price discrimination can again be sub-divided into three categories – first-degree price discrimination, second-degree price discrimination, and third-degree price discrimination. With first degree price discrimination, every firm would like to charge a different price to each of its customers. If possible, the firm would charge each consumer the maximum price t hat consumer is willing to pay for each unit bought. The maximum price the consumers are willing to pay is known as the customer s reservation price. The act of charging each customer his or her reservation price is called first degree price discrimination or perfect price discrimination. In second degree price discrimination, price varies in according to quantity demanded. Within some markets, each consumer purchases many units of the good over any given period, and the consumer s demand declines with the number of units purchased. In this situation, a firm can discriminate according to the number consumed. This is

Reality and Illusion in Shakespeares Hamlet - Reality,...

Reality and Illusion in Hamlet Shakespeare’s play, Hamlet, begins with the appearance of a ghost, an apparition, possibly a hallucination. Thus, from the beginning, Shakespeare presents the air of uncertainty, of the unnatural, which drives the action of the play and develops in the protagonist as a struggle to clarify what only seems to be absolute and what is actually reality. Hamlets mind, therefore, becomes the central force of the play, choosing the direction of the conflict by his decisions regarding his revenge and defining the outcome. Shakespeare begins Hamlets struggle with recognition of Hamlets sincere grief and anger following his fathers untimely death. A taste of the conflict is expressed in the dialogue†¦show more content†¦(II.2 ln 547-585) He mistakenly awards the pretense the same degree of authenticity as his own reality receives. However, because of the disparity between the actors performance and Hamlets own actions, Hamlet gains needed motivation. He remains uncertain of the ghosts reliability, confused by the seemingly genuine grief of the actor. Nonetheless, it is this uncertainty that provides Hamlet with the less disturbing purpose of proving the ghosts story in contrast to the more daunting intention of murder. Now that the pressure has been lifted, Hamlet has the opportunity to ponder death, something that has demanded his attention since his fathers demise. In the famous soliloquy Hamlet attempts to discard the appearance of death to dissect the survival instinct of human beings. Why, when death appears to be the desired escape from a sea of troubles, do human beings refuse to succumb? (III.1 ln 59) Hamlet quickly grasps the inherent fear of the unknown present in the human psyche. This display of insightquickly disappears once Hamlet again faces emotional pressure. He somewhat maintains his ability to separate reality and appearance, but his intense passions stunt his efforts to remain on a direct course to his goals. Although indecision cont inues to plague him, Hamlet establishes the certainty of the ghosts claims of murder using a play, written by Hamlet himself and performed beforeShow MoreRelated Reality, Illusion, Appearance, and Deception in Shakespeares Hamlet1279 Words   |  6 PagesReality, Illusion, Appearance, and Deception in Shakespeares Hamlet   Ã‚  Ã‚  Ã‚   As appearances play an important role in todays society, so they also play an important role in William Shakespeares play Hamlet. From the first scene to the last, Shakespeare elaborates on the theme of appearance versus reality through plot and character.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The plays plot is full of incidents and events that are not what they appear to be. One such incident is Ophelias ambiguous death. When,Read More Reality and Illusion in Shakespeares Hamlet - The Deception of Appearance2133 Words   |  9 PagesAppearance versus Reality in Hamlet      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hamlet is organized around various pairs of opposing forces. One of these forces is the difference between that what seems and that which actually is, in other words, appearance versus reality. What is, and what merely appears to be? We can discern two principal angles from which this question is approached in Hamlet. First, we have the angle of inward and outward emotions, and the profound distinction that is drawn between them. In other words,Read MoreEssay about Appearance vs. Reality in William Shakespeares Hamlet1007 Words   |  5 PagesAppearance vs. Reality in William Shakespeares Hamlet In Hamlet, one of Shakespeares greatest tragedies, there is a prevailing theme that is concurrent throughout the play. 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AsRead MoreAppearence vs. Reality in William Shakespeares Hamlet Essay1671 Words   |  7 Pages amp;#65279;Appearance vs. Reality nbsp;nbsp;nbsp;nbsp;nbsp; In Shakespeare’s tragedy, Hamlet, there is a dominant and overwhelming theme that is concurrent throughout the play. Throughout the play, all the characters appear as one thing on the outside, yet on the inside they are completely different. The theme of appearance versus reality surrounds Hamlet due to the fact that the characters portray themselves as one person on the outside, and one different on the inside. In the play, ClaudiusRead MoreWilliam Shakespeare s Hamlet - Appearance Vs. Reality819 Words   |  4 Pagesany aid on this assignment. -MLM Appearance vs. Reality in Hamlet William Shakespeare’s Hamlet, reveals a consistent theme of appearance versus reality throughout the character’s actions. In many situations, honesty and sincerity appear to be present; however, in reality, dishonesty and deception are usually the character’s true intentions. Specifically, Rosencrantz and Guildenstern, Hamlet, and Claudius demonstrate the disconnect between appearance versus reality. Throughout the play, these charactersRead MoreComparision Of Hamlet With Rosencrantz And Guildenstern Are Dead1306 Words   |  6 PagesRosencrantz and Guildenstern are Dead (R and G†¦) by Tom Stoppard is a transformation of Shakespeare’s Hamlet that has been greatly influenced due to an external contextual shift. The sixteenth century Elizabethan historical and social context, accentuating a time of questioning had specific values which are transformed and altered in Stoppard’s Existential, post two-world wars twentieth century historical and soc ial context. 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Shakespeare explores challenging ideas of truth and deception through imagery developed by features of language throughout the play of Hamlet. Images of nature, unworldly ghosts, madness, the struggles of battle and symbols of juxtaposing colours are exploredRead MoreWilliam Shakespeare s The Ghosts 1116 Words   |  5 Pagescentury, instead, they turn up onstage (Greenblatt 151). As the main Renaissance English writers, William Shakespeare completely participates in the prevalent vogue for presenting ghosts onstage. Indeed, â€Å"participates† is an insufficient term: Shakespeare’s celebrated ghost scenes are signs of a profound interest that continue through virtually his entire career (156). Shakespeare saw that he could draw upon a range of traditions, including not only the classical Hades and the popular Hell but

My Life That Influenced My Development During The...

Martin Luther King Jr. (1965) once said, â€Å"We must learn to live together as brothers or perish together as fools.† This quote stuck has always stuck with me and that is because of living in many places and experiencing different cultures and societal norms; I cam to learn no matter where someone came from or where they have been, being part of the military no matter the branch is part of one big family. Throughout an individuals life they experience events, which have great influence on their development, whether it is good or bad. In this paper I will be covering various aspects about events in my life that influenced my development at during this point in my life. This point is going to be at the ages of 14 to 17, also known as adolescence. Before I talk about this point in my life I am first going to cover certain relevant background information, family influences, sociocultural and environmental influences, and finally I will discuss my own personal development d uring the adolescent stage, specifically that of the ages 14 to 17. To start this paper it is best to being with any relevant background information during this period in adolescence. During this point of life I was a brother, a son, a friend, and a student. Both my parents were working; my father was active duty Air Force and my mother worked on base. My brother, my only sibling, had recently left to go to basic training, and we had just moved from Georgia to Massachusetts. Also during these threeShow MoreRelatedMy Virtual Teen1193 Words   |  5 PagesTeen years are the most complicated and overwhelming years of a childs life. Every teen goes through different stages while they are in the transition in becoming into an adolescent. 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Peer relationships can consist of various aspects included being involved in bullying, involvement with problematic friends, and supportive peer relationshipsRead MoreEffects Of A Psychological Intervention On Adolescents1494 Words   |  6 Pages Development has been one of the most interesting branches of psychology that many psychologists has spent time the most throughout the years. Development can be defined as the pattern of movement and change that begins at conception and ends at about old age. This branch of psychology, can be broken down into many categories or periods since development is not only one thing, it is multi dimensional. The period of development that I choose was adolescents development, and the dimension I am goingRead MoreMy Mother Who Has Played A Very Important Role Within My Life Essay1374 Words   |  6 PagesMy Integrative paper is based on my grandmother who has played a very important role within my life. 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My family and I are citizens of Guyana but we permanently migrated to the United State in 2013.Family, culture, friends, personal interests and surrounding environment are all factors that tend to help shape my personal identityRead MoreVirtual Teen Program1250 Words   |  5 PagesTeen years are the most complicated and overwhelming years of a childs life. For the Virtual Teen program I had a teen daughter, She was very out going and social. She enjoyed trying new things and was very involved in school. She has also been doing very good academically, and was part of the gifted program at school. At home she gets along pretty well with her sister pretty with the exception of some little arguments that they easily resolve on their own. She also went through some major changesRead MoreErik Erikson s Developmental Theory Essay1628 Words   |  7 Pagespsychological development. 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Fine motors skills which use smallRead MoreEducational Psychology : Next Generation Essay1394 Words   |  6 Pagesroaming the halls, and hanging out with friends. They are being influenced by the people around them. Their social development today impacts their roles in society tomorrow. Prevention clubhouses are working to target at risk youth and empower them to make a difference. One of these dedicated facilities is located in Northeast Georgia. Next Generation Prevention Clubhouse is impacting adolescents through positive social development. Next Generation also uses t eaching styles that are student driven

Corporate Culture free essay sample

Having a good corporate culture in place is a good way to bring in new people and make sure they do high-quality work and know what is expected of them, without having to do a lot of actual explaining or work to make it happen. Unlike many other Important aspects of running a business where you have to teach and specifically tell an employee something, or let them know how something is done, corporate culture Is unspoken, yet still positively effects how people do things.A good corporate culture Is not something that happens easily or without work though, or every place would have It, It takes effort and certain things In place to make It happen. There are many Important aspects to having a good corporate culture. One big aspect Is having a clear vision that all your employees know and strive to achieve. The two aspects of corporate culture that I believe are the most Important are a companys values and Its people. I would define corporate culture as a positive impact on the business. Therefore the definition, the nature and components of corporate culture, its advantages and its positive influence on the business will be the core issue which I am going to do the research and fill this essay.Part 3.JP Kotter and JL Heskett, (2008) The power of culture, Corporate culture and performance: 5-12.Kotter and Heskett outline the definition and natures of corporate culture and its main functions. They suggest that there are two levels of organizational culture, which differ regarding their visibility and resistance to change'(JP Kotter and JL Heskett, 2008: 4). They discuss the different impacts of two conditions what less visibility and more visibility of corporate culture are. But the research shows the influences are mostly positive for the development of the business. They highlight that corporate culture is one of four factors that shape managerial behaviour and discussed the power that corporate culture can make to shape the behaviour of a firms management.H Schwartz, SM Davis (1981), Matching corporate culture and business strategy, Organizational Dynamics. 10 (1) :30-48Schwartz and Davis focused on the link between the corporate culture with business strategic success and failure. In this article, authors set a lot of real examples to prove their point. For instance, they use a case-study of AT;Ts the largest organisational transformation in the history of U.S. industry in 1978, to prove that the critical term which helps its strategy succeed is its ability of transform the corporate culture. Besides, authors based on Richard F. Vancils research, outlining that culture can reflect past works and suggest that the primary influence on their behaviour is top-management behaviour (H Schwartz, SM Davis, 1981).Edgar H. and Schein (2009), When and how to build up Your Culture, The Corporate Culture Survival Guide. Pp77-102Edgar and Schlein suggest the methods of setting the corporate culture in a business. During the research of Procter and Gamble company, They analysis the main components of corporate culture and work through these factors respectively. They suggest the most critical point of a culture is its value. If a business wants to build up its own corporate culture, it has to let their staff and customers identify with its value. The authors suggest that positive group activities and training can help staff to build corporate identity(Edgar and Schiein 2009).Jesper B. SÃ ¸rensen (2002), The Strength of Corporate Culture and the Reliability of Firm PerformanceIn this article, author analysis the impact of strong corporate culture can cause to the variability of business performance and what leads to this relationship. Jesper suggests this relationship depends on how cultures influence organisational learning in response to the change of external and internal situation. The author assumes that business with dominant corporate culture is good at incremental change. Comparing with the performance that strong-culture business showing in the stable environment which is good, but not as good as the business in a turbulent environment. As a result of analyses of a variety of companies from different industries, strong-culture businesses have better and less variable performance, but the benefits will disappear in volatile environments (Armour, H. O., Teece, D. J., 1978).Jay B. Barney (1986), Organizational Culture: Can It Be a Source of Sustained Competitive Advantage?In this article, the author discusses which the organizational culture can be a sort of sustained competitive advantage by analysing previous results of research. He summarised three attributes that the culture of a firm must have to make sustained competitive advantages are isolated. Therefore, these cultures are the foundation of sustained competitive advantages. The author also discusses the normative influences of the analysis. Businesses without required cultures cannot attend activities what can change their culture and produce sustained great financial performance because their modified cultures usually do not imperfectly copy or rare. Those businesses with their required cultures and attributes can acquire sustained great financial performance through their cultures (Jay B. Barney, 1986). Part 4According to the research I have done so far, I will discuss the features of corporate culture by analysing a mature business and find out the function of that. Because as far as the researchers present, corporate cultures can generally make good effects to businesses, but the most valuable and challenging question for developing business is: what are the common features? Therefore in my research essay, I am going to discuss the characteristics of corporate culture and what is the function of it.Part 5In this part, I will choose Burger King as my object of study. As everyone knows, Burger King is the second biggest fast food chain in the world with its unique corporate culture, which is support high performance among workers. A business corporate culture is the set of traditions, values and habits that affect the behaviours of employees. Burger Kings unique corporate culture brings sustained competitive advantages to the business and support it to hit the industry leader McDon ald all the time. Burger King keeps staffs in line with its corporate culture to make sure they apply the unified method in exploding human resources. This method can make sure that Burger King applies unified effort to leverages the synergy achievable and push firm performance globally.Burger Kings corporate culture focused on performance and attitude and providing a comfortable workplace plus making sure staffs obey rules. As the research shows, Burger Kings corporate culture have following main features: Accountable, Bold and empowered, Performance-driven and Meritocratic and fun (Burger King Corporation 2018). I would talk about these features separately by analysing the examples of Burger King.Accountable: The staffs of Burger King must be responsible for their behaviour. This feature of Burger Kings corporate culture guarantees staffs has certain autonomy while they are taking the result of their decisions and following rules (Burger Kings Code of Conduct 2018). Therefore, the corporate culture helps Burger King to keep the consistency of products and services. Besides, it is also minimising mistakes in staffs actions (Cameron, K. S., ; Quinn, R. E. 2005).Bold and Empowered: The corporate culture of Burger King allows staffs achieve higher performance because this feature gives a certain degree of autonomy and flexibility to staffs. The different business structure has different levels of autonomy (Burger Kings organisational structure 2018). As a result, corporate culture can keep the resilience required to maintain continued global growth.Performance-driven: The corporate culture of Burger King encourage staffs to keep high performance, this feature is fit with the business policy of using performance-based appraisals (Burger King 2018). The staff of Burger King expect and understand that better performance can help with their career in the business in this way.Fun: This feature emphasises the morale of staff. A fun and enjoyable workplace can reduce staff turnover as well; this is a powerful effect on the business financial performance. Burger King tries to keep and attract qualified staffs. The business uses the fun character by methods of management while applying for incentives and benefits in the compensation system (Burger Kings Salary Regulations 2018). The main advantage of the corporate culture of Burger King is its support of high performance which is emphasised by empowerment and meritocracy. The autonomy and empowerment are motivating features for high performance among staffs. The autonomy factor makes sure that under the condition of maintaining flexibility and autonomy, unnecessary costs and mistakes are minimised (Justin Y 2017).Part 6In this essay, I have chosen corporate culture as my topic and discussed its natures, functions, effects and features by analysing five authoritative articles and a mature business- Burger King. The general research announces that powerful corporate cultures can help business performance to improve by promoting internal consistency in enterprises. Generally, corporate culture is connected with internal consistency and enhance the business by affecting on that.Reference ListArmour, H. O., Teece, D. J.: 1978 Organization structure and economic performance: A test of the multidivisional hypothesis. Bell Journal of Economics, 9: 106–122Available at:http://www.jstor.org/stable/3003615?origin=crossref[Accessed at 1978]Burger King https://www. bk.com/franchising/why-BKCameron, K. S., ; Quinn, R. E. (2005). Diagnosing and changing organizational culture: Based on the competing values framework. John Wiley ; Sons.Available at: https://www.researchgate.net/file.PostFileLoader.html[Accessed at:2005]H Schwartz, SM Davis (1981), Matching corporate culture and business strategy, Organizational Dynamics. 10 (1) :30-48Available at:https://www. sciencedirect.com/science/article/pii/0090261681900103[Accessed at 1981]Jay B. Barney (1986), Organizational Culture: Can It Be a Source of Sustained Competitive Advantage?Available at:http://amr.aom.org/content/11/3/656.short[Accessed at 1986]Jesper B. SÃ ¸rensen (2002), The Strength of Corporate Culture and the Reliability of Firm PerformanceAvailable at:http://journals.sagepub.com/doi/abs/10.2307/3094891[Accessed at 2002]JC Hayton, G Cacciotti, (2013) Entrepreneurship ; Regional Development, issue 9 10, Is there an entrepreneurial culture? A review of empirical research pp708-731.Available at:http://www.tandfonline.com/doi/full/10.1080/08985626.2013.862962?scroll=top;needAccess=true[Accessed 17 Dec 2013]