in order to solve this puzzle, which will be in detail discussed: 1) “Private information about relative capabilities or resolve and incentives to misrepresent such information” (Fearon 1995: 381); 2) “commitment problems” (Ibid.); 3) “Issue indivisibilities” (Ibid.). Anarchy and preventive wars are ruled out as rational explanations as their either do not reflect on costs, or do not consider bargaining between states which would create a better outcome for states (Fearon 1995: 384,
scale: reductions in average costs due to increase in capacity utilization in that occur within a plant of a given size Long-run economies of scale: reductions due to adaption of a technology that has high fixed costs but lower variable costs Indivisibilities are more likely when production is capital intensive: Capital intensive: when the costs of productive capital such as factories and assembly lines represent a signifi-cant percentage of total costs. 2)Increased productivity of variable inputs
3.2.1 Market Size and Market Access The idea of joining economic integration in Africa is that it can help countries to overcome constraints associated with the smallness of domestic markets, by allowing them to benefit from economies of scale as well as smooth market access. These kinds of benefits can lead to stronger competition, and as a result raise productivity and diversify production and exports. In regional economic integration, neighbouring African countries will constitute a regional
Assignment 1: Are human rights universal, inherent, inalienable, and indivisible? Student’s Name: Institutional Affiliation Date Introduction Human rights can be summarized as the activities and freedoms that all human beings are entitled to enjoy and only by virtue of their humanity. These conditions are generally guaranteed in the constitution of the land. They are widely felt in the area as they are divided and not limited to political, social economic and cultural rights. Some of
organisation due to historical geography. Indeed, the capitalist word economy is structured around the dynamics of specialisation and the division of labour, whereby countries produce and trade goods and services where they obtain comparative, competitive advantage and lowest opportunity cost. In a capitalist economy specialisation (the act of focusing on a specific work task) leads to higher productivity, output and product
Insurable risks - theft, fire. Probability of occurrence can be calculated and insured against non- insurable risks - Cannot be insured against - E.g. changes in dd conditions for final product, changes in supply of in puts - Definite advantage - Can diversify output or develop new export markets when dd fluctuates - If supply shock, materials can be obtained from diff. sources to guard against events e.g. crop failures - Better position to compensate an area of loss with other areas
Calculus is the branch of mathematics that deals with rates of change and motion. It was developed because of the need to explain various natural occurrences within in the universe, such as the orbits of planets, and the effects of gravity. Today, calculus is the basic segment of science and engineering. Calculus allows physical laws to be expressed in mathematical terms. In science it is valuable in the further analysis of physical laws in predicting the behavior of physical laws, and in discovering
Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally, it applies
Being one of the world’s biggest brands, SABMiller has adopted a unique style to ensure competitive advantage and remain at the forefront of the brewing world. Key to its developing and maintenance of relevance are its values and strategic priorities Values include: Recognition of people being an enduring advantage Emphasis on accountability Teamwork Respect for consumers and customers Indivisibility of reputation Strategic priorities include: • Creating a balanced and attractive global spread of businesses
Kelly M. Baumgartner Professor Dan Darling ENGC 1101 7 April 2015 Advertisements Sell Products, But Is That All They Do? Does the vast amount of media that we filter through our eyes daily effect how we view ourselves? If so, do they accurately portray who we are as humans? As a society, can the amount of advertisements we view daily be a healthy consumption, or seriously harmful? Or are we passively allowing the media to dictate how we think and feel about