#1 Essay Example | Topics and Well Written Essays - 250 words

#1 - Essay Example As such, the seven sins as provided by Brown are applicable in describing the nature of man and the character that may dwell in him if controlled by them. Besides, Brown names seven virtues which are cardinals to human living. These, he relates to faith, hope charity, prudence, justice, fortitude and temperance. The temperance of a person determines the ability to take charge and respond to a situation properly and whether hot or cold, it must be controlled. By virtue, man lives by faith and hope, it is what keeps him going and living. In the event of acquiring more wealth, it is good to be helpful and have mercy to others. This is a true virtue of charity (Olsson, pg.80). The traits provided are guidelines to what human character should be based on. Like Mahatma Gandhi wrote, knowledge without character and science without humanity could be among the blunders that cause violence. It is also true to note that a society lacking the necessary virtues and possesses by the described sins may be a plagued

Economic Analysis Research Paper Example | Topics and Well Written Essays - 1000 words

Economic Analysis - Research Paper Example If we consider the production function where Q is the level of output, then Q = F (K, L) output is a function of both capital and labour, however to determine the optimum level of output that will maximize profit we will have to consider the cost of one unit of labour and one unit of capital and further consider the budgeted amount. Given that the cost of one unit of labour is 5 pounds and that the cost of one unit of capital is ten pounds and that our budget for both costs is 100 pounds then our optimum point will be determined as follows. The maximum amount of capital that can be purchased is 100/10 = 10 and the maximum amount of labour that can be purchased is 100/5 = 20, this information will help us determine the budget line. The next thing to consider is the isoquant, isoquant are curves that depict the possible output that is derived from two factors of productions which in this case are capital and labour The isoquant depicts the level of output that can be produced by different combinations of capital and labour, we determine the most optimum combination of capital and labour by determining the point where the budget line touches the isoquant, and therefore our most optimum levels of capital is C' and for labour its L' as shown above. Therefore the information that we need to collect is the unit cost of both capital and labour and the budgeted amount so as to determine the budget line and also we need information that will help us determine the isoquant. Question 2A When determining on what to produce either cooking pans or sinks we need to determine the cost of producing in terms of capital and labour for each item and also the market price of each item, given that the level of capital and labour are fixed in this case then we have to determine the optimum level of output for both products. This analysis will take the form of the consumer utility maximizing function where there exist two products, the utility function will represent the revenue collected by the firm and the two products which the consumer chooses will represent the two products produced by the firm. Example If in total we have 200 units of resources (both capital and labour) and that one sink requires 10 units of resources and one cooking pan requires 5 units of resources, then the maximum units of sink that can be produced is 200/10 = 20 and for the cooking pans is 200/ 5 = 40, The revenue curve will be determined by the market price of both products, it combines the possible amount of revenue that can be obtained by different combinations of cooking pans and sinks, the additional information needed therefore is the market price for both products and the amount of resources needed to produce each product. Question 2B In the long run the firm will tend to expand its production capacity in order to produce the optimum amount of both products, when the firm increases its capacity more products will be produced in order to realise economies of scale, however the average cost of production for the firm will decrease in the short run but will increase in the long run The long run and short run average cost curve The average cost curve will decrease in

Dwight D Eisenhower Contributions towards the USA Revolution Research Paper

Dwight D Eisenhower Contributions towards the USA Revolution - Research Paper Example Later on in life, he was married and had a family of two sons, serving as the Chief of Staff in the Army during the presidency of Harry Truman. He ventured into politics in 1952 and won with a clear majority defeating Democrat candidate Adlai Stevenson, himself being a Republican. During his reign as the United States President, he oversaw many political and social changes with the help of Richard Nixon his Vice President. In his presidency the implementation of the Highway Act cannot be overlooked and its importance in the transformation of American infrastructure and commerce. The country before his reign president had experienced great transformations in the automobile sector and ownership of cars had increased necessitating new and well-maintained roads. His National System of the Interstate and defense Highways was a great innovation that helped in the transformation of America (Bennett 451). The new highway system, arguably the greatest public works project to be engaged in Ame rica in its History, aided the speed of transport. However, every great side has a dark shadow and so did his noble idea. The great highway system is directly linked to hindering growth of cities, destruction of neighborhoods, and greatly hurt the environment. The great Interstate Highway system had elements of being helpful and at the same time destructive as has been argued by historian Evan Bennett who raised a question as to whether the highways were to ruin or highways to heaven.The highway was constructed in pursuant to the 1956 Federal Act.... The highway was constructed in pursuant to the 1956 Federal Act on aid to highways, following major campaigns by President Dwight D. Eisenhower. The highway forms the second longest road in the world with its present day 47,182 miles its first phase having taken 35 years for construction. The need for the highway at that time was rife following the unsafe roads that had numerous accidents and had recorded high numbers of deaths than before its inception. The President’s quest to have the road constructed was reinforced by the defense part, as there were great fears of the Cold War (Mumford 234). His belief and support for construction of new highways is traced back to 1919 when he joined the first United States Army’s Cross-Country Motor Transport Train. The team was on a mission to learn how motor vehicles would cross the country (Whitman 70). He attributed his vision of the highway from Germany, which had made him see the wisdom of broader ribbons across America inste ad of two-lane highways (Murphy 50). Dwight D. Eisenhower took immediate action upon assuming office, writing a proposal to Congress on the creation of transcontinental highway system (Murphy 50). He signed the act on highways into law on June 26, 1956 that provide for federal government funding of the project to a tune of 90%. The states in this case contributed only 10% of the funding. The immediate negative effects of the construction were the increases in gasoline and tire taxes to fund the project (Faber 26). The highway also saw the first standardization across states in America making the roads less dangerous than before the inception of the highway (Frissell 2). The highway system did not benefit the transport sector only, but had other economic effects on different sectors. Faster