The Soviet Union, Communism, and the Vietnam War Essay example -- Commu

A quarter of a century after the Fall of Saigon, Vietnam continues to exercise a powerful hold of the American psyche. No deployment of American troops abroad is considered without the infusion of the Vietnam question. No formulation of strategic policy can be completed without weighing the possibility of Vietnanization. Even the politics of a person cannot be discussed without taking into account his opinion on the Vietnam Ware. This national obsession with Vietnam is perfectly national when viewed from a far. It was the only war that the United States has ever lost. It defined an era of American history that must rank with the depression as one of this nation’s most traumatic. It concluded with Watergate and led many to believe that the United States was in decline. Even with the sobering effect of time, passions concerning American policy and behavior in Southeast Asia reach a level normally associated with sensitive social issues. To understand why, one must look at Vietn am in the proper context. American involvement occurred in the middle of, and was the most visible engagement, of the defining paradign of the post World War II era, the Cold War. Only through this prism can the Vietnam experience be defined.   Ã‚  Ã‚  Ã‚  Ã‚  One of the seven global powers entering World War II; the United States emerged as an undisputed â€Å"superpower.† Her economic and military night was overwhelming in a world ravaged by five years of total war. The only adversary of comparable power was a notion at the opposite end of the ideological spectrum, the Soviet Union. As the vanguard of the communist world, the U.S.S.R.’s raison d’etve was the facilitate the overthrow of the global capitalist system and replace it with a â€Å"dictatorship of the proletariat.† Thus the explicit mission of American Foreign policy after 1945 was opposition to communist advancement anywhere in the world. This took many forms and was backed by key assumption.   Ã‚  Ã‚  Ã‚  Ã‚  Central among then was the avoidance of a direct military confrontation between the Unites States and the Soviet Union. With the U.S.S.R. achieving nuclear capability in 1947 and both sides expanding their armed forces, a full out war was deemed unacceptable. The result of such a war was seen to be catastrophic to the survival of the planet. The lesson of the Korean War only reinforced this assumption. The infusion of Chinese troops quickly escalated ... ...rs. In fact, relations between Vietnam and China cooled considerably and even led to a brief border war between the two in the late 1970s. Vietnam also never became a threat to its region. While undoubtedly communist, Vietnam has never become a stridently aggressive Marxist state in the mold of North Korea, or even Cuba.   Ã‚  Ã‚  Ã‚  Ã‚  The Cold War was to the rubric with which America Foreign Policy was formulated during the post World War II era. Confrontation and what was thought to be an inevitable war with the Soviet Union became the starting point of all American Strategic thinking. In this context, the U.S.’s relations with all countries had to be looked upon with the Soviet Union and communism in mind. This particularly held true with regards to Vietnam. Having â€Å"lost† China and gone through a war on the Korean peninsula, American policy makers felt that any more communist aggression had to be stopped at all costs. Mixing in the fact that an important ally was intent about keeping her colony, and distrust of Ho Chih Minh and his regime all combined to draw the Unites States into a conflict that was neither winnable or so unimportant as to allow the United States to disengage itself.

Autoparasitoid Wasps Essay -- Biology Encarsia Pergandiella Parasite

A parasite lives in a close relationship with another organism, its host, and causes it harm. The parasite is dependent on its host for its life functions. For example, viruses are common parasites. The parasite has to be in its host to live, grow, and multiply. Parasites rarely kill their hosts. A common, well-known type of a parasite is a hookworm. It is possible for humans or their pets to get them. Hookworms attach themselves in the lining of the small intestine, and cause diseases, and malnutrition as well, as they eat the nutrients and keep them from going to the host. Here, we'll be talking about a different type of parasite, called a parasitoid. The parasitoid Encarsia pergandiella is a tiny wasp that lays its eggs in developing whiteflies. The wasp larva eventually kills the whitefly, and then emerges as free-living adults. This is why it is said that the wasps are parasitic. If you have ever seen Aliens, the developing aliens are parasitoids. Parasitods are different from normal parasites because they kill their hosts when they develop. Encarsia pergandiella develops in a strange way. Unlike most parasitoid species, they are autoparasitoids. This means females develop on whitefly immatures and males develop on immature parasitoids. This means males are parasitoids of other parasitoids, including females of their own species! The fertilization process is a female decision. The female stores the male sperm for later fertilization of eggs. All bees and wasps, including parasitoid wasps are haplodiploid. This means not all eggs have to be fertilized to develop. Unfertilized eggs become males, which are haploid. Fertilized eggs become female, and are diploid. In autopara... ...romosome carried by the males was killing the whole male set of chromosomes, leaving only one set of female chromosomes along with this extra chromosome, which becomes a male haploid wasp. This PSR chromosome is also called a supernumerary chromosome in the nuclei. In the study of Encarsia pergandiella, male wasps were also found to come from fertilized eggs that had been placed on the whitefly host and it was found that, similar to N. vitripennis, the entire paternal set of chromosomes was being lost. It was thought that perhaps an extra chromosome, such as the PSR chromosome, was also being carried in them. However, after further study a supernumerary chromosome was not found. The casue of genome loss in E. pergandiella is still a mystery. Perhaps the male set of chromosomes were being killed by another source, such as a virus or transposable element.

Apert Syndrome :: essays research papers fc

Apert Syndrome (AKA Alport syndrome) is a genetic defect which can be inherited from a parent who has Apert or a fresh mutation. It falls under the broad classification of craniofacial/limb anomalies. Approximately 1 per 160,000 to 200,000 live births inherit it. Some symptoms that Apert sufferers have are various heart defects, ear infections, severe acne, increased incidence of eye injuries, and many more. The skull is prematurely fused and unable to grow normally, and the fingers and toes are fused together in varying degrees.   Ã‚  Ã‚  Ã‚  Ã‚  If your child gets Apert Syndrome they may have many physical defects as well as a few other problems such as slower learning, a cleft palate, vision problems, and problems with acne during puberty. I don’t think Apert Syndrome children die, expecially because you can pass Apert through genetics. A child with Apert Syndrome could live a pretty normal life.   Ã‚  Ã‚  Ã‚  Ã‚  The mutation which causes Apert Syndrome is found on chromosome number 10 called Fibroblast Growth Factor Receptor 2 (FGFR2). You have two copies of this gene, one from the mother, one from the father, which is composed of a string of about 2000 of the chemical building blocks that make up the genetic material called DNA. When Apert Syndrome occurs, just one particular building block in one of these two gene copies has been exchanged for another. The other gene is entirely normal. The one tiny change in FGFR2 results in the physical features of Apert Syndrome.   Ã‚  Ã‚  Ã‚  Ã‚  There is no link between anything the mother does or doesn’t do during her pregnancy to cause Apert. Doctors believe Apert Syndrome occurs when a gene mutates early in the pregnancy. The chances of having a second child with Apert are almost non-existent. However if one parent has Apert Syndrome there is a 50% chance that their child will also have Apert Syndrome. And studies have shown that Apert occurs more often to babies with older fathers.

How animals save the planet Essay

Narwhals like these help scientists track global warming in the Arctic. These mythical looking tusked whales, also known as the â€Å"unicorns of the sea,† are measuring changing temperatures in Greenland’s arctic waters to track global warming. Climate scientists at the University of Washington attached thermometers and small satellite transmitters to the narwhals, who can dive far deeper than humans. As a result they found that waters in Greenland’s Baffin Bay are 0.9 degrees C warmer than formerly calculated. Dogs Working Dogs for Conservation in action. Humankind has long looked to its best friend to lend a helping nose – whether it’s a hunter tracking down prey or a police officer searching for drugs. Now groups like Working Dogs For Conservation and UK-based Conservation Dogs use dogs to sniff out endangered animals and plants – like jaguars in the Amazon or black bears in China – so researchers can track and save them. Birds Birds are natural recyclers. While our feathered friends in more urban areas have been known to utilize trash like string and paperclips in the building of their nests, male bowerbirds in Australia and New Guinea repurpose bright plastic containers and bottle caps to build their elaborate â€Å"bowers,† arched walkways carefully decorated and designed to attract female partners. Octopi A resourceful octopus searches for suitable shelter. Another animal recycler, the octopus is renowned for its intelligence and use of tools. Certain species like the veined octopus build shelters from sea shells, coconut shells, or more human debris. As this video shows, octopi enjoy hiding inside of glass jars they find on the ocean’s floor, putting what would otherwise be trash to good use. Rats An African giant pouched rat sniffs out a landmine. Like dogs, rats have a superior sense of smell. African giant pouched rats like the one pictured here sniff out land mines while being too light to  actually set them off. Anti-landmine organization APOPO dubs them â€Å"HeroRATS† for their ability to help the group find these environmentally hazardous, not to mention dangerous, weapons. Bees Bees use their keen sense of smell to detect environmental contaminants. Bees are widely talented and have a sensitivity to smells, tastes, and colors. They’re also highly communicative, using sound and dance to talk amongst themselves. It turns out that they can recognize specific types of chemicals and send off a certain buzzing sound depending on what chemical is released into the air. This is helping humans detect toxic chemicals in the environment and could be useful in detecting chemical warfare attacks. Sea Lions and Seals A sea lion measuring ocean conditions.  Like the narwhals, sea lions and seals can easily dive deep below the water’s surface to track climate change. Researchers at the University of California Santa Cruz rely on them to measure salinity, temperature, and other conditions so we can develop better models of ocean water circulation. Elephant seals in the Arctic measure temperature and have also been used to track the health of U.S. salmon populations. Mules A mule measures radiation levels.  Sarah and Little Kate are two mules that have been recruited to brave the conditions of the Santa Susana Field Laboratory outside of Los Angeles. A 1959 leak at the laboratory left radiation that may still linger in the area. Equipped with gamma radiation scanning equipment, the mules investigate the area and report back to government officials conducting this study. While it may not be ethical to subject animals to hazardous areas, the work they are doing may end up making the area safer for humans and animals alike.

Traffic Jam in Dhaka City

EXAMINATION OF PROFITABILITY IN THE CONTEXT OF BANGLADESH BANKING INDUSTRY Nadim Jahangir', Shubhankar Shill2 and Md. Amlan Jahid Haque3 Abstract Loans are the riskiest asset of a bank, but these loans play a pivotal role in banks' profitability. Banks ‘profitability depends on the results of some parameters and among them Bank b Return on Equity, Market Size, Market Concentration Index, and Bank RiskMeasure are widely used and the same are investigated in the Bangladesh Banking Industry in this study for a period of the last six years. The data comes from the annual reports of individual banks listed in Dhaka StockExchange (DSE) and from the Bangladesh bankb published statistics book (Scheduled Banks Statistics). Correlation matrix and stepwise regression have been used for the purpose of data analysis. The analysisfinds that market concentration and bank b risk do little to explain bank b return on equity, whereas bankb market size is the only variable providing an explanatio n for banks return on equity in the context of Bangladesh. Introduction The tmhtional measure ofprofitabilitythrough stockholder's equity is quite different in banking industry ffom any other sector ofbusiness, where loan-to-deposit ratio works as a very good ndicator ofbanks' profitabiJity as it depicts the status of asset-liabilitymanagement ofbanks. But banks' risk is not only associated with this asset- liability management but also related to growth opportunity. Smooth growth insures higher future returns to holders and there lies the profitability which means not only current profits but future returns as well. So, market size and market concentration index along with return to equity and loan-to-deposit ratio seize the attention of analyzing the banks' profitability. The banking industry of Bangladesh is a mixed one comprising nationalized, private and foreign ommercial banks. Many efforts have been made to explain the performance of these banks. Understanding the performance ofbanks requires knowledge about the profitability and the relationshps between variables like market size, bank's risk and bank's market size with profitability. Indeed, the performance evaluation of commercial banks is especially important today because of the fierce competition. The banking (1) Dr. Nadim Jahangir (Associate Professor) holds a Ph. D. in Management from Australian Catholic University and now is teachmg in the Independent University of Bangladesh. (2) Shubhankar Shill (Lecturer) holds Master degree in Finance from Dhaka University (Bangladesh) and now is teaching in the School of Business, Independent University of Bangladesh. (3) Md. Arnlan Jahid Haque (Lecturer) holds a Master degree in Management from Rajshahi University (Bangladesh) and now is teaching in the School of Business, Independent University of Bangladesh. 36 ABAC Journal Vol. 27, No. 2 (May – August, 2007, pp. 36 – 46) Examination of PI .ofitability in the Context ofBangladesh Banking I ndusqr industry is experiencing major transition for the last two decades. It is becoming imperative for banks to endure the pressure arising from oth internal and external factors and prove to be profitable. Until early 1985, Bangladesh had a highlyrepressed financial sector (Chowhdury, 2002). Banks and other financial institutions were fully owned by the government. In the early part of 1980, Bangladesh entered into the IMF and World Bank adjustment programs and the process of privatization and liberalization gained momentum under the influence ofthe World Bank and the IMF. Since then the banking industry of Bangladesh has become an attractive ground for both domestic and foreign investors to take part in the game. It is of utmost importance that these layers prove themselves profitable. Andrews (1975) noted that it is essential to understand the strategies to achieve greater profitability. In line with this, the current study makes an effort to unearth those pillars which are maj or constituents of strategies and goals. This paper intends to analyze the importance of internal and external factors for banks return on equity. Specifically, the purpose of the study is to closely examine the relationships of bank's market concentration, market size, and bank's risk with return on equity. The intention is to decide which amongst the potential determinants appear to be mportant. Hassan, Khan, and Haque, (1 995) previously examined banks' profitability considering monetary affect and concentration in context of Bangladesh. However Fraser, Philips, and Rose (1974) stated that performance of commercial banks should not be measured by a single proxy but by a set of variables which are jointly determined by market structure, demand, and other factors. Therefore, the current study aims to propose and examine a framework incorporating bank's market concentration, bank's market size, bank's risk, and identify the relationships of these variables with bank's return on equi ty in context f Bangladesh. Literature Review Market Size Cravens (2000) elaborated that, market size is usually measured by currency, sales andlor unit sales for any product market and also in specified time period other size measurement include the number of buyers' average purchase quantity, frequency of purchase for any product oriented market. As a result the key measures of market size are market potential, sales forecast, and market share. In another study on banking reformation Thorsten and Ross (2002) measured the market size ofbanks against the GDP and to measure bank size, Thorsten and Ross (2002) used bank credit to he private sector as a share of GDP. Demirguc-Kunt and Maksimovic (2002) suggested that the extent to whichvarious financial, legal, and other factors (e. g. corruption) affect bank profitability is closely linked to size. In addition, as Short (1 979) argued, size is closely related to the capital adequacy of a bank since relatively banks tend to raise less expensive capital and, hence, appear more profitable. Luthria and Dhar (2005) defined market size as the scale of economic activity over which agents can contact. They tried to measure market size or space by national borders. Large space creates the potential or reaping economies of scale and the scope for specialization as well. It requires specific investments in physical and human capital, as well as marketing channels, constrained by slow- moving economic activity. Market Concentration The concentration aspect is particularly important for the transition economies and it has been very commonly used as the measurement of Nadim Jrrhangir. Shubhankar ShiN and 1Mn. Amlan Jahid Haque profitability ofbanlung industry. Atbanasoglou, Brissims, and Delis (2005) argue that banking systems are highly concentrated, with little separation between central and commercial banking ctivities in order to facilitate the banks' role in the planning process. Ahighly concentrated banking sector resul ts in market power for the banks. As opposed to perfect competition, banks having monopoly power would lead to an equilibrium characterized by higher loan costs and a smaller quantity of loanable hnds (Cetorelli & Gambera, 2001). According to Alzaidanin (2003) when a large share of the business of a given industry is controlled by few large firms or concentrated in a few pockets the situation is usually termed as a slate ofconcentration. However, Deidda and Fattouh (2002) showed theoretically as well as mpirically that the relationship between banking concentration and return on equity depended on the level of economic development. More specifically, banking concentration had an adverse impact on return on equity only in low income countries. For high income countries, there was no significant effect between the two variables. Additionally, Beck, Maksimovic, and Vojislav (2003) found that this effect is especially strong if a state has a weak legal system, high level ofcorruption an d a low level ofeconomic and financial development. Since these factors are true for at least some of the economies under consideration, ne would expect low banking concentration to foster return on equity. Bank Risk According to Allen (1 997), banks tend to focus on areas where they believe they have a comparative advantage to maximize efficiency in making loans. This approach makes banks give attention to geographic, industry specific demographics, and other market characteristics to operate. Calomiris and Karceski (1 998) noted that diversification and different levels ofriskyness is the result ofdifferences across banks in the scale oftheir operations. As economic conditions vary across different regions and industrial sectors, therefore ank riskyness and return on equity also vary across different regions. Gerlach, Peng, and Shu (2004) took a different approach in defining Banks' risk. Poor management qualities in inefficient institutions have a tendency to cany higher risk (cr edit risk, operating risk, & liquidity). The credit risk on any individual loan can be broken down into two components, the probability that the borrower will default, and the losses incurred in the event ofdefault. In an earlier study on asset quality of commercial banks Stafon (2000) found that bank return on equity driven mainly by changes in Net Interest Margins NIMs) and loan provision which in turn were determined by asset quality. However, Greusning and Bratanovic (2003) revealed that return on equity is a revealing indicator of a bank's competitive position in banking markets and of the quality of its management. The authors further elaborated that the income statement ofa bank is a key source of information on a bank's return on equity, reveals the sources ofa bank's earning and their quantity and quality as well as the quality of the bank's loan portfolio and the focus of its expenditures. Relationship between market concentration and banks ‘return on ecjuitv The mpi rical findings on the relationship between market concentration and return on equity are as diverse as the theoretical underpinnings. Parsley and Wei (1 985) found that young firrns in concentrated markets receive more credits than in competitive markets, with no difference for older firms, which results in a positive effect on return on equity. In contrast, Examination of Profitability in the Context of Bangladesh Banking Indust, Cetorelli and Gambera (2001) concluded that banking concentration leads to an overall depressing effect on return on equity. The authors suggest that increased competition (thus less oncentration) causes a rise in entrepreneurship and thus a higher rate of new firm creation. Very convincing is the recent work of Deidda and Fattouh (2002) showing theoretically as well as empirically that the relationship between banking concentration and return on equity depends on the level of economic development. More specifically, banking concentration has an adverse im pact on ROE only in low income countries. For hlgh income countries, there is no significant effect between the two variables. Therefore, the following hypothesis can be proposed: Hypotheis1 : There is a significant relationship between Bank's arket concentration and Bank's return on equity of commercial banks in Bangladesh. Relationship between market size and banks' return on equity Shepherd (1972) mentioned a positive relation between the market size and return on equity. Such a nature ofrelationship continues to receive a great deal of attention. Seedier and Gee (1 96 1) suggested that the variability ofthe growth rate ofbank assets declines with the market size. Demerguq- Kunt and Huizinga (2001) noted that growth ofmarket size, in contrast, is positively and significantly related to profit growth. Again by following the same path of Smirlock (1 985),Alzaidanin (2003) mentioned a positive and significant relationship between banks' size and banks' return on equity based on prod uct differentiations. Therefore, the following hypothesis can be proposed: Hypothesis 2: There is a significant relationship between Bank's market size and Bank's retum on equity of commercial banks in Bangladesh. Relationship between banks' risk and banks' return on equity Gizycki (2001) stated that even though return on equity is influenced by bank's credit risk, the relationship between the two is not straightforward. Movements in the retum on assets will reflect not just credit risk, ut the full range of risks, including bank's exposures to movements in interest rates and exchange rates, liquidity risk and operational risks. Moreover, banks return on equity reflects not just risk-taking, but also other factors such as the mix ofon and offbalance sheet business, operating efficiency, the level of competition within the banking market, and regulatory constraints. Banks earn higher returns by taking on riskier business, this will boost the return on equity. However, if a bank exper iences losses beyond what it had provisioned for, such losses will reduce return on equity. Bourke (1 989) reports hat the effect of credit risk on retum on equity appears clearlynegative. This result may be explained by taking into account the fact that the more financial institutions are exposed to high- risk loans, the higher is the accumulation ofunpaid loans, implying that these loan losses have produced lower returns to many commercial banks. Therefore, the following hypothesis can be proposed: Hypothesis 3: There is a significant relationship between Bank's risk and Bank's return on equity of commercial banks in Bangladesh. Conceptual framework It is proposed that bank's market concentration, bank's market size, and ank's risk are important in the context oftheir relationships with bank's return on equity. Based on the preceding literature review, the following framework was proposed. Nadim Jahangir, Shubhankar Shill and Md. Amlan Jahid Haque The conceptual Mework (figure 1) depicts sample size is trimmed down to 15 because of the measured variables and their relationships in inaccessibility of data. To run the analysis data the present study. fiom the year 2000 to 2005 data were used. Measures Methodology Research setting To calculate profitability of selected banks, the following ratios were used: Only the listed banks n the Dhaka Stock . Bank's return on equity (ROE) = Exchange were selected for this study. The Net Income / Total Equity researchers collected secondary data from the annual reports of these banks. Market size= Individual bank's deposit / Total banks' deposit Srrr~lpliilg nlethod Market Concentration index = Market size Currently the Dhaka Stock Exchange has 23 listed banks. Therefore, the researchers have . Bank Risk Measure = selected 23 banks in Bangladesh. However, the Bank's total loan / total deposit Bd's Market Concentration Bank's Market Size. B'd's Risk Bank's Return on Equity Figre1 : Conceptr~lFramework of proposed variables and their relationshps. Examination of Profitability in the Context of Bangladesh Banking Industry The relevant reasons and credentials behind the above measures ofprofitability ofbanks are as follows: According to Al-Shamrnari M. and Salirni A. (1 998) profitability ratio especially ROE signals the earning capability of the organization. They also suggest that higher return on equity (ROE) ratio is appreciable as it is the primary indicator ofbank's profitability and functional efficiency. Besides that the authors pointed out that higher liquidityratio pulls strength of peration up. Thus, fiom their view it can be stated that bank risk can be offset through lower loan-to-deposit ratio. For bank, the capital sufficiency is important to fiu-ther growth as well as profitability. Conversely, more loans derive higher credit risk, higher rate of nonperforming loans, and lower return on asset as well as equity. They provided a data envelopment analysis (DEA) model to explore the financial position ofcommercial banks in Jordan. Therefore, ROE is used here to measure the profitabilitywhich is the most sought after measure among all. Philippatos andYildlrim (2007) recommended that the arket attractiveness and profitability has a positive relationship in the context of monopolistic banking business. Force of lending can pull up through increase efficiency of own capital and competency. However, earlier in 1977, Heggestad explained that if the individual bank has higher market share it is sure to enjoy monopoly which helps the bank to extend market concentration and reduce risk. The ultimate result is the increase ofreturn on equity (ROE). He also said that risk is a fimdamental factor in pulling up profit. But, market size diverts risk hm business and confirms smooth growth and secured ROE.

Being Rebellious Gains Nothing: Romeo and Juliet Essay

In Romeo and Juliet by William Shakespeare, there are occurrences that cause the two lovers to rebel against various things which can prove disastrous in the end. Romeo and Juliet is a play where two lovers are caught in the middle of family feuds and even though they have to sneak around, they will stop at nothing to be together. They both go against basic rules that are set by their families, the law, and their own judgment. They will do anything to be together and do not realize the consequences of their actions. Although Romeo and Juliet believe they should do whatever they have to do in order to be together, their rebellion against family, laws and rules, and personal judgment proves foolish in the end because it causes their tragic deaths. Throughout their lives, Romeo and Juliet have been controlled by their families and in order to be together, they end up rebelling against their families wishes which contributes to their deaths. Juliet’s parents only want what is best for her. While they want her to get married to a nice man, she wants no part in the marriage because she wants to be with Romeo. Her parents do not know that she wants to be with Romeo; all they know is that she is being obstinate about marrying the nice man they have picked for her. Juliet says, â€Å"He shall not make me there a joyful bride! †(3. 5. 122). She is talking to her parents about how she refuses to get married to Paris, the man they want her to marry, but she will not tell them why all she says is that she does not want to be married. Once her father hears this, he is beyond furious and tells Juliet that if she does not agree to get married he will kick her out and even if she is homeless on the streets he will just walk past her. Even after her father says this, Juliet is still persistent about being with Romeo when she says, â€Å"I’ll to the Friar to know his remedy/ if all else fail, myself have power to die† (3. 5. 254-255). She would rather die to be with Romeo and give up everything she has ever had in her life, than just go along with her parents’ wishes. Juliet betrays her parents when she fakes her own death, and she does all of this because she wants to run away with Romeo. If Juliet had not of rebelled against her families’ wishes, she would have most likely been married to Paris, not dead. Romeo and Juliet are willing to do anything to be together, even though in the end some of the choices made to rebel against the law cause their tragic deaths. The Capulet and Montague families are continually involved in fights and recently the Prince told them if they were even in another fight, whoever is involved will be killed. After this proposition is made, Tybalt starts a fight where Romeo ends up killing Tybalt. This fight violates the Prince’s rule and Romeo did not want to kill family even though he could not tell anyone he was family. The Prince’s rule is clearly stated when he says, â€Å"Three civil brawls bred of an airy word/ by thee, old Capulet, and Montague,/†¦if ever you disturb out streets again, your lives shall pay the forfeit of the peace†( 1. 1. 91-99). Over the past weeks there have been three fights between the Montagues and Capulets and the Prince says whoever is in the next fight will pay; Romeo is ironically trying to stop a fight because of the rule and ends up breaking the law and betraying Juliet by killing a member of her family. Killing Tybalt not only breaks the law, but also means that he will be on the run and unable to see Juliet. Romeo goes on the run because Benvolio says, â€Å"Romeo, away, begone! / the citizens are up, and Tybalt slain/ stand not amazed. The Prince will doom thee death/ if thou art taken. Hence, be gone, away†(3. 1. 138-141). Benvolio is single handedly telling his friend to break the law and flee the scene, which just encourages Romeo to sneak around and see Juliet. No one wants Romeo to get hurt or get in trouble because he is just trying to break up a fight, but what no one knows is that if he is on the run he cannot see Juliet either. Because of Romeo being banished, he can no longer see Juliet unless they sneak around, lie, and try to run away; if they had followed the rules in the first place they might not have been in this debacle. Romeo and Juliet thought they were in love and would do anything to be together; ultimately trying to be together leads to their unfortunate deaths. The biggest thing Romeo and Juliet rebel against, which leads to their deaths, is their own judgment. They both know in their minds that what they are doing is not right, but the feeling of love, true or not, overrides their personal judgment. Romeo and Juliet make comments on how rash and quick their decisions are, but often contradict themselves later. They know the risks of their relationship, but they think they are in love and nothing can stop them. Romeo says, â€Å"Then love-devouring death do what he dare,/ it is enough I may but call her mine†2. 6. 7-8, but Friar Lawrence replies, â€Å"these violent delights have violent ends†(2. 6. 9). Romeo does not care what happens to him and even though he knows in the back of his mind the results will probably not be good he still just wants Juliet. All he cares about is making Juliet his no matter what the costs are or no matter what he thinks. Even though Friar Lawrence says this ambition to make Juliet his may have a terrible end, Romeo does not care at all. He does not care what happens and his carelessness may have ended up killing him and Juliet. Juliet is the same as Romeo and does not listen to herself. She says, â€Å"It is too rash, too unadvised, too sudden†2. 2. 125 but several lines later, Juliet says, â€Å"if that thy bend of love be honourable/ thy purpose marriage, send me word to-morrow† (2. . 151-152). She knows that she does not want or need to get married, yet somehow Romeo convinces Juliet that they need each other with his poetic way of speaking and even though she clearly knows this is an immediate and unreasonable decision she still says she will marry him. In the back of their minds they know what is right, but choose to do what they want to do instead. Throughout their relationship, Romeo and Juliet make many quick decisions that go against their personal judgment and most likely cause their terrible deaths. Romeo and Juliet rebel against many things in their relationship that include families, laws and rules, and personal judgment which cause their deaths. Even though Romeo and Juliet are kids and may have actually been in love, they made poor decisions regarding how to deal with their relationship. Juliet completely rebelled against her parents’ wishes of her getting married to Paris and would rather die than marry Paris. Romeo and his friends ignore and blatantly disregard laws and rules put in place to keep order in their town. Finally, Romeo and Juliet both go against their own personal judgment; they both know what the right thing to do is, they just choose to do what they want. Romeo and Juliet both die stupidly in the end of the play all because they were trying to sneak around, rebel, and disregard other people and their wishes or rules. In the end of the play all it took for two teenagers to die is sneaking around and trying to rebel against others; so in the end, everyone knows what the right thing to do is whether they like it or not and not doing the right thing can cause even worse events to happen.

Exam Guide Econs

. Assume a monopolist faces a market demand curve P = 100 – 2Q, and has the short-run total cost function C = 640 + 20Q. What is the profit-maximizing level of output? What are profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that represents deadweight loss on the graph. 3. In question 2, what would price and output be if the firm priced at socially efficient (competitive) levels? What is the magnitude of the deadweight loss caused by monopoly pricing? 4. Show that if a firm is a natural monopoly, a government policy that forces marginal cost pricing will result in losses for the firm. . Suppose a change in technology available to fringe firms increases their elasticity of supply, altering the total fringe supply curve from p = 5 + Q, to p = 5 + 2Q. If market demand is Q = 20 – p, show the change in the residual demand curve using a graph. Is the dominant firm better off or worse off after the change? 6. If a monopolist has consta nt marginal cost MC = 20, and faces demand p = 80 – Q, what is the effect on consumer surplus of a $5 per unit tax on sellers? Is the tax revenue collected less than, equal to, or greater than the consumer surplus loss plus the reduction in profits? 7.Suppose a legislator introduced a bill that would decrease patent life for new drugs from 17 years to 10 years, based on the argument that it would reduce deadweight loss through lower prices. What argument could you make against such a change? 8. Suppose a monopoly is for sale. What specifically must be purchased by the buyer in order to retain its market position? How much would it be worth? 9. Suppose a monopolist faces a market demand curve Q = 50 – p. If marginal cost is constant and equal to zero, what is the magnitude of the welfare loss? If marginal cost increases to MC = 10, does welfare loss increase or decrease?Use a graph to explain your answer. 10. The chapter notes that one possible alternative to regulation is for the government to encourage competition. Would this be an efficient mechanism to increase efficiency in an industry where the incumbent firm is a natural monopoly? 11. If a monopoly firm sells a product with price $100, whose marginal cost is $30. What is the price/ marginal cost ratio? What is the Lerner Index? And what is the demand elasticity the firm believes it faces? 12. Suppose a monopoly firm with a constant marginal cost 10 faces an inverse linear demand function p = 50 – Q.What would be the profit-maximizing price and quantity if its marginal cost doubles? How does it compare to the outcome with original cost? Answers 2. First, derive the MR and MC functions; then set MC = MR and solve. See Figure 11. 1. Deadweight loss is equal to area abc. P = 100 ? 2Q R = 100Q ? 2Q 2 MR = dR/dQ = 100 ? 4Q MC = 20 100 ? 4Q = 20 Q* = 20 p* = 60 ? = 1200 ? 1040 = 160 Figure 11. 1 3. To solve for the competitive price and output, set MC = p. 20 = 100 ? 2Q * QC = 40 * pC = 20 The magnitude of the deadweight loss is $400, which is the area of triangle abc in Figure 11. 1. 4. See Figure 11. 2.If the firm is a natural monopoly, AC falls throughout the range of demand. When AC is falling, MC is below AC. By forcing the firm to price at marginal cost, revenue would be less than cost, and the firm would incur losses equal to area abcd. Figure 11. 2 5. See Figure 11. 3. The change in technology reduces the slope of the fringe firm supply curve, allowing them to supply more of the total demand at all prices above $5, making the dominant firm worse off. Figure 11. 3 6. The $5 tax increases MC to $25. Quantity falls from 30 to 27. 5, and price increases from $50 to $52. 50. Consumer surplus falls by $71. 875 (from $450 to $378. 25). Profits fall by $143. 75 (from $900 to $756. 25). Tax revenue collected is $137. 50 ($5 ? 27. 5 = $137. 50). See Figure 11. 4. Figure 11. 4 7. In order for the legislation to have a net positive effect, any social cost must be more tha n offset by the lower prices when the patent expires. Firms would engage in less research and development. If a firm believed that a project could only become profitable in the 11th through 17th year of the patent, it would not be funded, or may be funded at a less than efficient level. The reduction in health that occurs as a result represents the social cost of the policy. . The buyer would have to purchase whatever the source is of the monopolist’s barrier to entry, for example, a patent, or the control of a resource needed for production. The value of a barrier to entry is the discounted stream of profits that a monopolist could expect to earn from that monopoly. In the case of a patent it would be the discounted stream of profits that could be earned in the remaining years before the patent expires. 9. See Figure 11. 5. When marginal cost is zero, the firm sells 25 units of output for $25 per unit. The welfare loss is equal to the area of triangle abc, or $312. 50.When m arginal cost increases to $10, the firm reduces output to 20, and the new welfare loss is def, or $250. 00. Figure 11. 5 10. No. If the incumbent firm is a natural monopoly, to encourage entry through any form of assistance or subsidy will reduce overall efficiency and lead to increased prices, because cost increases as per-firm output decreases. 11. The price/marginal cost ratio will be 100/30 = 3. 33. Its Lerner Index is 70/100 = 0. 7 and the firm believes it faces a demand elasticity of –1. 43. 12. Under MC = 10, we have 10 = 50 – 2Q, hence Q = 20 and p = 30. With the new marginal cost, we have 20 = 50 – 2Q. Hence Q = 15 and p = 35.