.... at a lower level output and charge a higher price than under perfect competition in both the short run and the long run. Consider the diagram above. Assume that this monopolist attempts to maximise profits. Equating MC=MR yields an output of Qm and a price of Pm. If the same industry existed under perfect competition however, the price would be Ppc and output would be Qpc since under perfect competition P=MC=AR. The price in such a situation would thus be lower than under monopoly and output would be greater. Consumers obviously benefit if this is the ca .....

.... its’ been but there are still far too many people in this country without jobs, and so unemployment although diminished recently, still exists. The rate will never drop to zero percent but we can never be satisfied with it, that is there is always room for improvement. In the United States economy, our trade balance is said to be stable at this juncture, however because so many other countries are suffering from economic problems, we cannot export as many as our goods as we’d like to, to these other countries. We are not receiving any money from these count .....

.... way. Morgan Motors has been building specialty sports cars for over eighty years. Morgan Motors hand assembles its automobiles in the factory to ensure the highest possible quality. This Old World craftsmanship is the foundation of the firm. Hand assembling cars makes for a considerably longer cycle time to produce an automobile, a few weeks as compared to a few hours in a more automated firm. Unlike the large volume automobile manufactures from Japan and the United States, Morgan tailor makes each car to a buyer's individual tastes. The consumer has a .....

.... labor is what employers want! “There is clear evidence that the supply of workers in the [unskilled labor] categories already exceeds the demand for their services,” says L. Mishel, Research Director of Welfare Reform Network. In view of these facts, I wonder if these trends are good or bad for society. “The danger of the information age is that while in the short run it may be cheaper to replace workers with technology, in the long run it is potentially self-destructive because there will not be enough purchasing power to grow the economy,” M. B. Zuckerman. .....

.... Utilitarianism would not provide sufficient normative direction for our dilemma. This suggests that an act is said to be right if it is as good as any available alternative, because without performing the calculus either action is equally good. In this case, this implies similar consequences would result regardless of whether decisions are made cognitively or not. Thus, because no other rule applies, we will appeal to the levels of rules to guide our actions. In this case, our obligation remains with the shareholders, or does it? This may not account for t .....

.... over the world. 2. What is the source and type of the paper and why is it used? The Standard gets their paper from wherever they can get it the cheapest. It is Recycled Newsprint. Recycled newsprint is paper that has been previously used paper that has been shredded, de-inked and then turned into pulp so it can make paper again. This type of paper is used because its economical, lightweight, recyclable and is available world wide. 3. What is the process of making the St. Catharines Standard? The First step in making the newspaper is in the advertisin .....

.... the Prudential Insurance Company to suspend life insurance policies on asbestos workers. The Johns-Manville company was a producer and supplier of asbestos in the United States. According to J-M, the company had followed asbestos safety standards, later set forth by the U.S. Public Health Service in 1938, since the early 1930’s. The firm also alleges they had no knowledge of asbestos related cancer until as late as 1964. According to the evidence presented in the text this knowledge, and the company’s apparent attempts to conceal from employees the harmful e .....

.... also to the high payroll taxes; and the under performing Canadian economy. There is no single reason for the persistent gap in the unemployment rates of Canada and the U.S., but rather a combination of the above factors. "No society can be flourishing and happy, of which the far greater part of the members are poor and miserable." (Adam Smith) This is the theory behind the creation of social services such as unemployment insurance and welfare payments in many countries. The Canadian government provides a substantial "social safety net" for its populat .....