Painting the Black essays

Painting the Black articles This book is called Painting the Black. It is about a senior kid name Ryan who likes to play baseball. In this book, he will confront numerous issues in front of his life during senior year in secondary school. He will experience issues that may impact his baseball year and fellowship as well. He is very The structure of this book is a vertical. Ryan manages issues when he broke his lower leg and couldnt play baseball any longer however his companion Josh who simply moved in the house got him out and showed him how to play baseball once more. At that point from that point onward, Josh join the football crew and he was a well known football player and Josh didnt trouble conversing with Ryan. At that point Josh was frantic at a young lady name Monica Roby and as a joke he assault her with a wolf cover on so she wouldnt notice however Ryan witnessed what and knew whose cover that was. Josh realized that Ryan knew and instructed him not to tell anybody yet everybody was asking him who did it like his folks, the head, Mr. Roby, Mrs. Roby, and Detective Langford. As Ryan attempt to make the best choice a few This was a Man versus Society strife. Ryan knew whether he told on Josh of what occur at the time Monica Roby was being assault then the entire baseball group would abhor him. Another was the point at which he was up batting before in the book he continued reasoning in the event that he miss than the individuals will begin despising him since he lose the game. Ryan needed to be a mainstream kid yet he couldnt play well in baseball due to his lower leg. He at last work it out and began improving his lower leg by doing push ups and lifting loads. He needed to show the school how great he is in baseball as a catcher. Another was when Monica was assault everybody began to ask him who assault her yet he didnt need answer yet then one day he answer and said Josh did it. It got everybody frantic in the baseball crew and they lose the game. ... <!

Free Essays on GM to Sue California

The Wall Street Journal Date: Monday February 26, 2001 Article Title: GM’s Move to Sue California Over principles On Emmissions Leaves Auto Makers Split. On Friday February 23, General Motors Corp. documented a claim in California Superior Court against the state Air Resource Boards that by 2003 all vehicles and light trucks sold or rented in California by large manufacturer’s radiate no contamination. Portage Motor Co. what's more, Daimler Chrysler AG chose not to embrace GM’s lawful endeavors. GM says that the new guidelines and are both financially and mechanically hard to meet. Air pigs authorities felt that they were not being absurd, and that GM ought to depend on their architects instead of their legal counselors. This suit can have huge effect on the grounds that different states have just consented to a similar discharge manages as CA. Passage gave an explanation that it was set up to meet the necessities and that they are traveled toward this path at any rate by promising to attempt to improve the gas mileage on the entirety of their game utility vehicles by %25 more than 5 years. Toyota Motors Corp., said they are not anticipating taking any piece of this even idea they have been contending similar issues. GM says that they have been making a decent attempt to tidy up the air in CA.. They presented their battery controlled vehicle their five years prior, and have provided electric force travel transports too. GM says that deals of electric vehicles has been little to the point that they may need to depend on selling golf truck like vehicles. They state they are not being given sufficient opportunity to meet the standards.... Free Essays on GM to Sue California Free Essays on GM to Sue California The Wall Street Journal Date: Monday February 26, 2001 Article Title: GM’s Move to Sue California Over guidelines On Emmissions Leaves Auto Makers Split. On Friday February 23, General Motors Corp. recorded a claim in California Superior Court against the state Air Resource Boards that by 2003 all vehicles and light trucks sold or rented in California by enormous manufacturer’s emanate no contamination. Portage Motor Co. furthermore, Daimler Chrysler AG chose not to underwrite GM’s legitimate endeavors. GM says that the new norms and are both financially and innovatively hard to meet. Air hogs authorities felt that they were not being absurd, and that GM ought to depend on their designers as opposed to their legal advisors. This suit can have enormous effect on the grounds that different states have just consented to a similar discharge administers as CA. Passage gave an explanation that it was set up to meet the necessities and that they are traveled toward this path at any rate by promising to attempt to improve the gas mileage on the entirety of their game utility vehicles by %25 more than 5 years. Toyota Motors Corp. , said they are not anticipating taking any piece of this even idea they have been contending similar issues. GM says that they have been making a decent attempt to tidy up the air in CA.. They presented their battery controlled vehicle their five years back, and have provided electric force travel transports also. GM says that deals of electric vehicles has been little to such an extent that they may need to fall back on selling golf truck like vehicles. They state they are not being given sufficient opportunity to meet the standards....

Biography of Jacob J.Lew, Former Treasury Secretary

Account of Jacob J.Lew, Former Treasury Secretary Jacob Joseph Jack Lew (conceived Aug. 29, 1955) filled in as the 76th United States secretary of the treasury from 2013 to 2017. Designated by President Barak Obama on Jan. 10, 2013, Lew was affirmed by the Senate on Feb. 27, 2013, and sworn in the following day to supplant the resigning Treasury Secretary Timothy Geithner. Prior to his administration as treasury secretary, Lew filled in as chief of the Office of Management and Budget in the organizations of Obama and President Bill Clinton. Lew was supplanted as secretary of the treasury on Feb.13, 2017, by President Donald Trump’s chosen one ​Steven Mnuchin, a financier and previous multifaceted investments director. Quick Facts: Jacob J. Jack Lew Known For: 76th U.S. Treasury Secretary under previous President Barak Obama, additionally filled in as head of staff under Obama and executive of the Office of Management and Budget under both Obama and previous President Bill ClintonAlso Known As: Jacob Joseph. Jack LewBorn: Aug. 29, 1955 in New York CityParents: Ruth Turoff and Irving LewEducation: Harvard University (BA, 1978), Georgetown University (JD, 1983)Awards and Honors: Honorary Doctorate of Humane Letters (Georgetown University, 2014)Spouse: Ruth SchwartzChildren: Shoshana, IsaacNotable Quotes: The financial plan isn't only an assortment of numbers, however a statement of our qualities and goals. ... In my last voyage through obligation here during the 1990s, we made the intense, bipartisan choices expected to bring our spending plan into overflow. By and by, it will take extreme decisions to put us on a reasonable monetary way. Early Life and Education Lew was conceived on Aug. 29, 1955, in New York City to Irving Lew, a legal counselor and uncommon book seller, and Ruth Turoff. Lew went to New York City state funded schools, moving on from Forest Hill High School, where he met his future spouse Ruth Schwartz. Subsequent to going to Carleton College in Minnesota, Lew moved on from Harvard University in 1978 and from the Georgetown University Law Center in 1983. Government Career While engaged with the government for about 40 years, Lew has never held a chosen position. At only 19, Lew functioned as an authoritative helper to U.S. Rep. Joe Moakley (D-Mass.) from 1974 to 1975. In the wake of working for Rep. Moakley, Lew functioned as a senior approach counsel to renowned Speaker of the House Tip ONeill. As a counsel to ONeill, Lew filled in as official executive of the House Democratic Steering and Policy Committee. Lew likewise filled in as ONeills contact to the 1983 Greenspan Commission, which effectively arranged a bipartisan authoritative arrangement expanding the dissolvability of the Social Security program. Also, Lew helped ONeill with financial issues, including Medicare, government financial plan, charge, exchange, spending and allotments, and vitality issues. Clinton Administration From 1998 to 2001, Lew filled in as chief of the Office of Management and Budget, a Cabinet-level situation under President Bill Clinton. At OMB, Lew headed up the Clinton organizations spending group and was an individual from the National Security Council. During Lews three years as leader of the OMB, the U.S. financial plan really worked at an overflow just because since 1969. Since 2002, the spending plan has endured an ever-expanding deficiency. Under President Clinton, Lew additionally helped plan and actualize the national assistance program Americorps. Among Clinton and Obama Following the finish of the Clinton organization, Lew filled in as official VP and head working official of New York University. While at NYU, he showed open organization and took care of the universitys spending plan and funds. Subsequent to leaving NYU in 2006, Lew went to work for Citigroup, filling in as overseeing executive and head working official for two of the financial mammoths specialty units. From 2004 through 2008, Lew likewise served on the top managerial staff of the Corporation for National and Community Service, leading its Management, Administration, and Governance Committee. Obama Administration Lew first joined the Obama organization in 2010 as representative Secretary of State for Management and Resources. In November 2010, he was affirmed by the Senate as chief of the Office of Management and Budget, a similar office he held under President Clinton from 1998 to 2001. On Jan. 9, 2012, President Obama chose Lew as his White House head of staff. During his time as head of staff, Lew went about as a key moderator among Obama and Republican Speaker of the House John Boehner in endeavors to evade the supposed monetary bluff, the $85-billion constrained spending sequestration and assessment increments for affluent Americans. In a 2012 article composed for the HuffPost, Lew clarified the Obama organizations plan for diminishing the U.S. shortfall as including: cutting $78 billion from the Department of Defense financial plan, raising the annual duty rate for the top 2% of salary workers to what they were during the Clinton organization, and lessening the government charge rate on partnerships from 35% to 25%. In my last voyage through obligation here during the 1990s, we made the intense, bipartisan choices expected to bring our financial plan into overflow, composed Lew. Indeed, it will take extreme decisions to put us on a maintainable monetary way. After Washington After Lews administration in Washington, he came back to Wall Street to join a private value firm. He is likewise a much-looked for after observer on link news appears, on issues running from the condition of the economy to financial relations with China. Sources â€Å"Jacob J. Lew.†Ã‚ Jacob J. Lew | Columbia SIPA.Meredith, Sam. â€Å"More Bumps in the Road before US-China Trade Deal, Former Treasury Secretary Jack Lew Warns.†Ã‚ CNBC, CNBC, 26 Mar. 2019.Mittelman, Melissa. â€Å"Jack Lew Goes Back to Wall Street.†Ã‚ Bloomberg.com, Bloomberg, 20 Nov. 2017.Nottingham, Melissa. â€Å"Ruth Schwartz-Secretary of Treasury Jacob Lews Wife.†Ã‚ WAGPOLITICS.COM, 1 Oct. 2013.

Was Hamlet Crazy - Free Essay Example

Shakespeares Hamlet is a complex piece of literature in its entirety. In fact, the story is so multi-fauceted that it is almost open to interpretation, which many scholars argue that this was actually Shakespeares intention. Nonetheless, a variety of points of views come to mind as the story unfolds, accompanied by an even broader variety of themes. For instance, pieces of the plot and the way in which they were articulated demonstrate perspectives such as traditional revenge trajety, Fruedian elements, religious, Marxists approach of mourning, and most importantly, a Philosophical or existential approach. Hamlets epic tale of loss, self discovery, morality, and faith, alongside the variety of thematic approaches, all spark the question: was Hamlet crazy? This question is not merely subject to debate, but is impossible to prove or solve because psychological soundness knows no specific criteria to meet in order to be either sane or not; the concept in itself is usually too nuanced for a reader to find irrefutable proof about someones sanity, especially a round character like Hamlet. However, Shakespeare intended to depict lessons regarding morality and the inner workings of humanity as a whole, and had he written Shakespeare to be completely mad to the point where his decision making may differ from the majority of the human race, such themes would be lost and so would the majority of the storys meaning. In essence, each perspective and point of view listed previously bleeds together and helps understand this piece of literature in its own unique way, while also dealing with the running continuity regarding Hamlets sanity. For example, Freudians structural theory details how experiences/adversity a person faces shapes behavioral habits and personality traits. The main and defining conflict Hamlet faces is the fact that he is supposed to avenge his fathers death by killing his uncle. In his fear and uncertainty, Hamlet takes a lot of time to stall and think about whether or not Claudious was truly the perpetraitor and that the ghost was really his father. This is the way he operates all throughout the story, opting to convince himself he needs more time to think when he is truly just afraid to face the music. In his famous to be, or not to be speech (act three, scene one) , Hamlet dramatically articulates his conflict within himself: his unease about whether or not he should be a thinker or a doer, i.e to be or not to be. According to Freud, Hamlets personality begins to manifest in a narcissitic manor because he deludes himself into believing that he is not a coward, but a carefully calculated and clever man who is a thinker before a doer not because hes afraid, but because he is intellectually superior to his foes. In retrospect, some may argue that this perspective is slightly reaching, but in reality Hamlets delusions are irrefutably what drives him most of the time to continue working towards his mission. Additionally, Hamlets cold and callous demeanor towards Ophelia resulted only after the death of his father. This attests to Freuds viewpoint by depicting Hamlets drastic change in his attitude towards everyone, (primarily ophelia), as a result of his grief stricken rage because of his fathers death. Traditional revenge tragity is another prominent interpretation of the story. In short, it is a dramatic genre based on the principal revenge and its consequences. (editors of britanica,7)This interpretation comes into play during Hamlets battle within himself and his own sense of morality when he is told to avenge his fathers death by killing his own uncle, who had allegedly slain his father, the prev ious king. In Hamlets desperation to escape this tragic reality, he searches for every reason to avoid killing his uncle, but it is revealed in scene one of act three that the ghost was in fact his deceased father, and claudious in fact killed him. Upon this recollection, Hamlet had no choice but to avenge his father, but still continued to struggle with his execution. However at the end of the story, after many accidental deaths and dramatic monologues happened along the way, he does eventually kill him. This perspective is perhaps the more obvious of the bunch, but also one of the mo st important as it aligns with the plot almost perfectly. This theoretical genre was particularly popular during the time period this was written, and it is renowned for finding its expression primarily in Hamlet. (editors of britanica, 1). In the play, Hamlet can be interpreted as a religious figure, symbolizing protestantism in particular, while the ghost of his father represents Roman catholocism. Because the king(now ghost) was murdered before he was able to pray and confess his sins, he was sent to hell because god wasnt able to forgive him for not expressing remorse or praying about his sins. (revealed in acts 3 in scenes 1-2)This religious interpretation is yet another very important viewpoint, because it provides some perspective to the story and helps the audience to make their own interpretations about the bigger picture, which has always been shakespeares intention in his works. Religion is a major contributor to the plot in itself, because had it not been an element in the play, there would have been no climax or conflict at all. If religion wasnt incorporated, Hamlet would have no incentive to kill his uncle, because his father wouldnt have been in hell and he wouldnt have been able to tell anyone what actually happened to him, thus resulting in zero conflict at all. Without this interpretation the reader would have no basis of understanding the play at all, and greater themes regarding maintenance of faith and morality, humanity, etc. It paved the way for the most important turning point of the story and then provided some extra context by employing religious aspects to help contextualize the time period and belief systems of people during that era,(chambers,1) so that the plot and lessons are not lost to the different shakespearian vernacular and different belief systems and societal norms than people of today uphold. Marxisms concepts of death and society is derived from his philosophical viewpoints of the world and the way he sees things. According to him, burial remains are an expression of the intangible world and religious belief, (Lull, 2). In act 5, scene 1, Hamlet discovers that Ophelia and has killed herself, and in a grief stricken haze he jumped into her grave and cried for her and he declared his love that hed led her to believe he no longer had for her. Interpretations such as this one are made by means of formal symbolism and analogy both historically and in literature such as hamlet. This interpretation can also be applied to Hamlets loss of his father and how he seemed to have lost some of his sanity wallowing in his grief. Again, concepts of the grave and mourning and symbolism come into play here in hamlets desperation to hold on to his wits during the climax of the story, however he seems to have folded considerably after the series of events that occured in the story and the wa y that they did. Hamlet carries with him the weight of his grief and the overwhelming sense of loss of his loved ones, which arguably led to his undoing. In addition, Hamlets spiraling and mania raised concern for side characters such as the queen, who was unaware of the underlying events that took place and just chalked it up to her son losing his mind over the loss of his father. This belief was deemed acceptable, especially seeing as Ophelia had met the same fate when her father passed at the end of the story. Psychologically speaking, it can be interpreted that Hamlet really did lose his sanity as a result of the adversity hed faced both publicly and in private, as well as all that hed lost, people and himself alike. Existentially, Hamlet expresses many feelings of confusion towards his place in the world and his sense of self, hence his famous to be or not to be tangent. Whether or not Hamlet went crazy is up to the interpreter, however it is likely that Shakespeare would argue that he was never unreasonable mad, that anyone in those circumstances would be. Because Shakespeares lessons regarding humanity would be completely under-represented if Hamlet was painted as some crazy outlier of the majority of humanity. (chambers,1) interpretation helps elevate the plot in the way in which it questions humanity and our capacity to withstand adversity, as well ass present themes of power and greed and their repercussions. Essentially, this viewpoint serves as an examination of humanity as a whole and our resilience or weakness depending on the interpreter.(chambers,5) In conclusion, Shakespeares Hamlet can be interpreted in a multitude of ways, some of which are essential to both the plot and character development of the play. Each interpretation serves to question the integrity of humanity (as well as explore themes of the psyche of human nature, etc) in their own seperate ways. Without these interpretations, the underlying lessons of the play and even some large aspects of the plot wouldnt be recieved by a reader, which is why it is imperative that they are recognized and analyzed. Works Cited Britannica, The Editors of Encyclopaedia. Revenge Tragedy. Encyclopedia Britannica, Encyclopedia Britannica, Inc., 31 Mar. 2016, www.britannica.com/art/revenge-tragedy. JourneyHolm. Analyzing the Theme of Religion in William Shakespeares Hamlet. Owlcation, Owlcation, 5 Apr. 2017, owlcation.com/humanities/Analyzing-William-Shakespeares-Hamlet-from-a-Religious-Context. Dolor, Lull, Vicente. Death and Society: A Marxist Approach. users.clas.ufl.edu/davidson/arch%20of%20death/Week%2015/Lull%202000.pdf. Lorem ipsum dolor sit Political and Social Satire of Aristophanes, www.theatrehistory.com/british/critical_appreciation_of_hamlet.html.Dolor, L.I. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh. New York: Columbia UP, 1998. Print. Doe, R. John. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh, 1998. Print.

Research Paper Topics on Cyber Security and Identity Theft

Research Paper Topics on Cyber Security and Identity TheftIf you want to conduct a research paper for your course in cyber security and identity theft, the first thing you need to know is which research paper topics to research. First of all, you need to understand that there are many important things to know about this topic. A lot of people have lost money and personal information, while some have been victimized by identity thieves. As such, it's necessary to research cyber security and identity theft on your own first before you submit your work for review.One of the most common research paper topics on cyber security and identity theft are published by law enforcement officials. For example, if a major cyber crime has been committed, the authorities will publish it on their website. However, the website is normally filled with poorly written content that can be very frustrating to read. In addition, when you conduct your own research on the topic, you may come across links to un reliable and outdated websites.The second most common research paper topics on cyber security and identity theft involve researches of the history of these issues. The laws that govern these issues and what they're intended to accomplish have changed over the years. As such, it's very important to research current laws that apply to the cyber crimes that you're investigating.The third most common research paper topics on cyber security and identity theft include those conducted by cyber security professionals. While you can find many tips and advice on how to protect yourself online, you'll find that these professionals often do not have a good understanding of the laws surrounding identity theft. They often misinterpret the meaning of the legislation that they discuss on their websites. Therefore, you'll find that the research that they provide is usually ineffective.These research paper topics also touch on consumer protection issues. There are many times when consumers will get t heir credit reports corrupted due to identity thefts. The information on their credit reports may be incorrect and may make it impossible for them to pay their bills or get credit, because their names and addresses will be displayed incorrectly.Another common research paper topics on cyber security and identity theft deal with identity theft alerts. Many people, especially those who are new to computers and the internet, will get an alert that their information has been compromised. These alerts often come from someone who has a grudge against them or may have stolen their credit card information.Because of the changing nature of legislation and legal changes, there are new laws being passed every day. Therefore, as new laws are being implemented, they are being interpreted differently. Therefore, when you conduct your research paper on cyber security and identity theft, you need to know which laws have changed in recent months, and therefore which laws you should keep up to date wi th.As you can see, there are many research paper topics on cyber security and identity theft that you can research. It really depends on the situation and your own individual needs and wants. However, if you're serious about making a name for yourself as a cyber security expert, then you need to be proactive and learn as much as you can about the subject.

Globalization A Way Short Introduction - 928 Words

The Book Globalization: A way short Introduction by Manfred B. Steger was a great book. Out of all the books I have to read for classes and etc. this one was one of the best reads. I learned so many things that I never have thought about in globalization. Generally people just know it as spreading one’s ideals into the world. But after reading this book I was able to really learn about the effects and consequences of the globalization. I also learned that globalization really affects everyone around the world pretty heavily. There were many new and important Ideas I learned from this book, but there were also some that I did agree on. I really liked the section that talked about how globalization is a contested concept. The term â€Å"globalization† didn’t even exist until 1940’s in the English language. It only is mentioned and talked about because it was happening. Before the 20th century there really wasn’t much globalization happening in the world. Most countries in world pretty minded their own business. Because of this, no one really contested on the topic of globalization. Since the 20th century, the world entered the Global age due to wars and etc. Since then the concept of globalization has been contested. Whether it is an idea or process, people have been debating what globalization really is. I really liked this idea because globalization is such a huge â€Å"thing† in our world that has drastic effects and consequences. Free trade was one of the biggest ideas that cameShow MoreRelatedGlobalization and the Art Market605 Words   |  3 Pages2015 Globalization and the Art Market The expression globalization is universal and loose. In any case, it is important to consider what it implies for the craftsmanship market and the most extensive circle of aesthetic creation. According to Manfred B. Steger’s book, Globalization: A Very Short Introduction, the term globalization refers to the â€Å"expansion and intensification of social relations and consciousness across world-time and world-space† (Steger). In other words, globalization appliesRead MoreGlobalization: A Form of Colonialism1243 Words   |  5 PagesEven with resistance and efforts from independent states after the war, colonialism did not disappear and continued as a dominant system. It remained and changed its form, resulted in the process of globalization, which continued to control over newly independent states following World War II. Globalization, a form of colonialism, maintained power for the system over states or regions through economic terms with the development of the World Bank, and its derivation of structural adjustments. This financialRead MoreGlobalization : A Very Short Introduction1372 Words   |  6 Pages There are many ways to look at and understand modern globalization. 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Introduction This assignment is about critically analyzing and comparing the Toyota Company and Volkswagen. 1.1 Introduction of Toyota Toyota Motor Corporation is a multinational company and the 3rd largest automotive manufacturing company in the world, but most profitable and is headquartered in Toyota city, Japan. It produces cars, robots, buses and trucks. It was founded in 1937 and launched its first car (SA Model) in 1947. It has 56 manufacturing companies in 26 countries and 6 continentsRead MoreForeign Assistance And Debt Relief1183 Words   |  5 PagesMaking Globalization â€Å"Work† Globalization has been and probably will always be a problem for every nation. From poverty in the obvious countries such as Africa and Russia to unemployment all over the world, a lot of people and countries have been hurt financially and economically by globalization. Joseph Stiglitz, a Nobel-prize winner and former chief-economist of World Bank, has taken into consideration all the aspects that could make globalization a positive thing for everyone. As he states in

Business Economics The Price of Crude Oil

Question: Describe about the Business Economics for The Price of Crude Oil. Answer: Part 1 In the year 2015, the price of crude oil has decreased from $50.00 to $45.90. In this situation demand of crude oil has increased. This relationship between demand and price can be analyzed by law of demand theory of economics. Law of demand states that quantity bought of goods and service is a function of price. If the price of the product increases, demand of the product falls. However, if the price of the product decreases, demand of the quantity increases (Marshall, 2013). Below curve shows the response of quantity demanded due to the change in price. Demand curve is downward slopping; it indicates negative relationship between the price and demand. In the above curve, quantity is on the x-axis and the price is on y-axis. When price is (P1) then demanded quantity is (Q1). However, when price is decreased from P1 to P3, quantity demanded increase from Q1 to Q3. The above curve analyzes the negative relation in demand and price. 2. Over the period of last 6 month in 2015, price of crude oil has decreased by 30% and demand of crude oil has increased by only 2%. In the given situation, crude oil has an inelastic demand. Inelastic demand means if price of good changes by 1% then demand of good changes by less than 1% (Mucka, 2016). If the price goes up, buying habit of consumer stay same. At the same time, price of the good and service goes down, consumption remain unchanged. 3. Yes, the opinion expressed in source 1 related to the price elasticity of demand is acceptable. Demand elasticity of a commodity is influenced by the nature of its product. Crude oil is necessity good for a person like the manufacturer and producer of the oil. Hence, demand of oil is not much affected with fluctuations in price. Lower price of oil does not encourage more consumption and vice versa. At the same time, producer of the crude oil are willing to pay higher price to buy the raw material that is used to produces the crude oil, which they need (McEachern, 2016). As it can be analysis that crude oil is a necessity good and there are less substitutes available for the product related to crude oil, the demand for it is inelastic. 4. On the basis of the previous question analysis, producer should increase the price of oil because the demand of the product is inelastic. Price inelasticity of demand is beneficial for business in terms of profit. Additionally, in case of inelastic demand percentage change in demand is less than percentage change in price (Torras et al., 2015). It can be understood with the help of inelastic demand curve, which is as under- Figure 1: Inelastic Demand Curve From the above curve it is analyzed that when price of the product is P1, demand of the product Q1. At the same time, price is increased from P1 to P2; quantity demanded of the product is decreased from Q1 to Q2 that is a very less change in the quantity. In this situation, loss of the customers will be recovered by charging higher price from the existing customers. 5. As per the source 2, shale oil revolution has raised the production trend by 73% in the year 2008 to 2014 in US. Earlier, the crude oil production depended on the natural resources thereby restricting the supply but in the present context a high price elasticity of supply is required by the firms. So firms may take some actions to increase their supply (Braeutigam and Besanko, 2010). As per the source 2, to increase the supply of oil they adopted latest technology by which production and supply is increased. It can be understand by figure given below- Figure 2: Elastic supply Curve In the figure, quantity is on x-axis and price is on y-axis. The above curve analyzes that, when production and quantity supplied increases, price of the product is increased by the firms to generate higher profit. Part 2 The super market industry is the oligopolistic market. In this market, there are only few firms that make up the overall industry. These firms have a control on the overall price and they also have higher entry barriers. Under the oligopoly market, firms follow the policy of price rigidity; it is situation where price trends stay fixed in respect to change in the supply and demand. Moreover, firms produce homogeneous products and there are few firms, which prevents the entry of new firm in the industry. It can be analyzed from the source 1 that, these firms follow different pricing strategy to attract customers like discount strategy and premium pricing. From source 2 it can be analyzed that overall retail market of Australia is covered by 3 firms and the market share of other firms is only 2% in the Australian retail market. 2. No, it is not in interest to have the price discount war. Even though discounts attract more and more customer, in case of oligopoly market, if firm decrease the price, their market share does not increase. This is because as per the kinked demand curve it is assumed that the other firms dont want to lose their market share and they decrease in pricing so the market share of the other firms will be same (Tucker, 2013). Kinked demand curve can be made as below- Figure 3: Kinked Demand Curve The above curve explains that change in the variable cost may not lead to the increase and decrease in the profit maximizing price and quantity. The business might be stable at profit maximizing equilibrium point at quantity Q1 and price P1. Woolworth and Coles should take the premium pricing strategy. It directly affects the profit and the pricing strategy that helps to meet the sales objective of the firms. According to this strategy, firms should effectively use some unique products to increase their market (Einolf and Forgang, 2015). It can be explain in context of Woolworths and Coles with the implementation of game theory that is describe as below- There are different possibilities, which represent the market share of Woolworth and Coles: If they both adopt premium pricing, they both would able to get 1% market share. If one adopted premium, the premium firm would able get 2% market share and other one would get 0% market share. If neither adopted premium pricing, they would get 0% market share. Figure 4: Game theory The best possibility for both would be adoption of the premium pricing strategy which will allow them to gain equal market share in the supermarket industry (McMillan, 2013). 3. Perfect competition is market structure for vegetables market provided by the farmers. This can be identified from source 2 which shows that there are many firms who produce homogeneous and identical products. As it can be seen in the source 1, that famers are the price taker. They have to sell their product on whatever price offered by the firms. That means price war of supermarket make it difficult for farmers to stay in the business. 4. Individual vegetables producer falling their prices due to the price war because in the perfect competition there are many farms and all the firms produce homogeneous product. If one vegetables producer try to increase the price, it would find that firms collecting vegetables from different farms. Additionally, a single farmer of vegetable is unable to affect the price of entire market (Sinclair and Caimcross, 2014). It can be demonstrated by the perfect completion demand curve, which is as below- Figure 5: Perfect Competition Demand Curve In the above curve black line indicates the marginal cost, blue line indicates the average cost and red line indicates the demand of the vegetables. The above curve analysis that in the perfect market competition demands for the vegetables is likely to be down sloping, which inversely related with the price. In the long run small farmers will be forced to leave the market, because in the perfect market competition firms are freely able to enter and exit the market in response to potential profit. The firms cannot make economic profit as well as economic loss in the long run; they can only make normal profit and break even. 5. If individual farmers improve their technology then they will be able to overcome the situation of price fall. With the implementation of new technology, famers are able to reduce their average cost in long run. It will help them in the economic gain and constant returns. After reducing the average cost, farmers will easily sustain in market for the long-run even when the price falls. Reference Braeutigam, R., and Besanko, D. (2010) Microeconomics. US: John Wiley Sons. Einolf, W.K., and Forgang, G.W. (2015) Management Economics: An Accelerated Approach: An Accelerated Approach. UK: Routledge. Marshall, A. (2013) Principles of Economics. US: Springer. McEachern, A.W. (2016) Microeconomics: A Contemporary Introduction. US: Cengage Learning. McMillan, J. (2013) Game Theory in International Economics. UK: Taylor Francis. Mucka, S. (2016) Price Elasticity of Demand and its effect on Revenue. Germany: GRIN Verlag. Sinclair, P., and Caimcross, A. (2014) Introduction to Economics. UK: Butterworth-Heinemann. Torras, M., Roach, B., Nelson, A.J., Harris, M.J., and Goodwin, N. (2015) Principles of Economics in Context. UK: Routledge. Tucker, B.I. (2013) Microeconomics for Today. 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