Opportunity Cost of Going to College, Marginal Analysis Essay

Opportunity Cost of Going to College, Marginal Analysis - Essay Example This research will begin with the statement that opportunity cost in economic terms is the cost of forgoing or sacrificing the consumption of one commodity or service in order to consume and derive utility from any other service or commodity. For computing opportunity cost of any commodity one has to take into account the next best substitute that has to be forgone or sacrificed. Under economies we generally compute opportunity cost in monetary terms. Considering the opportunity cost of going to college the next best alternative that can be sacrificed is the salary that an individual can get if he instead chooses a full time job. Such compromises are made each year. If the overall degree course the individual loses an annual salary of $80,000 in the three or four years. The commodities and services of opportunity cost for attending college are listed below: Monetary cost of college: Attending college require a minimum amount that has to be spent on food, clothing. Transportation costs: The student has to spend some amount of money each for attending. For the travelling expenses opportunity costs does not remain same and fluctuates frequently. This is because the student might choose not to attend college someday or he may choose to attend extra days than he usually does due to some extra class or some particular college meeting. Income through sports: If the student is an athlete he may earn huge through various tournaments. But such a job mostly requires the sportsman to travel a lot. In that case he may have to give up college. Clearly he has to choose between attending college and becoming a professional sportsperson (Gwartney, Stroup, Sobel and McPherson, 2009, p.29). Students dependent on parents: All the students attending college do not have to earn for their expenses. Sometimes students are dependent on their parents who take the responsibility of paying for all of their son’s or daughter’s expenses. In that case opportunity cost may be counted as zero (Gwartney, Stroup, Sobel and McPherson, 2009, p.29). Income in entertainment industries: Students who work as entertainers or pursue any other work in the entertainment industry have to spend a lot of time in the shoots or they may also have to travel abroad quite often. In that case too they have to choose between college and their work (Gwartney, Stroup, Sobel and McPherson, 2009, p.29). Missing T.V. shows: Attending college and pursuing a degree course also requires a student to study harder and appear for examinations. Thus in this respect the student would have less time for television and his favorite shows. In some cases while studying for college exams he might also have to miss out a big soccer match. Less leisure time: Attending college and then going for part time jobs- in this day to day busy schedule the student may not have any time left for leisure or spare time. Hence for attending college the student has to sacrifice leisure or any other activity that he used to perform during spare time. Higher Education: Attending colleges the student gets a professional degree. This may help the individual to earn higher income once he finishes college education than what he can earn currently by leaving college. 2. Marginal Analysis Decision taken on a margin Marginal analysis is a very important concept under microeconomics leading to efficient allocation of resources (McGuigan, Moyer and Harris, 2011, p.41). ‘Decision taken on a margin’ refers mainly to economic decisions. Alterations on the available amount of resources lead to such marginal decisions. It may be similar to decision making as simple as spending hours or money. Such decisions are assume to yield better output for a number of reasons. Firstly the decisions are made with full information on resources and shortages. Preferences and indifferences of an individual are also taken into account while making decisions. The involvement of analysis helps

Brand Jordan Essay Example | Topics and Well Written Essays - 1250 words

Brand Jordan - Essay Example Evidently, the five key attributes to Jordan could be listed as great athlete, ultra-competitive champion, well-known African-American, Handsome guy, and fascinating spokesman (‘Case Study’). The leading attribute will be the one that creates a perceptual label within a person’s mind and drags his attentions on encountering the particular personal brand. The leading attribute behind the Brand Jordan was ‘the greatest basketball player of all time’. 2. Team Jordan candidates and the brand attributes One of the candidates suggested for the Brand Jordan with so much popularity was the eminent soccer player David Beckham. He started his career from becoming a winning soccer player at the age of 14 and later was known for his youth empowerment and training programs. Brand Jordan considered Beckham to sustain the reputation of the brand as his career portrayed numerous achievements, like having a free-kick technique named after him, which could drag the att ention of customers. Besides he has been at his best with the Manchester United. Signing with Beckham would be a good start for entering the world of soccer. However, he was in his mid thirties and would be approaching the end of his career soon. Jamie Foxx was at his all time high popularity in 2006. He was an American Academy Award winning actor and a Grammy Award nominated singer and comedian. His noticeable personal attributes were attractive, athletic African-American, and good fit for the lifestyle products. However, Larry Miller, president of Brand Jordan had a second thought whether signing Foxx in a low-profile endorsement would be profitable or would detract from the brand. Another candidate for the team was a professional golfer from Hawaii, Michelle Wie, a 6-feet woman successfully driving back majority of professional women golfers. Wie had a seemingly limitless potential while commonly comparing with the Tiger Woods and Sorenstam. Wie has been eminent in her career and was an incredible athlete, but that was not all enough to decide that whether golf was the right starting point for the Brand Jordan to reach out to women. Chinese market was an important factor for the expansion of the Brand Jordan, and a best way to promote the brand over the China market was signing Liu Xiang, a 22 years old Chinese athlete who was best known for winning the 110 meters hurdles at his first IAAF Grand Prix in Lausanne. His popularity was further increased when he tied the world record of 12.91 seconds of Colin Jackson, a first time achievement of a non-African descent. Another advantage was that this endorsement would diminish the value of rival Reebok’s market. Though the Xiang has been considered the superstar in his home country in whose market the brand had a bright future, which was not all enough to get into a contract with the athlete. A big concern on selecting Xiang was about the Chinese government’s endorsement with him on a cigarette bran d. 3. Importance of celebrity endorsement Obviously, celebrity endorsements have been identified and accepted by the firms as it has direct results that influences the brand the company is trying to send through a person in a way that the customers experience a sense of similarity with the brand. Brand Jordan felt that the celebrity endorsement would be an important factor as the consumers tend more to conceive information from a celebrity whom they know than a person they do not. Besides, the celebrity has the ability to transfer their eminent and

Lean thinking - questions Term Paper Example | Topics and Well Written Essays - 500 words

Lean thinking - questions - Term Paper Example In addition, human relations require understanding the market requirements (Womack & Jones, 2010). All strategies employed in the organization should aim at acquiring the quality and quantity as demanded by the consumer. Consequently, this should be done to minimize the production of goods and services that would not require improvement upon delivery to the consumer. In an argument by Womack & Jones (2010) human relations in lean thinking aim at maximizing the production process of the organization at a lower cost but matching the demand of the consumer. The authors further point out that lean thinking significantly depends on effective human relations strategies to minimize risks that may arise from the fluctuating demand levels (Womack & Jones, 2010). In an organization, flow promoting tools and practices are required. A fallow promoting tool refers to the ability of an organization top put in place strategies to ensure the entire of process from production to product delivery is effectively carried out. The main tool and practice flow-promoting tool is a good management team (Womack & Jones, 2010). This ensures that there is the creation and management of an effective organization culture. The organizational culture should promote employee productivity and maximize on the resources available to the organization. In the transformation of the GM car factory, the changes made were in the conduct of employee (Liker, 2004). Prior to the change, the employee culture could not match the quality demanded by the consumers. Employee reported to work late. There were numerous cases of drug and substance abuse. Other cases reported included sexual incidences and sabotaging quality of vehicles created (Liker, 2004). For this reason, the company produced cars that were detested by the market. Considering the competition of the industry, the organization recorded poor sales at it moved towards bankruptcy. Before its taking over by

Chronic and Complex Nursing Care Case Study Example | Topics and Well Written Essays - 1250 words

Chronic and Complex Nursing Care - Case Study Example The musculoskeletal symptoms include pain, tendonitis, joint contractures, muscle weakness and arthritis. Urogenital symptoms include an increase in bladder wall, deposition of connective tissues and proliferative vascular lesions. In women, vaginal symptoms include tightness, dyspareunia and dryness. In men, there is a reduced penile blood flow leading to erectile dysfunction (Vlachoyiannopoulos, 2009). Prevalence The distribution of SSc is worldwide affecting all races. The prevalence of scleroderma has been estimated to be between 4 and 253 cases per million persons. Its susceptibility is influenced by factors such as sex, age, environmental exposure and genetic background. Family members may be affected by other connective tissue diseases meaning that a genetic factor might be an important factor in expression of the disease. The peak incidence is normally within the third and fifth decade of life. The ratio of male to female is approximately 5:1 while annual incidence being 14.1 cases per million. The highest prevalence for SSc has been found to be in Choctaw Native Americans in Oklahoma (Vlachoyiannopoulos, 2009). Treatment Therapy is normally individualized to each patient’s needs and clinical presentation due to the heterogeneity of SSc. The treatment is done for organ specific complications including: Raynaud Phenomenon This is done using long-acting channel blockers and angiotensin II receptor blockers. Phosphodiesterase-5 inhibitors are mostly used in the treatment of secondary Reynaud phenomenon. An oral endothelin-1 receptor inhibitor can be useful to the patients having recurrent ischemic ulcers (Eisenberg M.E. et al. (2008)). Scleroderma Renal Crisis Patients with systemic sclerosis are advised to regularly check their blood pressure at home. ACE inhibitors are used to control hypertension since they are essential in preserving and restoring of the renal function (Eisenberg M.E. et al. (2008)). Gastrointestinal Complications Therapies are essential in the control of gastrointestinal symptoms while preventing GERD complications. Patients with SSc and gastrical antral vascular ectasia normally require coagulation of the endoscopic laser to reduce the bleeding risks. Intestinal pseudo-obstruction is normally diagnosed during the laparotomy time while bacterial overgrowth is treated by antibiotics. The mainstays of therapy for the intestinal overgrowth are the antibiotics and correction of nutritional deficiencies (Eisenberg M.E. et al. (2008)). Pulmonary complications patients having an early and progressive interstitial lung disease may benefit from oral or intravenous cyclophosphamide. Symptomatic pulmonary arterial hypertension is treated by oral bosentan, parenteral epoprostenol, sidenafil, inhaled iloprost and treprostinil. Continuous oxygen is also necessary for patients with hypoxemia (Eisenberg et al, 2008) Lung cancer Lung cancer refers to cancer that forms in the tissues of the lungs, mostly in the cells that are lining air passages. The main types of lung cancer are: small cell lung cancer and non-small cell lung cancer. These types are normally diagnosed on the basis of how the cells look under the microscope (Wender R. et al, 2013). Symptoms Lung cancer may either present with symptoms or found incidentally on the chest imaging. Symptoms of lung cancer may result from the local invasion or the compression of adjacent thoracic structure like the compression involving

Lesson 14 discussions and assignment Coursework Example | Topics and Well Written Essays - 500 words

Lesson 14 discussions and assignment - Coursework Example Rock ‘n’ roll transformed teenagers into a marketing concept. On 13th October 1958, pop singer Jo Stafford commented that â€Å"Rock ‘n’ roll is an economic thing† (History-of-rock.com, n.d.). Teenagers were considered as the first generation to become a sufficient market for rock ‘n’ roll because they were given enough money by their parents to buy music in large quantities that can influence the music market. Rock ‘n’ roll music got the attention of youth since 1952. The economy had allowed them to owned radios and televisions. Because ‘n’ and roll was becoming popular, radios and televisions played it regularly (History-of-rock.com, n.d). The music was easy to dance to, appealing mainly to teenagers who saw fun in dancing. The music was therefore played for dance in the inner-city, especially black schools, and parties for white schools. The income channeled to music in 1950s also benefited the increasing range of advertisers targeting teenagers (Campbell and Brody, 1999). Teen-oriented radio stations and television programmes (e.g. American Bandstand) were also developed to meet the increasing teenage demand for rock ‘n’ roll music. Teenagers also purchased rock ‘n’ roll music records as a way of rebelling against adults in order to assert their generational identity. In the subsequent decades, the strategies for marketing rock music changed as technologies and recording studios became an avenue for marketing music in 1960s and 1970s (Campbell and Brody, 1999). New generation record producers such as Smokey Robinson and Brian Wilson had a commercial challenge to widen the concept of music beyond rock ‘n’ roll, and to target a wider sphere of teenage

Janpanese director Yasujiro Ozu's tatami shotsenabled Ozu's films to Essay

Janpanese director Yasujiro Ozu's tatami shotsenabled Ozu's films to take the perspective of the audience, which draws the v - Essay Example In these films, Ozu engaged tatami shots style of cinematography in which he shoot his movies from the position below the eye level of the characters (Wood 122). This technique sensationalized his films and drew the audience to the closest engagement with the characters’ sensibilities by bringing the viewer to the nearest vicinity of the character’s emotions. In this essay, the use of the tatami shots technique will be evaluated by drawing examples from three Ozu films namely: Late Spring (1949), Early Summer (1951), and Tokyo Story (1953). Late Spring (1949) Late Spring (1949) is a drama film directed by Yasujiro Ozu and is based on the short story novella Father and Daughter by Kazuo Hirotsu (Bordwell & Kristin 394). The film is starring Chishu Ryu, an actress who features in almost all Ozu’s films, and Setsuko Hara, another frequent character in Ozu’s films (Wood 119). The most frequently notable aspect of the Late Spring film is the use of tatami shots ; a camera technique where the director shoots his actors from an extremely low position. The adoption of tatami shots in the Late Spring film enables the audience to engage with the emotions of the characters throughout the film. For example, the scene in which Noriko visits her friend Aya in her home. In this scene, Noriko is seen in a sitting position and the camera shoots Aya at a slightly elevated position, from which the audience can see Aya looking down towards her friend. The scene is shot in a way that the camera in both pictures is low, but the degrees are different. The shot controls the way the audience should follow and analyze the events in the narrative. Moreover, when Noriko is sitting, she does so looking up at Aya who is standing, but the camera shoots in the reverse order and concentrates on Noriko and, this way, the audience is forced to reject Aya’s point of view. Consequently, the tatami shots in this particular scene deny the viewer a chance of identify ing with Aya but with Noriko’s inhuman perspective. These shots, which are all over the film, are a reflection of a view from an individual sitting on a tatami mat (Wood 120). Interestingly, he shoots the same even when the scenes shots are taken from outside. The positioning of the camera, therefore, carries a sense of balance and order and enables the viewers to establish an emotional engagement with the characters. Early summer (1951), Another film in which Ozu used the tatami shots is Early Summer (1951); a post war film that recounts the problems of communication between generations and the emerging women role in post war Japan (Bordwell & Kristin 397). In this film, Noriko lives happily in an extended family, but this balance is threatened by her uncle’s visits and insistence that she should get married. Ozu uses the tatami shots in this film frequently. For example, there is a scene where Koichi and two older women are having a conversation concerning Norikoâ₠¬â„¢s marriage. The long shots in this scene show the three characters staring at diverse points as they talked to each other. The camera would then, at low angles, focus on one of the characters straight on the eyes different from the direction at the long shot. These tatami shots enable the viewer to read into the thoughts and emotions of the character. In yet another scene, where the mother, her daughter and her son are at the table, the characters are shot facing different

Good Education vs. Bad Education Essay Example for Free

Good Education vs. Bad Education Essay Persuasive Research Paper By; Karen Elzy Date: July 25, 2010 Course: COM 220 Teacher: Sherry Ann Smith Good Education vs. Bad Education Does one think he or she can get very far without having a great education? Statistics shows that people with a great education are much more successful than those who do not receive a great education. Many people who graduate from high school and college are guaranteed to get a better job and higher position than those who have never finish their high school or college education. There are some teachers, doctors, lawyers, journalists, and many other higher educated people who have succeeded with farther education than people who wish not to succeed and not get an education. Good education is better than bad education because the outcome will be much greater with a good education than with a bad one. Nelson Mandela stated that, â€Å"Education is the most powerful weapon which one can use to change the world. † This is true. Every human should want to be educated, because the world is full of technology which influences our world greatly. People who are not educated enough will surely be uniformed and left behind in today’s society. Technology is in business officers, schools, hospitals, doctor offices, stores, homes, and many other places. Today, the school systems start off with teaching the students how to use computers in kindergarten. The students are using this knowledge that they have learned from school and relating it to their parents. Parents should keep their children in school so they can learn everything which being taught by the instructor, and by doing this, the outcome will be rewarding. Teachers are a gift to students and parents because they are teaching the students everything that there is to learn about education. Without teachers, students will not learn the knowledge they need to succeed in this world without a good education. Many surveys show that a good teacher from the 1920-1980’s are more experienced in age in teaching than those teachers who are fresh out of college. Older teachers have more experience and knowledge in child development than college teacher who just beginning and this really matters. Many new teachers cannot explain problems to their students when they write it on the broad. This is what I call bad education, because the student cannot figure the problem out either. When students are failing because of these situations this is when the teacher should call the parent in to see if they could work out a way to help solve this problem together. Many teachers today are not concern about the outcome of their students, so it is very important for the parent keep in contact with that teacher and their child grades. This is when bad education is a part of the student and the teacher who is teaching. Many student drops out of school because of lack of consistency they receive. Having a good education will ensure one to have a better job than anyone who does not have an education. By continuing one’s education and getting a college degree, applying for major jobs will not be such a hassle. The reason being is because most companies directly look at the education section of an application or resume. The perks with having a good job will be such as: paid vacations, top salaries, 401k, good insurance packages, and many others. Many people may start out in a great established company and learn everything about it; then continue or progress their own business and become more successful than that previous business. Having knowledge causes all these successes. How can one have a good job without learning skills from education? Many jobs are skilled and furthering education will help with a much more skilled jobs or profession. Encouraging education by talking to the students will bring love, wealth, values, and family respect. When students feel they do not have any encouragement they will drop out of school, some will go to jail, depression, drug abuse, and steal: the results of this are a mind is a terrible thing to waste. Going to school is not just about being there physically. It is important to pay really close attention to what the instructor is teaching. Clowning around would be a very horrible idea. This can cause one to miss important information for one’s future workplace. Employers will not take him or her seriously if they look at one’s transcript and thinks they have goofed off while in school. They will think that it will be brought to their workplace. Furthermore, paying attention will guarantee one the skills that can help in their future workplace this can help one to advance faster than other employees. This can help one to get a promotion and earn a better pay. Having a bad education will really hurt one. Going to a school in which appropriate information is not taught is not such a good idea. This will cause someone not to find a good job. Employers may think that important skills are lacked of their job. Bad education will definitely not lead to a great place. Poverty will be definitely in question that will cause one’s family to suffer. In question why would one want to suffer do to this bad outcome? The economy today is suffering enough, and education should be ones top priority to help with tomorrow’s economy. The economy is suffering from lack of jobs and has caused many people to become homeless. If some of the people would have finish their education then some of them would not be homeless due to the economy. Many homeless children do not attend school because of their situation. Many kids are being teased by other children because of their homeless situation, this cause a problem in education as well. Homeless kids are rated highly in education than some children who attend daily. Many children miss out on education because of being homeless. Many people were deprived of continuing their education due to lack of funding. Today people are successfully continuing their education because of grants and low interest rates on loans for education. There are people who have not attended school for a long period and due to available funds have returned. The president of the United States of America has helped make this possible for adults and others to go back to school. Many opportunities through programs as these help to better education. If some of these programs were offered earlier maybe most people would have finished school. There are things that can cause bad education. For example, mental and physical abuse can cause one to have a low self esteem about them. If someone were to lose a parent or someone close to them this would cause him or her to avoid school. Many kids bully other kids and cause them to drop out or not wanting to return to school at all. Parents need to pay close attention to his or her children in order to make sure he or she is not facing any of these problems. Many schools pay close attention to children attitudes to see if any changes have occurred. There have been many reports about abuse and kids who suffer in their education because of such reason. There are after school programs to help further children education, and to help working parent who do not have the proper time with helping their children with their homework. These programs are designed to help with homework, study skills, testing, and behavior conduct. There are many dedicated teachers and teacher aides who take the time out to help children advance in his or her education. Many parents are very grateful to these teachers and teacher aides for their time and effort in helping his or her children. Through these programs many children have passed leaped and other important test for school. These children who attend these programs have good study habits and are very dedicated to their learning. The outcome help the children score higher on different test and help them to become honor and respectable. Distinguishing good and bad education is not hard to do. A good education can include a school and/or instructor meeting and talking to their students. A good school and/or instructor will build their student’s confidence to make them feel like learning, participating in classroom activities, and getting to know the students parents. A good education can also include such things as, after school tutoring, respecting and giving respect, and make their students get involved; however, it is not limited to these things. Having a good education guide will make the student understand all material efficiently. For example, the instructor will make sure everything is explained fluently and is understood, their classroom will be in order. They will make sure the material is not boring and make sure their students are alert; they will care and make sure to encourage their students on how important their work is and how far it will take them in life if they complete it and earn their diplomas. A bad education is kicking out a student for asking a question that the instructor may have answered or may have not; patience is very important when it comes to education. If an instructor is rude and unenthusiastic, it can make the student feel as if they need not to complete the course. However, if the instructor stop and help challenge them, the student will look forward to getting their education and make sure to make every class. If an instructor shows that they are only there to get a paycheck, this can more than likely stop the enthusiasm of the student. A bad instructor can indeed make their student feel dumb which can cause a student to be a dropout and end up as a statistic. Remember education is important so the school, instructor, and student shall take it seriously. A good education will help one get a great job that has a good pay and great benefits. The result of a good education can lead to making friends that can be there for a lifetime and a possible business partner. However, if one receives a bad education, if can lead to a road of failure. Bad education will really hurt one in the long run; he or she may not be able to get a good job, a steady job, and may end up living in poverty. Employers may think that one lack some skills and give one a very low position and may be even under paid. The economy will not suffer if everyone would stay in school and receive their education. Thanks to the many opportunities of grants and loans to help further education, it can really make everyone’s future bright. If people would pay close attention to kids they can see if they are facing major problems that are preventing one from their education. After school programs are very helpful in helping students to advance in their studies, and it is also a great tool to their parents as well. In order for one to succeed, one must be in an effective school system with reliable material being taught. One must also have an instructor to encourage them and help out if the understanding is not present. Encouraging education by talking to the students will bring love, wealth, values, and family respect. If the encouragement is not present and/or a bad education would be received by the student which can cause them all kinds of downfalls in the future. Staying in school, being focused and getting their proper education are the goals in being successful. In conclusion, good education is better than a bad education because the outcome is much better and the future will look much better with a good education rather than a bad education. As Nelson Mandela says, â€Å"Education is the most powerful weapon which you can use to change the world†. Many doctors, lawyers, engineers, writers, public speakers, and even teachers and students have really changed our world today. Education is the key to everyone’s success story. Good Education Vs. Bad Education References Hein, Karen. â€Å"Young People as Assets: A Foundation View. † Social Policy 30. 1 (1999): 20. General One File. Web. 13 June 2010.