Assignment Essay Example | Topics and Well Written Essays - 500 words - 66

Assignment - Essay Example her, based on the above graph it can be observed that the maximum profits are obtained at a point where Marginal cost curve intersect with Marginal revenue curve. In addition the marginal cost curve intersect the average variable cost curve from below and also intersect the average total cost curve from above as shown in the diagram. The diagram above indicate that, in the long run, an increase in cost for a monopolistic firm it causes the market price to be equal to average total cost whereby marginal cost will be equal to marginal revenue as indicated in the figure above (Salvatore, p.345). The graph above indicates the equilibrium price and quantity which is derived at point where the demand and supply curve intersect. The equilibrium price is represented above using PE while equilibrium quantity is represented by point QE as shown above. 7. The demand for butter will lead to a decrease in demand of margarine because margarine is an inferior good whose demand decreases as consumer’s level of income increases. On the contrary, demand of butter will increases as income increase. 8. The reason why person marginal rate of substitution between two goods must equal to the ratio of the price of goods is because consumer could trade one good for another at a market price to obtain higher level of satisfaction. The graph above indicates that marginal cost curve intersect average cost curve from below and average cost at a point higher than that of average cost curve. It can be observed that, as the marginal cost increases, the average variable cost decreases (Salvatore, p.225). The graph above indicates the relationship between Marginal cost and average variable cost whereby, If marginal cost of production is greater than average variable cost it means that average cost is increasing and vice versa(Salvatore, p.225). The graph indicates that the firm average variable cost curve are U-shaped and it achieve its minimum at a lower than the average total cost curve

How to play soccer Essay Example | Topics and Well Written Essays - 750 words

How to play soccer - Essay Example There are many ways to hit the ball; one can acquire any style feasible to him for hitting. Positions on a soccer field holds significant importance for a player. Choosing a position in soccer is important because you need to know what to do and how to do it. Playing soccer is not just about hitting the ball, is about choosing the position you want to play. Different positions in soccer offer various roles to hit the target behind the opponent goal line. The first position is goalie, in it you can’t let the ball cross the goalie line; if one does the game is considered as lost. Second position is defense, one need to stop opponents from reaching goal line, one need to keep the rivals as far as from goalie. The next position is a midfield and it also plays an important role. Midfielders help the defense players when it is required and they also workout the attack strategy for the defense players to get thee ball and hit a score. In the Midfield position one needs to be actively involved in quick decision making and acting upon them. If the midfielders are called the brain of the play that would likely suit them. Their main aim is to either acquire the ball or to build pressure on the opponent team. The last but not the least are the forward players their only job is to score a goal for the team. It demands a lot of skill. They work opposite to the defense players of the other team. Every game must follow rules to make it a fair square game. Soccer also has rules t for both teams. The first rule is the duration of the match, where one needs to play two halftimes of 45 minutes with a break of 15 minutes in between. The second rules is a free kick or penalty, this rule applies when one kicks, trips ,jumps, strikes, pushes or tackles an opponent intentionally. The last rule is, if one hits or pushes a player he will get a preventive yellow card. If a player gets two yellow cards that would be considered as one red card and the player would be out of the