Assignment on Property Ownership | PDF
Added on 2019-11-19
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This quote implies that a man is a king of its own property. The property ownership and protection is tied to the owner and not any other superior power or administration. No superior orofficers should gain access to a citizen’s private property without the owners (the king) permission.The implications of this speech apply to my country quite directly. Every individual has a right to privacy encompassing the searching of their property, seizing of an individual’s possession, disclosing an individual private affair and compromising the privacy of their communication.Pirate ships are those which contain pirates who use the ships to attack other ships with the motive of stealing, doing harm or kidnaping. The attack is conducted for their personal gain. Thepirates function contrary to the authority of any government. The pirates attack ta the ports and other places. A firm must be registered by the government under the law therefore pirate ships doesn’t accomplish the features of a firm.a)b) Technology B is dominant because it utilizes less workers to complete the job within less time. The assembly was quickly adopted to avoid spending more on workers salaries.c)It is clear that the isocost curve rises with increase in the workers’ pay scales.Technology BTechnologyNumber of WorkersTechnology ATechnologywages
d) As the wages grow, the farmers are bound to earn more for the resource used in place. In this case, the use of more specialized employees is bond to increase the quality of the cars in production which may have a positive impact on the price of the cars. This means that the business is bound to have a larger return to its owners despite the increase in wages.2. b) In this case the profit is maximized where MC = MR. This means that the marginal cost of production is equal to the marginal revenue charged on the users. This was possible in Ford’s case since the cars were priced according the differentiated nature of the buyers. This meant that all individuals interested in buying cars bought it at the level at which they could afford it.3. a) The bidding wars increased the priced for which the cars were sold and reduced consumer surplus while increasing producer surplus. This meant that it provided the opportunity for the customers to be overcharged. The firms therefore experienced more distributions of gains from the trade compared to the users.
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