Assume that you have decided to start your own Internet business to sell cookbooks online (justcookbooks.com). You estimate that the annual cost of this business in the first year will be as follows: Fixed explicit costs (annually): Technology (Web design and maintenance) $5,000 Postage and handling $1,000 Miscellaneous $5,000 Equipment $4,000 Overhead $1,000 TOTAL Explicit Fixed Costs (annual) $16,000 Fixed implicit costs (annually): Lost wages from job given up (annual) $50,000 Variable cost = $20 per book. Part 1: Assume that the equation for demand is Q = 40,000 – 500P, where Q = the number of cookbooks sold per year P = the retail price of books Using the information above, fill in the attached Chart : (note that quantity is just the solution of the demand curve above; the first two lines of the table have been completed for you – you need to complete all other lines in the table):, copy and paste the table into a Word file Indicate the maximum profit price and quantity by highlighting those particular values with red font. Part 2: After you complete the chart (either fill in the empty boxes in the table above or create an Excel file), copy and paste the table into a Word file. This table should be at the top of your assignment. Then answer the following questions (based on the chart and your understanding of this material) in 600-800 words: Why, according to an economist, should implicit costs (i.e., lost wages from job given up) be included in the total cost of your product to compute economic profit? Why does price elasticity of demand change as you move up the demand curve (more specifically, as the price of the product increases)? Explain in your own words why MR = MC produces maximum profit for a company.
Approach Changes for Working and Single Parents Distributed: eighteenth September, 2017 Last Edited: eighteenth September, 2017 Disclaimer: This exposition has been put together by an understudy. This isn’t a case of the work composed by our expert article authors. You can see tests of our expert work here. Any sentiments, discoveries, conclusions or suggestions communicated in this material are those of the writers and don’t really mirror the perspectives of UK Essays. Think about the way that progressive governments have reacted to the necessities of working guardians. Presentation This paper expects to think about the way that progressive governments have reacted to the requirements of working guardians. There will be a specific spotlight on ladies as working guardians, especially as there has been a concentration in the course of the most recent twenty years on ladies as single guardians and their over-dependence on state benefits. The paper will start with reference to the post-war welfare state and after that proceed onward to how both Conservative and Labor Government’s lately, have managed the issue of working guardians’ needs. The Welfare State In 1942 Earnest Beveridge was worried to battle the wrongs of neediness, illness and numbness and he construct his original report in light of this examination. At the point when the welfare state was set up one of its essential targets was to help families by giving a scope of administrations that would profit families with youngsters alongside different administrations, for example, medicinal services, instruction and lodging. Be that as it may, after some time customary ideas of the family with a male provider, a stay at home spouse and their kids have changed. A regularly expanding number of solitary parent families has been tricky for governments amid the most recent two decades. Solitary parent families are quite often headed by a lady who needs to join childcare with work. This definitely brings about money related issues and implies that solitary parent families are among the poorest in the nation (Moore, 2002). With solitary parent families, and more wedded ladies going out to work since they can’t oversee on a solitary wage, there has been an expanded requirement for a scope of childcare administrations. The welfare state depends on the family since it gives the establishment to the arrangement of wellbeing and welfare administrations which is the reason most British social strategy depends on the possibility of the ordinary family. It was this thought incited Margaret Thatcher’s Government to call themselves the gathering of the family. This was where the New Right Approach to arrangement making turned out to be exceptionally persuasive. The main time that legislature ought to meddle in the corporate part (that of the businesses) was whether one organization had a syndication and could control costs and access to merchandise. This faith in a free market economy before long ended up apparent in Government approach making and was brought into the wellbeing and instruction segments. Privatization was the request of the day. This was a Government which kept up that individuals had no programmed ideal to welfare. It was not the matter of the state to take care of you, rather individuals expected to figure out how to be in charge of their own care and their own particular future (Giddens, 2001). The traditionalists made a qualification between those individuals who merited help, individuals with physical or learning incapacities for instance, and the individuals who were not meriting, for instance the youthful jobless. These individuals, the Government accepted were not qualified for any welfare arrangement. It was trusted that the more the state helped a few people the more they would not assume liability and help themselves, Britain, they accepted was turning into a reliance culture. Just the individuals who were truly in need ought to get support and free medicinal services and the rest ought to need to pay for it. In this manner the Conservatives utilized means testing trying to figure out who was qualified for welfare and who wasn’t. Women’s liberation and the Welfare State Women’s activists perceive that the welfare state has partaken in propelling the reason for ladies’ liberation. In the meantime they perceive that the advantages paid fo solitary moms makes it troublesome for them to leave vicious or unsuitable connections. The state has a tendency to restrict ladies to conventional connections (perhaps accidentally) and to ‘women’s’ business parts, for example, nursing or educating (Moore, 2002). Women’s activists begin from the position that men have more power in the public arena than do ladies, anyway not all women’s activists are concurred in their ways to deal with the family and the welfare state. In this way numerous women’s activists have an irresolute perspective of the welfare state and its relationship to ladies. In the course of recent years women’s activists have expounded on, and evaluated, what they contend is the gendered idea of the welfare state and of Government strategy making (Blackburn, 1995). Blackburn (on the same page) keeps up that there has been a great deal of vital work which has tested the belief systems that lay behind the 1942 Beveridge Report. Communist women’s activists specifically were disparaging of the way that ladies’ commitment to the war exertion had been disregarded. She keeps up notwithstanding, that as opposed to the Beveridge Report expecting to stifle ladies, it was increasingly an issue of being aware of the market powers in activity around then. Pascall (1986) keeps up that the hidden suspicions of the Beveridge Report were that hitched ladies would remain at home and be bolstered by their accomplices. There was no forecast of the immense number of wedded ladies who might enter the work put in the years following the Second World War. Pascall additionally keeps up that this state of mind has implied impervious to change and Britain has a tendency to adjust Beveridge’s discoveries instead of stick to European decisions on meet openings. Pascall states that there is a need to place ladies in a photo that has been generally drawn by men (1986,p.6). Thoughts focused on a man having the capacity to procure enough to help a family profited the industrialist economy and the working man to the detriment of ladies (Barratt and Mackintosh, 1980). These authors additionally keep up that administration approach making is as yet fixated on the possibility of a family wage. This idea is implanted in British society and has been a noteworthy explanation behind ladies’ proceeding with disparity with men. The possibility that a man was qualified for procure a family wage however ladies were not has implied that ladies have, (and still do in various territories) win not as much as men. Moreover, the low pay which goes with what is regularly named ‘ladies’ work’ implies that ladies’ decisions are limited and their financial powers inside marriage have been decreased. Ladies and Policy Changes Ladies have been attempting to accomplish approach status with men in the work showcase since the late 1960s. Ladies’ endeavors around there observed the presentation of the Equal Pay Act in 1970. This said ladies were qualified for an indistinguishable pay from men in the event that they were doing likewise work. It ended up illicit under the Sex Discrimination Act of 1975 to victimize ladies in instruction, in work, and in the arrangement of products. These progressions did not fulfill the European Court, which requested a reinforcing of Britain’s Equal Pay Act in 1982. There was a further correction in 1984 which permitted that ladies were qualified for an indistinguishable pay from men in their associations. This laid on ladies having the capacity to demonstrate that their work included similar sorts of basic leadership and aptitudes as those completed by men. It additionally implied that they ought to have rise to get to and an equivalent possibility for advancement to that of men. Until the point when the late 1980s young ladies were more improbable than young men to accomplish the essential number of A levels to enter college. As of late there have been worries about the developing underachievement of young men contrasted with young ladies. Young ladies are coordinating or surpassing young men over the educational programs and in this manner there are more ladies entering advanced education. This does not, in any case, give them much preferred standpoint in the activity advertise where they are impeded in examination with guys who have a similar capability levels ( Epstein, et al, 1998). Moore (2002), be that as it may, keeps up that things are changing, men have more household duty than they completed 20 years back and furthermore a substantially more prominent contribution with their youngsters than before. The administration has perceived this through their presentation of parental leave. In the past just moms were qualified for such leave. Parental leaves implies that the two guardians can take true blue time off, yet by and large men’s leave is unpaid thus frequently not taken. Ladies in the Workplace Registration figures for 1991 have a tendency to recommend that at the time, the workforce was 47% ladies. Obviously there were local and ethnic varieties and single ladies will probably be in paid work than wedded ladies. (Abbott and Tyler, 1995). keep up this is because of the way that ladies’ cooperation in the work showcase is influenced by their residential responsibilities.Women invest energy out of the work advertise when they have youthful kids and after that may work low maintenance while kids are at school. Numerous ladies don’t come back to full work until the point when their kids are more seasoned. There developing number of ladies in the work environment has brought about greater adaptability in working plans to suit that. Crompton (1997) keeps up that quite a bit of this springs from the expansion in the quantity of low maintenance employments accessible. Millar (1993) states that adaptable working may look empowering as far as ladies’ perceivability in paid work, yet it likewise implies that there are more ladies living in neediness than any time in recent memory. The vast majority of these ladies are low maintenance and adaptable specialists. The main intrigue such adaptability serves is that of the business on the grounds that there is a should be more focused and to decrease work costs while in the meantime expecting more prominent specialist profitability (Giddens,2001). The presentation, in the 1970s, of family credit was a move to urge more individuals to return to work. Those with low paying jo>