Microeconomics Research Proposal Example | Topics and Well Written Essays - 1750 words - 1

Microeconomics - Research Proposal Example Microeconomics covers a rather broad area: demand and supply, indifference curve analysis, elasticity of supply and demand, production and cost, marginal analysis, market structure, pricing, and so on. This study will attempt to deal with the area of market structure which is very interesting because of its pervasiveness in our lives: Perfect competition, monopoly, monopolistic competition, and oligopoly. An understanding of market structure is essential not only for economists but also for individual businessmen and corporations, for it will help them greatly in dealing with numerous problems encountered in the competitive arena of business. The four major market structures often discussed by economists are perfect competition, which is production by numerous firms with identical/homogeneous products as well as the presence of conditions of free entry and exit; monopoly, which is production by a single firm; monopolistic competition, which is production by many firms with somewhat different or differentiated products; and oligopoly, which is production by several firms. Perfect competition is the ideal market condition envisioned by the great economist Adam Smith, and is often studied first because it is the easiest to understand and it can serve as starting point as well as a gauge by which to measure the performance of the other market structures. The demand curve of a perfectly competitive firm is horizontal because its output is but a small part of total production and it cannot affect the price. The conditions for perfect competition are: a) a large number of small firms and customers, b) homogeneity of product, c) freedom of entry and exit, and d) perfect information about available products and their prices. Many farming and fishing industries closely approximate perfect competition. At the other end of the spectrum is the

Choose your own Essay Example | Topics and Well Written Essays - 1750 words

Choose your own - Essay Example sin, alongside his brother Agostino, made the first step towards commercializing their business by opening a studio, whose main function was to make and sell paintings to people that requested them. In their approach, the Carracci’s placed much attention on the typical Florentine style of linear draftsmanship, which was evident in some of the paintings like Andrea Del Sarto, which was done by Raphael. The interest in Carracci’s glimmering colors in their paintings, as well as development of mistier edges was an idea they borrowed from Venetian painters like Titian, whose works they studied in much of their travels. Some of the most famous paintings by Carracci are discussed and illustrated below This painting, one of the best that were done by Carracci is a depiction of a family life where a mother is shown as warning a nightgown of her so just besides a small fire in the room. The picture indicates a home that comprises of the mother together with her two children and a cat, who are looking on as the gown is warming. This painting is believed to be dating back to the 1580s, a time of its development. Carracci has been creative in managing to create a intimacy mood; in fact, this is the approach that Carracci and Ludovico have often used in most of their paintings and artwork. Annibale seem to have mastered the style of using a quick and inspired form of pale washes that appear watery on white surfaces. The use of this approach I very effective since it reveals magical results of tone in the painting, making it authentic and clear. According to this picture, the light from the fire can be described as a major protagonist as far as the composition is concerned. The use of wash by the artist in defining form ranks among the daring works of draftsmanship by Annibale, which indicates his self-confidence in his work. It is important to realize that the use of ink and pen together with the wash make a very permanent picture that one cannot easily erase. This is