Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 16 of 36 - Monopolistic Competition Section 10 of 13 … Every day we are surrounded by advertising, firms trying to convince us to buy their products. This is natural for monopolistic competition as well as some oligopolistic industries. When firms sell differentiated products and charge prices above marginal cost each firm has an incentive to advertise to attract more buyers to its product. Firms that sell highly differentiated consumer goods such as medical drugs, perfumes, soft drinks, razor blades, breakfast cereals typically spend between 10 and 20 percent of revenue for advertising. Firms that sell industrial products such as drill presses and communications satellites typically spend very little on advertising. Firms that sell homogeneous products, such as wheat, peanuts, or crude oil, rarely spend any amount. Overall, about two percent of t...
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Scot and Fumiko pictures and information
Fumiko Scot's information: Weight at 163 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 170. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, now eat right and light, get enough exercise. Now am spending most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back t...
HAT Manifesto Part 1/3 - Rubric Cube - 250406 edit
1. The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds. - William James 2. All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. - Thomas Jefferson 3. Wherever good fortune enters envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind. - Leonardo da Vinci 4. Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their t...
HAT Manifesto Part 2/3 - Hypothesis and Novel Story Summary - 250601 edit
Years ago took a picture of a hawk sitting on a fence in the neighborhood and used it for this. ... 1/39 HAT Manifesto part 2 of 3… always some edits… Novel character Dean Smith’s Rubric Cube veracity and/or efficacy Hence All Terr(itory) hypothesis and HAT novel story summary. Until done and gone this will always be under on-going addition and revision. All the HAT veracity and/or efficacy tHAT follows to be explored, accepted and projected by our positive side and to be ignored or rejected and contested by zeir those who oppose negative side. Dem contraries’ key duties be to doff, scoff, fuss, and fire-up us. Change is now. … 2/39 As outlined and explained in the following, per dichotomic HATomic philosophy about half of people, the negatives, actually prefer misery over happy. This rationally and logically explains why so many actually want “Satan-side” socialism and even communism. Whether or not many of us actually want more misery is not important. WHAT’s important is We ...