Shot the FX Dreamlite Compact 30 yards. So far on average high-max setting and JSB 18.13 are best for this gun. Realized don’t have to buy a scope for each gun sharing this Hawke scope with the Air Arms S510.
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Should We Go Back To The Gold Standard? First, watch this short video, What is the gold standard? https://www.youtube.com/watch?v=LdyHso5iSZI … From article: Fiat Currency, What It Is and Why It's Better Than a Gold Standard, January 2017 – Motley Fool website The most important thing about money is this: People need to be able to count on its value, and that value needs to be stable over time. For that stated reason over the past century countries have shifted from a gold-backed to a fiat currency. …. What is fiat currency and what makes it the chosen alternative? Fiat currency is money whose value is backed by the government that issued it. The U.S. dollar is fiat money, as are the euro and many other major world currencies. This differs from money whose value is underpinned by some physical good such as gold or silver, these are called commodity money. The United States used a gold standard for most of the late 19th and early 20th century. A person could exchange U.S.
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 14 of 36 Firms In Competitive Markets Section 7 of 24 … Table 2 here … In the table 2 example of the Vaca family farm · column 4 profit is maximized · when the farm produces 4 or 5 gallons of milk · for a total profit of $7 The Vacas can find the profit-maximizing quantity for each marginal (additional) gallon produced by comparing · column 5 Marginal Revenue (MR) · column 6 Marginal Cost (MC) … Column 5 computes MR from change in total revenue as quantity Q increases by 1 gallon Column 6 computes MC from change in total cost as Q increases by 1 gallon. Column 7 shows the change in profit MR-MC for each additional gallon produced. Quantity of 1 has · a Marginal Revenue of $6 · a Marginal Cost of $2 · a change in profit of +$4 Q of 2 has · a MR of $6 · a MC of $3 · a change in profit of +$3 Q of 5 has · a MR of $6 · a MC of $6 · a change in profit of $
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 14 of 36 Firms In Competitive Markets Section 6 of 24 … Table 2 here … The goal of all firms including competitive firms is to maximize profit. Profit = Total Revenue - Total Cost Here we examine · how a competitive firm maximizes profit · how profit maximization determines the supply curve … Table 2 column 1 · shows the Quantity (Q) of milk the Vaca Family Dairy Farm produces · in a given time period Column 2 · shows the farm's Total Revenue (TR) · which is unit price $6 times Q Column 3 · shows the farm's Total Cost (TC), which includes · fixed costs, which are $3 at every level of Q · variable costs, which depend on Q … Here, at each level of Q, variable cost = TC - $3 Column 4 shows the farm's total profit = TR - TC At Q of 0 gallons, the farm has a loss of $3 = $0 - $3 At Q of 1 gallon, it has a profit of $1 = $6 - $5 At Q of 2 gallo
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 14 of 36 Firms In Competitive Markets Section 5 of 24 … Table 1 here … For Vaca Farm, per Table 1 · Column 4 Average Revenue (AR) is how much revenue the farm receives from a gallon (unit) of milk · Column 5 Marginal Revenue (MR) is how much additional revenue the farm receives if it increases production of milk by 1 gallon AR = Total Revenue (TR) divided by the Quantity (Q) of output. AR is how much revenue a firm receives for the typical unit sold. AR always equals $6, the constant market-given Price (P) of a gallon of milk. MR also always equals $6. This result shows a situation that applies only to competitive firms · P is given and constant for a competitive firm · when Q rises by 1 unit, TR rises by constant P dollars · MR = P = AR … …
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 14 of 36 Firms In Competitive Markets Section 4 of 24 … Table 1 here … Like all businesses, a firm in a competitive market tries to maximize profit. Consider an example competitive firm, the Vaca Family Dairy Farm. The Vaca Farm, per Table 1 · produces a quantity of milk, Q · sells each unit (gallon) at the market price, P · the farm's total revenue is P x Q If a gallon of milk sells for $6 and the farm sells 1,000 gallons, its total revenue is $6,000. … Because the Vaca Farm is small compared to the market for milk, it must take the price as given by the market. If the Vacas double the amount of milk they produce to 2,000 gallons · the market price of milk remains the same · their total revenue doubles to $12,000 Table 1 shows revenue for the Vaca Family Dairy Farm at various quantities of milk produced and sold. Columns 1 and 2 show · the amoun
Rent Seeking Is Government/Business Collusion Benefiting Special Interests And Hurting The General Interest First, watch this short video https://www.youtube.com/watch?v=95pyLE_ZsDg Mostly summarized from article: Rent Seeking, David R. Henderson, econlib.org People are said to be rent seeking when they try to obtain benefits from the government to give them special privileges, especially to help increase their or their organization’s income. They typically do so by getting a tax break, subsidy, regulation, or import protection for a good they produce. … Companies seek tax breaks from state governments when building a new factory. Companies get subsidies from government for politically favored products such as those for creating solar energy. Licensed electricians and doctors lobby to keep regulations in place that restrict competition from unlicensed electricians and doctors. Steel producers seek tariffs and quota restrictions on imports of steel. … Rent-seeking expenditures ca
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 14 of 36 Firms In Competitive Markets Section 3 of 24 … What is a competitive market? A competitive market has three characteristics · there are many buyers and many sellers · the products offered by the many sellers are the same or very similar · firms can freely enter or exit the market As a result the actions of any single buyer or seller in the market have little or impact on the market price. Each buyer and seller takes the market price as given. … No single consumer of milk can influence the price of milk because each buyer purchases a small amount relative to the size of the market. Each dairy farmer has no control over the price of milk because many other suppliers are selling the same product. Because any producer can sell all it wants at the going price it has little reason to charge less. If a producer charges more, buyers will buy from ot
From article Biden is about to drive us off an economic cliff. Andy Puzder. October 17, 2021. The problems in the supply chain aren’t going to resolve themselves any time soon. It is difficult to imagine a worse time for massive increases in taxes and spending, yet that’s what Democrats in Washington, D.C. have in mind. We are all aware, as Press Secretary Jen Psaki stated this week, President Joe BIDEN VIEWS THE COVID-19 PANDEMIC AS AN OPPORTUNITY TO "MAKE FUNDAMENTAL CHANGES IN OUR ECONOMY." But the changes he has in mind are about to drive us over an economic cliff. … Businesses of all sizes are already being buffeted by seemingly intractable supply chain constraints, along with labor shortages, and unusually high consumer demand—all driven by pandemic-lockdown conditions that are only GOING TO CAUSE PRICES TO SOAR AS WE GET CLOSER TO CHRISTMAS. … It doesn’t take a Ph.D. in economics to recognize restricted supply coupled with enhanced demand is a recipe for inflation,