Economics assignment Example | Topics and Well Written Essays - 500 words - 1

Economics - Assignment Example Vertical mergers occur when a firm that produces an intermediate product merges with another firm that produces a final product/good whose production requires the intermediate good. Time Warner, Prudential Financial and Brook Bond Lipton India Ltd are examples of vertical, conglomerate and horizontal mergers respectively (Layne 69). Business organizations form mergers because of various reasons. The main ones include the aspect of reducing competition, reducing cost or switching to cost conditions in order to get economies of scope, to increase profitability and to increase market share of particular products just to mention a few (Layne 74). However, it is crucial to note that mergers may not reduce competition incase cournot oligopoly firms exists. In case of a horizontal merger whereby two firms merge with one being a low cost firm than the other one, the Cournot model formed results to cost of one firm being C1=1 while that of the other firm is C2=4. This is the case because demand (P)=10-Q whereby P and Q are price and quantity respectively. Firms that do not merge face high production cost, hence produce less. The set up model is a Cournot model because non-merged firms face higher production cost than the merge, thus have low productivity. However, this is applicable in the case of identical firms. The model also increases production, though it reduces consumer welfare. If the Bertrand model would be applied, firm 2 would have produced at all because of high production cost. The main gains of mergers include the elements of high profitability because of making more sales and the lower competition that is triggered by the existence of one producer (Layne 76). Other benefits include reducing production cost as a result of switching to cost conditions, hence getting economies of scope as well as increasing the market share of particular products. The main disadvantages or losses of mergers include the aspects of some firms

Lit 9 Essay Example | Topics and Well Written Essays - 500 words

Lit 9 - Essay Example Homeless People and Homelessness (Houseless & Houselessness), is a useful website that provides sufficient material to understand what homelessness is. This website has arranged different topics related with homelessness and has published the details of homeless people, pictures, statistics, News, Homeless children, and so on. (Homeless). Divorce appears as a quite common theme in the contemporary realistic fiction and the website ‘JWI Jewish Women International’ (What is Divorce), is useful for those who seeks for the details of divorce. One can use the additional links provided in this web page for an understanding of divorce and related topics. The online article, ‘Coming of age in the years of living dangerously’ by Brill Briggs clearly expresses the issue, ‘coming-of-age.’ It is available at: http://www.msnbc.msn.com/id/31670059/ns/health-kids_and_parenting/ (Briggs). ‘The problem death and disease’ is the website that deals with the topics of death and disease. It also discusses the reasons for deaths caused with the abuse of tobacco and other drugs. (The Problem Death and Disease). ‘Monster’ by Myers is a widely discussed novel that fulfills most of the characteristics of realistic fiction. One of the main features of the novel concerns with the presentation of its content in such an honest way that the readers feel nothing exaggerated with the characters or the setting. â€Å"The mood is very dark and filled with despair as we see Steve learning to cope with what may be the outcome of this trial.† (Myers). The protagonist of the novel Steve is a true representative of youngsters who had spent their life in jail either as an after effect of their crime or becomes prey of the existing social customs. The novel exposes social as well as the personal values through Steve and his identity remains as a question to society. The novel allows the readers to reach