Monday, February 17, 2020

Short answer questions Coursework Example | Topics and Well Written Essays - 500 words

Short answer questions - Coursework Example With two workers, Karen would make 40 stethoscopes ($400), but pay $200 in wages, giving a profit margin of $200. With three workers, Karen would make 55 stethoscopes ($550), but pay $300 in wages , giving a profit margin of $250. With four workers, Karen would make 65 stethoscopes ($650), but pay $400 in wages, again giving a profit margin of $250. With five workers, Karen would make 70 stethoscopes ($700), but pay $500 in wages, giving a profit margin of $200. With six workers, Karen would make 73 stethoscopes ($730), and give $600 in wages, meaning the profit margin is only $130, and with seven the profit margin is only $40. Taking all of this into account, it would seem that Karen should hire 4 or 5 workers, as these options both give a $250 profit margin and this gives the profit-maximizing level of output. This can be found using the formula: 2. Given the information from question 1, now say that the workers whom Karen hires get trained in new technology and learn new skills. This causes them to become more productive. Karen’s firm is the only firm to use this technology, and training does not improve the productivity of workers in firms outside of Karen’s firm. a) Will this change the quantity of workers whom Karen hires? Explain your answer. b) Will this change the wage rate of the workers in Karen’s firm? Explain your answer. (5 points) b- Different skill levels often equate to a difference in pay, and in this case Karen has hired workers trained in new technology with skills that cannot be found outside her own firm. The difference in pay rates for skilled workers can be seen as a compensation for aquiring skills (which may mean the worker has not been earning for some time) or for simply going through the lengthy and sometimes difficult process of aquiring these skills (Baumol, 2011). Additionally, as this technology is not available at other firms, workers need to have an incentive to work for Karen and undergo the relevant training, and

Monday, February 3, 2020

Art and Fashion Essay Example | Topics and Well Written Essays - 2250 words

Art and Fashion - Essay Example Jewelry, makeup and body arts as decoration also used artistic and cultural concepts to elaborate on the person's appearance. This paper discusses several creative designs of the influential Vivienne Westwood, associated with punk looks and fashion, and Jean Paul Gaultier, known to challenge cultural and gender boundaries when it came to fashion. Keywords: Culture, Designs, Art, Fashion, Music, Decorative, Jewelry, Metallic Chains, Hip Hop, Punk, Rock, Fabrics, Collection Introduction Art has evolved over the years to influence and spur old and new developments in the different industries. In the last half of the 20th century, the diverse works of art tremendously progressed to change the lifestyle of societies, not to mention the massive contribution of both art and fashion in the political, economic, and social spheres. There has always seemed to be a convergence in fashion and artistic works, which effectively influenced the performance in both industries. In the century’s last decades, it emerged to be difficult for one to distinguish art from fashion works because they had moved forth to intertwine. ... Although the boom of the fashion industry came between the 60s and 90s, expounding more on the incorporation of each works across the industries, the chronology of using fashion designs in theatre costumes for appealing performances, and acceptance of employing the arts to design garments of different fabrics and texture patterns across the trading lands as of early 90s, demonstrate how early the relational trend began developing. Taking an example of the early 20s chemise dresses, the garments were designed to resemble a plain tubular shape like the painter’s canvas, which beside the underlying textile cotton was well decorated with ornamentation and beading aesthetics (â€Å"Fashion and art† n.d.). It was evident with the growth of the arts and the market expansion in the fashion industry that one could hardly mention or produce one of the products or works without including the other. Performing Arts in the Fashion Industry Performing arts, especially music influence was the greatest factor that contributed to clothing designs in the late 20th century. After the 50s, the music industry artists in rock, hip hop and punk music took the center stage of influence to the different genders and young people’s dressing. As a result, what people wore would tell more about their lifestyle, preference in music just by the clothes they wore at the time. Music became part of design in fashion and textile industries as the increasing support for the musical genre and influential artists came up. According to McNeil, tracing back from the former 19th century, â€Å"art and aesthetic theory played a major role in the transformation of western European dress and North American colonial dress in the Enlightenment† (2011, p. 22). With the desire