Monopoly - economics Essay Example for Free

Monopoly economics Essay In this chapter, look for the answers to these questions: ? Why do monopolies arise? ? Why is MR P for a monopolist? ? How do monopolies choose their P and Q? ? How do monopolies affect society’s well-being? ? What can the government do about monopolies? ? What is price discrimination? Economics PRINCIPLES OF N. Gregory Mankiw Premium PowerPoint Slides by Ron Cronovich  © 2009 South-Western, a part of Cengage Learning, all rights reserved 1 Introduction ? A monopoly is a firm that is the sole seller of a product without close substitutes. Why Monopolies Arise. The main cause of monopolies is barriers to entry – other firms cannot enter the market. Three sources of barriers to entry: 1. A single firm owns a key resource. E. g. , DeBeers owns most of the world’s diamond mines 2. The govt gives a single firm the exclusive right to produce the good. E. g. , patents, copyright laws 2 ? In this chapter, we study monopoly and contrast it with perfect competition. ? The key difference: A monopoly firm has market power, the ability to influence the market price of the product it sells. A competitive firm has no market power. MONOPOLY MONOPOLY 3 Why Monopolies Arise 3. Natural monopoly: a single firm can produce the entire market Q at lower cost than could several firms. Example: 1000 homes need electricity ATC is lower if one firm services all 1000 homes than if two firms each service 500 homes. MONOPOLY Monopoly vs. Competition: Demand Curves In a competitive market, the market demand curve slopes downward. But the demand curve for any individual firm’s product is horizontal at the market price. The firm can increase Q without lowering P, so MR = P for the competitive firm. 4 Cost Electricity ATC slopes downward due to huge FC and small MC ATC 500 1000 Q P A competitive firm’s demand curve $80 $50 D Q 5 MONOPOLY 1 10/23/2012 Monopoly vs. Competition: Demand Curves A monopolist is the only seller, so it faces the market demand curve. To sell a larger Q, the firm must reduce P. Thus, MR ? P. P ACTIVE LEARNING A monopoly’s revenue Common Grounds is the only seller of cappuccinos in town. The table shows the market demand for cappuccinos. Fill in the missing spaces of the table. Q 0 1 2 3 4 5 6 P $4. 50 4. 00 3. 50 3. 00 2. 50 2. 00 1. 50 7 1 TR AR n. a. MR A monopolist’s demand curve D Q MONOPOLY 6 What is the relation between P and AR? Between P and MR? ACTIVE LEARNING Answers Here, P = AR, same as for a competitive firm. Here, MR P, whereas MR = P for a competitive firm. Q 0 1 2 3 4 5 6 1 Common Grounds’ D and MR Curves P TR $0 4 7 9 10 10 9 AR n. a. $4. 00 3. 50 3. 00 2. 50 2. 00 1. 50 8 MR $4 3 2 1 0 –1 Q P MR $4 3 2 1 0 –1 $4. 50 4. 00 3. 50 3. 00 2. 50 2. 00 1. 50 0 $4. 50 1 2 3 4 5 6 4. 00 3. 50 3. 00 2. 50 2. 00 1. 50 P, MR $5 4 3 2 1 0 -1 -2 -3 0 1 2 3 Demand curve (P) MR 4 5 6 7 Q 9 MONOPOLY Understanding the Monopolist’s MR ? Increasing Q has two effects on revenue: ? Output effect: higher output raises revenue ? Price effect: lower price reduces revenue ? To sell a larger Q, the monopolist must reduce the price on all the units it sells. Profit-Maximization ? Like a competitive firm, a monopolist maximizes profit by producing the quantity where MR = MC. ? Once the monopolist identifies this quantity, it sets the highest price consumers are willing to pay for that quantity. ? Hence, MR P ? MR could even be negative if the price effect exceeds the output effect (e. g. , when Common Grounds increases Q from 5 to 6). 10 ? It finds this price from the D curve. MONOPOLY MONOPOLY 11 2 10/23/2012 Profit-Maximization 1. The profitmaximizing Q is where MR = MC. 2. Find P from the demand curve at this Q. Q Costs and Revenue MC The Monopolist’s Profit Costs and Revenue MC ATC P D MR Quantity As with a competitive firm, the monopolist’s profit equals (P – ATC) x Q P ATC D MR Q Quantity Profit-maximizing output MONOPOLY 12 MONOPOLY 13 A Monopoly Does Not Have an S Curve A competitive firm ? takes P as given ? has a supply curve that shows how its Q depends on P. A monopoly firm ? is a â€Å"price-maker,† not a â€Å"price-taker† ? Q does not depend on P; rather, Q and P are jointly determined by MC, MR, and the demand curve. So there is no supply curve for monopoly. MONOPOLY 14 CASE STUDY: Monopoly vs. Generic Drugs Patents on new drugs give a temporary monopoly to the seller. Price The market for a typical drug PM When the patent expires, PC = MC the market becomes competitive, generics appear. QM D MR Quantity QC MONOPOLY 15 The Welfare Cost of Monopoly ? Recall: In a competitive market equilibrium, P = MC and total surplus is maximized. The Welfare Cost of Monopoly Competitive eq’m: quantity = QC P = MC total surplus is maximized Monopoly eq’m: quantity = QM P MC deadweight loss Price Deadweight MC loss? In the monopoly eq’m, P MR = MC ? The value to buyers of an additional unit (P) exceeds the cost of the resources needed to produce that unit (MC). ? The monopoly Q is too low – could increase total surplus with a larger Q. ? Thus, monopoly results in a deadweight loss. P P = MC MC D MR QM QC Quantity MONOPOLY 16 MONOPOLY 17 3 10/23/2012 Price Discrimination ? Discrimination: treating people differently based on some characteristic, e. g. race or gender. Perfect Price Discrimination vs. Single Price Monopoly Here, the monopolist charges the same price (PM) to all buyers. A deadweight loss results. Price Consumer surplus Deadweight loss ? Price discrimination: selling the same good at different prices to different buyers. PM MC ? The characteristic used in price discrimination is willingness to pay (WTP): ? A firm can increase profit by charging a higher price to buyers with higher WTP. Monopoly profit D MR QM MONOPOLY 18 Quantity 19 MONOPOLY Perfect Price Discrimination vs. Single Price Monopoly Here, the monopolist produces the competitive quantity, but charges each buyer his or her WTP. This is called perfect price discrimination. The monopolist captures all CS as profit. But there’s no DWL. MONOPOLY Price Discrimination in the Real World ? In the real world, perfect price discrimination is not possible: ? No firm knows every buyer’s WTP ? Buyers do not announce it to sellers Price Monopoly profit ? So, firms divide customers into groups MC D MR Quantity based on some observable trait that is likely related to WTP, such as age. Q 20 MONOPOLY 21 Examples of Price Discrimination Movie tickets Discounts for seniors, students, and people who can attend during weekday afternoons. They are all more likely to have lower WTP than people who pay full price on Friday night. Airline prices Discounts for Saturday-night stayovers help distinguish business travelers, who usually have higher WTP, from more price-sensitive leisure travelers. MONOPOLY 22 Examples of Price Discrimination Discount coupons People who have time to clip and organize coupons are more likely to have lower income and lower WTP than others. Need-based financial aid Low income families have lower WTP for their children’s college education. Schools price-discriminate by offering need-based aid to low income families. MONOPOLY 23 4 10/23/2012 Examples of Price Discrimination Quantity discounts A buyer’s WTP often declines with additional units, so firms charge less per unit for large quantities than small ones. Example: A movie theater charges $4 for a small popcorn and $5 for a large one that’s twice as big. Public Policy Toward Monopolies ? Increasing competition with antitrust laws ? Ban some anticompetitive practices, allow govt to break up monopolies. ? E. g. , Sherman Antitrust Act (1890), Clayton Act (1914) ? Regulation ? Govt agencies set the monopolist’s price. ? For natural monopolies, MC ATC at all Q, so marginal cost pricing would result in losses. ? If so, regulators might subsidize the monopolist or set P = ATC for zero economic profit. MONOPOLY 24 MONOPOLY 25 Public Policy Toward Monopolies ? Public ownership ? Example: U. S. Postal Service ? Problem: Public ownership is usually less efficient since no profit motive to minimize costs CONCLUSION: The Prevalence of Monopoly ? Doing nothing ? The foregoing policies all have drawbacks, so the best policy may be no policy. ? In the real world, pure monopoly is rare. ? Yet, many firms have market power, due to: ? selling a unique variety of a product ? having a large market share and few significant competitors ? In many such cases, most of the results from this chapter apply, including: ? markup of price over marginal cost ? deadweight loss MONOPOLY 26 MONOPOLY 27 CHAPTER SUMMARY ? A monopoly firm is the sole seller in its market. Monopolies arise due to barriers to entry, including: government-granted monopolies, the control of a key resource, or economies of scale over the entire range of output. CHAPTER SUMMARY ? Monopoly firms maximize profits by producing the quantity where marginal revenue equals marginal cost. But since marginal revenue is less than price, the monopoly price will be greater than marginal cost, leading to a deadweight loss. ? A monopoly firm faces a downward-sloping demand curve for its product. As a result, it must reduce price to sell a larger quantity, which causes marginal revenue to fall below price. 28 ? Monopoly firms (and others with market power) try to raise their profits by charging higher prices to consumers with higher willingness to pay. This practice is called price discrimination. 29 5 10/23/2012 CHAPTER SUMMARY ? Policymakers may respond by regulating monopolies, using antitrust laws to promote competition, or by taking over the monopoly and running it. Due to problems with each of these options, the best option may be to take no action. 30 6.

Analyzing The Class System In Twelfth Night Duchess Of Malfi English Literature Essay

Analyzing The Class System In Twelfth Night Duchess Of Malfi English Literature Essay The feast of Twelfth Night where the play takes its name, was celebrated in a time when social hierarchies were turned upside down. That same spirit is alive in Illyria, and Shakespeare has created situations that create a comedic yet farcical tone to the play. I am going to compare and contrast the ways in which hierarchy class are used as plot devices, a means create comedic circumstance and for mistaken identity. Hierarchy is series of ordered groupings of people or things within a system, and in the case of twelfth night the constrains of time have to be taken into consideration, as the views of contemporary audiences would give the play a new interpretation and a loss of satire or comedic value. Feste as a means of a narrative feature if fairly incohesive in his role along the side of characters such as Sir Toby whose actions dictate the plays outcome (his manipulation of Sebastian) rather we know of his intellect although his career does not suggest that he is intelligent one who professionally Counterfeits folly for the entertainment of others, a jester, Clown or one who has little or no reason or intellect although we see Feste as a sharp and witty jester Better a witty fool than a foolish wit. And because of his class no love like Maria is shown for minor roles (although in some adaptations all characters are connected for an orthodox happy ending) O mistress mine, where are you roaming? O, stay and hear; your true loves coming. .he is intelligent one who professionally Counterfeits folly for the entertainment of others, a jester, Clown or one who has little or no reason or intellect although we see Feste as a sharp and witty jester Better a witty fool than a foolish wit. And because of his class no love like Maria is shown for minor roles (although in some adaptations all characters are connected for an orthodox happy ending) O mistress mine, where are you roaming? O, stay and hear; your true loves coming. The almost farcical relationship between Sebastian and Antonio is created by Shakespeare for a hinted comedic effect or just for structure If you will not murder me for my love, let me be your servant. Antonios language can be seen as simply the expression of a purely platonic passion. However, Antonios words can also be seen as carrying an obvious homoerotic charge. It seems safe to say here that if Antonio were a woman, we would read her speech and actions as an unambiguous expression of her love for Sebastian and hope that he would return this love. In a play so concerned with bending gender roles-a play in which Orsino can seem to be attracted to Viola Malovolio portrays a classic image of a Puritan. As Olivias servant, he dreams of power and his status within the inner ring, and wants nothing else than to marry his mistress. This would have seemed absurd and impossible as there are societal normalitys that would prevent such an unfortunate marriage. Although social mobility was beginning to take place, there was still a division among the classes. It would have been quite out of place for a woman of Olivias status to marry one so far beneath her. Although for Malovolio, the situation of how it would be between him and Olivias uncle, Sir Toby Belch, if he had gained the hand of his mistress, he said, I extend my hand to him thus, quenching my familiar smile with an austere regard of control You must amend your drunkenness Malovolios presence in this scene adds a new uncertainty to the play and we start to loose the empathy we once had for the idiotic Malovolio rather we see his pretentious pompous way of displaying his false hope and misguided love. We can see why Maria doesnt feel cathartic about the plot and its unfitting end. The manor in which Malovolio speaks shows that he truly believes he deserves to be above his class and talks almost condescending to Sir Toby whose reaction shows his disapproval. Malovolios desire to rise above his class sets a course for his own demise though the relationship with Olivia; this shows the audience that Sir Toby and the others find his delusions to preposterous. Malovolio is an unsuitable match for Olivia not only of his unappealing personality but also because he is not of noble blood. He is within his class a lower class citizen and to Sir Toby a commoner, while Olivia is a woman of noble blood with money and a high social status. The Duchess (within the duchess of malfi) is an independent and defiant woman who has a strong personality and I think was urged on to remarry by her brothers threats and warnings not to remarry down her social status. I believe that she wanted to defy her brothers, she wanted to rebel, because thats in her nature. Websters primary source for his story (mostly true to history), William Painters  Palace of Pleasure(1567), shows less sympathy for the Duchess, taking a strict, moralistic tone, condemning her for being too lustful and for breaking the accepted rules of her social status Hypocrisy is woven of a fine small thread, Subtler than Vulcans engine: yet, believet,Your darkest actions: nay, your privatst thoughts,Will come to light. . Webster created, in the Duchess what Shakespeare never did, a tragic female protagonist (Juliet doesnt act on her own, Cleopatra shares the world stage with Antony) who represents a challenge to social hierarchy and  natural  order, violas situation was resolved also. As a woman she refuses to be subservient to men: she ignores her brothers commands not to marry, and she takes the initiative to woo Antonio. A rich widow presented a special threat to male-dominated families, as she was now free to marry of her own choosing for love, and to give the family wealth to another man. The problem in a rigid society. Her crime is choosing a husband not from the ruling class but from the upwardly mobile middle class (using the term very slackly). The ruling class, in the shape of Duke Ferdinand and the Cardinal, resist the idea of a woman making a free choice, especially when that choice transgresses class strata. It is necessary for her to be eliminated in order to maintain the status quo . In the case of the Duke an obsession with blood, breeding and pedigree tips over into murkily incestuous desire, a rage to control his sisters sexuality and eventual madness. Jane Eyre  is critical in the exploration of neo-Victorian Englands social hierarchy. Brontes exploration of the complicated social position of governesses is perhaps the novels most important treatment of this theme. Like Heathcliff inWuthering Heights,  Jane is a figure of ambiguous class standing and, consequently, a source of extreme tension for the characters around her. Paradoxically for Malvolio his treatment creates a comedic effect of his outcome due to his class and personality and similarly to Sebastians effect of the propulsion of the play and festes catalytical effect to the narrative, In her novel  Jane Eyre, Charlotte Brontà « explores the possibility that class relationships have no absolute boundaries that cannot be crossed. Her protagonist Jane is placed in between economic classes and drifts among the lower, middle, and upper classes of Victorian England. Janes flexible class status allows her to evaluate other characters on their actions and personalities r ather than on their economic status and physical appearance. She forms deep relationships with members of the other classes and holds animosity towards individuals that others might respect based on their achievements in life but who did not act appropriately to Jane. Other characters in the novel judge Jane in much the same way as she judges them; they note her class status and physical appearance at first but then learn to appreciate her for her behaviour and thoughts. Brontà « ends the novel on a dramatic turn of events that completely flip Janes class status. Yet, Jane still remains the same character that we have seen throughout the entire novel. Charlotte Brontà « uses Jane Eyre as an example that class boundaries are not finite and that individuals can transcend them. Jane tends not to evaluate other people based on their class status. Instead, she evaluates peoples superiority or inferiority based on their behavior and forms either deep friendship or animosity based on it. During her childhood at Gateshead, Jane is more emotionally attached to the servant Bessie than to any of her wealthy family members. She bases her adoration on Bessies personal characteristics rather than her economic status. Fraiman tells us that during Christmastime, instead of yearning toward the genteel company, [Jane] would rather spend a quiet evening with Bessie (617) because of the motherly characteristics that Bessie displays towards Jane. Jane longs for the affection of a motherly woman rather than the glamorous company of her rich family. Janes characters disposition manifests, sophistication, education and higher status this would have been expected of an aristocrat, because Victorian governesses, who tutored children in etiquette as well as academics, were expected to possess the culture of the aristocracy. Yet, as paid employees, they were more or less treated as servants; thus, Jane remains penniless and powerless while at Thornfield. Janes understanding of the double standard crystallizes when she becomes aware of her feelings for Rochester; she is his intellectual, but not his social, equal. Even before the crisis surrounding Bertha Mason, Jane is hesitant to marry Rochester because she senses that she would feel indebted to him for condescending to marry her. Janes distress. This situation corresponds to that of Malvolio Jane herself speaks out against class prejudice at certain moments in the book. For example, in Chapter  23  she chastises Rochester: Do you think, because I am poor, obscure, plain, and little, I am soulless and heartless? You think wrong!-I have as much soul as you-and full as much heart! And if God had gifted me with some beauty and much wealth, I should have made it as hard for you to leave me, as it is now for me to leave you. However, it is also important to note that nowhere in  Jane Eyre  are societys boundaries bent. Ultimately, Jane is only able to marry Rochester as his equal because she has almost magically come into her own inheritance from her uncle. Bronte distils a perfect argument of love and its aforementioned dependency on class distinctions; she has used her characters in a way that there is her own symbolic meaning behind the novel. Brontes has created a direct contrast with the two other texts I am studying, within twelfth night Shakespeares use of class as a means for separation and forbidden love have been used for comedic effect, not to question or contrive against any social limitations, the duchesses situation was not to question but create dramatic effect using class as a division and boundary. Paradoxically to viola and the duchess janes class indifference and ambiguous history created a journey of self discovery and because of her unknown class, a way of finding true uncontrived love was found. The idea of social distinctions setting apart relationships now is considered archaic because of its absurdity and because of the transition within tolerance and rationality, it matters little about wealth and social hierar chy Love in Jane Eyre is a predominant theme and is projected and differed through the hindrance of the class system and its effect on love. I find a similarity within Janes character to Shakespeares viola because of their social difficulties leading to a positive conclusion in both cases. Whereas violas characters social misconception is used primarily for comedic and satiric effect Janes in used as a reflection of the constrains of the written content at the time and like a Christmas carol it has been written to inform and to create a fictional account of how class hindrance can cause suffering and a struggle to achieve and apprehend whats achievable. Brontes used of a first person narrative also gives the novel connotations of factual accounts and gives the whole novel a theme of realism and not directly implied intolerance. The duchess similarly to Janes character is portrayed trough a struggle, also in the duchess of malfi is through love though the class divide. Because of the time constrains within this novel, a different connotation was meant in the meaning of the theme of love though hierarchy. Websters use of class was distinctively a means of a plot device similarly although slightly contrived to twelfth night whereas the plot seems so farcical to his contemporary audience and shocking in the case of the duchess of malfi. Jane Eyre, The duchess of malfi twelfth night all share the confidence that all the characters whose social class is effect when looking fro love are all female. This is partly due to some of the constrains within the novels such as Jane Eyre where a womans ability to choose a partner was dictated their parents and this meant that a class hindrance (neglect from Mrs. Reed and her children I am glad you are no relation of mine. I will never call you aunt again as long as I live. I will never come to visit you when I am grown up; and if any one asks me how I liked you, and how you treated me, I will say the very thought of you makes me sick. Jane asserts her fiery spirit in her tirade, and she displays a keen sense of justice and a recognition of her need for love) made it harder than males to meet agreeable men. Whereas the duchess is of noble blood similarly to the situation of viola in that we know of her situation and the other characters are unaware of her noble blood and she fal ls in love below her class when in disguise as a man and a lower class than she is actually situated. the duchess is in love with a man from below her own class and because of the aforementioned time constrains this relation was seen as inappropriate and would have been contested by her family because of the effect on their families reputation and her future marital prospects.

Movie Essay -- essays research papers

THE STUDY OF FILM   Ã‚  Ã‚  Ã‚  Ã‚  A person puts on a front for the public to view. Often there are two sides to a person. One does not always see the other side of a person. In the films: The Talented Mr. Ripley, Unusual Suspect, Fight Club, and Persona let us view the other side of one. The film leads one on with using clues, hints, symbolism, and foreshadowing. Each film has some kind of a surprise ending. By using these foreshadowing techniques, it helps the ending seem believable. It makes the ending seem like everything fits. At the beginning of each film they each start off by examining each person, and taking a look at what is really going on in their head.   Ã‚  Ã‚  Ã‚  Ã‚  In the film The Talented Mr. Ripley, Thomas Ripley is uncomfortable with himself and begins a journey by living his life through the people around him. Ripley moves out to Europe on a quest to find Dickey Greenthumbs and bring him back to the United States. Tom goes out there to only find a person living the life that he would want to live. Tom becomes very jealous and ends up moving in with Dickey and lives the same life as he does. Tom becomes jealous of a secret affair that Dickey had and does away with her life. It comes to a point where that Dickey no longer wants Tom around anymore. Tom is crushed by this and kills Dickey. Tom would only where one set of clothing and when he was living his own life. Tom obsessed with his life and decided to actually transform and become that person. Tom with drew money from his bank account. Tom takes off his glasses and comes his hair and dresses just like Dickey would. Tom becomes convinced that he is actually Dickey. When one of Dickeys friends starts to stumble onto what Tom is doing, Tom does away with his life . Tom sees nothing wrong with this. Dickey wore two rings that never came off his fingers. He goes on to kill his gay friend and thinks that he is dickey at all time. The rings represented his life, and when Tom wore the rings he became Dickey. When Tom Ripley killed Dickey in the movie it happened at in the water. Water is usually in a movie when a significant change is about to occur in ones life. From that point on is Tom changed and became Dickey. Towards the end of the film tom is once again looking out into the water along with his gay friend. This when his girlfriend of when he wa... ... Brad Pitt and that was him that started and created fight club. It was the same deal with Norman Bates in Psycho. He comes too the conclusion that the only way to get Brad Pitt out of his head was to shoot himself in the head. Edward could not deal with the other part of himself, so this was the only way out for him.   Ã‚  Ã‚  Ã‚  Ã‚  Persona is a film which all of these other films were based from. It starts with a nurse and its patient. For some reason the nurse and the patient look very similar giving a hint to what is to come at the end. The patient is a mute while the nurse it trying to help her with her friends. Along the way the nurse discovers that she has problems of her own. The film uses a lot of close up shots. These shots compare the two girls together. As the nurse tries to help the patient she starts to realize that she needs help herself. The two girls seem to have more in common then they originally thought. The two girls didn’t resemble one another for no reason, but as you find out in the ending that the two girls are in fact the same girl. Along the way there are many clues that these two girls just don’t look and share some of the same qualities.

Malmar McKnight’s The Storm Essay -- Malmar McKnight The Storm

Malmar McKnight’s The Storm Malmar McKnight’s frightening story, â€Å"The Storm†, weaves a violent storm and murder together to heighten the horrific fears that engulf Janet Willsom. â€Å"The Storm† is a combination of Mother Nature, Janet’s emotions, and her heartbreaking dilemmas. The eerie mood is revealed throughout the story. Figurative language helps the reader bring the story to life in his/ her mind. The author’s use of irony is devolved through Janet’s changed perception of the storm. Throughout the story, the mood becomes more suspenseful. As Janet walks out of the strong spring storm and enters her cold damp house, she is overcome by feelings of isolation and loneliness. Her husband is not there; there are dead plants around her house as if nobody has been there for a lo...

First Paper: “The House on Mango Street” -- Literature Review

First Paper: â€Å"The House on Mango Street† In The House of Mango Street, Sandra Cisneros depicts the character of Esperanza as a coming-of-age female who dreams about having a house of her own. The house will bring for her the personal and family stability that she needs; as evidenced by the way the author uses the house to represent Esperanza’s search for what she wants to be as an artist and as a woman. This is significant because it speaks about how people may use their imagination as a means to reinvent themselves. Socially speaking, the concept of property is related to the possession of tangible and intangible things by an individual or a particular group. This idea of property brings benefits for some people: it gives the feeling of having accomplished something in their lives, along with the stability that allow individuals to develop new ideas and projects as a result of having more confidence. More important, this idea of property brings for people a sense of belonging that is a fundamental part of their success in any community. In The House of Mango Street, Sandra Cisneros starts the story with a main character who describes her family journey to a new house, the House on Mango Street. Despite describing a history of constant moving from different places that has ultimately constituted the girl’s family, the author implies in this description a sense of family unity that is based on the premise of acquiring property: â€Å"†¦we were six—Mama, Papa, Carlos, Kiki, my sister Nenny and me (†¦) The house on Mango Street is ours, and we don’t have to pay rent to anybody†¦Ã¢â‚¬  (p. 3). However, when what people accomplish in their lives do not meet their expectations, frustration and disappointment may come alone. This is Esperanza... ...that defines her personality in terms of who she is away from her family heritage. Rather than assuming a name simply because it was given at birth, Esperanza is looking to create her own history away from her parents and her sister; consequently, changing her name will be for Esperanza a very important part of her process toward finding an identity. â€Å"In English my name means hope. In Spanish it means too many letters. It means sadness, it means waiting.† For the first time, Esperanza mentions her name, but she implies a negative connotation in it. Her complaint about having a name with so many letters might express her discomfort when trying to be part of a community, because her name has a longer, harder and foreign pronunciation in comparison to the names of her siblings: Carlos, Kiki and Nenny, which are more suitable into the sounds of the English language.

Literature and Cinema Essay

Life is a Theme of Literature, Literature is the expression of Life. Life fashions Literature and Literature moulds Life. The intimate relation between Literature and Cinema is one of the common place truths which have been illustrated again and again, both Social and literary life history. Literature is the most fascinating creation of a literary artist based on the style and stategy of life. Life and reality are the basics of Literature. It’s a product of creation of a literary artist, accompanied with his theoretical and practical knowledge, intellect, thoughts and imagination, where an artist creates his own animated world with realistic events and incidents. As through the words of Mathew Arnold â€Å" Literature is the best record that is thought and Known in the world†, in the words of Satyajit â€Å"Literature was another avenue for the expression of his creative talents†. Cinema, an art of showing life of human beings and the respective happenings in life, which literature glorifies, not only the actual occurances but also reflects in an idealized form, the standards of social thought and morality. Cinema/Movies, the most remarkable, illuminating & fascinating discovery of Science and Technology, where the credit goes to the American scientist ‘Thomas Alva Edison’. The tone of literature changes with the stages of society, life style and the respective incidents, which portrayted & given a clear view by means of perfect moulding in mode of Films. These film/Vedio tapes are chosen out of the American experimental tradition to exemplify the various techniques of marrying the two arts â€Å"Literature & Cinema†. Every natural incident before the poet, around him, in world is the only source of utterance, arouses out his inspiration & his creative energy that rests upon the core of reality. This what further transformed into poems, speeches, songs and novels respectively. The poet presents his skillfulness, an admirable creation of his imagination and fancy in the mind of the readers, but in Later Middle Ages with the growth and development of drama led the people to exemplify another form of art, their intense fascination on gestures and acting, Various forms of drama were performed based on different scripts gives a clear evidence from the popularity of â€Å"Miracle† and â€Å"Morality† plays and â€Å"Interludes† before the advent of Elizabeathan drama and playwrights. The dramatic performances were based on antiphonal singing, dialogues were written and the possibilities were in Roman Catholic Church, with the advent of Elizabeathan drama, various plays of Shakespeare, Marlowe, Dickens and others followed, enriching the English literature. Considering the nature of work of literature can be comprehended by means of two stages, the art of reading and the art of showing, in which the later transforms poetry, novels, short stories into Cinema. The major distinction between them lies as poetry belonging to the art of utterance, while cinema/movies the art of showing, but on the whole they both don’t make easily a good couple. These films and the vedio makers have taken up the challenge anyway to make a way of responding the poet’s work, creating original cinematic writing, gradually leading to the magical, amusing world of entertainment and the fantasy in films. Cinema, A proportionate to the style of language as when a novel, short story transformed into a film, the first note worthy part comes the script. The script writer may or may not mould down the language of the novel in order to make an easy communication and understanding to the audience, mainly applicable in commercial films. In case of commercial films the novel or short story may be taken as a script but it may be modified according to the flavour of audience. The director Overrules the whole cinematographic sequence and drives away his workshop, tackling all barriers, creating a view of life and reality, giving a colourful portraiture of a dream world mingling with comic and tragic sequences with distinct and dancing, stepping on toes, wooing each other with charms of mouth, eye and mind. Finally ending with an admirable climax. Thus listening and reading a poet’s work is equally proportional to viewing and listening film maker’s work. Infact, Movies/Films are a director’s medium, as they reflect director’s own vision and his thoughts, but a fact acts as a contradiction and though debateable, how can a cinema be its truly literaray genius ? As when a great work of literature is adopted and placed on the screen by a director, whether it will be true or equal to the writer’s vision, as while transforming it into a celluloid. With the inception of Cinema, Literature has attracted all the creative film makers, pioneers in the world of cinema such as Pramathesh Barua, Debaki Basu have based their films on the eminent works of Sarat Chatterjee, Tarashankar Bandhopadhyay and others. Satyajit Ray’s â€Å"Pather Panchali† was the first which brought International Acclaim, was wholly based on the great work of literature of Bibhuti Bhusan Bandhopadhayay, Other than his Imaginative Creation Of Feluda, a Private Investigator, His nephew and literary artist Jatayu, together making â€Å"The Three Musketeers†, roaming different places, solving cases purely based on intellect also placed on the screen- â€Å"Sonar Kella†[The Golden Fortress], Joy Baba Felunath [Mystery of the Elephant God] and many more. His Creation Of Professor Shonku a Scientific, mystery thriller and Tarini Khuro, an adventurous, mystery sequence bring us to his imagination, art and literacy. Film Meastro Tapan Sinha in his film â€Å"Kabuliwallah†, which is wholly based on Tagore’s story, have also struck the writer’s vision. Eminent film makers as Mrinal Sen, Kumar Shahani and Adoor Gopala Krishnan were criticized ruthlessly when their literary works are adopted but distinguished from the original work. Mrinal Sen’s Oriya film â€Å"Matira Manusya† in 1965, the first Oriya film with an extraordinary literacy but had to face criticism due to the differentiation of literacy work with the film. Godrad and Mrinal Sen always based their films on the recreation of literacy classics. In this case the ideas and statements of the film makers get dwarfed in order to be true to the literary classics. Now lifting the veil of literary classics, there are many other eminent countless good Indian films were made simply by translating the works of Sarat Chatterjee, R. K Narayan, Banophool, Premchand, Bankim Chandra Chattopadhayay, Manik Bondhopadhayay and many more. It is indeed a credit of the director, translating these fabulous works into films by enhancing the appeal of the novel, doing a perfect justice to the writer’s work, possibly contributing a commercial support. Apart from this there are also enough contribution of the film makers of abroad. Films/Movies based on Shakesperean Comedy drama â€Å"Romeo and Juliet, â€Å"A Midsummer Night’s Dream†, â€Å"Twelfth Night†, â€Å"The Merchant Of Venice† etc. Even Shakespeare’s tragedies are transformed in Movies- ‘Macbeth’, ‘Hamlet’, ‘Othello’, ‘King Lear’ ‘Tempest’ etc. Marlowe’s ‘Edward II’, Jane Austen’s ‘Pride and Prejudice’, Milton’s ‘Paradise Lost’, Charles Dicken’s ‘Great Expectations’ and many more have been moulded and given a new look, quite popular to our present generation. Penny Gay interested in film ‘adaptation’ of classics, particularly of Shakespeare and Jane Austen: she is enthusiastic about free, imaginative, and wide-ranging rather than literalist attempts to translate these works to the screen. She has supervised several Honours dissertations in this field, and has taught a unit of study called ‘Shakespeare in the City’ which is entirely based on film versions. A close analysis on the films of Premchandra and Saratchandra, we find the characters and the situations are created in such a way, it seems it appears from modern day. Mordern world are in the urge of horror, mystery,thriller Stories, suspence thriller, brutal murders, death sequences centering round a single cause – may b a human being, living dead or alive, beasts and insects, by any cause of scientific or natural disaster, take a major role in the world of Cinema. Commertialy they usually do a huge amount of business. â€Å"Species 1& 2† shows how natural concequences takes a major part in creation of a new species, a living organism with in human beings. â€Å"Spiders and its Offsprings† â€Å"Arachnophobia†, Eight legged Freaks† gives a proper evidence of how a simple carelessness can turn into a terror of death, an unstoppable end. Similarly in movie â€Å"Final Destination†It is seen a different style of terror resulting death and its consequent horrors, with a superb touch of realism, blood hell and unyielding spirit of revenge paralysed the audience with terror. Mrinal Sen said â€Å"Cinema is never overawed by Literature† as he never based his films on any literary piece of work nor he translated any literary work into films, but he never moved away from literature. The Joyous elements of literature always attracted his vision. A small synopsis of the work or novel is enough for him to produce a film, as he belived â€Å"Cinema is a joint form of art, as a new form of art, borrows ideas from the old, creating a new way out from its curves and leads the path of progress as a medium. † Kevin Bacon Says â€Å"A good director creates an environment, which gives the actor the encouragement to fly†, Hector Babenko said â€Å"Curiosity doesn’t matter any more. These days people don’t want to be transported to emotional territories where they don’t know how to react. † -Robert Bresson said â€Å"My movie is born first in my head, dies on paper; is resuscitated by the living persons and real objects I use, which are killed on film but, placed in a certain order and projected on to a screen, come to life again like flowers in water. † The Script for making a movie always comes from literature, Pratical incidents, Realism, Beauty, Nature, Romance, comedy, Tragedy, Soliloque are the common facts of both literature and cinema. Cinema is Solely indebeted to literature, either partially or completely. Though the world of literature never ends, each moment of life, makes a literary artist discover new ideas and thoughts, a debateable question, indeed both literature and cinema are interconnected to each other, Literature can turn into a Cinematic view/cinema, but a cinema can never turn into literature. To a Literary genious, Literature is a view of life, a mode of survival, thinking, communicating, expressing his thoughts, but to a Director, film the only mode of communication. A question arises whether cinema should be a true literary genius, it depends on the director as he should be given complete freedom of cinematizing the literary classics in his own view. Cinematising, creating a celluloid of the great classics of literature reflects the vision of the writer and the ideas of the director simultaneously, Still remains unquestionable Literature is bound to cinema or Cinema is bound to literature ?.

Hazel Case Essay

1.Hazel’s customers will most likely judge her quality based on how well their lawns are doing and by looking at the state of her other customers’ gardens as well. The customers will also weight the services she provides with the price she’s asking for. And the most important is her knowledge about gardening and how committed she is. Lawns should be taken care of regularly so she should manage her time precisely not to miss an appointment or neglect a certain garden. 2.a. Like any other business forecasting is a vital part of the operations. Forecasting is needed to manage inventory, time and cash expenditures. With forecasting Hazel will be able to predict demand thus will be able to book her two part timers for certain dates. With forecasts she will also be able to get enough quantities of the fertilizers and tools she needs for the job. A forecast will also tell her when there will be available time required for her machine’s maintenance. b. The inventory Hazel must have is fertilizers and seeds. One of the most important decision that Hazel must do on a regular basis is how much to order of each based on the shipping cost of each order and the available space she has for storage in order to minimize her cost (Economic Order Quantity). Hazel must also pay attention to the fertilizers and seeds’ expiry dates so that they don’t go unused. c. Hazel needs to schedule her appointment and her machines’ maintenance time. Once appointments are set for each employee she has to assign the time slots between herself and her workers. Weather conditions can drive her to reschedule as well as health conditions if she or one of her part time workers get sick and can’t go to the appointment and something personal of importance comes up suddenly. d. The quality of her work especially in the industry she chose is very important. Based on the quality of her work more customers will come asking for her services and she can then raise her prices. e. The maintenance that Hazel has to do is for the equipments she uses. She has to make sure all machines are in good conditions and that all the blades and scissors are sharp enough. 3.a. Working for a company brings a steady foreseen income but is subject to the risk of getting laid off like it happened to Hazel before or maybe salary cuts during economic downturns. On the other hand working privately has the risk of not getting any orders for a period of time. The private business thing requires full commitment even if she has to skip some of her personal obligations; on the other hand working for a company has defined working hours. b. Not expanding the business would limit Hazel’s revenues and profits and losing one customer would have a significant negative impact on her operations. In contrast, expanding the business might also have some drawbacks because it will require an initial capital injection from her side to buy more equipments needed, she will have to hire permanent employees to run the business, she will be required to pay close attention to the quality of service that her employees are performing. All of these extra expenses might outweigh the extra profit she will get from the expansion so forecasts will play an vital role in her decisions on whether to expand or not. c. Launching a website would help Hazel reach a clientele she can’t possibly reach via marketing between her neighbors. However, the website she launches might get her more orders than she can possibly fulfill with her current capacity. Another important factor is that the website will need someone to monitor it and tak e care of it and if not enough orders come from the website then it won’t be worth its extra cost. 4.If the ordinance is passed Hazel can offer a new service to her clients which is moving their clippings. The advantages of the new service would be that it will bring her extra profit and it will be considered a dependent line of business that she can offer not only to the clients she cuts the lawn for but for anyone interested. The disadvantages would be the cost of getting new vehicles and new employees for the new business line and the complexity of running two different business lines simultaneously. 5.I think Hazel should send him the check first because she had given them her work (even if it wasn’t documented) and second because this would encourage other workers to share their ideas and not fear that she won’t pay them given they are only part timers. Another important thing is that this worker can spread the word that she didn’t pay him which will create a bad image of her in the market. The cost she will be incurring is the monetary value of the check . 6.a. The business Hazel deals in is affected by many other factors other than her work such as weather conditions and plants reactions to fertilizers. This outside effect requires more attention from Hazel’s side to make sure her quality does not vary dramatically because if that happens she might lose her credibility. b. If weather conditions are favorable then demand would probably decrease but if the conditions are unfavorable then the lawns would require more care from her side. According to the demand her inventory levels have to be set. 7.Hazel can consider offering a one month package, or a 6 month package or an annual one where the clients sign a contract with her for the whole period. Hazel can also offer bundle services in which she offers two of her services at a discounted price. Such offers would help Hazel attract more customers, will help her predict demand and will eliminate the risk of getting no new orders for a period of time.