Andy Warhol research Free Essays

Warhol made his pieces by finding what was well known, what hung out in current craftsmanship, and furthermore something with standard American qualities. Warhol likewise took regular items and transformed them into pop workmanship sensations. He understood that most of the United States went food shopping and chose to make a line of grocery store items. We will compose a custom paper test on Andy Warhol research or on the other hand any comparable point just for you Request Now This line of Whorl’s incorporated the extremely well known Brills boxes, sticker prices, the banana, and Coca-Cola bottles (Warwick). His making of Coca Cola Bottles in 1962 turned out to be extremely famous. The jugs are in the regular day to day existence of an American which made them extremely acquainted with for all intents and purposes everybody. â€Å"Warhol used to recognize the idea of the incomparable American culture, unknown and consumerist, gave to traditionalism and with a pride in unanimity, was the pervasive Coca Cola bottle-â€Å"(Cobblestone 12). To Warhol, a Coca Cola bottle appeared to be so straightforward be that as it may, likewise an all inclusive symbol in the United States. Prior to Warhol, heaps of specialists had aides who extended and prepared canvases, got things done, or even partook in making the work. In any case, at the Factory, the team developed to the size of an independent venture. It was viewed as kind of company, yet Warhol turned that thought on its head: â€Å"People thought it was me that everybody at the Factory was hanging around†¦ But that’s completely in reverse. It was me who was staying nearby every other person. I Just paid the lease. † offered ascend to? a sort for whom conflating society and business is tied in with â€Å"engaging with current life on its own terms,†Andy Warhol returned to the root of craftsmanship: drawing Stuff That Matters mountain men drawing creatures that either taken care of them or slaughtered them, later canvases and figures of divine beings and evil spirits. Andy Warhol took a gander at the world and asked, what makes a difference now? Which is the way â€Å"icons† of Marilyn Monroe and buyer items, for example, Campbell Soup wound up being a piece of his work. Warhol made his pieces by finding what was famous, what hung out in present day craftsmanship, and furthermore something with standard American qualities. Warhol likewise took ordinary articles and transformed them into pop workmanship sensations. He understood that most of the United States went food shopping and chose to make a line of grocery store items. This line of Whorl’s incorporated the famous Brills boxes, sticker prices, the banana, ND Coca-Cola bottles (Warwick). His formation of Coca Cola Bottles in 1962 turned out to be well known. The jugs are in the regular day to day existence of an American which made them acquainted with basically everybody. â€Å"Warhol used to recognize the idea of the incomparable American culture, mysterious and consumerist, gave to conventionalism and with a pride in unanimity, was the universal Coca Cola bottle-â€Å"(Cobblestone 12). To Warhol, a Coca Cola bottle appeared to be so basic in any case, likewise a general symbol in the United States. Andy Warhol research By unmistakable The most effective method to refer to Andy Warhol research, Essays

Cultural And Structural Theories

Social And Structural Theories Characterizing wellbeing has consistently been family member; here and there it is characterized as far as great wellbeing (feeling fit), terrible wellbeing (liberated from agony and distress), and as far as rang of assignment an individual can perform (utilitarian). Be that as it may, WHO (1948) Health is a condition of complete physical, mental and social prosperity and not only the nonappearance of malady or ailment. An asset for regular daily existence, not the goal of living. Wellbeing is a constructive idea stressing social and individual assets, just as physical limits. The clinical word reference characterize ailment as ailment of body or brain; unexpected weakness; disorder. Culture is the lifestyle of a gathering of individuals, society or network, it comprise of convictions, conduct, values, standards, customs, language, organizations and so forth basic to the individuals from the gathering, society or network. Culture can impact the meaning of wellbeing and ailment. Social methodology clarifies that wellbeing contrasts can best be comprehended as far as our lifestyle as society and as an individual and on the social class wherein we get ourselves, the lower the social class the more terrible the medical problems. Social methodology is of the sentiment that unexpected frailty is because of our eating regimen, propensities way of life. In some non western culture, a major individual is viewed as solid and the thin individual is viewed as sick, and is urged to eat more, where as in the western world, been fat is viewed as an execution order. A few societies don't have faith in setting off to the specialists when they are sick, they rather utilize a nearby cure. Social methodology totally reprimand the person for his/her medical issues since they don't follow a sound way of life, the dark report (1980) likewise acknowledged this clarification, yet recognized the way that even does that have a solid existence, despite everything experience the ill effects of same sick wellbeing as those that does the inverse for example non smokers at the danger of lung disease. The report proposed that distinctions in social class factors just record for 25% of social class disparities in wellbeing and sickness. All the more in this way, the basic methodology, acknowledges the conduct clarification to wellbeing contrasts, yet guarantees that the social methodology neglect to take a gander at the more extensive setting of disparity. Hence, unexpected frailty is because of the working condition to which a few people must choose the option to be exposed to given the current pay dispersion and access to circumstance. In clarifying the auxiliary methodology, the Marxist point of view of wellbeing and sickness will be examined. The key declaration of Marxist is the connection of creation (structure of the general public) which achieved division of work, which thusly reflect in the inference of social classes. Marxist accepts that wellbeing results for any general public are impacted by the economy framework in two different ways; Level of creation: mechanical infections and wounds, stress-related disease, condition contamination, handled food, compound added substances. Pay dispersion: way of life is estimated by riches and pay everyday environment, access to human services, diet, instructive chances, and recreational chances. The dark report (1980) likewise concurs with this view, as discovering keeps on indicating that unfriendly social condition is huge to the social pattering of wellbeing and disease in the general public. Assignment 2 Assessment OF THE EVIDENCE OF REGIONAL VARIATIONS AND INEQUALITIES IN HEALTH AND ILLNESS This paper will layout and assessing the proof of variety in wellbeing and ailment. To assess these issues two material confirmations from the Guardian News paper will be examined. The first is LOCAL INEQUALITIES MARK MAP OF WELLBEING (24/09/2008) will be alluded as APPENDIX A. This exposition will likewise assess sociological clarifications for wellbeing imbalances, for example, social, auxiliary, utilitarian points of view. Reports created by the administration and free research will be applied in assessing these local varieties. Informative supplement A canvassed the abberations in the wellbeing and conduct of individuals in various pieces of England. The discoveries made by the report with respect to wellbeing variations are: Ladies dressed in Blackpool are multiple times bound to smokes during pregnancy than ladies from Richmond upon Thames. Normal 5year old in Blackburn endures multiple times more tooth rot than 5year olds in Lichfield and Staffordshire. Young pregnancy rate in Lambeth south London is in excess of multiple times that of Rutland. Corpulence rate among kids beginning school in Hackney, east London is 3 time the rate in Teedale. The exploration was finished utilizing 30 key markers, of which none was referenced in the report. The report concurred that regardless of government exertion to destroy wellbeing disparities, the hole in wellbeing between the social classes in the public eye continue expanding. The report concurs with the auxiliary viewpoint, which accuses wellbeing imbalances for the economy framework (entrepreneur condition) of the general public, as caught in section 5 lines 4-6, tending to the issue of kid neediness the duty framework. This can be supported by the finding of the Black report (1980) which opined that wellbeing standard is legitimately connected to social class and social financial matters factors, for example, poor lodging, instruction, salary and condition. The discoveries in Appendix A, was distributed and circulated to each neighborhood boards in the UK, so wellbeing specialist in each locale can devise answer for checking their individual medical problems. Finding made by the report (APPENDIX A) with respect to conduct can't be clarified completely by relative neediness. The discoveries on conduct are: Lambeth in spite of having the most exceedingly awful young pregnancy issue in England, it likewise has the best figure for breastfeeding. Over 90% of moms breastfeed in Lambeth contrasted with 33% in Knowsley, Merseyside. Malvern Hills, west Devon and south Shropshire, practically all offspring of school age connect with at any rate two hours of great PE/school sport seven days contrasted with just 2/3 of youngsters in Newcastle-under Lyme and Surrey Heath. Kensington and Chelsea has the most noteworthy future, for both man and ladies contrasted with Manchester and Liverpool, they eat the most noteworthy extent of foods grown from the ground and the least pace of sudden passing rate brought about by malignant growth. Be that as it may, was in the last 10 in England for issues identifying with substance maltreatment among individuals matured 15 to 64. The above discoveries can be identified with the social methodology, which lay accentuation on the social decisions of the individual/gathering, for example, way of life, diet, cigarette smoking and liquor utilization. What's more, incompletely corresponding to the basic methodology, for Lambeth, there was increment of mindfulness on the significance of breastfeeding, for Malvern Hills, there is likewise the expansion of attention to the significance of activity with respect to Kensington and Chelsea maltreatment of substance may be because of way of life and for the most part since they are well off. Assignment 3 MOST SIGNIFICANT FACTORS INFLUENCING THE HEALTH AND ILLNESS IN A COMMUNITY Numerous variables impact wellbeing and general prosperity of a network. These range from singular components, for example, nonexclusive make up, age, sexual orientation and way of life, financial, social and condition factors. In spite of the above variables, the once that are most huge impact on a network wellbeing and prosperity are alluded to as the more extensive determinant of wellbeing. These are instructive accomplishment, work status, lodging and nature. Since these more extensive determinants cooperate with different elements it is hard to assess the individual commitment of every determinant to possible wellbeing results. Instructive Attainment: From different viewpoint of humanism and the finding of the Black report (1980), it is proof that instructive accomplishment has a significant impact in the general prosperity of the general public. As indicated by the Black report (1980), while, the general wellbeing of the country had improved, theories upgrades have not been equivalent over all the different social classes. Furthermore, the hole between the lower and higher social levels keep on enlarging. The report on Appendix An additionally featured this distinction, when Knowsley precinct thought that it was hard to teach moms to on the significance of breastfeeding (section 17). The circumstance in Knowsley can likewise be deciphered as a social pattern inside the ladies. Work Status: Cultural methodology opined that those in social class four and five eat less nutritious eating regimen than those in social class one and two, basic contends in any case, that, because of salary imbalance, those in lower classes can't appreciate the way of life of the wealthy in the public eye and endure more sickness because of their activity. Informative supplement B demonstrates that joblessness achieves neediness and social prohibition. It additionally shows that Barnet district joblessness rate expanded from 68.7% in 2006 to 71.2% in 2007, however stayed beneath England normal. Assignment 4 Adjusting HEALTH AND ILLNESS IN A COMMUNITY Keeping the network well: Prevention they state is superior to fix. Undesirable propensities are passed on from age as demonstrated in Appendix A, passage 7, lines 4-5. Barnet gathering intends to help their locale to carry on with a sound way of life, to prevent them from getting avoidable Wellbeing laborers in the different province/precincts should work in forestalling the specific medical issues of their neighborhood populace as showed in Appendix A passage 3. Government ought to set out, on wellbeing plans that are long haul.

Personal Trainer's Talents Research Paper Example | Topics and Well Written Essays - 1250 words

Fitness coach's Talents - Research Paper Example Individual preparing has various orders. Models are; child rub educator, contemplation, high-intensity exercise, rugby trainer and numerous others. These orders of decision require distinctive preparing offices. The activity standpoint of a fitness coach needs to it that there is a high likelihood that openings for work will be very helpful as from now to the coming years. Numerous individuals have chosen to live more beneficial ways of life because of various types of medical issues. Subsequently, the requirement for fitness coaches has gotten so satisfactory in numerous people’s lives. There has been a prominent decrease of school physical instruction programs henceforth, fitness coaches are expected to keep the physic of the youngsters molded and make them live sound lives. The compensation of a fitness coach generally goes from a low of $26,000 to a high of $50,000 every year. This isn't fixed as some fitness coaches gain more. One’s degree of instruction is likewise identified with one’s compensation. For instance, a recognition holder will gain less contrasted with a degree holder. Where one works will likewise influence one's pay. Establishment fitness centers and colleges offer the least compensation evaluated at $13 every hour which will rate about $26,000 yearly, bureaucratic and state government $20 every hour which adds up to $40,000 yearly. This remembers working for detainment facilities and parks. Privately owned businesses offer $25 every hour, which aggregates up to an expected $50,000 yearly. Ultimately, private coaches happen to get the most significant salary of an expected $50 every hour. This is accomplished through buckling down enough to get one's own customer list. The abilities required for one to be a fitness coach incorporate a decent degree of physical wellness, a cordial character, a great foundation in wellness exercises and great relational abilities. Regarding instructive necessities, most bosses incline toward one who is a holder of a bachelor’s qualification or confirmed. One is encouraged to enlist in a bundle that contains coursework in various zones, which are sports nourishment, emergency treatment and cardiopulmonary revival (CPR), athletic execution and customer wellness appraisal. It is significant for one to be guaranteed in the wake of having finished the preparation program.

The New Fuss About Globalization Essay Samples

The New Fuss About Globalization Essay Samples The Number One Question You Must Ask for Globalization Essay Samples The impacts of contemporary globalization on the fashion industry have changed the surface of fashion forever. Actually, this trend proceeds to create the world's commerce faster and more convenient. Like everything else on the planet, globalization includes advantages and pitfalls. There's so much to anticipate on the economic and company front in the years to come, because of globalization. Innovation of new scientific technology may lead to the growth of several new discoveries about nature and lead top a better mastery of the earth that we dwell in. Over time, people from diverse cultures, different nations, and distinct political systems are unified as a member of the present wave of globalization. It has introduced concepts, suggestions and methods that are utilised to improve wealth and productivity of distinct countries all around the world. Not really, but it's another theory that might or might not operate. In order to keep the core aims of the country of financial growth, the country was made to boost the functions carried out by the central government. The daily routine is also very likely to experience a comprehensive overhaul. The way an individual country is integrated into the international economy plays an important part in determining its degree of financial development. To be able to have an extreme type of patriotism marked by means of a sense of superiority over other nations, someone must believe they are right while others are erroneous. Even internal affairs of large and strong nations, and of course the rest of the ones, are made to adapt to the realities of the international economy. Each organization will attempt to provide the most competitive price. Globalization Essay Samples - Is it a Scam? The simple fact that globalization links the world's major businesses to make it even more universal, drastically impacts the better part of the world's populations. It is projected that 90% of the nation's mineral resources are unsurveyed and undeveloped. India has among the fastest growing economies on earth but Mathew states, the kind of globalization they have today hasn't improved the liveli hood of backward communities. Massive job loss has made further financial instability and political discontent. Therefor price amounts in various countries ought to be similar as globalization progressed. Nevertheless, the typical yearly increase of 445 due to globalization is quite a bit lower than in Canada. Several factors are related to globalization in India. MigrationThe economic advantages of human migration are a simple characteristic of Globalization. Since you may see, globalization impacts taxation in many various ways. ERP systems are among the solutions given to support global trade. The impacts of colonialism ultimately caused the destruction of several African traditional lifestyles and culture. The idea of globalization was associated many changes in India since it's not homogeneous. A couple of theories are suggested to control diversity and prevent conflicts in the practice of globalization. Introduction within this chapter you are going to be shown how to compose a report. Article 5 expands the argument in the prior chapter as it opines that globalization has caused the category of civilizations like the Western world versus the remainder of the world. Globalization can be useful for everybody, but it doesn't always seem to be at face value. It is a way of life, and, by now, it is going to happen.

Pegmatite An Intrusive Igneous Rock

Argumentative Essay On Gun Control - 1252 Words

Gun Control As Gene Autry once said â€Å"‘a gun like any other object that grants power is neither good nor evil but reliant on the one who holds it.’† Common gun control proposals do not and will not solve the issues we currently have in America in regards to gun deaths. Gun control has been a national debate since the 80’s, and for the most part, nothing has changed because there are still people dying from guns being used incorrectly. There have been many proposals made to control guns and regulate them, but none prove to be effective. â€Å" If someone is shooting at you, it is better to shoot back than to cower and pray† (Goldberg 25). The biggest reason general gun restrictions, gun-free zones, and background checks will not†¦show more content†¦If someone wants to kill, they will find a will and a way to do it. Banning and keeping guns out of the hands of law-abiding citizens has more drawbacks and is not supported by police. Eliminating or restricting guns used for self-defense does not make American citizens safer. As of 2016, one in 23 Americans is at risk of being murdered in some form, not just murdered with a gun. When debating guns, it should be acknowledged that guns, in the hands of qualified, trained individuals, prevent crimes and improve public safety. The vast majority of law enforcement believes legally armed citizens are critical in reducing crime. A national survey of current and retired law enforcement officials has showed that most officers do not believe gun control would work and having more trained, armed citizens would be more beneficial at reducing and preventing crime. Gun bans create more helplessness by disarming citizens who are legally carrying a gun. According to the Government Accountability Office, the number of Concealed Carry Permits has surged to ro ughly eight million, and the amount of gun related violence has gone down during that same period. â€Å" Concealed carry permit holders commit crimes at a lower rate than the rest of the general US population† (Winkler 35). â€Å" People who seek to obtain permits are likely toShow MoreRelatedArgumentative Essay Gun Control1410 Words   |  6 Pages English 101 Argumentative/Persuasive Essay 4/12/2013 Word Count 1,255 Readability 12.3 There are new proposed gun control laws in the aftermath of the massacre at Sandy Hook Elementary School in Newton, Connecticut that occurred on December 14th, 2012. This incident claimed the lives of twenty 1st graders and six adults and has set the government in motion to try to prevent future acts of violence by strengthening gun control laws in the United StatesRead MoreGun Control : Argumentative Essay Essay1702 Words   |  7 Pages100 3 November, 2014 Gun Control: Argumentative Essay The gun control debate is a good example that justifies the common known mantra that history will always repeat itself. Gun control is a regulation put forward with an aim of managing the purchase and ownership of firearms with the main aim being to reduce the criminal and unsafe use of firearms. The gun control measures involve strategies such as registration of firearms aimed at restricting the ownership of guns by people proved to beRead MoreArgumentative Essay : Gun Control Essay1000 Words   |  4 Pages Argumentative Essay: Gun Control in America â€Å"The second amendment of The United States Bill of Rights is my concealed weapons permit, period.†- Ted Nugent. Saving lives one by one starts with limiting the purchase, sale, and use of guns in America. According to Alexander Lee, the political and social debate over the question of how much gun control is appropriate and it has been regularly discussed within the last decade. Shootings such as Sandy Hook, and Tucson shootings have raised the government’sRead MoreArgumentative Essay On Gun Control1153 Words   |  5 PagesIn an editorial published in the Vidette Online titled â€Å"We Need Gun Control Now More Than Ever,† the editorial board takes on the topic of the need for stricter gun control. The editorial board reports that if gun control isn’t more strictly enforced it will only create more mass shootings. They make the point that if there was stricter gun control many people would still be living, but their lives have been cut short because of mass shootings. The editorial board is correct when they go on to sayRead MoreArgumentative Gun Control Essay1422 Words   |  6 PagesArgumentative Gun Control Paper The issue of Gun Control has been on the minds of humans for hundreds of years. How do we protect ourselves and our loved ones? How do we keep such a dangerous weapon out of the hands of the wrong person? Inside the Second Amendment we are granted the right to Bear Arms. Having that amendment gives each person the ability to carry a weapon if they choose, so how can we control who should or shouldn’t carry? According to an article evaluated from KovandizicRead MoreArgumentative Essay On Gun Control1397 Words   |  6 Pagesto the United States Constitution protects the right of the people to bear arms and was adopted on December 15, 1791, as part of the first ten amendments located in the Bill of Rights. Since then there have been many attempts to create stricter gun control legislation and this leads to the argument whether or not this is an attack on the 2nd  Amendment? The Bill of Rights amendments adds to the Constitution specific guarantees of personal freedoms and  rights. The Second Amendment was originally basedRead MoreArgumentative Essay On Gun Control757 Words   |  4 PagesWhat is gun control? Who is affected by gun control? Why should someone care about gun control? Imagine going to a concert with your friends and family, you guys are laughing and having a good time when all of a sudden someone starts shooting up the place. Are you thinking to yourself if guns were banned this wouldnt have happened? Or are you wishing you had a gun to protect everyone from what is happening? Gun Control has been an issue since the beginning of time, there are some people who thinkRead MoreArgumentative Essay On Gun Control715 Words   |  3 Pagescourse you can expect an ongoing political conversation on how to prevent attacks like this. During the attack, Paddock used what is called a â€Å"bump stock,† on many of his guns, making his gunsâ €™ rapid fire, like an automatic gun, which is what made it so easy for him to open fire and attack so many. After the tragic event, a gun control organization looked into the device that helped aid Paddock in his attack and decided they would sue the makers for making it so accessible, and other reasons. WashingtonRead MoreArgumentative Essay On Gun Control1610 Words   |  7 PagesGun Control Although gun control laws are made to prevent violent outcomes, the influence which laws carry are the complete opposite to what one would think. Ever since the ratification of the Second Amendment, the debate on gun control has become a very heated topic. There is one side that believes that guns should be banned in order to stop any future tragedies from occurring. On the other hand, there is another side that believes guns are our cherished right to own and we should be allowed toRead MoreArgumentative Essay On Gun Control1006 Words   |  5 PagesGun control in the United States is a very controversial topic in today’s political society, leaving the nation divided into two sides with two strongly opinionated beliefs. This all started with the increase in the amount of mass shootings and an overall increase in gun violence. The two sides consist of the liberal point of view and the conservative point of view. The liberals believe that the availability of firearms to the pe ople in the country is a major issue, and that the U.S. government is

Business Economics Laissez Faire Theory

Questions: 1. Prepare a report mentioning the different objectives for the new startup company Careem. 2. Describe General theories and business economic theories. 3. AL Rash insurance offers mail-order automobile insurance to preferred-risk drivers in Dubai. The company is the low-cost provider of insurance in this market but does not believe its $750 annual premium can be raised for competitive reasons. Its rates are expected to remain stable during coming periods; hence, P = MR = $750. Total and marginal cost relations for the company are as follows: TC = $2,500,000 + $500Q + $0.005Q2 MC = $500 + $0.01Q Calculate the profit-maximizing activity level. Calculate the companys optimal profit. Answers: 1. Objectives of the Company In order to make sure about the long-term success of the new start-up company, Careem, SMART business objectives will be defined. SMART refers to specific, measurable, achievable, realistic, and time oriented goals (Hamel and Prahalad, 2010). SMART objectives will be set because they can also be used as performance measures to determine the successful launching of the business. Such objectives will also provide a clear and right path to the firm to attain number one position in the market as well as attain competitive advantage over competitors like Uber. The objectives are as follow: To successfully launch Careem in the market with the end of the first year. To attain a market share of above 20% in the first year and more than 40% by the end of third year. To achieve a profit margin growth of 15% in the next three years. To increase sales revenue by 30-40% each year after the end of the first year. To ensure the effectiveness of the technologies used so that the success of the business can be ensured. To create customer loyalty and strengthen the brand image constantly. The above identified objectives are effective for the company as these assist in developing timescale as well as ensure the utilization of suitable sources to attain these objectives (Huselid, Becker and Beatty, 2005). 2. General Theory Laissez Faire Theory: This theory depends upon the belief of a free and independent market. As per this theory, 'free market' must be at least considered as a sensible and coherent way of believing and talking about economic relations among people (Olsen, 1995). Moreover, this theory also states that the market is natural, which demonstrates actual supply and demand and also independent, in which it can function independently of the state. For instance, social and economic inequalities that remain after the introduction of the liberal state are viewed as natural and beyond the proper scope of state activity (Olsen, 1995). Business Economics Theories Sales Maximization Theory: In this theory, the firm attempts to maximize sales volume to a minimum profit constraint (George, Joll, and Lynk, 2005). William Baumol and other developed a sales maximization model, which states that the managers of the modern companies should focus on maximizing sales after the earning of a suitable rate of profit to satisfy shareholders (Mathew, 2010). The main assumptions of this theory include single period time horizon, aim of sales maximization, oligopolistic firms and profit constraints based on the current market situation. There are certain factors that promote this theory. These factors include salary of manager also more closely associated with sales revenue than profits, financing of firms are based on sales revenue, it also indicates the firm's performance, and increasing sales strengthen the firm's competitive position (Dwivedi, 2002). Theory of Firm: The theory of the firm is founded in neoclassical economics and it is a microeconomic concept, which states that firms including corporations and businesses have an existence and emphasize on profit maximization (Foss, 2000). Thus, it is clear that in the theory of the firm, a particular business firm's behaviour is aimed towards profit maximization. In addition, to maximize the business profits, this theory regulates decision-making process in different areas including allocation of resources, adjustment of prices, production techniques and produced quantity. Moreover, with the consumer theory, the theory of the firm continues. In contrast to the theory of the firm, theory of consumer attempts to maximize the overall utility or the perceived value. Theories of Profit: There are several theories of profit, which are beneficial to understand how many firms earn considerable economic profits or meaningful losses. One of the important theories is frictional profit theory (disequilibrium profit theory), which states that sometimes market are in disequilibrium due to the unexpected changes in cost and demand situations (Hirschey, 2008). Furthermore, unanticipated changes result in positive or negative economic profits for some firms. The another theory is monopoly profit theory, which is an extension of frictional profit theory. This theory states that above-normal profits are earned by some firms because they are protected from competition by high entry barriers including huge capital requirements, economies of scale, patents, customer loyalty, etc (Hirschey, 2008). In addition, innovation profit theory is also an effective theory of profit, which comes under compensatory profit theories. Theory of innovation profit describes above normal profits that come up after the successful invention and modernization (Hirschey, 2008). For example, on the basis of innovation profit theory, it can be discussed that Microsoft and Apple Corporation earned superior profits because they successfully introduced and marketed their products. In this, it is found that Microsoft successfully launched graphical user interface and Apple introduced its iPod line of video players and digital music (Hirschey, 2008). Moreover, there are also other important profit theories including wages theory, differential rent theory, and risk theory, which can be used to understand the term profit (Schumpeter, 2011). Overall, it can be stated that different theories of profit are effective to develop knowledge about how firms earn economic benefits or losses. 3. Profit-Maximizing Activity Level In order to identify the profit-maximizing activity level, MR = MC will be set and solved for Q. Thus, the calculations are as below: MR = MC $750 = $500 + $0.01Q 0.01Q = $250 Q = $250/0.01 Q = 25,000 Thus, Q = 25,000 is a profit maximizing activity level (as M2 /MQ2 0), because profits are decreasing for Q ? 25,000. Company's Optimal Profit In order to calculate optimal profit for the company, firstly, total revenue function for the firm is determined as below: TR = P * Q or $750Q Hence, total profit will be Profit = TR-TC = $750Q - $2,500,000 + $500Q + $0.005Q2 = 750(25000) - 2,500,000 - 500(25000) - $0.005(250002) = 18,750,000 - 2,500,000 - 12500000 - 3125000 = $625,000 Thus, it shows that the firm's optimal profit is $625,000. References Dwivedi, D. N. (2002) Microeconomics: Theory And Applications. Pearson Education Inc. Foss, N. J. (2000) The Theory of the Firm: Critical Perspectives on Business and Management, Volume 4. UK: Taylor Francis. George, K., Joll, C., and Lynk, E. L. (2005) Industrial Organization: Competition, Growth and Structural Change. UK: Routledge. Hamel, G and Prahalad, C. K. (2010) Strategic Intent. Great Britain: Harvard Business Press. Huselid, M. A., Becker, B. E and Beatty, R. W. (2005) The Workforce Scorecard: Managing Human Capital to Execute Strategy. Great Britain: Harvard Business Press. Hirschey, M. (2008) Fundamentals of Managerial Economics. USA: Cengage Learning. Mathew, E. (2010) Methodology Of Business Education. Pearson Education Inc. Olsen, F. (1995) Feminist Legal Theory, Volume 1. NYU Press. Schumpeter, J. A. (2011)The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Transaction Publishers.