Unit 4 Scenario Essay Example | Topics and Well Written Essays - 500 words

Unit 4 Scenario - Essay Example The duration of the lot starts from 6pm to midnight, say, 6 hours per day. Moreover, this parking lot will be guided by a staff member at a cost of $10 per hour. It means that the staff needs to be paid an amount of $60 per day, and $1800 per month. Other than this, an additional cost will be charged for the supplementary usage of parking lot. Therefore, in order to evaluate and adopt the most appropriate decision in respect of the parking and maintenance cost, it is necessary to analyze the marginal revenue and marginal costing technique. Under marginal costing, only variable costs are charged to cost units. â€Å"Comparable to any profit-maximizing firm, a perfectly competitive firm produces the quantity of output in the short run that generates the maximum difference between total revenue with total cost, which is economic profit. This profit maximizing level of production is also achieved by the equality between marginal revenue and marginal cost. At this production level, the firm cannot increase profit by changing the level of production. The analysis of marginal revenue and marginal cost can be achieved through a table of numbers or with marginal revenue and marginal cost curves† (Marginal Analysis, 2007). The solution is proposed by the bank was to charge a higher cost for parking lot. This is because, through higher charging for parking, it is possible to reduce the problem related with the parking to a certain degree. The main reason for the higher charge set by the bank is that to make it possible the availability of suitable parking facilities. Whenever the charge for parking increases, then the time spent for parking will automatically be reduced. Due to this, it is possible to make the parking lot conveniently at any time effectively. In addition to this, in order to overcome this specific problem, it is necessary to consider the concept of perfect competition and

Human Engineering Essay Example | Topics and Well Written Essays - 250 words

Human Engineering - Essay Example Such act is against the morals and ethics. Individuals who possess anomalies that are heritable are benefitted from such kind of genetic testing followed by selection of the baby. If the anomaly persists then the parents tend to terminate the pregnancy and opt for the better genetic make-up of the individual. In this genetic epoch where human engineering is being utilized for the betterment of the human race and to safeguard the future of the individuals. As eugenics is directed for the enhancement of the genetic composition of the population couples testing their fetuses for Down syndrome and abort fetus practice eugenics to certain extent as it is a step towards prevention of the hassles as well as elimination of the defective genetic makeup from the gene pool as well as it prevents social discrimination. Genetic testing aids in testing genetic anomalies encompassing Huntingtons, Cystic fibrosis, sickle cell anemia, Thalassemia, congenital malformations, deformations, chromosomal anomalies and also pre diabetics to a greater extent if it runs in the family. Although genetic test and screening does not provide any cure to the condition but affirms the carrier of the genetic anomalies leaving the decision on the parents to go or not to go for the child ("This House Would Allow Parents to Genetically Screen Foetuses For Heritable