The Influence of Ancient Greek Mythology on Modern Society...

Ancient Greek society fell over 2000 years ago but despite this, its mythology still continues to influence our western society. References to Greek mythology can be found all through time and in our western culture. The influence of Greek mythology can be found in our science, arts and literature and our language. When Ancient Greece fell to the Roman Empire, Rome adapted its mythologies which still influence us today as they have through history. That is not to say that Greek mythology wasn’t influenced itself – Greek mythology has links with the bible and the early Mycenaean’s. It has also been recognised as one of the earliest forms of paganism. References to Greek mythology can be found all through time and in our Western culture.†¦show more content†¦They were named for ******, Poseidon and Hades the king of the underworld. Asides from the planets, many of the moons orbiting the planets, especially Jupiter (Zeus) have been named according to Greek mythology. Pluto’s moon Charon was named after the boat keeper of the underworld, continuing the link between ancient Greek mythology and western society. The influence of Greek mythology does not stop here, it continues into the stars and galaxies – many of which are named after characters in Greek mythology and this is how Greek mythology has continually influenced western society over time. However, Greek mythologies role in western society is not limited to our science, as it has also played a huge part in developing the English language and phrases that we use. There are two ways in which Greek mythology has affected the English language and that is in words that reference Greek mythology and through phrases that represent the actions of characters in Greek mythology. Words such as an aphrodisiac - something that arouses or intensifies sexual desire, stems from the Aphrodite, the Greek goddess of love. Also linked with Aphrodite is Venereal disease (another word for STI). This stems from the Roman term Venus which is the equivalent Aphrodite. Also, the drug morphine – its name comes from the Greek god of sleep, Morpheus. Its words such as these that create the link between Greek mythology and western society. These are clear examples of how GreekShow MoreRelatedAncient Greek Influences Essay886 Words   |  4 Pageslong considered Ancient Greece to be one of the most influential societies on modern day life. Ancient Greece has inspired the modern world in five main areas: theatre, government, philosophy, art, and architecture. Theatre flourished in Greece, particularly in Athens, between c. 550 BC and c. 220 BC. During its beginnings theatrical performances were part of Dionysia, a festival held in honour of the god Dionysus. 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Contemporary Issues of Management Accounting free essay sample

This allows the opportunity for them to hone their skills and abilities at a constant rate while offering numerous benefits to the company. These benefits manifest themselves in employee loyalty, low turnover costs and fulfilment of company goals. Figure 6: JIT Model * Some Key Elements of JIT: 1. Stabilize and level the MPS with uniform plant loading (heijunka in Japanese): create a uniform load on all work centers through constant daily production and mixed model assembly (produce roughly the same mix of products each day, using a repeating sequence if several products are produced on the same line).Meet demand fluctuations through enditem inventory rather than through fluctuations in production level. Use of a stable production schedule also permits the use of backflushing to manage inventory: an end item’s bill of materials is periodically exploded to calculate the usage quantities of the various components that were used to make the item, eliminating the need to collect detailed usage information on the shop floor. We will write a custom essay sample on Contemporary Issues of Management Accounting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2.Reduce or eliminate setup times: aim for single digit setup times (less than 10 minutes) or onetouch setup this can be done through better planning, process redesign, and product redesign. 3. Reduce lot sizes (manufacturing and purchase): reducing setup times allows economical production of smaller lots; close cooperation with suppliers is necessary to achieve reductions in order lot sizes for purchased items, since this will require more frequent deliveries. 4.Reduce lead times (production and delivery): production lead times can be reduced by moving work stations closer together, applying group technology and cellular manufacturing concepts, reducing queue length (reducing the number of jobs waiting to be processed at a given machine), and improving the coordination and cooperation between successive processes; delivery lead times can be reduced through close cooperation with suppliers, possibly by inducing suppliers to locate closer to the factory.

Too much punch for Judy Essay Example

Too much punch for Judy Paper The play is about two girls from Essex that like to go out drinking and to clubs. Then they meet two men named Bob and Nob, they are of the box characters, and are up for anything. Then they are all drunk and Jo and Judy decide to go home, and not sure who should drive, and their giving their reasons on who should drive, then they reach a decision on who should drive and Judy gets the keys from her younger sister. They get in the car and drive past two policemen Pc Carter and PC Abraham. They then crash a short while after, and a young man Duncan gets out and runs across to the crash scene to see if he can help, he decides to ring the police and put some shoes on. The police get on the radio and start to make their way to the crash scene. Meanwhile Duncan gets Judy out from the car and she starts to make signs of recovery. At this point the police car comes round the corner and PC Abraham runs over to Jo who is dead and Pc carter checks for a pulse. PC Abraham then takes off his jacket to cover her, then goes to get a fire extinguisher. We will write a custom essay sample on Too much punch for Judy specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Too much punch for Judy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Too much punch for Judy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer He then comes back on with two people who carry Jo off. The two policemen go to Vics house that is Jo and Judys mum, no one answered, so they came away. Later that day PC Carter gets hold of Vi at her house, and speaks to her about her daughter At this time Nurse Davis is speaking to Judy about her health and her sister, PC Carter takes Vi (Judys mother) to go to see her in hospital; they speak to each other about what happened and are they ok? Judy does a soliloquy to back before the accident (flashback) and everythings the same, but this time instead of talking, about whose going to drive, Judy tells Jo to ring for a cab, So this way the crash was prevented. Characters Lucy portrayed the character of Judy who is in her early twenties, I think Lucy could relate to this character well, because she is 18 and can do all these different things that Judy can do. So I think it was more reality for her, she played the part of Judy really well, she was able to get emotional at points in the play, and she had to tell the story like a narrator. There were a few parts that did not go too well, this was because of technical difficulty, like the timing of music, which was not her fault. But the timing with her speaking on her own, and with Carly was spot on and you could not fault it. Carly portrayed the character, so who was Judys younger sister, Carly acted so naive, and was looking up to Judy, Just like a younger sister would. The timing between Curly and Lucy was really good and effective. Curly also showed that they were not just sisters but were best friends, As well. When Carly done a scene where she dies before the crash, she shouts a line Judy slow down a bit. I think that this line was really effective and will stay in the audience minds. Charlotte portrayed the character of Vi, who is Judys and Jos mother, Charlotte showed real emotion and more people in the audience cry, where she speaks to Judy for the first time, since the crash. It seemed to be real, and she took on the role of the mother who was caring and strong, but still needed help and wanted this accidence to put her and her daughter Judy closer together. Bradley took on the role of Bob who is about 18 and he has no responsibilities. He just wanted to go out and go wild. Bradley rook on this role really well, because he is good at speaking to people and in the play has got to chat some one up. That made it really funny. Also he had to lead the lines between him and Matt, which is more responsibility. His acting techniques like timing, tableauxs and projection was good and everyone in the audience could see what he was doing clearly the whole time. Matt portrayed the character of nob. He is basically the same as bob but more, if he has not got bob, He will feel hes got nothing. He is bobs sidekick, Matt played this character well, because eh was replaces and enjoyed being Nob, this helped because it gave it some energy which finished off on Bradley. The only thing that could need an improvement is his articulating with his words top makes it a bit clearer. Lauren played Duncan, but we changed it to be a female part instead. Lauren is only really in one section, but she does most of the speaking in this part. Lauren tells the story and she says that she did not want to involved, and you could see this from her face and body language. But she did not want to be there. Also most of there lines were spoken to the audience, and she was telling it like she was there, and not telling it like she was telling how it was. Emma portrayed the character of Nurse Davis. Emmas showed that she could be caring and was only interest in her patients. She also showed from her character that she thought she knew that should be done and that she was using delaying tactics, to stop Judy from worrying. Emmas voice was warm and affectionate, just like a Nurses voice should be. Elliot portrayed the character of the Pc Cater, he weans a local police constable and a friend of Judys family, Elliot was good at body language, with the way he walked, and acted responsible. Elliots timing was also very good and showed affection towards the family of Judy. You could tell that in his voice, that he cared for the family, and was a friend in the way he spoke to them. Ben portrayed the characters of Pc Abraham and Pete, Pete is the man what had a baby with Judy and were married at seventeen. All I had to do for this character was walk normal towards Judy with a baby, give the baby to Judy, look at her and walk back off. which was really simple. PC Abraham I had to change by body language, and walk slowly with my hands behind my back, and speak a bit slower. This w3as to give the audience the impact of it being serious, Most of my lines were spoken to the audience, as a whole, I had to show as my character that I understand what was going on, and to tell the audience sort of in bullet points what happened, and Why you should drink and drive. Movement There was one movement piece, I like and will remember best, and it was Jo and Judy at the start, they are talking about getting ready to go out, and they act to the words, that are being said, and together, and it looked like a mirror image, because the timing was really good. This made the scene even better, Miss Kitsou made Carly stand on one side and Lucy the other for a part of it, and if I were in the audience, I would not know which way to look. And this will add the effect of the rush to get ready. Space We used most of the space that was provided, but the whole point of the play was to be simple but effective, we used a lot of the space in the crash scene, this is because of different characters walking off, each side and walking from side to side. |In this scene we cover a lot of the space because of all the congestion. Nut it was controlled congestion. We made it look like we need the space, we used, and not just used if for the sake of it. Body Language. The body language from all the characters was good, but one character showed more of it, and I felt it was Elliot, This was because eh he showed that he had some authority and that he is calm and focussed, as the character, also when he was caring when Jusy is in the wheelchair, he showed that he was comforting her. This stood out for me, because of the authority he showed during the play. Facial Expressions I could see that every expression on their characters faces, looked real. Judy showed that they were having a laugh and are relaxed by smiling and raising her eyebrows, this made it really clearly. Charlotte showed when she was shocked and you could see that she did not understand and was shocked at what was being said. Everyone showed how their characters should of reacted with their facial expressions. Conclusion In conclusion to this, theres always something to learn, and I think this one is, if you take a big risk you are more likely to come out much, much worse. The play as a whole went well, but at the very end where we say the facts, a few people stumbled at their lines, I think this was because they had switched off, and thought it was over before it was.

Why Do Projects Fail

Why Do Projects Fail A Computer-assisted dispatch system (LASCAD) was implemented by the London Ambulance Service in October 1992 (Beynon-davies 1995, p.171). This was a major software project that was supposed to substitute the manual system (Fitzgerald Russo 2005, p.248).Advertising We will write a custom report sample on Why Do Projects Fail? specifically for you for only $16.05 $11/page Learn More The LASCAD system started experiencing problems only nine days after it was launched. Erroneous vehicle information was recorded by the system due to the wrong key that was pressed by a crew member (McGrath 2002, p.254). Hence, vehicles were incorrectly allocated leading to long delays. The LASCAD system soon came into a standstill because of the large and spiraling calls made by patients in order to receive help. Several calls were captured by the system within a very short time. The delay caused a massive death of patients. Eventually, the chief executive officer of LASCAD was c ompelled to resign. A new LASCAD system was put in place after four years. From the case study, it is evident that the initial management of the VCF, LASCAD and the baggage-handling project were not realistic at all. In addition, the software project failed due to lack of prior testing of LASCAD’s emergency backup system. Worse still, the LASCAD’s operators lacked adequate training before the system went live (Chua 2009, p.33). In yet another project failure, a large IT software platform known as MANDATA was set up by the Australian Public Service Board in 1970 (Chua 2009, p.33). The IT project was supposed to automate personnel administration. However, the software project failed and did not meet the set objectives. The brainchild of the project retired shortly after the feasibility of the study was accomplished (Hamill Goseva-Popstojanova 2009, p.488). One of the reasons for failure was the funding restriction. Lack of adequate funding to install all the pertinent s oftware and maintenance of the facility was a core challenge. There was also limited support from the MANDATA users. In addition, lack of full engagement among the Rural Inclusion Support Program (RISP) workers was also noted as a major source of failure (Hamill Goseva-Popstojanova 2009, p.487). Lack of frequent interaction among the stakeholders of CONFIRM. The complexity of the project in the course of its operation hampered the smooth monitoring of all the pertinent activities. For example, the strategies used to implement changes at MANDATA were quite ineffective and complicated. These were some of the failure reasons for the large software project that was supposed to ease down operations at both the locak and national level.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Beynon-davies, P 1995, Information systems failure: the case of the London Ambulance Servic es Computer Aided Despatch project, European Journal of Information Systems, vol. 4, no. 3, pp. 171-184. Chua, A.Y.K. 2009, Exhuming It Projects From Their Graves: An Analysis Of Eight Failure Cases And Their Risk Factors, The Journal of Computer Information Systems, vol. 49, no. 3, pp. 31-39. Fitzgerald, G., Russo, N L 2005, â€Å"The turnaround of the London ambulance service computer-aided despatch system (LASCAD)†. European Journal of Information Systems, vol. 14 no. 3, pp. 244-257. Hamill, M. Goseva-Popstojanova, K. 2009, Common Trends in Software Fault and Failure Data, IEEE Transactions on Software Engineering, vol. 35, no. 4, pp. 484-496. McGrath, K. 2002, The Golden Circle: A way of arguing and acting about technology in the London Ambulance Service, European Journal of Information Systems, vol. 11, no. 4, pp. 251-266.

Australian Surging Housing Prices

The surging housing prices in Australia is spearheaded by the acceleration in the Sydney Australian, the largest as well as the most expensive market. As reflected in the most recent Home Value Index by CoreLogic RP Data, the capital city has its housing prices surging by 1.6 percent in May. This shot in housing prices left the rise over the first five months of the year at five percent (Draper 2000). The medium dwelling price in Australia across the nation pegs at $580,000. The trend has shown no slowdown but has rather bucked the anticipation from the various parties early in the year that prices of houses were due to deteriorating. The surging price is a clear manifestation of the high rise construction booms beginning to influence the values of the apartments (Karantonis and Janet Ge 2007). A greater proportion of the price surging evolved from free prices that lurched 1.8 percent thereby overwhelming a smaller 0.1 percent rise in units. The strong 3.1 percent growth in Sydney that accounted for the gains witnessed in May that took median dwelling price to $782,000. The past quarter saw the prices in Sydney jumping by a record 6.6 percent leaving the gain over the previous year at 13.1 percent. The prices of housing outside Sydney in all capital except Perth recorded gains of between 0.1- and 2.5 percent (Duca, Muellbauer and Murphy 2010). Despite being far below the pace witnessed in Sydney over the same period, there was a thirteen percent price surging by May 2015, and this was the fasted annual pace across Australia. The price leaped by 0.1 percent in Brisbane while it shot 0.7 percent in Darwin. In Canberra and Hobart, the surging were 2.2 percent and 2.5 percent in that order. Perth which is the most exposed capital to the mining sector fortunes and it went on record as the single capital to have recorded a decrease in the prices of the housing of 2.7 percent. Since May 2012, Australian Housing prices have increased by 36.6 percent with Sydney recording a surging of 57.5%, the steepest rise over the period (Rahman 2008). The record in Sydney showed that it outpaced gains of 18.5% and 39.4% for Brisbane and Melbourne respectively that took third and second spots.  Ã‚   From the above table, the monthly, annual, as well as quarterly changes in the prices of house crossways Australia's capital besides the current median value per city, have been revealed. It has been suggested by Lawless, the leader of research at CoreLogic that a rise in investor operations ahead of the federal election probably accounted or hastening in property prices in Sydney in May. It has been noted that the degree to which the investors fuel the recent outpouring in Sydney home value is challenging to quantify (Rahman 2008). Nevertheless, the data from housing finance to March demonstrated that investors have been trending upward since hitting the latest trough in November 2015 at 42.9 percent as a proportion of the whole new mortgage mitments. Data drawn from March indicates that investors currently entail 47.6 percent of the whole new mortgage obligations that is the highest proportional reading since August 2015 (Rahman 2008).  Ã‚  Ã‚  Ã‚   Other factors that have led to surging prices include short-term factors (interest rates, investment demand, and economic climate) institutional factors (financial deregulation as well as innovation, land supply as well as land-use planning system and government taxes, levies as well as charges). Long term factors include demography, wealth effects and economic growth. The Australian government can embrace various macroeconomic factors to guarantee housing affordability to the young generation. It has been shown that government taxes, charges, and levies account for the surges in housing prices (Rahman 2008). The government imposes taxes, levies a well as charges at all levels in Australia on the urban land development and development. Investors, therefore, face such costs as developer levies, stamp duty on both transfer and sale of land as well as land tax alongside GST on new house construction as well as renovation of the existing houses. The government can subsidize the housing sectors through reduction of these costs to ensure that developers do pass these burden to the eventual housing prices. This will reduce the ‘total indirect task take’ which is noted to be above $124,000 in Sydney and over $88,000 in Melbourne. Without this, this cost will add up to a remarkable ponent of prices of house and hence the lack of affordability of the housing for the young generation (Rahman 2008). Both land prices and affordability correlate with the price of land that is determined by the developed urban land supply. The supply of residential land is influenced by the cost of development, the land development industry structure, and rules as well as the effectiveness of the land-use planning system (Ge and Williams 2015). The government has the power to control land uses which impact on both availability of developed land as well as the related cost of such lands. Since it takes quite some time to bring the underdeveloped land into mercial use besides the lags cost by government regulation on land use which decreases the short-term responsiveness of land supply to immediate land demand pressure, there is a need for the government to waive or reduce the lag (Draper 2000). Reducing this land would mean that the inelastic short-term price of supply is eliminated. Accordingly, since it the short-term price inelasticity of supply is an accelerator of price surging, its removal wil l result in affordable housing prices for the young generation (Oster and Miller 2005).    The government can also respond to increase in housing prices through interest manipulations. This is because for a given level of price, the rates of interest means reduced mortgages repayments. With a reduction in repayment, developers have increased the opportunity of borrowing at any repayment to- i e ratio. The effect of this would be a rise in the demand, and hence housing prices increase ceteris paribus. Conversely, a surged rate of interest will ease the demand (Bourassa, Hendershott and Murphy 2001). The effect would be either stagnating prices, a moderate rise in price or declining prices depending on the aggregated influence of other factors. The government should control the prices of the housing by ensuring a high but stable interest rate so as to eliminate the influence that nominal mortgage rate of interest has on real house price surging both in the short- and long-term. This action will try to weaken the lasting effect that lower rates of interest have had on prices rise in the previous years that are still being felt to date through hiked housing price in the country (Bourassa and Hendershott 2005). The government can also make sure that housing is affordable by controlling the wealth effect. Every society perceives housing as a central store of wealth. It is acknowledged that gross housing assets account for over 50% of the total personal wealth in Australia. Owner occupier, as well as landlord-investors, have a feeling of wealth when the prices of the existing houses are hiking (wealth effect) resulting in a rise in consumption spending (Bewley, Dvornak and Livera 2004). Accordingly, the aggregate demand and hence economic growth results in support of the increasing prices of the house via a self-reinforcing cycle. The current surging in prices have resulted from this and hence the government must not allow this to continue into the future. The government should curb the wealth effect by ensuring that prices of the existing housing do not shoot (Badcock 2009). The government needs to make sure that cases of decreased supply of affordable private rental housing, dwindling suppl y of social housing as well as prolonged time consumed to release new land are eliminated since all these are an essential recipe for lurching house prices in Australia. The stamp duty concession, grant and cash assistance to the occupants by Federal Government First Home Owners are only but costly failures as they have perpetuated increase in expensive houses (Badcock 2004). These policies have failed as they only work on the ‘demand side’ of the housing market with no precise and significant rise in the supply of affordable housing. The government must focus on affordability policies that tend to increase housing supply especially low-cost housing. Reduction of the duration taken to bring land and housing to market must receive particular attention henceforth. The desirable land supply a panied by proper transport facilities and infrastructure alongside the affordable rental housing supply has to be enhanced. The government must give support to the marginal purchasers via appropriate assistance to dwell in their homes (Ahearne et al. 2005). The government needs to develop a national affordable housing strategy that will be helpful in the reduction of housing stress alongside housing crises in Australia.   Ahearne, A.G., Ammer, J., Doyle, B.M., Kole, L.S. and Martin, R.F., 2005. House prices and monetary policy: A cross-country study. International finance discussion papers, 841. Badcock, B., 2004. ‘Snakes or Ladders?’: The Housing Market and Wealth Distribution in Australia. International Journal of Urban and Regional Research, 18(4), pp.609-627. Badcock, B., 2009. An Australian view of the rent gap hypothesis. Annals of the Association of American Geographers, 79(1), pp.125-145. Bewley, R., Dvornak, N. and Livera, V., 2004. House price spirals: Where the buck starts. mSec, monwealth Bank, Sydney. Bourassa, S.C. and Hendershott, P.H., 2005. Australian capital city real house prices, 1979–1993. Australian Economic Review, 28(3), pp.16-26. Bourassa, S.C., Hendershott, P.H. and Murphy, J., 2001. Further evidence on the existence of housing market bubbles. Journal of Property Research, 18(1), pp.1-19. Draper, D.A.G., 2000. Rent control and the efficiency of the housing market. Duca, J.V., Muellbauer, J. and Murphy, A., 2010. Housing markets and the financial crisis of 2007–2009: lessons for the future. Journal of Financial Stability, 6(4), pp.203-217. Ge, X.J. and Williams, B., 2015. House Price Determinants in Sydney (No. eres2015-230). European Real Estate Society (ERES). Karantonis, A. and Janet Ge, X., 2007. An empirical study of the determinants of Sydney’s dwelling price. Pacific Rim Property Research Journal, 13(4), pp.493-509. Oster, A. and Miller, P.W., 2005. House Prices-Drivers and Links to the Broader Economy: Rational or Irrational Exuberance. [Department of] Economics, University of Western Australia. Rahman, M.M., 2008. Australian housing market: causes and effects of rising price. In Proceedings of the 37th Australian Conference of Economists (ACE 2008). Economic Society of Australia (Queensland).  

Maryland Department of Public Safety and Correctional Services Assignment

Maryland Department of Public Safety and Correctional Services - Assignment Example The body is also responsible for upholding the activities of ‘Maryland’s Criminal Justice Information Repository’, ‘Criminal Injuries Compensation Board’ and the ‘Maryland Police and Correctional Training Commissions’ along with many other criminal related functions. The human resources play a considerable role in the operational procedure of this agency as well. The main mission of the body is to protect the public, its employees and control offenders under its supervision. The main vision of the legal body is to establish itself as the most recognized body in the nation which believes that their employees are the biggest strength and can stop any form of illegal activities. The leadership quality of DPSCS is well known all over the state for maintaining a strict form of leadership quality which helps in maintaining law and order in the country. Within the periphery of DPSCS, The Maryland Public Safety Education and Training Center (MPSE TC) is located in Sykesville in Maryland. It functions beneath the Maryland Police and Correctional Training Commissions which is a division of DPSCS (Maryland Department of Public Safety and Correctional Services, n.d.). ... It is a general overview of the operational and the basic safety measure of firearms, as applicable for the purchase, rental or transfer of regulated firearms. It does not allow students to pursue this training course as the law does not permit it. The institute includes staff office, class room for training the applicant, an armory for storing the firearms used during the training, weapon cleaning areas with solvent storage and a computerized shooting stimulation station. Though the institute provides no indoor range for practice however the FTF building consists of 4 pistols and one riffle range all with self-contained bullet traps (Maryland Department of Public Safety and Correctional Services, n.d.). Drivers Training Facility (DTF): Another facility provided by the DPSCS is the facility of training drivers. The facility mainly deals in training new drivers the different rules and regulations which should be considered while driving. The institute is co-located and approximately 2 miles from the academic related institute of the agency. The institute consists of training vehicles, classrooms, fuel, automobile supplies and a DTF repair garage. The enrollment procedure for drivers training can be done online in the official website of DPSCS (Maryland Department of Public Safety and Correctional Services, n.d.). Academic and Administrative Complex (AAC): Academic and Administrative complex controls all the administrative and most academic and training centers in this complex. The Public Safety Education and Training Center is located in the ground of Maryland Springfield State Hospital. The main aim of this department is to improve local infrastructure along with reducing the expenditure by establishing legal bodies such as Police

Equilibrium Essay Example | Topics and Well Written Essays - 250 words

Equilibrium - Essay Example r cover all its costs; it may only need to cover the total variable costs incurred thus the rising cost of milking equipment will not have any effect on the firms in the industry in the short run. Consequently, with marginal revenue being equal to marginal cost, super-normal profits will be realized. In the long run, due to freedom of entry and exit from the industry, the surplus profits inform of the supernormal profits realized by the firms in the industry will attract new firms into the industry thus increasing the supply of the product (Chiappori and Ekeland 2006). Increase in supply results to fall prices as explained by the law of supply. The fall in prices results to the individual firms facing a falling perfectly elastic demand curve consequently resulting to a reduction of the surplus profits. This will continue to the point where the firms will no longer be making surplus profits, realized when the firm is just covering its production costs as a result of the increase in the cost of milking equipments. During this time, no more firms will be attracted to the industry when the price is equal to the average cost while the demand curve is a tangent to the average cost curve at the minimum point, a point when the firm is making normal