Musical Rent Essay Example | Topics and Well Written Essays - 500 words

Musical Rent - Essay Example Most of these artists and musicians spent most of their time living in Lower East Side of New York City during the period of Bohemian Alphabet City. All this things were happening under the looming shadow of AIDS. This paper provides a review of musical rental, including an argument about its relevancy to the contemporary world. The musical rent describes the life of young adults who chose to live in Bohemian lifestyle. This appealing song has been performed under a series of stage designers, performers and directors (Larson & Ed 56). Despite of the numerous productions under different directors, the play has been appealing to the audience for a very long time. This play addresses several types of social issues such as sexual problems, alcohol and drugs among the young adults. The theme of the play is not presented in the form of a fiction but it is realistic, and the characters discuss the social issues in the play. Most of the young adults in the play have adapted the Bohemian life style, but they still thrive in poverty (Larson & Ed 56). Most audiences’ hearts are touched by the struggle and love stories of different young couples in the play. The School of Theater, Dance and Performance Studies, this year performed this play, and it was an remarkable job. The director of the play might have considered several factors about how the play will be performed.

Public Finance Assignment Example | Topics and Well Written Essays - 250 words

Public Finance - Assignment Example The point E shows the equilibrium point where P=Q. Subsequently, this is the point where the Marginal Revenue is equal to the Marginal Cost. This means that the value of the wine produced is virtually equal to the wine not produced hence an efficient output, Solow (1998). In the event where the wine industry is consolidated into a large monopoly firm, the unit price of wine will rise to $ 7 per bottle with 75000 bottles produced. Monopolists are price makers since they do not face any competition. Therefore, the monopoly is at will to increase the prices to $7, a $2 increase. With this effect, their demand curve is price inelastic. Therefore, monopolists try to maximize profits by setting output at the point where MR=MC, Telser (1987). Point X shows the price that is adjusted upwards by the monopoly. In this case, it is $ 7. Subsequently, point E represents the equilibrium where MR=MC with 75000 units produced. In this case, therefore, the output is not efficient since the price is greater than the Marginal Cost. This means that the utility obtained from wine consumption is greater than the utility forwent, Nikaidō (1975). Additionally, the shaded area in the graph represents the loss in the net benefits due to a subsequent reduction in production and utility, Triffin