Topic 14, Experiences Today

 Today, we made our own company, producing our own products with a manager as an overseer, an accountant counting all the stuff we created and of course, a quality control agent. I thought it demonstrated a very good job of the average cost curves and the marginal cost curves. As it shows that the jump between zero workers to one worker, or one worker to two worker is very great, as the capital is spread out through the workers evenly, and the workers are able to conduct the most efficient jobs out of the company. However, as more and more people begin to come in, as the assembly line begins to have higher demands in certain areas such as the stapling of our product, it puts pressure on people who are in charge of jobs with slightly more difficulty and needs slightly more time on such as the cutting of the paper itself. We then resorted in using many pieces of paper at once, which then turned out to be a disaster and everything became crooked and unusable because our quality control agent rejected all of them. I believe that the efficiency of the company is determined through the leader, once Jimmy started doing a better job in telling people what to do and what not to do, the company started to actually roll on, and producing more and more useful products. In the beginning  people were doing random jobs and the capital was all spread out which did not yield the maximum utility for the company, however towards the end, it became better and we begin to produce alot more products than the beginning.

Topic 13: The Return of the Zeppelin‏

  The return of the Zeppelin is caused by the change of tastes, income and possibly the amount of buyers. As the airship technology decreases, fewer and fewer suppliers are located within the country. People began to seek new ways of travel, new interesting, fascinating ways of traveling up high in the air but low enough to enjoy the view. Technologies have helped the return of Zeppelins, as the balloon is now filled with helium instead of hydrogen, less dangerous in many aspects in which secures the consumer's fear of the Hidenburg Accident occurring once more. The technology advancement has led to the success and prosperity of the newly released Zeppelin.  The type of market structure for the Zeppelin right now is probably a oligopoly world wide, but a monopoly in the United States market. It owns the only Zeppelin in the country therefore people all around the country would have to select their company unless they are willing to spend more money on going abroad and taking the airship. The companies for airships before, as in the 1940s, they probably was in an oligopoly market structure as everyone competed with each other when the airshiplines were popular. Change in all the things of tastes, income and amount of buyers can all make this market very successful  As people get tired of ordinary airliner, they would select a new, different way of travel, same as when their income rises, they would spend more money on activities they have never done before rather than continuing those that they have done already. At last, as the amount of buyers increase due to the first two determinants, the market will allow the company to expand and prosper in a country like the United States. I believe airship traveling is still dangerous, to be honest people may think that it could become those ordinary methods of travel, however i do not see it becoming ubiquitous as the amount of space it takes up is immense and the slow pacing of the ship can be the disadvantage of the airship travels. I would never take an airship, as it just seems absolutely dangerous to even be on.