...electricity. Due to the fact that graphite is a prime conductor of electricity it is used to make electrodes. Graphite is a prime conductor of electricity as the structure and the movements of electrons have the ability to move from one end of the sheet to the other. The moving of the electrons can transfer heat across the molecule. ii) A powder that can be used to polish gemstones. Diamond powder can be used to polish gemstones. This is because diamond has an extremely strong structural formation, where the atoms are arranged in a manner when they have the inability to maneuver. With the strong atom arrangement of this allotrope it allows diamond to be an ideal tool to scrape away dirt particles of gemstones, leaving the remaining surface smooth and with the absence of any rough areas....
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...DIAMOND-WATER PARADOX: The apparently conflicting and perplexing observation that water, which is more useful than diamonds, has a lower price than diamonds. This paradox was proposed by economists in the 1800s as a means understanding the role utility plays in the demand price of a good by differentiating between total utility and marginal utility. The diamond-water paradox poses the perplexing observations: Even though water is obviously important to human activity (life cannot exist without water), the price of water is relatively low. Alternatively, diamonds are clearly much less important to human existence, but the price of diamonds is substantially higher. In other words, the utility obtained from water is obviously very great, while the utility obtained from diamonds is substantially less. The key question that arises is: Why are diamonds so much more expensive than water? Total and Marginal Insight into, and clarification of, the diamond-water paradox results by differentiating between total utility and marginal utility. Total Utility: This is the overall satisfaction of wants and needs obtained from consuming a good. That is, total utility is the accumulated amount of satisfaction, or the total value, generated by several units of a good. Marginal Utility: This is the extra satisfaction of wants and needs obtained from consuming one additional unit of good. That is, marginal utility is the incremental satisfaction generated by, and the value of, a single...
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...products. However in 1997, Mr. Lim noticed water filtration system was yet detected by others. This water filtration system is capable of filtering normal water to water like natural water by embracing concept “wisdom of nature” whereby this water filtration system, DIAMOND, become a turning point and road to success for NEP. Mr. Lim found out that natural water is good for health and unforeseen benefits to human lifestyle by science and market research which this confirmed his belief of “No water is better than natural water”. DIAMOND Mr. Lim has given up all his existing business and started over again to push DIAMOND as the best water filtration system. He secured the ownership of the water filtration system first and labeled the brand as DIAMOND. There are 6 success beliefs that DIAMOND hold onto: Believe in dreams, Do things differently, Be the best, Inspire our customers, Be focus, Be grateful. Their corporate missions and visions are: Missions | Visions | Create a better life for our customers | To become a successful world class corporation | Assist space our team members to have a happy life, nurturing the team members to be productive | To become among the Top 3 most successful water system corporation in the world | Aspire to contribute as a corporate citizen to a healthy lifestyle, charity and education for our society and the world | To become a world class corporation that is able to flourish for the failure | DIAMOND has penetrated to 4 other countries...
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...Diamond T Ranch is a ranch located around Potter Creek in Bannock County, Idaho. The manager being J. Phillip Adams. Like most farms, Diamond T Ranch mostly deals with farming and ranching actions. Now, it was in 2001 when Adams wanted to fix a road that was crossing over Potter Creek. The reason why is because Diamond T Ranch had two fields with the creek cutting it in half. So, with the improvements on the road they could transfer equipment between both fields. The project ended up being called “Potter Creek Project”. Now, news of this project got out. The United States Army Corps of Engineers found out by Idaho Department of Water. The problem was that there was a potential Clean Water Act violation. There had been no permit given to Diamond T Ranch or Adams regarding this project, which was underway. So, Idaho Department of Water gave Adams a Notice of Violation and fee because of not having a permit. The permit dealt with the Stream Channel Protection Act, Idaho Code Ann. §§ 42-3801 to -3812. After Diamond T Ranch received the Notice of Violation, they decided to send in a “Joint Application for Permits. This would allow them to finish the stream changes that...
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...be supported by the Diamond-water Paradox explained by the economist Adam Smith. It can be further supported by the Law of Diminishing Marginal Utility. As well, if you already have multiple units of a good or service, each will have its own value and desired end. All of this information will come from the simply perfect book Foundations of Economics a Christian View by Shawn Ritenour, by far the best investment I have ever made. Every decision we make we weigh all of our options and choose the highest desired end without even realizing we do it, this can be explained by human action and marginal utility. In 1776 the economist Adam Smith wrote a famous book called The Wealth of Nations, in this book he talked about this Diamond-water Paradox thing. You’re probably wondering what this thing is, or how it could possibly have to do with marginal utility. Well luckily for you I’m here to explain it to you. Let’s first start by defining paradox, Merriam-Webster defines a paradox as a statement that seems to say two opposite things but that may be true. Also we all know what water is and what diamonds are, so we can move past that. Smith states that water is much more useful than diamonds, but diamonds are much more valuable than water. Why is this? You would think that something such as water that is more useful and needed to live would be the more valuable than diamond but it is not. As stated in Dr. Ritenour‘s book, you can very easily get a cup of tap water for free but it is basically...
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...1) For a maximizing individual, he will not pay more than he is willing to pay for a good. Hence, his marginal valuation of a good determines the maximum amount of other goods that he is willing to pay in order to obtain an additional unit of the good. As long as his marginal valuation is higher than the actual amount paid, he will continue to buy the good concerned. At the margin, he will pay the maximum of what he is willing to pay, otherwise his behavior would be inconsistent with maximization. Hence, what he pays at the margin his marginal valuation. When allocating one’s scarce resources, one has to incur cost whatever his decision will be. As cost is defined as the ‘highest-valued option forgone, whenever there is an option, there will be cost. However, since one’s resources can only be allocated to one use at one time, though there may be many options available, the cost of one’s activity is not equal to the sum of the options forgone. Hence, in deciding the cost of one’s action, only the highest-valued option forgone is considered as the cost of one’s action. This is because only this option is relevant in one’s decision making. Anything less than this highest sacrifice is irrelevant for decision making as even one does not choose the prevailing option, he will not choose an option which is not the highest-valued one. 2) Cost is the defined as the highest-valued option forgone for an action. Cost exists whenever options exist for an action. As there are many...
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...is, economists are so used to marginal thinking that they have a hard time explaining it to someone who's never heard of it before. And so what I do is jump quickly into some examples. The Water-Diamond Paradox The most famous application of marginalism is the solution to the so-called water-diamond paradox, which seemed to stump Adam Smith in his Wealth of Nations.[1] The problem is this: Why do diamonds have a higher exchange value than water, when diamonds are a mere frippery while water is essential to life? Shouldn't people be willing to offer more in exchange for a unit of water than for a unit of diamonds? The solution, of course, is that no individual is ever in the position of choosing between all of the diamonds in the world and all of the water in the world. A given choice is made on the margin. If offered a choice between a cup of water and a handful of diamonds, most people would pick the latter because the marginal utility of those particular diamonds is higher than the marginal utility of that particular cup of water. Some economists would describe this situation by saying that diamonds are scarcer than water, because the demand for diamonds relative to their supply is so much higher. Yes, water is more important for human welfare than diamonds, but there is so much water to go around that even if...
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...THE ASPRE Y WATCH CATALOGUE BRITISH LUXURY GOODS SINCE 1781 Asprey represents style, refinement and quality – British classicism expressed with a modern spirit. Founded in 1781, Asprey is still today the ultimate authentic British Luxury Lifestyle House. 2 Asprey is renowned for fine jewellery, watches and clocks, leather goods, silver, china, crystal, ready to wear, accessories and fragrance. THE ASPRE Y WATCH COLLECTIONS The Asprey watch collections, for men and for women, perfectly capture the Asprey spirit of craftsmanship married with design, of classic sensibilities expressed with a modern flair. Whether inspired by British instruments for travel and exploration or original designs from the Asprey archive, each Swiss watch is made with exquisitely produced movements and materials of the finest quality. The intrinsic elegance of the exclusive collections, from the No. 8 range to ladies jewelled watches, is complimented by superb functionality. Even in the simplest detail – the use of sapphire anti-reflective glass or luminova numerals – practicality and beauty are delicately balanced. This is the unmistakable Asprey signature. THE N O . 8 WATCH COLLECTION The collection takes its name and inspiration from the historic Asprey 8 day travel clock, famous for its 8 day winding system and power reserve. Made with the finest Swiss technology, the No. 8 collection features watches from the 8 Day Limited Edition to the Chronograph. The Asprey heritage is gracefully...
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...1. A DISTINCTION BETWEEN THEORY AND LAW This is a common question, and a common misconception. Unfortunately, most people are taught a hierarchy of certainty: hypothesis becomes theory and then, with more support, a theory becomes law. This notion is wrong. Laws and theories serve different purposes and each have a unique nature. The current consensus among philosophers of science seems to be this: Theories are explanations of observations (or of laws). The fact that we have a pretty good understanding of how stars explode doesn't necessarily mean we could predict the next supernova; we have a theory but not a law. Laws are generalizations about what has happened, from which we can generalize about what we expect to happen. Laws describe. They pertain to observational data. The ability of the ancients to predict eclipses had nothing to do with whether they knew just how they happened; they had a law but not a theory. William McComus lists gravity as a modern example of a well-established law for which no really satisfying theory is available. We can use the Law of Gravity, and even correct it for the effects of relativity (General Relativity), but we don't have any consensus notion of how it functions. 1b. WHY IS THE LAW OF DEMAND AND SUPPLY CALLED LAW? The common sense principle or law that defines the generally observed relationship between demand, supply, and prices: as demand increases the price goes up, which attracts new suppliers who increase the supply bringing...
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... De Beers Introduction For generations, diamonds have been marketed as tokens of power and love. For some however, diamonds have a more utilitarian appeal. Easily concealed, immensely valuable and largely untraceable, stones from rebel-held mines have raised billions of dollars on world markets to finance revolution in Angola, Sierra Leone and the Democratic Republic of Congo (DRC). For years these "conflict diamonds" have encourage rebel leaders to arm and equip their armies in violation of UN weapons and financial sanctions. Diamond monopoly De Beers is notable for its monopolistic practices throughout the 20th century, whereby it used its dominant position to control the international diamond market. The company used several techniques to exercise this manipulation over the market: Firstly, it persuade independent producers to join its single channel monopoly, it flooded the market with diamonds similar to those of producers who refused to join the cartel, and lastly, it purchased and stockpiled diamonds produced by other manufacturers in order to price control through supply. In 2000, the De Beers forced to change the model, due to certain unavoidable factors such as the decision by producers in Russia, Canada and Australia, to distribute diamonds outside of the De Beers channel, thus effectively ending the monopoly. The De Beers family of companies started operating under a set of guiding rules known as the Diamond Trading Company Best Practice Principles (BBP)...
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...hindrance to their crop production. Here is a short list of plants that can be effective against a wide range of insect pest including those attacking the mango. 1. GOAT WEED (Aegaratum conisoides) Leaves- Extract juice and spray against diamond black moth and cotton Steiner. 2. DAMONG MARIA (Artemesia vulgaris) Leaves – Pound, extract juice and spray at the rate of 2 to 4 tbs. per 16 litters of water wit detergent or AZ41 and spray against cotton borer and mango tip borer. 3. LANTANA (Lantana camara) Flowers – Pound and store around the grains to serve as repellant against weevils. 4. DITA (Derris philippinensis) Roots – Pound and extract juice. Spray at the rate of 1 cup per gallon of water or powder, mix with detergent or AZ41 and spray at the rate of 120 grams powder + 250 to 300 grams detergent per 4 35 gallons of water against diamond black moth and other insect pests. 5. WILD SUNFLOWER (Tethornia diversifolia) Leaves – Pound and extract juice and use as spray at the rate of 1 to 2 kg. Fruit per litter of water against cotton Steiner, black armyworm and diamond black moth. 6. MARIGOLD (Targetes erecta) Roots – A mixture from the pounded leaves, flowers and roots soaked in water at a proportion of 500 grams/liter of water has been found to be effective against lipidopterous pests, leafhoppers, beetles and house flies. The remaining cake can be used as a mulch or mixed with the soil to control nematodes and other soil pests. Marigold inter-cropped with...
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...JUNIOR 1 S Y 2000 - 2 0 0 1 V o l . 20 N o . 1 C O N T E N FOR LOVE OF DIAMONDS These brilliant gems are not only for fashion but find many uses in other industries as well. CHEMISTRY: BUILDING BLOCKS OF MODERN CIVILIZATION Understand the significance of chemistry throughout man’s history. NUCLEAR CHEMISTRY: TOWARDS A SAFE ENERGY SOURCE Is nuclear technology a boon or bane of science? Read on. T S ib er s, De ar BB su bs cr ng ga zin e is ma ki Ba to Ba la ni ma e ma ga zin e. to yo ur fa vo rit lled so me ch an ge s a new section ca c g the changes is Amon s wi th sc ie nt ifi .” It de al “P se ud os ci en ce pt io ns th at an d mi sc on ce ve no tio ns , my th s, e. Al so , we ha pu la r at on e tim we re po ” se ct io n to “C yb er wo rld ex pa nd ed ou r ac tiv ity se ct io n. e a we b- lin ke d in cl ud wi ll th es e ch an ge s We ho pe th at re nc e stu di es mo ur sc ie he lp ma ke yo jo y! re fu n! En re le va nt an d mo Th e Ed ito r MEDICINE’S POTENT MIXTURES AND SOLUTIONS Chemistry plays a major role in our existence through important medical applications. R E G U L A R F E AT U R E S 3 Science & Technology News 5 Filipino Scientists and Inventors BOARD OF ADVISERS Violeta Arciaga, Jaime F. Bucoy Jose C. Calderon, Victoria V. Cervantes, Juanita M. Cruz, Belen P. Dayauon Medical Facts and Fallacies 9 Livelihood Technology / I’d Like to Know 10 Cyber World CONSULTANT ...
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...long as the negative marginal utilities are not sizable enough to completely offset the positive marginal utilities on earlier units of consumption. 3. (Role of Time in Demand) In many amusement parks, you pay an admission fee to the park but you do not need to pay for individual rides. How do people choose which rides to go on? (Answers may vary) The rides are allocated on the basis of the time costs incurred while standing in line waiting for the ride. Those who really prefer a particular ride or those who have abundant time available will be willing to wait longer. Those with little time available may elect to ride other less crowded but also less thrilling rides. 4. What is the diamonds-water paradox, and how is it explained? Use the same reasoning to explain why bottled water costs so much...
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...After three years of traveling the waters of Europe by houseboat Susanna decided to become a Wolfe copycat. A year soon passes while being a Wolfe copycat when she decides to infiltrate a mansion on a cliff, both as a secretary and as Wolfe, who is sought after by the owner and lady of the mansion. She spends four weeks at the mansion the first week as Wolfe who the lady has locked up in a tower made out of a tree, followed by two weeks as a newly hire secretary. Finally the last week as Wolfe, because Susanna managed to find the diamonds she was targeting on the third week. On the last day of the fourth week while she was relaxing in the tower as Wolfe, her friend Sharpe bursts into the room and shouts, "Get Down, Wolfe!!" as he fires out the window and bullets zing over her head....
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...Diamonds are a girls best friend according to a Madonna song, but what does diamonds do to the people and country where they come from? In parts of Africa you can see adults and kids in pools of water looking for them. You might think “Then why aren’t these people rich and why do they live in places like these?” While your answer is that they don’t profit from anything they find. You can find Blood Diamond mines in Sierra Leon, Liberia, Angola, the Republic of Congo, Cote d’Ivories. Central African republic, and Democratic Republic of Congo. Most of the mines you will find in these countries are illegal. For years civil wars have plagued these countries about these diamonds. Rebel militants come in hoping to occupy the mines for their own use at any cost. Over 5 million civilians have been killed, tortured, raped, mutilated, and abducted in order to get to these mines. When they get to these mines they force you to work for them and you become almost like a slave. What you get in return for this labor is less than a dollar a day, poor living conditions, and disease. Not only do they force adults but they force...
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