Wednesday, March 18, 2020

The eNotes Blog The Giver Trailer is Here and It Looks AwesomelyCreepy

The Giver Trailer is Here and It Looks AwesomelyCreepy Lois Lowrys Newbery Award-winning novel The Giver is coming to the big screen, and the first official trailer is out. Take a peek! The film will star big names Jeff Bridges (as the Giver), Meryl Streep, and Katie Holmes. Newcomer Brenton Thwaites will play the lead role of Jonas, the new Receiver of Memory for his community. For those unfamiliar with it,  The Giver is a dystopian novel set in a community that has isolated itself from the world and instituted a mandate of sameness. In this society, people do not feel emotions, see color, or think for themselves. They adhere to strict rules to preserve order and their seemingly perfect world. Only one in the community is chosen to carry the burden of mankinds memories, and as he grows old, a new Receiver of Memories is selected- young Jonas. Though his task is to relive the suffering of humankind and remind his community that the sacrifices they have made are just ones, over time Jonas cant help but wonder whether a world without joy, love, color, even pain, is one worth living in. For the full summary, plus analysis of themes and characters, visit the guide to  The Giver here. Theres still lots of time to get caught up on our Giver chapter summaries, Homework Help, and quizzes before the movie hits theaters on August 15th! Will  The Giver be this years  Hunger Games? Let us know what you think in a comment!

Monday, March 2, 2020

Understanding Indifference Curves and How to Plot Them

Understanding Indifference Curves and How to Plot Them In order to understand the highs and lows of production or consumption of goods or services, one can use an indifference curve to demonstrate consumer or producer preferences within the limitations of a budget.   Indifference curves  represent a series of scenarios wherein factors like worker productivity or consumer demand is matched against different economic goods, services, or productions, between which an individual in the market would theoretically be indifferent regardless of which scenario he or she  takes part. It is important in constructing an indifference curve to first understand the factors that vary in any given curve and how those affect the indifference of the consumer in that given scenario. Indifference curves operate on a variety of assumptions, including that no two indifference curves ever intersect and that the curve is convex to its origin. Understanding the Mechanics of Indifference Curves Essentially, indifference curves exist in economics  to determine the best choice of goods or services for a consumer given that particular consumers income and investment capital, wherein the optimal point on an indifference curve is where it correlates with the consumers budget restraints. Indifference curves also rely on other core principles of microeconomics including individual choice, marginal utility theory, income and substitution  effects, and the subjective theory of value, according to Investopedia, where all other means remain stable unless charted on an indifference curve themselves. This reliance on core principles allows for the curve to truly express the levels of satisfaction of a consumer for any good, or the level of production for a producer, within a given budget, but again must also take into account that they could be oversimplifying a markets demand for a good or service; the results of an indifference curve should not be taken as a direct reflection of the real demand for that good or service. Constructing an Indifference Curve Indifference curves are plotted on a graph according to a system of equations, and according to Investopedia, Standard indifference curve analysis operates on a simple two-dimensional graph. One kind of economic good is placed on each axis. Indifference curves are drawn based on the consumers presumed indifference. If more resources become available, or if the consumers income rises, higher indifference curves are possible – or curves that are farther away from the origin. That means that when constructing an indifference curve map, one must place one good on the X-axis and one on the Y-axis, with the curve representing indifference for the consumer wherein any points that fall above this curve would be optimal while those below would be inferior and the entire graph exists within the confines of the consumers ability (income) to purchase those goods. In order to construct these, one must simply input a set of data - for instance, a consumers satisfaction with getting x-number of toy cars and x-number of toy soldiers while shopping - across this moving graph, determining the points by what is available for purchase given the consumers income.