Competitive Market Worksheet: A single firm in a competitive
market.
(
Price or
Cost
90
80
70
60
50
40
30
20
10
) (
Price or
Cost
$ 90
80
70
60
50
40
30
20
10

)
Count’s costs
Market Supply and Demand

(
MC
)
(
ATC
)
(
(
m
arket
)
supply
)

(
Demand
)

(
1 2 3 4 5
20 40
60 80 100 120 140
160
quantity
(
1,000 calculators/wk)
QUANTITY
(1,000 calculators /week)
)

The graph on the left shows the cost curves for Count, a
company that produces calculators. The graph on the right
shows Supply and Demand for the calculator market, which we
will assume is competitive.
Part A: Short Run
Assume that the market is competitive and in short run
equilibrium and that Count is making profit-maximizing short
run decisions.
1. What is the current market price? $ __35____ How many
calculators are being produced per week in this market?
____130_____
2. What price will Count charge? _______ Why will Count
charge this price? ___________________________________
3. What is Count’s: Output (q): ________ At that output, what
is MC ________ and ATC _________? Average profit per
unit: $ ___________. (Note: If it is a loss, state it as a negative
profit)
Part B Long Run
1. If other producers have the same costs as Count, and are
making the same profits/losses as count is in question #4, what
will happen to each of the following in the market in the long
run:
Will firms enter or exit ______________________ Shift(s) in
supply or demand ________________________________
Change in the price________________________. Change in the
profits (losses) of firms. _______________________
2. Once the market has reached long-run equilibrium, what is
the expected market price? $_____________
Explain
why:_________________________________________________
_____________________________
3. In long run equilibrium, all firms’ Marginal Cost will be = $
_____, since MC =_price_MR______ ; all firms’ ATC will be
$______ , since ATC in long run = _Marginal Cost__ Each

firm’s economic profit per unit = $ __________
4. What is the test or condition for productive efficiency? (A
firm is producing efficiently if : it is producing at the minimum
AC) Explain why a competitive market will achieve
productive efficiency in the long run. Because the market price
will always be competed down to the minimum ATC.
4
Romeo and Juliet
Romeo and Juliet
Sheila Campbell
ENG 225 Introduction to Film
Instructor: Michael Cooper
01/21/2012

William Shakespeare's Romeo and Juliet was an amazing film.
The cinematography was amazing. They made the sets look like
it was in the present not the past. The beginning of the film
started with, "Two households, both alike in dignity, in fair
Verona where we lay our scene. From ancient grudge break to
new mutiny where civil blood make civil hands unclean. From
forth the fatal loins of these two foes, a pair of star crossed
lovers who take their life" (Universal, 1996). The costumes
and makeup was very awesome and colorful.
When I first saw the film in the movie theatre it was amazing. I
thought it was crazy how they stated the film off. All I heard
was a static coming from the screen as it interrupted the
beginning of the movie. I kind of freaked out and believed the
report emergency report was real. The reporter began to
reporting a tragedy that had recently happened in some place
called Verona.
I began watching the special report and I realized it was part of
the movie and the producer tricked everyone in the theatre. I
thought it was an neat trick to do. We as humans are trained to
believe what we see on the TV. The right after the newscast you
hear the sound of the sound of crying, chorusing angels
screaming angry chants echoed around the theater (great
surround sound effect). Images (clips from the movie) flashed
sporadically on the screen. The movie also had images from the
movie.
The movie had a dark sinister voice which retold Shakespeare’s
prologue which gave the telecast of the moment before. The
sounds were from screaming angels then it got silent. There
were sounds from a big truck flashing on the screen which gave
a hearty engine growl. The truck then began to speed loudly
down the road. There were electric guitars and booming drums
bumping a loud vengeful beat as well. Then it began to show the
Montague boys that took the scene. They were standing up in
the back of a truck waving their guns while shouting loudly. I
was already hooked to the movie from the moment I seen the

special report. The music defiantly lured people in as well. It
gave the scene some life and it helped the scene give life to the
music.
This movie was about two star crossed lovers who fell in love
and were always meant to be together. They were forbidden to
see each other so they decided to take another route in life. This
film also had a lot of action and love scenes in it as well.. the
characters were played by Romeo (Leonardo DiCaprio0 and
Juliet ( Claire Danes). They both knew how to play the
characters and they made the film very interesting to watch..
This Romeo and Juliet version was based on the present time
not the past.
Brian Johnson said the version of Romeo and Juliet as "just the
kind of movie Shakespeare might have made if he were around
today." Maclean decided to interview Baz Luhrmann on how he
got a directorial accomplishment in William Shakespeare's
Romeo and Juliet. "What people forget is that Shakespeare was
a relentless entertainer.(Luhrmann) When he played the
Elizabethan stage, he was basically dealing with an audience of
3,000 drunken punters who were selling pigs and geese in the
stalls. He played to everyone. . . . And his style was to have
stand-up comedy one moment, a song and then the highest
tragedy right next to it. He was a rambunctious, sexy, violent,
entertaining story teller, and we've tried to be all these things"
(qtd. Johnson).
The film highly credits the dialogue, the special effects, the
setting, and the acting. It does point out the things. One thing
it did point out was like how and Juliet's father looking like a
Mafia mobster, and Mercutio being a black transvestite. The
film uses the episodes as strong contributors to a fabulous
movie.
Start here
I could not agree more. These strange effects Luhrmann
creates in this movie serve only to make it better. It makes it
not only interesting, but fun and enjoyable as well. The use of
the original play script is remarkable. It would not have been

possible to do so pleasingly without the use of special effects. I
am still amazed at the sheer genius of the director in creating
such effects. I could read the play ten times and not come out
with half the understanding, or enjoyment, this movie gave me.
Some of the effects include the use of clever camera angles,
techniques used during dialogue, and the play on words.
Through camera shots, emotion was added to the scenes. Close
ups of eyes and guns during gang scenes, cameras moving in
slow circles around Romeo and Juliet's kissing scenes, and,
above all, an aerial shot of the death scene. Johnson states in
his review that "with Luhrmann filming their love scene in
lingering close-ups, they kiss and kiss as only young lovers do"
(Johnson).
During dialogue simple things like Benvolio and Romeo playing
pool while talking about Romeo's broken heart made it
somehow easier to understand Shakespeare--it merely sounded
like guy talk. It was the same when Juliet's mother spoke with
her in her chambers about love and marriage. It did not sound
complicated and jumbled up, merely a conversation between
mother and daughter.
Donald Lyons begins his article by claiming "it is foolish to say
Shakespeare's "works" better on the big screen than in the
theater." He says, "(even though) those knotty iambic
pentameters can be spoken softly, and hence understood:
soliloquies can be rendered as voice overs, and hence made
dramatically plausible. Baz Luhrmann's (director) version of
Romeo and Juliet (turned out to be) a hip-hop, MTV quick-cut
movie." Lyons blasts the movie because the sound effects in
the film were heard more loudly than the Shakespearean verses.
He adds the text was "more often than not drowned out by
visual and aural static: jump cuts, purple twilights, underwater
love scenes, gang weaponry, and Romeo's LSD trips." (Lyons)
However, an opposing review from U.S. News and World

Report holds that the actor's intonations and facial expressions
help with the understanding of the story. Other helping aids are
the costumes, scenery, and the action. It credits the two leading
roles, Claire Danes (Juliet) and Leonardo DiCaprio (Romeo)
with a "valiant effort" playing their roles (Streisand).
I agree with this completely, if not for the director's casting of
two actors that could effectively render such perfect intonations
and facial expressions, there would be no point to a modern day
remake. After all, was not all the idealic imagery and action the
sole purpose to making this movie play to the everyday movie
goer? Of course. Also, the fact Luhrmann chose such young
actors (Danes, 17; DiCaprio, 21) gave yet a more believable and
enjoyable screenplay.
My favorite example of a dialogue technique takes place during
Romeo and Juliet's love confession scene. It didn't sound like
long-winded sappy poems of passion and love. Rather they
were splashing about and kissing in a moon lit pool. It looked
and sounded just the way it should have, two teenagers
completely head over heels for each other. It felt real; it looked
believable.
Finally, the play on words is something to get excited about.
Swords and daggers in William Shakespeare's Romeo and Juliet
are guns with Sword 9 mm or Dagger 9 mm engraved on the
barrel. When Romeo's father calls out, "Hand me my long
sword!" he is talking about a rifle. Another use of figurative
language is the word gold. Romeo, buying the deadly poison,
pays the man with a wad of cash while keeping to the script,
"Here is your gold."
A review discussing some of these aspects starts off by telling
how William Shakespeare's Romeo and Juliet is a "90's
gangland" remake of the classic love story written nearly four
centuries ago. The article quotes Norrie Epstein, author of The

Friendly Shakespeare, "Although he (Shakespeare) is perceived
as a highbrow, Shakespeare wrote for the masses- and they
knew how to enjoy him. Go-and forget those teachers who
preached that you must understand every 'thee,' 'thou,' and 'my
liege.' Neophytes won't pick up every nuance, but the main
ideas will be easy to grasp. With a movie there is virtually no
escaping the big picture."
Ms. Epstein is exactly correct. What is the point of studying
every word or stanza to death? Shakespeare would not have
wanted it that way. His purpose was to entertain--give his
audience a chuckle or a tear. The fact that visually a gun
appeared while hearing "sword" or rolls of hundred dollar bills
while hearing "gold," is only to play to the masses, just as
Shakespeare would have done himself if he were the director of
this modern day remake.
In conclusion, I find William Shakespeare's Romeo and Juliet
was an awesome film. It showed how Baz Luhrmanns
directional ability how to direct an film. It also showed how to
people who cannot be together will eventually find a way no
matter what it takes to be together. I cried at the end of this
movie because it was so sad how they died. This film produced
so well if Shakespeare was alive he would be proud to see his
story touch so many lives in a positive way in the twenty-first
century.

References
Streisand, Betsy. "Looking for Mr. Good Bard this fall." U.S.
News and World Report. 11 Nov. 1996.
<http:Hcallisto.gsu.edu:4000/CGI:html> (5 May 1997).
Lyons, Donald. "Lights, Camera, Shakespeare." Commentary.
Feb. 1997. <http://callisto.gsu.edu:4000/CGI:html> (5 May
1997).
Rozen, Leah. "William Shakespeare's Romeo and Juliet."
People Weekly. 11 Nov. 1996.
<http://callisto.gsu.edu:4000/CGI:html> (5 May 1997).
Johnson, Brian D. "Souping up the Bard." Maclean's. 11 Nov.
1996. <http:Hcallisto.gsu.edu:4000/CGI:html> (5 May 1997).
Luhrmann, Baz, dir. William Shakespeare's Romeo and Juliet.
With Leonardo DiCaprio and Clare Danes. Universal Pictures
Production, 1960.