Principles of Microeconomics

The test results indicate that I am at a low risk of developing Diabetes. However, I will make changes to my diet to reduce the danger due to a family history of the condition (Type 2 Diabetes Risk Test). The best way to keep diabetes at bay is consuming food rich in fiber and low calories. Incorporation of fruits and vegetables, as well as wholesome meals, is a suitable method of lowering the risk of developing diabetes. In addition to this, I will reduce intake of saturated fats by cutting down on consumption of fatty foods such as fried chicken, potato chips and French fries. The high content of sugar in carbonated drinks such a soda also increases the calorific value of food; therefore, the consumption of these products has to reduce.

Type 1 and type 2 diabetes are different. Type 1 diabetes occurs when the immune system attacks the body’s cells and destroys beta cells, which produce insulin in the pancreas (Association S85). The result is the stop of insulin production in the body and causes glucose accumulation in the bloodstream. Researchers are yet to find out the reason for the attack. However, there are speculations involving the genetic factors and exposure to certain viruses. Type 2 diabetes is caused by insulin resistance. In this case, the body has insulin but cannot utilize it. Insulin resistance is caused by inactivity and excess weight among other factors.

Diabetes Meal Plan

The meals can be rotated after the fourth day.

Breakfast

Lunch

Dinner

Snack

Day 1

One cup of milk (fat-free)

Half banana

Peanut butter

1 slice of bread

1 can of beef

½ cup pineapple

¼ cup cheese

Vegetable stock

Ten tortilla chips

½ cup of cooked spinach

1 wheat roll (whole)

Thirty grapes

1 cup of baked squash

Grilled chicken (3 oz.)

Three cups of popcorn

Day 2

3 pancakes (whole grain)

1cup of blueberries

6-inch turkey sandwich

¼ cup of almonds

1 apple

2 cups mixed vegetables

1 cup brown rice

2 tablespoons of raspberry vinaigrette

2 cups of black beans

½ cup of strawberries

2 pieces of dark chocolate

Day 3

½ cup of cheerios

¼ cup strawberries

1 cup milk (fat-free)

¼ cup almonds

Lean chicken cuisine (28g)

2 breadsticks

1/2 banana

2 cups of mixed greens

4 oz. of salmon

Half-baked potato

1 cup of carrots

Wheat roll (15g)

½ cup of blueberries

Light yoghurt (6 oz.)

Day 4

1 banana

1 wheat bagel

2 tablespoons of peanut butter

Grilled chicken (17g)

1 baked potato (30g) 

1cup of beans

½ cup watermelon (Center 2)

Seven whole wheat crackers

2. Principles of Microeconomics

Accounting profit is the difference between total monetary costs and financial revenue while economic profit is the difference between total costs and total monetary revenue. Monetary revenue refers to the profits made by selling the company’s products. In other words, accounting profit comprises the debits and credits on a firm’s balance sheet  (Nasirizadeh 495). The former is influenced by accounting principles while the former is driven by economic factors. Moreover, accounting profit covers income tax while economic profit determines the entry into a market, the stay and exit. Zero economic profit occurs when an organization’s total (implicit and explicit) costs are equal to the revenue collected while a zero accounting profit means that the revenue collected only covers the explicit costs. Explicit costs include salaries, materials, rent and utility charges.

Works Cited

Association, American Diabetes. “Diagnosis and Classification of Diabetes Mellitus.” Diabetes Care (2014): S81-S89. .

Center, Comprehensive Diabetes. “Diabetes Meal Plan.” University of Michigan, 2015. .

Nasirizadeh, Navid Vahid & Hamidreza. “Comparison between Accounting profit and Economic profit.” European Online Journal of Natural and Social Sciences 2.3 (2013): 493-499. .

Type 2 Diabetes Risk Test. 2017. .