"3 What Is The Opportunity Cost Of Increasing The Annual Output Of Corn From 800 To 1000 Pounds" Essays and Research Papers

  • 3 What Is The Opportunity Cost Of Increasing The Annual Output Of Corn From 800 To 1000 Pounds

    The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, there are fewer resources available for breeding poultry. Maximum annual output options | Quantity of Corn(pounds) | Quantity of Poultry(pounds) | 1 | 1200 | 0 | 2 | 1000 | 300 | 3 | 800 | 500 | 4 | 600 | 600...

    Analytic geometry, Dimension, Economics 428  Words | 2  Pages

  • Cost Accounting Question Paper

    Changing from a traditional direct labor-based costing system to an activity-based costing system changes product margins and other key performance indicators used by managers. Such changes are often resisted by managers. In practice, most managers insist on fully allocating all costs to products, customers, and other costing objects in an activity-based costing system. This results in overstated costs. More accurate product costs may result in increasing the selling prices...

    Cost, Cost accounting, Costs 831  Words | 4  Pages

  • Cost of Opportunity

    In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.[1] The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative...

    Costs, Economic value added, Economics 757  Words | 3  Pages

  • Costs and Opportunity Cost

    Ronald Coase noted,“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example, the opportunity set for this Friday night includes the movies, a concert, staying home and studying, staying home and watching television, inviting friends over, and so forth. The opportunity cost of taking job A included the forgone salary of $102,000 plus the $5,000 of intangibles from job B. Opportunity cost is the sacrifice of...

    Cost, Costs, Economic cost 1862  Words | 6  Pages

  • BU204 02 Langhoff Melissa Unit3

    Unit 3 Assignment 1) The table below indicates the total quantity supplied and demanded of flashlights at different price levels. Price Quantity Demanded Per Month Quantity Supplied Per Month $5 6,000 10,000 $4 8,000 8,000 $3 10,000 6,000 $2 12,000 4,000 $1 14,000 2,000 a. Draw Supply and Demand Curves. b. What are the equilibrium price and the equilibrium quantity? The equilibrium price is $4 and the equilibrium quantity is 8,000 flashlights. c. Suppose the market price is $5. What problem...

    Demand curve, Economic equilibrium, Economics 1017  Words | 6  Pages

  • Globalisation, Scarcity and Opportunity Cost Explained

    1. What dangers do you see from increasing globalisation in a world economy? Globalisation refers to the integration and interdependence of the world economy and can be seen by the fact that communications, media and business spans the world, not just one given economy or even type of economy. Boyes (2011, p.6) reports that there are now close to 40,000 transnationals companies, and increase of 300% on just 25 years ago, and that these companies make up approximately 33% of all private-sector...

    Costs, Economics, Economics terminology 1250  Words | 5  Pages

  • Production Cost Analysis and Estimation Applied Problems

     Production Cost Analysis and Estimation Applied Problems Vada Taborn BUS 640: Managerial Economics Instructor: Isabel Wan Date August 10, 2015 Production Cost Analysis and Estimation Applied Problems Problem 1: William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week. Workers Employed | Quality of pizzas produced per week 0 ...

    Costs, Economics of production, Marginal cost 831  Words | 7  Pages

  • Production Possibilities & Opportunity Cost

    Year Name: Date: Topic: Production Possibilities & Opportunity Cost 1. The slope of the production possibility frontier shows A. the technically efficient combinations of the two goods B. how factor inputs must be changed to keep them fully employed C. the opportunity cost of one good in terms of the other D. how consumers are willing to trade one good for another 2. A. OM B. OH C. YF D. MH 3. Which of the following will not shift a country's production possibilities...

    Costs, Economics, Economics of production 721  Words | 3  Pages

  • Microeconomics Wa 3

    firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses the marginal revenue curve at an output level of 1000 units. What is the firm's current profit? What is likely to occur in this market, and why? Total rev | 12500 | Total costs | 10000 | TC=ATC(Q) = 10 ( 1000) = 10000 Profit=TR-TC = 12500 - 10000 = 2500 In this case, the profit is positive however for...

    Costs, Economics, Marginal cost 1924  Words | 6  Pages

  • Micro Econ

    Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, there are fewer resources available for breeding poultry. Maximum annual output options Quantity of Corn (pounds) Quantity of Poultry (pounds) 1 1200 0 2 1000 300 3 800 500 4 600 600 5 400 700 ...

    Analytic geometry, Cost, Costs 291  Words | 2  Pages

  • Bu224 Unit 2

    The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, there are fewer resources available for breeding poultry. Maximum annual output options | Quantity of Corn(pounds) | Quantity of Poultry(pounds) | 1 | 1200 | 0 | 2 | 1000 | 300 | 3 | 800 | 500 | 4 | 600 | 600...

    Analytic geometry, Dimension, Economics 309  Words | 2  Pages

  • IT210 Week 3

    difficult time with this class in the first 3 weeks. However, I stumbled upon the Pseudocode Building Blocks tutorials on Youtube by Jack Lusby. They have helped me out tremendously. IT/210 Hollie M. Strack Week 2 CP 2 Jo Jones Chapter 2 Programming Problem Analysis Process: 1. Get user input. 2. Get item weight in pounds and ounces 3. Determine price per unit 4. Calculate total cost Input: Weight in pounds and ounces Price Output: Total_cost (real: > 0) Design Main...

    Height, Imperial units, Input 756  Words | 6  Pages

  • Bu204 Macroeconomics Unit 2 Assignment

    interest of Americans to import garments at lower cost because it allows the United States to focus capital and educated and skilled labor on ventures and enterprises that increase the standard of living and overall wealth of our country (2006). The United States has an absolute advantage in producing apparel and the opportunity cost is higher. Conversely, third-world countries with sweatshops have a comparative advantage and the opportunity cost is lower (Mankiw, 2011, p. 54-56). In regards to...

    Economic development, Economics, Economics terminology 1830  Words | 6  Pages

  • Economics and Opportunity Cost

    place in the factor market or the product market. a. Billy buys a sofa from Home Time Furniture for his new home. Factor market b. Home Time Furniture pays its manager her weekly salary. Product market c. The manager buys dinner at Billy’s Café. Product market d. After he pays all of his employees their wages and pays his other bills, the owner of Billy’s Café takes his profit. Factor market 2. List the opportunity costs of the following: a. going to college - the money you would have earned...

    Economics, Elasticity, Microeconomics 1000  Words | 4  Pages

  • Costs and Location

    staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis. Determine: (A) the order quantity that will minimize the sum of ordering and holding boxes of staples (B) the annual cost of ordering and carrying the boxes of staples  2. . A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual basis. Determine: (A)...

    Cost, Costs, Economics of production 1204  Words | 4  Pages

  • Microeconomics

    The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, there are fewer resources available for breeding poultry. Maximum annual output options | Quantity of Corn(pounds) | Quantity of Poultry(pounds) | 1 | 1200 | 0 | 2 | 1000 | 300 | 3 | 800 | 500 | 4 | 600 | 600...

    Analytic geometry, Costs, Economics 338  Words | 2  Pages

  • Assignment

    Technology Chapter 7 3. In Table 7-3, what would the profit-maximizing input level be if the input price was $0? Notice the TPP and MPP at this point. What would be true about TPP and MPP at this point? Input Level | Nitrogen applied (lbs) | Total physical product (TTP) (bu) | Marginal physical product (MPP) | Marginal value product (MVP)=P1*MPP | Marginal value product (MIP)=P2 | 0 | 0 | 130 | | | | 1 | 25 | 148 | 18 | 63 | 0 | 2 | 50 | 162 | 14 | 49 | 0 | 3 | 75 | 170 | 8 | 28 |...

    Costs, Economics, Economics of production 1698  Words | 6  Pages

  • Variable Cost and Total Revenue Function

    salary goal of $800 per week. If product B is not available one week, how many units of product A must be sold to meet the salary goal? If product A is unavailable, how many units be sold of product B? (3) Assume in Example 1 (page 177) that the salesperson receives a bonus when combined sales from the two products exceed 80 units. The bonus is $2.50 per unit for each unit over 80. With this incentive program, the salary function must be described by two different linear functions. What are they, and...

    Automobile, Costs, Fixed cost 781  Words | 3  Pages

  • But Economic Growth Also Has Opportunity Costs!

    But economic growth also has opportunity costs! (Let TA handle in recitation) An important factor responsible for economic growth is an increase in capital Capital goods long-lasting tools used to produce final/consumption goods (goods that are used up) But capital itself has to be produced by the use of other resources (e.g. tractors, R & D) More capital a society produces today higher will be future output of final goods growth in the output of final goods => PPF will push out...

    Costs, Economics, Final goods 1170  Words | 4  Pages

  • The Concept of Opportunity Cost

    Opportunity cost is often to be determined when coming across decision-making. Throughout this essay, the termopportunity cost’ will be reviewed in the case of pregnant women staying home during their maternity leave. The essay will be divided into 3 part. Firstly, concept of opportunity cost will be defined and explained with daily examples. It will then go on investigating both the opportunity cost and benefits of mothers staying home during their maternal leave. Finally, several advices will...

    Cost, Costs, Economics 963  Words | 3  Pages

  • Cost and Profit

    WHAT ARE COSTS AND PROFITS? HUNGRY HELEN’S COOKIE FACTORY • Helen, the owner of the cookie factory, buys flour, sugar, flavorings, and other cookie ingredients. • She also buys the mixers and the ovens and hires workers to run the equipment. • She then sells the resulting cookies to consumers. 2 TOTAL REVENUE, TOTAL COST, AND PROFIT • The amount that Helen receives for the sale of its output (cookies) is its total revenue. • The amount that the firm pays to buy inputs (flour, sugar, workers...

    Costs, Economic cost, Economics 1304  Words | 5  Pages

  • Unit 3 Assignment

    Unit 3 Homework - Template Problem 1: Suppose that the supply schedule of Belgium Cocoa beans is as follows: Price of cocoa beans(per pound) | Quantity of cocoa beans supplied(pounds) | $40 | 700 | $35 | 600 | $30 | 500 | $25 | 400 | $20 | 300 | Suppose that Belgium cocoa beans can be sold only in Europe. The European demand schedule for Belgium cocoa beans is as follows: Price of Belgium cocoa beans(per pound) | Quantity of Belgium cocoa beans demanded(pounds) | $40...

    Demand curve, Economic equilibrium, Economic surplus 525  Words | 4  Pages

  • Gains from International Trade

    International Economics : Section A Q 1 첫째Explain with the aid of community Indifference curve and the production possibility frontier how a country an gain from international trade. 둘째. What other possible gains from trade are there other than the “gain for exchange” and gains from specialization.”? 첫째 The gain from international trade between countries can simply be clarified by the aid of Community Indifference Curves and the production possibility frontier as follows. The production...

    Comparative advantage, Economics, Gains from trade 1243  Words | 5  Pages

  • Cost Concepts

    Academic Year 2000-01 2001-02 2002-03 2003-04 2004-05 Total Enrollment 3000 3100 3200 3300 3400 Enrollment in Economics Courses 300 325 350 375 400 Measure the slope of the resulting line, give an algebraic representation of the line, and explain what the slope means. Answer: Find the slope of the line (call it m). Let Y = enrollment in econ courses; Let X = total enrollments. The slope is the rise over run, or, in this case, 1/4. Find the equation of the line in slope-intercept form: take any point...

    Analytic geometry, Costs, Economics 1419  Words | 4  Pages

  • Costs and Price

    * producer surplus increases 2. An increase in the price of an inelastic good * increases revenues 3. Price elasticity of Demand increases when * people become less price sensitive over time 4. The purpose of a market in a market system is to * bring buyers and sellers into contact 5. By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization? *...

    Cost, Costs, Economics 1595  Words | 7  Pages

  • Corn Production

    1. 175 million bushels grown annually, corn is Kentucky’s leading cash crop in terms of value. 2. Kentucky ranks 14th in the nation for corn production. 3. Bourbon County .............................................. 783,200 bushels 4. Corn is the most widely produced feed grain in the United States, accounting for more than 90 percent of total value and production of feed grains. 5. Around 80 million acres of land are planted to corn, with the majority of the crop grown in the...

    Acre, Agriculture, Bushel 1011  Words | 3  Pages

  • United States Dollar and Arbitrage Opportunity

    国金作业5 Questions 2. What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange? 3. Who are the market participants in the foreign exchange market? 5. What is meant by a currency trading at a discount or at a premium in the forward market? 6. Why does most interbank currency trading worldwide involve the U.S. dollar? 7. Banks find it necessary to accommodate their clients’ needs to buy or sell FX forward, in many instances...

    Canadian dollar, Currency, Dollar 900  Words | 4  Pages

  • Microeconomics Questions week 3

    WEEK THREE QUESTIONS: 38) What is Utility? "The utility of a consumer is a measure of the satisfaction the consumer derives from consumption of goods and services" (p. 270) 39) What is the Law of Diminishing Marginal Utility? "According to the principle of diminishing marginal utility, each successive unit of a good or service consumed adds less to total utility than the previous unit." (p.272) In other words the more one consumes the more they will be satisfied until they reach a...

    Cost, Costs, Economics 963  Words | 4  Pages

  • Bu224 - Unit 3 Assignment - Kaplan

    Problem 1: Suppose that the supply schedule of Belgium Cocoa beans is as follows: |Price of cocoa beans (per pound) |Quantity of cocoa beans supplied (pounds) | |$40 |700 | |$35 |600 | |$30 |500 ...

    Demand curve, Economic equilibrium, Economic surplus 758  Words | 4  Pages

  • Global Expansion in Brazil: Corn Farming

    Global Expansion [ Corn Farming in Brazil ] Table of Contents 1 Executive Summary 3 1.1 Recommendation 3 1.2 Criteria 3 2 Political Factors 4 3 Economic Factors 5 3.1 Agriculture Economics 5 4 Cultural Factors 7 5 Location Selection 8 6 Appendix A – End Notes 9 Executive Summary BIOTek, a large U.S. based corporation, hired our company to create a strategic report on establishing a corn farming operation in Brazil. For many decades, BIOTek has been researching...

    Agriculture, Brazil, Economics 1627  Words | 5  Pages

  • Opportunity Cost

    Class Serial No- 4. Economics Assignment- Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone products...

    Costs, Economics, Investment 758  Words | 2  Pages

  • Scarcity and Opportunity Cost of Choices

    [pic] Scarcity, Choice and Opportunity Cost 1. What are resources? Describe two different types of resources. Resources are anything provided by nature or previous generations that can be used directly or indirectly to satisfy human wants. Capital resources include machinery, equipment, and structures used to produce other goods and services. Human resources include labor, skills, and knowledge. Products of nature can also be used as resources. Difficulty: E...

    Capitalism, Economic system, Economics 5647  Words | 28  Pages

  • WEEK 3 ASSIGNMENT

    valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s a. cost of goods sold: 21,000 + 4,000 = 25,000 b. gross profit: 35,000 – 25,000 = 10, 000 c. ending inventory: 21,800 + 31,200 = 53,000 2...

    Accounts receivable, Asset, Depreciation 787  Words | 5  Pages

  • John Adams, Thomas Jefferson, and the Barbary Pirates: an Illustration of Relevant Costs for Decision-Making

    Relevant Costs for Decision-Making 1) Adams calculates costs under three alternative policies: (1) negotiate with the Barbary States; (2) wage war against the Barbary States; and (3) do nothing. Under the first two scenarios, his cost calculation represents projected cash outflows for the U.S. government. The “do nothing” scenario, however, includes some “costs” that would require no cash outlay by either the government or its citizens. What is the relevance of this third cost calculation...

    Cost, Costs, Depreciation 1027  Words | 3  Pages

  • Corn as Commodity and the Public Health

    Corn as Commodity and the Public Heath Corn as Commodity and the Public Heath Corn, in its human-induced evolution from unremarkable weed, to staple crop and finally commodity has had a tremendous impact on the United States. This once innocuous weed has become a symbol of American agricultural might, as well as a threat to our health, environment and the animals that sustain us. In Kenner’s Food Inc. (2009), the viewer gets to see first-hand the devastation that can be brought to a family that...

    Agriculture, Fatty acid, Food 2607  Words | 6  Pages

  • Unit 3 Homework

    Unit 3 Homework - Template Problem 1: Suppose that the supply schedule of Belgium Cocoa beans is as follows: Price of cocoa beans(per pound) | Quantity of cocoa beans supplied(pounds) | $40 | 700 | $35 | 600 | $30 | 500 | $25 | 400 | $20 | 300 | Suppose that Belgium cocoa beans can be sold only in Europe. The European demand schedule for Belgium cocoa beans is as follows: Price of Belgium cocoa beans(per pound) | Quantity of Belgium cocoa beans demanded(pounds) | $40...

    Demand curve, Economic equilibrium, Economic surplus 720  Words | 4  Pages

  • Mid Term

    table shows the maximum annual output combinations of potatoes and fish that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for potato production, there are fewer resources available for catching fish. Maximum annual output options Quantity of potatoes Quantity of fish (pounds) (pounds) A 1,000 0 B 800 300 C 600 ...

    Demand curve, Economic equilibrium, Economics curves 1528  Words | 8  Pages

  • Opportunity Cost

    Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics, here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words, using the same resources such as money and time, the best...

    Costs, Economic surplus, Economics 1142  Words | 3  Pages

  • Costs and Multiple-choice Questions

    follow his or her own self-interest. 3. Wealth-creating transactions are more likely to occur: D. all of the above 4. Government regulation: A. provides incentives to conduct business in an illegal black market. 5. An example of a price floor is: A. Minimum wages. 6. A price ceiling: B. is an implicit tax on producers and an implicit subsidy to consumers. 7. Taxes: D. all of the above 8. A consumer values a car at $30,000 and it cost a producer $20,000 to make the same...

    Costs, Economics, Fixed cost 1231  Words | 6  Pages

  • The Impact of Corn Prices on Beef, Pork, and Chicken

    The Impact of Corn Prices on Beef, Pork, and Chicken Introduction The United States has long been the leading producer and exporter of corn. Through agreements reached by the U.S. government and trade unions, the amount of corn exported has decreased from 68.7% in the 1990s to 60.3% in the 2000s (Banerjee, 2011; & International Business Times, 2012). At face value, the percentages obscure the real reduction in corn exports. When the fact that technological innovations, which have led to increases...

    Beef, Cattle, Elasticity 2204  Words | 6  Pages

  • Assignment 4

    the following relationship between hours spent fishing and the quantity of fish caught for Juan, a commercial fisherman. Labor (hours) 1 2 3 4 5 6 Quantity of Fish (pounds) 10 18 24 28 30 32 Marginal Product (pounds) a. Complete the Marginal Product column in the Table. b. Characterize the production function, i.e. does the production function display increasing marginal returns, diminishing marginal returns, etc. c. Using the data above, graph Juan's marginal product curve. Be sure to label the...

    Costs, Diminishing returns, Economics 517  Words | 3  Pages

  • Assignment 3 Sp 2014

    BUSS207 Spring, 2014 Assignment 3 (Due by May 28, 2014) Please solve the following questions. If you prefer to work in a group in completing this assignment, you may do so. Groups are limited to a maximum size of 3 students. If you work in a group, the group will turn in one solution to the assignment and everyone in the group will receive the same grade on the assignment. If you work in a group, please make sure that you write down the names of all of your group members. If more than one group works...

    Bond, Bonds, Coupon 890  Words | 2  Pages

  • John Adams, Thomas Jefferson, and the Barbary Pirates: an Illustration of Relevnat Costs for Decision Making

    Barbary Pirates: An Illustration of Relevant Costs for Decision-Making Dennis Caplan Iowa State University Most Recent Update: August 7, 2002 John Adams, Thomas Jefferson, and the Barbary Pirates: An Illustration of Relevant Costs for Decision-Making ABSTRACT The concepts of incremental cost, opportunity cost, sunk cost, and cost allocation are identified and discussed in the context of early U.S. foreign policy. The case is derived from an authentic exchange of views between Thomas...

    American Revolutionary War, Federal government of the United States, Ship 2285  Words | 7  Pages

  • Corn Coffee

    EXECUTIVE SUMMARY Corn ranks second to rice, not only in terms of area devoted to its production but it has been a staple food of about 20% of the total population of the Filipinos. Aside from this, the green corn, boiled or roasted, is a popular snack food and may also be cooked a vegetable or soup. Other by-products of corn include corn flour and syrup, sugar and oil. In terms of nutritive value, corn is richer source of vitamin A than polished rice. It contains high amounts of minerals such...

    Caffeine, Coffee, Depreciation 1286  Words | 4  Pages

  • Opportunity Cost

    Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs, and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms, the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting...

    Cost, Costs, Economics 1090  Words | 3  Pages

  • Opportunity Cost

    is one of the more basic concepts of economics. Scarcity needs trade-offs, and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms, the opportunity cost of a decision is based on what must be given up as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost, scarcity and trade-off are important in our daily life because it affects us every day in different ways...

    Cost, Costs, Economics 930  Words | 3  Pages

  • Direct and Indirect Cost

    indirect cost Direct cost- We can easy compare direct to fixed cost. They are very similar. Direct cost we can name this cost which are directly attributable to the sale of a product. Direct costs can be identified specifically with a particular sponsored project, or that can be directly assigned to such activity relatively easily with a high degree of accuracy.It is necessarily to good understand that cost shared expenditures are considered to be direct costs. We have 3 types of direct cost: • direct...

    Cost, Cost-benefit analysis, Costs 1266  Words | 6  Pages

  • Shattered Dreams: Level 3 Communications

    1. What was the planned strategy of Level 3 Communications in the late 1990s? Ans. To offer low-priced fiber-optic network that covers connections to major cities in the US focusing on the internet traffic for service providers and corporations. The plan starting from gathering funding from investors to build up a high capacity fiber-optic network that linked major cities in the US, then cut prices to attract major users of the networks including corporations, Internet service providers like AOL...

    Computer network, Corporation, Entrepreneurship 799  Words | 3  Pages

  • Opportunity Cost

    Apa sih opportunity cost? Untuk yang pernah belajar ekonomi pasti kenal baik dengan istilah ini, tapi buat yang lain, opportunity cost is : "...the cost of something in terms of an opportunity foregone (and the benefits that could be received from that opportunity), or the most valuable foregone alternative." (Dictionary.LaborLawTalk.com) Kalau diterjemahkan adalah suatu biaya dari hilangnya suatu kesempatan dalam menggunakan sumber daya tertentu. Kalau kita melihat waktu sebagai sumber daya...

    Costs, Economic cost, Economics 441  Words | 2  Pages

  • The Factors Cause the Rise in Agricultural Price from Middle 2012

    1.0 Introduction Having experienced a food crisis from 2007 to 2008, the world was quite for a short period. From early of 2010, the price of many agricultural products kept rising in the whole world. A new round of food crisis affected people. Within 3 month from April to June of 2012, the price of wheat and soybean rose 17% and 12%, respectively. In July, the price of Australian barley surged 56%. At the same time, the Chicago wheat price also rose 36%. After August 5, Russia announced the suspension...

    2007–2008 world food price crisis, Agriculture, Famine 2319  Words | 7  Pages

  • GMO corn

    Genetically modified corn, Gasoline and High fructose corn syrup Did you know that about 85% of our corn is genetically modified (True Food Network)? It’s really surprising how genetically modified food has been incorporated into our society. We eat genetically modified food every single day whether it would be yogurt, fruits, milk, peanut butter, etc. So what is genetically modified food, according to “Non-GMO shopping guide”, genetically modified food (also known as GMO) is define as “the result...

    Corn syrup, Ethanol fuel, Genetically modified food 1642  Words | 4  Pages

  • Cost Effective

    How to do cost-effectiveness calculations in a nutshell: Noncompeting choice Noncompeting choice cost effectiveness is when you have many possible options to choose from that are NOT mutually exclusive. Noncompeting choice cost effectiveness uses the average cost effectiveness. This means you simply divide the cost of the intervention by the benefit of the intervention. For example: Intervention QALY Gained (~DALY eliminated) Net Cost A 50 $1000 B 3 $300 C 40 $1200 The average...

    Cost-effectiveness analysis, Cost-utility analysis, Costs 1047  Words | 4  Pages

  • Marginal Cost

    [pic] (g) 2y = 3 x2 + 10 (d) y =[pic] (h) x y = 2 x2 - 5 x + 4 2. Find the integral of the following: (a) [pic] (e) [pic] (b) [pic] (f) [pic] (c) [pic] (g) [pic] (d) [pic] 3. Find the x value of the turning points on the graph of y = [pic] and determine whether it is a maximum or a minimun point. 4. Find the coordinates of the two turning points of the function y = x3 - 8 x2 + 5 x + 3 5. For a particular function, dy/dx = 4x - 3. If it is known...

    Cost, Costs, Economics of production 909  Words | 3  Pages

  • Cost and Price

    price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee, would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end cost could increase too. Changes of the productivity...

    Cost 974  Words | 3  Pages

  • Production Cost Analysis

    Production Cost Analysis and Estimation Applied Problems 1. Jennifer Trucking Company operates a large rig transportation business in Texas that transports locally grown vegetables to San Diego, California. The company owns 5 large rigs and hires local drivers paid fixed salaries monthly, regardless of the number of trips or tons of cargo that each driver transports each month. The below table presents details about the number of drivers and the total cargo transported by the company at different...

    Cost, Costs, Diminishing returns 532  Words | 3  Pages

  • The Opportunity Cost of Economics Education

    ECONOMIC SCENE The Opportunity Cost of Economics Education By ROBERT H. FRANK Published: September 1, 2005 SHORTLY after I began teaching, more than 30 years ago, three friends in different cities independently sent me the same New Yorker cartoon depicting a woman introducing a man to a friend at a party. "Mary, I'd like you to meet Marty Thorndecker," she began. "He's an economist, but he's really very nice." Forum: The Economy Cartoons are data. That people find them amusing usually...

    Ben Bernanke, Costs, Economics 957  Words | 3  Pages

  • Increasing Costs of Higher Education

    can, a college education is the key to success. For some students, financing college is not a problem. Money should not be a factor in the student’s decision-making process when choosing what school to attend, but unfortunately many people are unable to attend the university of their choice due to high tuition costs. Working through college is not always the best answer because this may have a negative effect on academic performance with the added stress. It is true that financial aid and loans are...

    College, College tuition, Education 1724  Words | 5  Pages

  • Corn Syrup Speech

    average American consumes 150 pounds of sugar a year. B. Thesis- Today, I am going to talk about high fructose corn syrup, why it is used, and research of how it is affecting us. C. Significance- Many companies have switched to high fructose corn over pure cane sugar to lower cost. As a result, it may be cheaper for us at the checkout stand, but is it affecting our health and weight. D. Overview- I am going to discuss what high fructose corn syrup is, the increase in obese...

    Coca-Cola, Fructose, High-fructose corn syrup 748  Words | 3  Pages

  • Annual Percentage Rate and Real Estate

    take your appliances if you default on the loan. The loan is at the annual market rate of 5%, and the loan amount is $6,000 to be repaid monthly over 4 years.(ii) Rent-to-buy from the same store. The monthly rental is $125 for 48 months and then you pay $1,000 to own all the appliances. What is the net cost today of the cheapest option? (Enter just the number without the $ sign or a comma; round off decimals. Since this asks for a cost, you just enter the number without a negative sign.) Question 9 ...

    Annual percentage rate, Debt, Fixed rate mortgage 892  Words | 3  Pages

  • Cost of Capital

    ogCost of capital First of all I would like to say the I wanted to calculate the cost of debt and cost of equity but the information given in the statements are missing the items needed to calculate the cost of debt and the cost of equity but I would like to analyze the information related to this part The market capitalization already increased in year 2010to 7,016 million from the previous year which was 3,805 million in year2009.also we can see the share price started year2010 with equal...

    Corporate finance, Cost of capital, Finance 1397  Words | 4  Pages

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