Microeconomics Topic 6: “Be able to explain and calculate average and marginal cost to make production decisions.” Reference: Gregory Mankiw’s Principles of Microeconomics‚ 2nd edition‚ Chapter 13. Long-Run versus Short-Run In order to understand average cost and marginal cost‚ it is first necessary to understand the distinction between the “long run” and the “short run.” Short run: a period of time during which one or more of a firm’s inputs cannot be changed. Long run: a period of time during which
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Client Satisfaction Surveying: Common Measurements Tool Faye Schmidt‚ Ph.D.‚ with Teresa Strickland CITIZEN-CENTRED SERVICE NETWORK CANADIAN CENTRE FOR MANAGEMENT DEVELOPMENT December 1998 For more information‚ please contact the Strategic Research and Planning Group of the Canadian Centre for Management Development Telephone: (613) 996-3955 Fax: (613) 995-0286 The opinions expressed are those of the authors and do not necessarily reflect the views of the Canadian Centre
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College Costs Introduction It’s no secret that financing a college education is getting tougher. College costs have skyrocketed over the past decade or so‚ and there’s no relief in sight. Average tuition at four-year colleges will increase 7 percent this school year‚ double the rate of inflation. Student aid is not increasing fast enough to plug the growing gap between tuition and family finances. In addition‚ there is a growing number of older students entering college today. These students
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Common traits of the Filipinos Common Traits It is difficult to define and ascertain the very core of what it is to be a Filipino. History tells us that the Filipinos as we know now had an untraceable origin. All that we can do now is to determine the common traits that are common to all of the Filipinos. Common traits among Filipinos can be traced throughout its existence‚ from the pre-colonial era up to the present era that we have now. There is something that is particularly common and at the
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is not sure about the difference between cost accounting and a cost accounting system. Explain the difference to Joe. (b) What is an important feature of a cost accounting system? 2. (a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems? 3. What type of industry is likely to use a job order cost system? Give some examples. 4. What type of industry is likely to use a process cost system? Give some examples. 5. Your roommate
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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10/12/04 4:49 PM Page 259 8 C H A P T E R COST CURVES 8.1 LONG-RUN COST CURVES APPLICATION 8.1 The Long Run Cost of Trucking APPLICATION 8.2 The Costs of Higher Education APPLICATION 8.3 Economies of Scale in Refining Alumina? APPLICATION 8.4 Hospitals Are Businesses Too APPLICATION 8.5 Tracking Railroad Costs APPLICATION 8.6 Economies of Scope for the 8.2 S H O RT- R U N C O ST C U RV E S 8.3 SPECIAL TOPICS IN COST Swoosh Experience Reduces Costs of Computer Chips APPLICATION 8.7 8.4
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Chapter 2 Donoghue v Stevenson p.45 Donoghue found a snail in the ginger beer and got shocked. She sued Stevenson‚ the manufacture. Manufacturer owed a duty of care to customers. Neighbour test.Grant v Australian Knitting Mills p.48 Dr Grant suffered dermatitis because of the sulphites on the surface of the underwear manufactured by AKM. AKM owed a duty of care in the production of the underwear not to cause injury to Grant. McPhersons v Eaton p.49 Eaton died from the exposure to asbestos
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In the Land of the Free Since the first wave of Chinese immigration to the United States in 1850s‚ the Chinese experienced discrimination and often overt racism. According to Holland‚ during 1870s‚ a large number of Chinese laborers flooded into American job market after the completion of transcontinental railroads. Since the Chinese laborers were willing to work for lower wages‚ they took jobs away from white workers which caused negative feeling toward Chinese. At the same time‚ the economic
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Project managers must take cost estimates seriously if they want to complete software projects within budget constraints. After developing a good resource requirements list‚ project managers and their software development teams must develop several estimates of the costs for these resources. There are several different tools and techniques available for accomplishing good cost estimation. Software development project managers should prepare several types of cost estimates for most projects. Three
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