Cost and Revenue Curves J Bara ECO/533 Economics for Managerial Decision Making PA04MBA10 April 7‚ 2005 1. Total profit is the product of profit per unit and the quantity. To maximize profit‚ quantity is chosen at the point where marginal cost (MR) is equal to marginal revenue (MR) which is where the two graphs intersect. This is the ideal situation to a profit seeking company. Since price is greater than the Average Total Cost (ATC)‚ for each unit sold the profit per unit is simply the
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Opportunity cost is often to be determined when coming across decision-making. Throughout this essay‚ the term ‘opportunity 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
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going to agree that a challenging issue related to entrance to a university is financing. D. Asserting thesis Today I will be talking about the rising cost of tuition. I will argue that “human capital contracts” proposed by Nobel Prize winning economist Milton Friedman should be adapted by students looking for funding in order to deal with this rising cost. E. Preview In my speech‚ I will address the needs‚ cause and a solution to this problem. In general‚ the price of tuition and student debt amount
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in regards to their four basic paper product lines. It will show the cost and price data for the next fiscal quarter‚ plus showing the contribution margins per unit and the revisions. The paper will include the break-even point for sales mix along with the margin of safety for the estimated sales volume of the original estimates and the revised estimates as well. Lastly‚ it will address Herbert’s concern about the variable cost of the place mats. Original Estimated Contribution
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For example‚ in Chapter 3‚ The Cost of Zero Cost‚ Ariely explains that when we are “buying” something for free‚ we might think that we have made the right decision‚ however in doing so‚ we often give up a better choice which might involve paying something. The book focuses on how‚ what seems
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inEurope‚ which meant that Ryanair was taking a big risk by deciding to enter this market. At the moment the airline passenger market was a complex one‚ since the governments would highly control it. Additionally‚ the airline industry has high fixed costs‚ which was something that Ryanair needed to take into account if the company wanted to face its already experienced competitors. However the Ryan brothers knew that it was important to fly this route‚ and so they decided to follow an aggressive
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Wages means the amount paid to the labor for his services to the employer. Q. Explain the nature of wages? (2 marks) It is remuneration Basis (time‚ task‚ piece‚ commission) Payable by the employer Important component of labor cost Important variable Fair and reasonable value Q. Explain the significance of wages (2 marks) Acts as motivator Helps in employee retention Provides satisfaction Used to attract labor Helps in collecting information Q. Bring out the difference
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Corporate Law 1. Discuss the position of guarantee in respect of loans to a minor. 2. Does the release by the creditor of one of the sureties discharge the others? 3. Explain the provisions relating to appointment of directors in Producer Company. 4. Two separate company wish to amalgamate. State the steps which they must take for this purpose. 5. Does the failure of inspector to submit his or her report in time amount to an end to investigation? 6. A‚ the secretary of the company is also a minority
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Factory Office 1‚500 500Rent Factory Office 5‚000 2‚500Commission to Salesman 1‚250Advertising 1‚250Income Tax 10‚000 Sales1‚89‚500Q1. Prepare the cost sheet Q 2 Prepare a cost sheet for the year ended March 31‚2009 Stock of finished goods ( April 1‚ 2008) 6‚000Stock of raw materials (April 1‚ 2008) 40‚000Work in Progress (April 1‚ 2008) 15‚000Purchase of raw Material 4‚75‚000Carriage inwards 12‚500Factory rent
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Telus: The Cost of Capital Telus needs to calculate the cost of capital from the variety of data given. The cost of capital is determined mostly by how the funds are used rather than where they were obtained from. It relies on the risk of investments Telus involves in‚ therefore‚ depending on cost of both equity of debt as described below. Also note that‚ even though the preferred shares are not attractive to issuers and may not get issued again‚ it is still on the company’s balance sheet and affect
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