monopolistic competition. The firm maximizes its profits and produces a quantity where the firm's marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the average revenue (AR) curve. The difference between the firms average revenue and average cost gives...
of management control systems (MCS) as a package despite the existence of the idea in management accounting literature for decades. In this editorial we discuss a range of ways researchers have deﬁned MCS and the problems this has created. We provide a new typology for MCS structured around ﬁve groups:...
the reasons why a monopoly can charge a much higher price for its products. The first part is going to introduce the theory of monopoly, and another part is aiming to apply the theory in the canteen case. In the end the report will give two suggestions to reduce the power of Hao Wei Da in UNNC.
Monopoly...
1. Define motivation, critically evaluate contribution of Mc GREGOR to MOTIVATION
As a vehicle need fuel to move and it is an drving force for vehicle, in the same manner any persone need some driven trigger to move of to complete the given task, this fuel called motivation in psychological language...
strategy and
organisational performance in a particular company. The contribution of this study is that it upgrades the existing theory in
that it does not only establish a relationship between strategy and management control systems, but also considers how this
relationship...
Mathematical economics is the application of mathematical methods to represent economic theories and analyze problems posed in economics. It allows formulation and derivation of key relationships in a theory with clarity, generality, rigor, and simplicity. By convention, the applied methods refer to...
Visit to McDonald’s
1) There is a retail outlet of Mc Donald’s is suitable compared to a machine, which state car or washing machine. It is because car or washing machine is already programmed the ways to used it, same goes to Mc Donald’s. At first, washing machine is very much programmed....
CONFIDENTIAL
MC/APR2011/COM530
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
COMMUNICATION THEORY COM530 APRIL 2011 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. This question paper consists of three (3) parts : PART A (20 Questions) PART B (1 Question) PART C...
: Old School Optimal Capital Structure Theory:
1. Modigliani and Miller Theory (MM)
* Zero Taxes
* Corporate Taxes
* Corporate and Personal Taxes (Miller’s)
2. Trafe-off Theory – introduces bankruptcy cost into account
3. Signaling Theory – introduces manager inside information...
International finance
FIN 412
Exam #2
MC: Examples of "single-currency interest rate swap" and "cross-currency interest rate swap" are:
A. fixed-for-floating rate interest rate swap, where one counterparty exchanges the interest payments of a floating- rate debt obligations for fixed-rate interest...
diagram how a monopoly firm will make supernormal profits by restricting output. Discuss how the theory of contestable markets could impact on the price and output of a monopoly.
Neo-classical theory defines monopoly as a market structure where one dominant firm supplies most or all output in the...
repetition in these questions. This is also an excellent way to study, but it can be overused. The answers are provided. I anticipate about 40-50 MC questions, worth two points each; some T-F questions may be included.
The final will not be comprehensive. Yet, there is overlap in concepts and...
can set price above MC)
5. Each firm can either set its price or output (not other variables such as advertising)
These assumptions form the basis of both the Cournot and Bertrand oligopoly models. How each firm reacts to the other can be analysed using non corporative game theory which is based on...
of the other market structures is Perfect Competition (PC). The way that firms in perfect competition set the price of their products is through the MC=MR condition for profit maximization and at the same time marginal cost must be rising as well. In the short-run firms in a perfectly competitive market...
policy.
investment theory.
working capital management.
capital structure theory.
supply chain theory.
4. Professors Harry Markowitz and William Sharpe received their Nobel prize in
economics for their contributions to the
A.
B.
C.
D.
E.
options pricing model.
theories of working capital...
CHAPTER 6 THE THEORY OF COST
LECTURE OUTLINE 1 2 2.1 2.2 2.3 2.4 2.5 2.6 3 3.1 3.2 3.3 INTRODUCTION SHORT-RUN THEORY OF COST Distinction between fixed cost and variable cost Total cost Marginal cost Average cost Relationship between marginal cost and average cost Optimum capacity LONG-RUN THEORY OF COST...
decisions. This creates uncertainty in such markets - which economists seek to model through the use of game theory.
There are five better known models of oligopoly: cartels, price leadership, game theory, kinked demand curve, cost-plus.
A cartel is a group of companies acting in unison, such as OPEC. If...
Firm A and Firm B that are in line with the assumptions made above. Firm A charges a price PA while Firm B charges a price PB. If PA is greater than MC, then firm A will make a positive economic profit. However, the fact that both firms produce identical products makes the demand for the good perfectly...
a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis and correlation, Lagrangian calculus (linear)...