A budget surplus may create a temporary artificial prosperity. The short term effect is usually inflationary as the government sees surplus meaning the economy is more productive‚ thus can shoulder a higher tax burden when in actuality taxes should be lowered. The tax burden‚ allegedly imposed to cool the economy‚ tends to raise prices‚ thus increasing tax revenue‚ contributing to the continuance of the surplus until such time as prices cause consumers to spend less. While a surplus represents
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Tata’s Nano: A Small Car with Large Consumer Surplus? Ref. No.: ME0012 op y Tata’s Nano: A Small Car with Large Consumer Surplus? “Since‚ promise is a promise the standard dealer version will cost Rs 1 lakh‚”1 – Ratan Tata‚ Chairman‚ Tata Sons “We designed the Nano to offer a new form of transport to the people of India and maybe later‚ to the rest of the world.”2 – Ratan Tata‚ Chairman‚ Tata Sons “…if economists are to play their part in shaping the canons of economic policy
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drops and thus reducing income. CH-22.EX-7 Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. a. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost
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Identify the steps that Derick should take to solve his problem. Derick should firstly identify the factors that this organic process would entail. He has to ensure that whatever adjustments in the supply chain strategy he will implement should drive and support the business strategy as a well designed supply chain can provide competitive advantage. In order to continue leveraging the competition and maintain the same path of gaining costs reductions and compete on a cost productivity advantage
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Assignment: Fixed and Variable Costs‚ Break-Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their
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Random Variable and Its Probability distribution “A random variable is a variable hat assumes numerical values associated with the random outcome of an experiment‚ where one (and only one) numerical value is assigned to each sample point”. “A random variable is a numerical measure of the outcome from a probability experiment‚ so its value is determined by chance. Random variables are denoted using letters such as X‚Y‚Z”. X = number of heads when the experiment is flipping a coin 20 times. There
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Most Improved Club Essay Compared to the beginning of the term‚ Enochs Key Club has become an exceptionally active club due to the hard work of all of its members‚ officers‚ and advisors. Last term‚ our club was known to be one of the inactive clubs of the division. We had a mere total of 157 service hours‚ raised $0 for charity or the club itself‚ had little to no meetings‚ officers who did not fulfill their duties‚ almost no active or interested members‚ an uncompleted club roster‚ MRP‚ and service
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In this document I am going to explain the definition of cost and the difference between absorption costing vs. variable costing‚ and also if overproducing is an ethical practice or not. Also I will be showing some calculations and data to explain a get a better idea of this entire situation and how we can resolve some problems in management accountant. Cost is the monetary value of goods and services expended to obtain current or future benefits. The way that a cost will be used defines the way
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variable The variable is the important aspects of the research. In research the concept are measure from variable. Variable are anythings that can take on differing or varing values. it mean that the value of variable vary from person to person‚ time to time or place to place but the meaning of variable are same to all. Thus variable are the charactestics of person‚ groups‚ objects‚ ideas‚ feeling or other thing that researcher want to measure. Variables are thus anything that can take on differing
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costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Mixed costs or semi-variable costs have
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