Chari Managerial ECO 550 Due Feb 13.2013 Chapter 9: Problems 3‚ 4‚ and 5 Problem #3 Identifying the indirect fixed cost of the charter service service for a particular one of many such charters this month would be Problem #4 If one were trying to decide whether to operate or not to fly and unscheduled round trip charter flight‚ what would be the total direct fixed costs and variable costs of the flight? To get the total costs youd have to add up the guaranteed flights and the possible
Premium Costs Variable cost Fixed cost
Question: Consider the following short-run production function (where L = variable input‚ Q = output): Q = 10L – 0.5L2 Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. a. b. c. Determine the marginal revenue product function. Determine the marginal factor cost function. Determine the optimal value of L‚ given that the objective is to maximize profits. Question: The Blair Company’s three assembly
Premium Marginal cost Costs Economics
Since the period of study‚ I believe Americas working standards have greatly improved. Working conditions today are usually quite safe. The government has made laws saying that employers have to look after the workforce and provide safety equipment and other things for them. This improvement in the workforce started back as early as the 1800s where organizations such as the AFL ( American Federation of Labor) concentrated on improving work conditions‚ paying higher wages‚ and working shorter hours
Premium United States Employment Trade union
Playing the stock market is like gambling. Such speculative investing has no social value‚ other than the pleasure people get from this form of gambling. On the surface‚ this seems true. Folks are just buying and selling and hoping the difference will end up in their checkbook. They are not improving the lives of others‚ encouraging certain business practices‚ buying and using goods‚ or hiring and training workers. In fact‚ the businesses that they buy and sell may never matter to them and never
Premium Stock market Business Finance
Hsa 515 Write a 4-6 page paper based on your answers to the following questions. Utilize the Showalter textbook and at least two (2) other resources to support your answers. Identify and explain the four elements of proof necessary for a plaintiff to prove a negligence case. Explain how the standard of care can be proven. In the standard of care‚ there is a certain and prudent kind of way that all persons involved should behave in a given circumstances. The duty of due care requires them to be
Premium Tort law Tort Common law
supremacy. The Scarborough Shoal dispute somewhat poses itself as an argumentative testimony against the jurisdiction and power of the Law of the Seas; precisely because not all countries accustom the UNCLOS as their basis for territorial sovereignty and economic jurisdiction‚ possibly caused by the different sovereign beliefs each country possesses due to cultural and historical events that it has undergone. There is then a need to analyze the different bases for sovereignty of each country‚ prioritizing
Premium Spratly Islands South China Sea Philippines
concentration camp‚ it was a kill camp. They used these camps to kill nuisances‚ and people they did not like. Inside of this camp‚ they killed people in many ways. There were many different types of prisoners. And the prisoners thought the living conditions were worse than death. The Holocaust was a horrible time‚ and in a concentration camp like Auschwitz‚ it made it even worse. The punishments in this camp varied. The most common punishment was to take away the prisoner’s food. A more serious punishment
Premium Nazi Germany The Holocaust Adolf Hitler
Economics 515 Midterm 1 1. Economic growth vs. economic development‚ define extensive growth & intensive growth Economic growth is the sustained increase in the output of goods/services of a society. Economic development is economic growth plus changes in technical and institutional arrangements by with output are produced. Extensive growth- increase in output due to increase in inputs (labor force grows‚ land stock increases) Intensive growth- increase in output per unit of input –
Premium Domestication Economics Economic development
key information about trench warfare in world war one. All though it only shows me the German trench‚ I can still predict that British trench warfare is similar and therefore it is a useful source. Source a shows a British trench in July 1916‚ during the battle of the Somme. From the source‚ I can interpret that the soldiers are wearing hard helmets
Free World War I Trench warfare Chlorine
In the Human Condition‚ by Hannah Arendt‚ the fundamental qualities of human behavior are described and analyzed. These qualities are first expressed by discussing the different aspects of life for Athenian Greeks. Arendt describes the division between public and private life and how it should be applied in the modern American society as well. Technology and capitalism are blurring the lines of Arendt’s civic ideal between the public and private realms of society. Arendt refers to the three elements
Premium Psychology Meaning of life Philosophy of life