Marketing by Numbers Exercise Set One 1.1 Sanborn‚ a manufacturer of electric roof vents‚ realizes a cost of $55 for every unit it produces. Its total fixed costs equal $2 million. If the company manufactures 500‚000 units compute the following: a) unit cost unit cost = variable cost + fixed cost/unit sales x = $55 + $2‚000‚000/500‚000 = $59 unit cost b) markup price if the company desires a 10% return on sales unit cost/(1 – desired return on sales) $59/(1 - .10) = $65.56 c)
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Question: What is the Best Economic System? Economic systems have formal and informal rules that help regulate a society. They also determine what to produce‚ how to produce and how to distribute goods and services. Each system’s priorities are to promote economic progress and maintain the economic stability. There are 4 types which consist of: Traditional‚ Market‚ Command and Mixed. I believe the best option would be the Mixed-Market economic system. It not only has economic institutions but
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6.2a The objective of this problem is to found the price charged by Peter. Firstly‚ the below table illustrate all P‚ TR‚ TC‚ MR and MC when there is different Number of member served (Q). No. of member served (Q) Price per member(P) Total revenue (TR) Total cost (TC) Profit Marginal revenue (MR) Marginal cost (MC) 1 400 400 190 210 400 190 2 380 760 380 380 360 190 3 360 1080 570 510 320 190 4 340 1360 760 600 280 190 5 320 1600 950 650 240
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Best economic system You could make arguments for any of these but I think history has show us pretty clearly that mixed types that lean heavily toward capitalism are Superior at creating wealth for its people. By the way this is a bit of a trick because all economic systems are mixed. For example‚ in America‚ a "capitalist country" our education system is pure socialism--That’s why it doesn’t work like it should. So you might come to the conclusion that if we made a country that were pure capitalism
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One of the fortune 500 companies in our society is Best Buy. Best Buy is one of the largest consumer electronics retailer company in the United States and Canada. There are many products Best Buy distributes‚ such as; computers‚ computer equipment‚ video and audio products‚ refrigerators‚ coffeemakers‚ compact discs‚ video games‚ DVD and VHS movies and players‚ CD’s‚ computer software‚ cameras‚ cell phones‚ and satellite systems and so on. In addition‚ their customer service is very helpful and has
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1/8/2010 What is the Best System: The Economic System Research Paper Our culture‚ ideas‚ and beliefs all come from economics. Many people don’t realize it‚ but the way our society functions depends solely on its economic system. One may ask‚ what is an economic system? And how could it possibly dictate most‚ if not all‚ aspects of life? Simply put‚ an economic system is the way in which society produces and distributes goods and services to consumers. In modern times‚ a nation’s economic system is determined
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Ethical Systems: Which is Best? PHI 200 Mind and Machine Instructor Lisa Linkin February 4‚ 2013 * Ethical Systems: Which is Best? Good‚ bad‚ right‚ wrong…how do we know? Ethics is the study of how we determine what is right or wrong‚ good or bad (Mosser‚ 2010). While there are many ethical views‚ I focused on the three classical approaches for this paper. Utilitarianism states when given a choice between two acts‚ the one that creates the greater happiness for the greatest number of people is
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Econ 136: Financial Economics Problem Set #1 Due Date: September 11‚ 2014 1. The return profile and risk of the S&P 500. In this exercise you will reproduce the graphs presented in class. The goal of this exercise is (i) to expand your datahandling skills‚ (ii) test your understanding of basic probability concepts using real data and (iii) develop an appreciation for the use of replicating a result to ensure that you understand it. Go to Yahoo Finance (finance.yahoo.com) and search for the ticker
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total implicit costs of running the variety store. b. What is the accounting profit of the variety store? c. What is the economic profit? d. In what way is economic profit superior to accounting profit as an indicator of the overall performance of this business? Given the advantages of economic profit as a performance indictor‚ explain why the concept of economic profit is not often used in accounting. e. Should Rodriguez consider closing down this business? Why? Answers A)
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FHMM1014 Mathematics I Chapter 1 Number and Set FHMM1014 Mathematics I 1 Content 1.1 Real Numbers System. 1.2 Indices and Logarithm 1.3 Complex Numbers 1.4 Set FHMM1014 Mathematics I 2 1.1 Real Numbers FHMM1014 Mathematics I 3 Real Numbers • Let’s review the types of numbers that make up the real number system. FHMM1014 Mathematics I 4 Real Numbers i). Natural numbers (also called positive integers). N = {1‚ 2‚ 3‚…..} ii). Integers. Natural numbers‚ their negatives and zero. Z = {……
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