EGT1 Economics & Global Business Applications (V1 UG 0213)-PA Name: Christopher Talag Student Number: 274350 Task 1: A. Explain profit maximization from the following approaches: Profit maximization can be explained according to the following approaches according to McConnell (2012): 1. Total revenue to total cost - profit maximization is achieved when the difference of the total revenue minus the total cost is at the highest point. 2. Marginal revenue to marginal cost - means that profit
Premium Economics Microeconomics Marginal cost
Discuss the practical application of Price elasticity and Income elasticity of demand. Practical application of price elasticity of demand is as follows: • Production planning - It helps the producer to decide about the volume of production. If the demand for his products is inelastic‚ specific quantities can be produced while he has to produce different quantities if the demand is elastic. • Helps in fixing the prices of different goods - It helps a producer to fix his price of his product
Premium Supply and demand Price elasticity of demand Elasticity
MM2422 Managing Business Information Systems and Applications Chiu Tang Fung 13086292D Individual Essay Use of social media in businesses and its impact on work-related outcomes According to Ahlqvis et al. (2010)‚ Social media is the social interaction among people in which they create‚ share or exchange information and ideas in virtual communities and networks. Since from the past few decades‚ mobile and computer technology has rapidly developed. In our daily lives nowadays‚ we can easily observe
Premium Corporation Communication Cloud computing
a. If a stock is expected to pay an annual dividend of $20 forever‚ what is the approximate present value of the stock‚ given that the discount rate is 5%? b. If a stock is expected to pay an annual dividend of $20 forever‚ what is the approximate present value of the stock‚ given that the discount rate is 8%? c. If a stock is expected to pay an annual dividend of $20 this year‚ what is the approximate present value of the stock‚ given that the discount rate is 8% and dividends are
Premium Supply and demand
the private or either the non-profit sector by giving the merits and the demerits of each of them. Key Words Public Service is a service provided by government or local government. Private Service provider is a private service provided by private business. Example rail transport is now privately run in most countries with an exception of a few like Zambia. Public sector Public Services are organisations that are directly run by the National or Local Government. An example of a Public Service include
Premium Private sector Government Public sector
APPLICATION OF COMPUTERS Computer technology has made several important impacts on our society. Today computer is playing very important role in every field of life. Many activities in daily life can be performed very easily and quickly. A lot of time is saved and overall cost is reduced to solve a particular problem. Many fields where computer are widely used 1- Business Today‚ in global markets‚ it is impossible to run the business without the use of computer technology. Many business
Premium Computer Personal computer Computing
ITM UNIVERSITY ECONOMICS DETERMINANTS OF DEMAND SUBMITTED TO: Miss. Surti Dahuja SUBMITTED BY : SHUMYLA KHAN‚ KINNI KANSANA‚ SAGAR VYAS‚ Shibu lijack DEMAND “Demand for a commodity refers to the quantity of the commodity which an individual consumer or a household is willing to purchase per unit of time at a particular price”. Demand for a commodity implies – a) Desire of the consumer to buy the product‚ b) His willingness to buy the product‚ and c) Sufficient purchasing power in his pocket
Premium Supply and demand
The Business Cycle is “the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time.” (Market Economy) These fluctuations are due to supply and demand‚ availability of capital‚ consumer confidence‚ and other factors. Within the Business Cycle are four stages that describe the cycle. The four stages are expansion‚ peak‚ recession and trough. The expansion stage is the phase a business initially enters when coming into the market. This stage demand
Premium Economics Supply and demand Business cycle
The strict application of Natural Law goes against common sense Natural law is a theory that if we use reason‚ we can apply an eternal and absolute moral law. Aquinas believed that the application of this law can help us discover our purpose and achieve it while producing a perfect world. However there are those who believe that natural law can often create controversy and defy common sense. An advantage of Natural Law is how easy it can be made universal for all. It can be used as a universal
Premium Natural law Law Metaphysics
Test: Business Intelligence Applications PreSales Specialist Assessment Star (*) indicates the correct answer. Business Intelligence Applications PreSales Specialist Testbank (Bu bölümdeki tüm sorularý yanýtlayýn) 1. For which of the following types of business cases would you most likely need the highest level of executive sponsorship? Görüþ Bildirmek Üzere Ýþaretle (1) Puan Transformational (*) Efficiency IT Alignment Effectiveness
Premium Business intelligence