Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are working as an analyst for a service industry firm (e.g., hospital, financial consulting/bank, marketing, research, and development...etc.) where employees have multiple tasks, unlike their counterparts in manufacturing. For example, an assembly line worker has a specific task all day while a nurse has multiple tasks during a given day. You like to know the marginal cost of doing business and whether it is rising and eating into profitability or marginal cost is falling and adding to profit margin. This task is difficult since it is not practical to measure each activity that an employee performs and the resource cost associated with it. However, you have data for total cost and total revenue (total revenue is Price x Quantity. It can be used as a proxy for the output of the business - for example, in the case of hospital services, the total revenue generated providing patient care). Educate yourself on the relation between Average and Marginal values in general (e.g., what happens to the average grade for the class if a new student - marginal - is added to the class with above-average grade OR what happens to the average weight of an exercise group, when a new member joins the group with a lower weight). Use this principle to explain if the only data you have available are total costs and total revenue to determine if the firm is profitable or losing money.
The company Three, SRL, sells three different products and sets the sales value for every product at 1.5 of their respective variable costs.
The ability to identify a relationship between effort and performance improvement - determine a performance threshold at which a firm should consider redistributing resources into emerging technologies; and
What impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run? How will expansionary monetary policy affect these factors in the long run? Explain.
Difficult concept or formula you have encountered, as well as what made it so and the possible impact of an economist not understanding that concept or formula at all.
Prepare a recommendation for each company. Should your recommendations be the same for both companies? If not, what are the differences?
A company cost curves are listed in the following table. Assume market price is $30. calculate the firm's Total Variable Cost, Average Variable Cost.
Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.
Research one of the stories and discuss how motivation influenced people to make such terrible decisions. Had exponential discounting played a part in the decision(s) that you had researched. If so, how?
What is the impact on balance of trade in question (d)? Draw the aggregate expenditure (AE) curve and indicate the equilibrium value.
Refer to the budget line shown in the diagram above. If the consumer's money income is $20, which of the following combinations of goods is unattainable?
Do you think your business should vertically integrate over time? Should you engage in backwards vertical integration, forward vertical integration
You are given the following information on long run cost function, Compute the long run average cost and marginal cost.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd