accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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CONTENTS Introduction Objective Electromagnetic Spectrum Microwave region Why wireless charging using microwaves Principle and operation Transmitter Design Receiver Design Process of Rectification Advantages and Disadvantages Future Scope Conclusion Bibliography INTRODUCTION With mobile phones becoming a basic part of life‚the recharging of mobile phone batteries hasalways been a problem. The mobile phones vary in their talk time andbattery
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currently considered the leader in delivering broadband and other wireline and wireless communication innovations to mass market‚ business‚ government and wholesale customers. The corporation was formed on June 30‚ 2000‚ with the merger of Bell Atlantic Corp and GTE Corp and began trading on the New York Stock Exchange on July 3‚ 2000 under the VZ symbol. Verizon Wireless’ motto is that they operate “America’s most reliable wireless network”. They currently have nearly 66 million customers nationwide. Verizon’s
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(UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers : 1. Cost
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Consumer Herding Behaviours in the Hotel Industry Traditional Word-of-Mouth has been recognized as an effective marketing tool that has a significant impact on customer behaviour. Nowadays‚ the emergence of the Internet means consumers are now creating and spreading marketing information‚ easier than before internet existence. Providers and consumers have become highly connected with the Internet environment. The purpose of this study is to find out the way consumer make decisions are influenced
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vibrant Wireless Power Transmission (WPT) markets will involve the contactless charging of portable and mobile equipment‚ in particular consumer electronics and electric vehicles. Today‚ development teams worldwide are stretching the boundaries of physics using available components to create systems that are able to compete with the efficiencies of wired solutions while offering the conveniences of wire free connections. In the 1890’s famous scientist and engineer Nikola Tesla dreamt of wireless transfer
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Wireless communication protocols have evolved rapidly since the introduction of 802.11 Legacy over a decade ago. Over the last 10 years we have seen efficiency and performance increases on all fronts‚ which have lead to greater range and faster transfer speeds. With Legacy 802.11 protocols‚ speeds maxed out at around 2 Mbits/sec and indoor range was only about 20 meters. In 1999‚ the 802.11 protocol got a couple of amendments in the form of 802.11a and 802.11b. Both offered higher speeds and slightly
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Chapter 1 Read chapter 1 (“What is Organizational Behavior”) in your e-text‚ answer these questions‚ and watch the chapter 1 quiz video for course mentor clarification. 1) Johanna Reid‚ a campaign manager at a child rights organization‚ recently started working on an illiteracy project. During the project‚ she needs to motivate team members to attain their project milestones and direct them through different phases of the project. Which of the following kinds of functions will these tasks be covered
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Marketing Plan for Verizon Wireless Customer Loyalty Program Business Mission: To provide the best quality of wireless and customer services in today’s market of wireless communications. Marketing Objective: To decrease the monthly customer churn rate to less than 1%‚ therefore ensuring Verizon Wireless will continue to lead the competition in customer loyalty. Executive Summary: Cellular communications is such a large aspect of today’s industries‚ and with the number of consumers already
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