how scarcity‚ choice and opportunity cost are relevant when choosing amongst alternatives? 2. Define the concept of “opportunity cost” and discuss various examples. 3. Explain how the concept of opportunity cost may be used to explain the following: a) Why very few petrol stations are found in the centre of large cities. b) Why it might be worthwhile for a company to contract out work even though contracting out may involve a higher monetary cost. c) Why tourists pay higher prices
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The members who have entered the 4 Percent Group system can withdraw their participation at any given time‚ but they can still have access on the information they have given prior the cancellation. Gaining access to the educational trainings‚ webinars and skills can give the members and their companies an edge on building a firm basis for their websites that can direct them to their triumph and well-deserved earnings. Gaining admission to the 4 Percent program or platform can also provide the members
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Renewables contributed 19 percent to our energy consumption and 22 percent to our electricity generation in 2012 and 2013‚ respectively. Both‚ modern renewables‚ such as hydro‚ wind‚ solar and biofuels‚ as well as traditional biomass‚ contributed in about equal parts to the global energy supply. Worldwide investments in renewable technologies amounted to more than US$ 214 billion in 2013‚ with countries like China and the United States heavily investing in wind‚ hydro‚ solar and biofuels. Renewable
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(grams) = 7.14 (grams) NaCl (After the evaporation of water) 5. Determine the percent yield of NaCl in your experiment‚ showing all work neatly in the space below. (5 points) Actual yield ÷ Theoretical yield 7.17 (grams) ÷ 8.8420 (grams) = 81% Yield 6. If you had not heated the product long enough to remove all of the water‚ explain in detail how that would have specifically affected your calculated actual yield and percent yield. (5 points) If the product was not heated long enough (or not heated
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Marginal Costs and Benefits Marginal analysis is a technique used in microeconomics by which very small changes in specific variables are studied in terms of the effect on related variables and the system as a whole. Marginal costs and benefits are a vital part of economics because they help to provide the relevant measurement of costs and benefits at a specific level of production and consumption (McCain‚ 2008). This is the reason why I’ve chosen this topic for my paper. We use economics
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AVERAGE COST OF CAPITAL FOR DELL COMPUTER 1) From the SEC website‚ the balance sheet of Dell Computer reveals a Book value of debt = $3‚394‚000‚000 and Book value of equity = $4‚625‚000‚000 The same balance shows the breakdown of the long-term debt (book values) in table 1. Table 1 Coupon Rate (%) Maturity Book Value (Face Value in million $) 3.38 06/15/2012 400 4.70 04/15/2013 599 5.63 04/15/2014 500 5.65 04/15/2018 499 5.88 06/15/2019 600 7.10 04/15/2028 396 6.50 04/15/2038
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market power. Apply the quantity and price affects on revenue of any movement along a demand curve. Find the profit maximizing quantity and price of a single-price monopolist. Compute deadweight loss from a single-price monopolist. Compute marginal revenue. Define the efficiency of P = MC. Find the profit-maximizing quantity and price of a perfect-price-discriminating monopolist. Find the profit-maximizing quantity and price of an imperfect-price-discriminating monopolist. Question: Each
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The preparation of income tax returns overseas‚ outsourcing‚ raises many significant ethical issues. Reports of the scope and size of the outsourcing market vary greatly‚ but the largest outsourcing companies claim that thousands of returns were processed during the 2006 tax season. Estimates for the 2007 season indicate the total may now be well into the hundreds of thousands. Outsource Partners International (OPI) reports preparing 10‚000 U.S. tax returns last year. SurePrep claims to have processed
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What is cost of capital? The cost of capital is the cost of obtaining funds‚ through debt or equity‚ in order to finance an investment. It is used to evaluate new projects of a company‚ as it is the minimum return that investors expect for providing capital to the company‚ thus setting a benchmark that a new project has to meet. Importance The concept of cost of capital is a major standard for comparison used in finance decisions. Acceptance or rejection of an investment project depends on the
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demand with respect to the foreign automobiles is 1.5. The current volume of sales for U. S. manufactured automobiles is 10 million per year. It is expected that over the next year the average income of the consumers in the U.S. will increase by 2.5 percent. It has been determined that the price of the foreign imports will increase by 6% over the next year. By how much should the U.S. automakers adjust the price of their automobiles if they wish to increase the volume of their sales by 9.2% next year
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