Why Are Cost‚ Revenue & Profit Important? Cost‚ revenue and profit are the three most important factors in determining the success of your business. A business can have high revenue‚ but if the costs are higher‚ it will show no profit and is destined to go out of business when available capital runs out. Managing costs and revenue to maximize profit is key for any entrepreneur. Definition of Terms Revenue is the same as total income for a business and measures all money taken in through
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Coal is an un-renewable fossil fuel which is known as a cheap and reliable energy source. It has many environmental impacts‚ both positive and negative. Coal has a great economical effect providing thousands of people with jobs‚ and harmfully leaving individuals with un-producible land. It has a social impact negatively when people live near coal mines. Coal is a flammable‚ mostly black rock‚ which has been located in 50 different countries around the world. Coal is known as a fossil fuel because
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is $ 20‚000. Ajax has the following short-run cost curve: TC = 800‚000 - 5‚000Q + 100Q^2 a) Compute the marginal cost curve for Ajax answer: Marginal Cost (MC) = dTC/dQ Since the derivative of a constant = 0‚ MC = -5‚000 + 200Q b) Given Ajax pricing strategy‚ what is the marginal revenue function for Ajax? Since Ajax is pricing as if it were a perfectly competitive firm‚ then‚ it’s price would equal its marginal revenue‚ thus: P = MR = $20‚000 c) Compute the profit
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Page 1 of 4 Sample Academic Reading A: Questions Sample Academic Reading A: Questions You should spend about 20 minutes on Questions 1-13‚ which are based on Reading Passage 1 on pages 2 and 3. Questions 1 – 7 Reading Passage 1 has seven sections‚ A-G. Choose the correct heading for each section from the list of headings below. Write the correct number‚ i-x‚ in boxes 1-7 on your answer sheet. List of Headings i ii iii iv v vi vii viii ix x 1 Section A 2 Section
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situation is caused by garbage from industrial zones‚ car exhaust and large population. The purpose of this essay is to analyze these three main causes of pollution in HCM city. The first and immediate cause of pollution in HCM city is the waste from industrial zones. There’re so much industrial zones that make the water dirty‚ make the air polluted with foul odor. For example‚ almost rivers in HCM city are being polluted‚ a black covers all these rivers. Although the Government has some solutions
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Written Culture Paper NURS402‚ November 10‚ 2013 Malone University School of Nursing and Health Science Appalachian Culture The second largest mountain site in America is the Appalachian Mountains that extend from the tip of Canada to the northern half of Alabama that runs for over fifteen hundred miles. These mountains are divided up into three regions‚ the Blue Ridge‚ the Great Valley‚ and the Ridge-and-Valley Province. There are people that lives up in these regions and help take care
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. . . . . . . . . . . . . . . . . . . . . 16 THE PROPOSAL An Investigation into Easy Jet airlines customer satisfaction‚ as a result of their strategic low cost carrier business model‚ of implementing budget pricing and ancillary services to increase profitability and market competitiveness. 1. INTRODUCTION 1.1 AIRLINE CUSTOMER SATISFACTION "Being on par in terms of price and quality only gets you into the game. Service
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Air pollution is a huge problem in North Carolina. We know this is a problem because “in 2012‚ North Carolina ranked 8th in the country for our high levels of toxic air pollution from coal-fired power plants” (“NC’s Air Quality”). Besides coal-fired power plants‚ transportation‚ paper mills‚ and industrial facilities also play a part in our air pollution (“NC’s Air Quality”). “North Carolina was a leader in protecting public health by establishing air toxics rules in the early 1980’s prior to federal
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relationship between the average cost and marginal cost curve? Answer: We usually assume that the Average Cost curve is U shaped The MC curve will intercept the AC curves at its minimum point. When AC is decreasing‚ MC lies below AC - because when MC is below AC‚ producing an extra unit of output will pull down average cots When AC is increasing‚ MC lies above AC - because when MC is above AC‚ producing an extra unit of output will raise average costs Therefore MC will intercept the AC curve at
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Air pollution Name: Sean Lim Class: 1E HAZE IN MALAYSIA KUALA LUMPUR — The haze situation in Malaysia has improved significantly as air pollutant index (API) levels drop in Port Klang and in other areas in Selangor as well as in Perak. The highest API for the 7am reading today (June 26) is 148 at Nilai in Negeri Sembilan. Port Klang’s API dropped from the hazardous levels of 487 yesterday to 140 this morning. Meanwhile‚ Kuala Lumpur’s API reading stands at 100
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