Benedictine University Managerial Economics Individual Work-1 Unit Tutor: Char Lee Racine Student name：Gu Haizhen (Vivian) Date of issue: September 6‚ 2010 Date of submission: September 13‚ 2010 Contents I. 3 II. 4 III. 7 VI. 9 Technical problems I. During a year of operation‚ a firm collects $175‚000 in revenue and spends $80‚000 on raw materials‚ labor expense‚ utilities‚ and rent. The owners of the
Premium Costs Economic cost Income statement
______ 1. In a competitive market‚ the market demand is Qd = 60 - 6P and the market supply is Qs = 4P. A price ceiling of $3 will result in a A. B. C. D. shortage of 30 units. shortage of 15 units. surplus of 30 units. surplus of 12 units. 2. In a competitive market‚ the market demand is Qd = 60 - 6P and the market supply is Qs = 4P. The full economic price under a price ceiling of $3 is A. B. C. D. 6. 7. 8. 9. 3. The buyer side of the market is known as the: A. B. C. D. income
Premium Supply and demand
Table of Contents Executive Summary2 Background3 Objective3 Results Obtained4 Recommendation4 Rationale5 Managerial Report6 Appendix11 Executive Summary background Darby Company manufactures and distributes meters used to measure electric power consumption. The company has production plants in El Paso‚ Texas and San Bernardino‚ California. The company also has three distribution centers in Fort Worth‚ Texas; Santa Fe‚ New Mexico; and Las Vegas‚ Nevada. The company has nine customer
Premium Supply and demand Costs
ASSIGNMENT BMMF5103 MANAGERIAL FINANCE 15 July 2013 QUESTION 1 a) Maximizing shareholder wealth is a “moral imperative” for financial manager means managers are supposed to work for shareholders who are the actual owners of a company or corporation. Shareholders elect company directors who in turn hire managers to run the company on day to day basis with the view to make profit for the company. Managers are paid for their services rendered to
Premium Financial ratios
Managerial Finance – Problem Review Set – Dividends Policy 1) If a firm adopts a residual distribution policy‚ distributions are determined as a residual after funding the capital budget. Therefore‚ the better the firm’s investment opportunities‚ the lower its payout ratio should be. a. True b. False 2) Even if a stock split has no information content‚ and even if the dividend per share adjusted for the split is not increased‚ there can still be a real benefit (i.e.‚ a higher value
Premium Stock Stock market Corporate finance
Self Appraisal Paper (2500 words) The negotiations class was an insightful experience. It helped me attain a better understanding of my strengths and weaknesses both personally and professionally. It helped put into perspective a lot of my theoretical analysis conducted on group dynamics and‚ most importantly‚ has helped me become a more effective negotiator. My goal with this paper is to communicate the evolution of my negotiation skills during the progression of the course. As a negotiator
Premium Negotiation Dispute resolution
Activity 2 - Your work role a) Contract is in accordance with the terms of the "Employment Rights Act 1996" there is a probationary period of 6 months in which performance and conduct are monitored. The current status of residential support worker is a role that has access to vulnerable children and young adults and it is a requirement that an enhanced disclosure to be obtained under the "rehabilitation of offenders act 1974" should at any time ‚ an employee be subject to convictions or
Free Employment Time
of aviation‚ most notably the bomber. One of the most iconic bombers of World War II was the B-17 Flying Fortress. This paper will explain what brought about the development of the B-17 and its inception‚ as well as the B-17’s role in combat and supporting ground troops. Lastly‚ discussed are the Memphis Belle and Old 666‚ two notable B-17’s from World War II. History of the B-17 Following the
Premium World War II United States Army Air Forces United States
is inelastic and a lower price is charged if the demand for the product is elastic. Thus‚ the price-increase policy is to be followed if the demand is inelastic in the market and the price-decrease policy is to be followed if the demand is elastic. 2) Poverty in the midst of plenty: Inelastic demand for agricultural products helps to explain why bumper crops or rice or wheat depress the prices and total revenues for farmers. 3) Helps in fixing the rate of taxes: Governments look at elasticity
Premium Supply and demand Price elasticity of demand Elasticity
Complete Discussion Questions 3‚ 4‚ and 5 on page 27 of Business and Society. 3. Identify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a vital reality? Affluence refers to the level of wealth‚ and standard of living of the society. As the standard of living is increasing every year‚ people
Premium Social responsibility Corporate social responsibility Ethics