will maximize profit by producing that level of output at which A. the additional revenue from the last unit sold exceeds the additional cost of the last unit by the largest amount. B. the additional revenue from the last unit sold equals the additional cost of the last unit. C. total revenue exceeds total cost by the largest amount. D. total revenue equals total cost. E. both b and c 2. The function a decision maker seeks to maximize or minimize is the ________ function. A. optimal B. decision-making
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Economics Luis D. Maymí Romero University of Phoenix ECO/212 Prof. Mayra Malpica Rivera April 27‚ 2015 Economics There are four principals of decision making: People face trade-off The cost of something is what you give up to get it Rational people think at the margin People respond to incentives The first principle can be summarized with the following phrase “There’s never a free lunch” every time that you need something you have to give something in return. One example is an employee that needs
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Marketing Cluster May 9‚ 2012 Cardon Carpet Mills‚ Inc. Case Study The Cardon Carpet Mills Company is a carpet company that distributes its line through seven different floorcovering wholesalers around the United States. This company focuses on manufacturing a full line of medium to high priced carpet primarily used residentially. The senior executives‚ looking to integrate direct distribution and bypassing wholesalers‚ are seeking the best outlet for increasing profit. With increased pressure
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and make money. However‚ many people are against going to college for many reasons as well‚ one being the cost. Over the years‚ the costs of college has skyrocketed making many people believe that they are better without it. However‚ when college has many benefits that outweigh the costs‚ it is important to attend so that it can set you up for a better life in the future. College is worth its cost because it allows students to become more independent. Also‚ getting a higher education allows you to make
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in real GDP or GNP per capita over time. Economic growth is desirable for an economy as it increases its real national income and standards of living for its people in general. Although it is desirable‚ economic growth does have its benefits and costs. One benefit would be increased levels of consumption. Provided economic growth outstrips population growth‚ it will lead to higher real income per head. This can lead to higher levels of consumption of goods and services. With economic growth there
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What are the costs and benefits of Globalization? Shanee A. Stevens ECON220-FF4WW Professor John Edwards August 6‚ 2011 What are the costs and benefits of Globalization? Well I know that as we head into 2012 the American people are hoping the economy is turning around. With unemployment rates at their highest and the scarcity of jobs‚ it’s no wonder why the American people do not like their government right now. What was once the best place in the world to come and live the “American Dream”
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Lena Dimataris Professor Ennis MGT 150- Final Paper 6 May 2015 “The Cost-Benefit of Well Employees” This article makes a very valid point. When companies invest in computers they provide training to make sure the investment pays off‚ but don’t do the same for health care. Companies invest millions of dollars into healthcare. They should be doing things to ensure their employees are healthy. Everyone can always be healthier and providing the proper motivation can be very beneficial since employees
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Question 1: was infinity a good LBO candidate? On the basis of our analysis set forth below‚ we believe that Infinity Carpets was not a viable LBO candidate. We have answered this question analyzing the various criteria typically looked in a possible LBO scenario‚ where 1 means low risk and 10 means high risk. Criteria Rank Comments Cyclicality/volatility 7 Strong dependence on housing market even though good record during recession (p. 2‚ paragraph 4). Volatility due to exposure to a volatile
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A2 Macroeconomics / International Economy Costs and Benefits of Economic Growth The advantages and disadvantages of economic growth are fiercely debated by economists‚ environmentalists and other commentators. In this note we consider some of the economic and social costs and benefits from expanding levels of production and consumption. In particular we focus on the idea of sustainable growth. The Benefits of Economic Growth According to the UK government‚ ‘a healthy economy leads to higher
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The Cost versus the Benefits of Illegal Immigration Every year thousands of people choose to leave their home country and come to the United States to start a new life. They dream of freedom and endless possibilities that they would never have in their home countries. Unfortunately‚ there are those who chose to disregard the law and come to this country illegally. It is estimated that there are 20 million illegal immigrants in the U.S. today. Illegal immigration affects our country in many ways
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