business and how the new equipment will help the business to function and the cost of the product will determine what the managers of the business decides. Marginal costs are change in total costs divided by change in output. Marginal revenue is the change in total revenue divided by change in output. Increase in fixed costs means that when the fixed costs cannot be changed it is the short run and when the fixed costs change it is the long run. The second questions that I chose to answer was
Premium Marginal cost Costs Variable cost
“The consequences of behavior determine the probability that the behavior will occur again” - B.F. Skinner. This theme is proven time and time again as Skinner tested his theories with a wide range of subjects. Famous for his research in operant conditioning‚ Skinner developed a machine designed to show the responses of his tests as a sloped line. Using this device‚ Skinner discovered that behavior was not dependent upon the preceding action but rather was heavily influenced by the response after
Premium B. F. Skinner Psychology Behaviorism
Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
Premium Variable cost Costs Fixed cost
budgets. 3. The costs of direct materials are classified as: A. Choice A B. Choice B C. Choice C D. Choice D 4. The three basic elements of manufacturing cost are direct materials‚ direct labor‚ and: A. cost of goods manufactured. B. cost of goods sold. C. work in process. D. manufacturing overhead. 5. 25. Prime cost consists of direct materials combined with: A. direct labor. B. manufacturing overhead. C. indirect materials. D. cost of goods manufactured.
Premium Variable cost Fixed cost Costs
activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10 $375‚000 Pool No. 3 (Driver: NS) 2‚000 18‚000 $20‚000 1. The overhead cost allocated to Alpha by using traditional costing procedures
Premium Costs Variable cost Management accounting
Managing Classroom Behavior Managing classroom behavior can be a difficult task‚ especially if you have a child who is always causing disturbances. Once you have identified that there is a problem‚ you should ask yourself six simple questions. The first question asked is whether the problem is a result of inappropriate curriculum or teaching strategies. As teachers we have a tendency to overlook the fact that what and how we teach can contribute directly to our students behavioral problems
Premium Education Psychology Teacher
COMMENTARY Asymmetric Paternalism to Improve Health Behaviors George Loewenstein‚ PhD Troyen Brennan‚ MD‚ JD‚ MPH Kevin G. Volpp‚ MD‚ PhD ease burden faced by society. Many major health problems in the United States and other developed nations‚ such as lung cancer‚ hypertension‚ and diabetes‚ are exacerbated by unhealthy behaviors. Modifiable behaviors such as tobacco use‚ overeating‚ and alcohol abuse account for nearly one-third of all deaths in the United States.1‚2 Moreover‚ realizing
Premium Health care Public health Health
There is no question business management must value organizational behavior. An organization is made up of people. People and their behaviors determine the direction of the organization. As mentioned in the reading ‚ “ Understanding‚ predicting and management of human behavior in organizations” (Luthans‚ 2011) is so important because it is the driver of sales production‚ profitability and overall performance of the organization. Fundamentally‚ the bottom line of any organization rests on the overall
Premium Organization Motivation Management
putting cutting edge music and large camapaign to give the IPOD credibility w/ less informed people through huge campaign. Pricing Policy – Pricing involve the art of managing expectations of customers & employees to encourage more profitable behaviors. Ex. Gillete offering “one time price” discounts to delivery by end of quarter. Slowed orders and
Premium Marketing Cost Price
10/12/04 4:49 PM Page 259 8 C H A P T E R COST CURVES 8.1 LONG-RUN COST CURVES APPLICATION 8.1 The Long Run Cost of Trucking APPLICATION 8.2 The Costs of Higher Education APPLICATION 8.3 Economies of Scale in Refining Alumina? APPLICATION 8.4 Hospitals Are Businesses Too APPLICATION 8.5 Tracking Railroad Costs APPLICATION 8.6 Economies of Scope for the 8.2 S H O RT- R U N C O ST C U RV E S 8.3 SPECIAL TOPICS IN COST Swoosh Experience Reduces Costs of Computer Chips APPLICATION 8.7 8.4
Premium Marginal cost Economics of production Costs