The demand for your firm’s product is P = 78 - 15Q‚ where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 3Q1 and MC2 = 2Q2. How much output should be produced in plant 1 in order to maximize profits? A. 1 B. 2 C. 3 D. 4 2. You are the manager of a firm that produces output in two plants. The demand for your firm’s product is P = 78 - 15Q‚ where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 3Q1 and MC2 = 2Q2. What price
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The relevance of Shakespeare is‚ in my opinion‚ unquestionable‚ even in contemporary times. Not only is his contribution to the English language immense in its proportions‚ but also enduring. Even today‚ William Shakespeare is a household name the world over. He is quite literally‚ the figure-head of English literature‚ even to the average layman. Innumerable versions of his immortal works are seen again and again in our films‚ plays and even our writing. His simple yet deep concepts have stood the
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Reliability and Validity Reliability and Validity are important aspects of research in the human services field. Without reliability and validity researchers results would be useless. This paper will define the types of reliability and validity and give examples of each. Examples of a data collection method and data collection instruments used in human services and managerial research will be given. This paper will look into why it is important to ensure that these data collection methods and
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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1. award: 7 out of 7.00 points TF Qu. 1 Activity-based costing involves a two-stage ... Activity-based costing involves a two-stage allocation process in which overhead costs are first assigned to departments and then to jobs on the basis of direct labor-hours. True False True / False Difficulty: Medium TF Qu. 1 Activity-based costing involves a two-stage ... Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing
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Is psychology of any relevance to business administrators or managers? If yes justify your answer and if no justify your answer. Yes‚ psychology is of relevance to business administrators or managers. Psychology was coined in the 16th century from 2 Greek words. Psukhe/psyche which means “breath” or “soul” and logos which means “word” or “reason” and its initial meaning was “study of the soul”. Later the definition changed to “science of mental life” when it became a science in 1879. Also
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Southwest Airline Co. and Cost Accounting Southwest Airline Co. is a major passenger airline that provides scheduled air transportation in the United States. Southwest provides point-to-point service which allows the use of key assets‚ including aircrafts‚ gates‚ employees‚ and the ability to provide frequent‚ conveniently- timed flights and low fares. Southwest Airlines has built its culture from the inside out and believes that the satisfied employees will keep customers coming back. Southwest
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Quality Cost 1 Quality is defined from the customer´s point of view l Performance l Performance or the primary operating characteristics of a product or service. Example: For a car‚ it is speed‚ handling‚ and acceleration. For a restaurant‚ it is good food. l Features l Features or the secondary characteristics of a product or service. Example: For a TV‚ it is an automatic tuner. For a restaurant‚ it is linen table cloths and napkins . l Reliability l Reliability
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accurate and trustworthy source. To check the reliability of the information would be to check the source of the information for example if it originates from a government website it is more reliable than pages like
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Software reliability modeling has‚ surprisingly to many‚ been around since the early 1970s with the pioneering works of Jelinski and Moranda‚ Shooman‚ and Coutinho. The theory behind software reliability is presented‚ and some of the major models that have appeared in the literature from both historical and applications perspectives are described. Emerging techniques for software reliability research field are also included. The following four key components in software reliability theory and modeling:
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