Q = 10L – 0.5L2 Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. a. b. c. Determine the marginal revenue product function. Determine the marginal factor cost function. Determine the optimal value of L‚ given that the objective is to maximize profits. Question: The Blair Company’s three assembly plants are located in California‚ Georgia‚ and New Jersey. Previously‚ the company purchased a major
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changes in early 1990s. The new economic reform‚ popularly known as‚ Liberalization‚ Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector‚ trade as well as financial sector aimed at making the economy more efficient. With the onset of reforms to liberalize the Indian economy in July of 1991‚ a new chapter has dawned for India and her billion plus population
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International Conference on Law‚ Humanities and Management (ICLHM’2012) July 15-16‚ 2012 Singapore Goods and Services Tax – A Roadmap for India Sarkar Subhrangshu Sekhar Over the years‚ tax policy in the country has evolved in response to the development strategy and its changes. In the initial years‚ the tax policy was directed to increase the level of savings‚ transfer available savings for investment as envisaged by plan strategy and the need to ensure a fair distribution of incomes‚ to correct
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Urbanisation in India Urbanisation in India was mainly caused after independence‚ due to adoption of mixed system of economy by the country which gave rise to the development of private sector. Urbanisation is taking place at a faster rate in India. Population residing in urban areas in India‚ according to 1901 census‚ was 11.4%.[1] This count increased to 28.53% according to 2001 census‚ and crossing 30% as per 2011 census‚ standing at 31.16%.[2][3]According to a survey by UN State of the World
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McDonald’s in India McDonald’s uses a multidomestic strategy in India. This can be seen from its use of local suppliers‚ its adaptive pricing strategies and the removal of the company’s representative product‚ the “Big Mac”‚ and replacing it with a range of new products specifically catered to the Indian culture and preferences. Unlike in other countries‚ a large proportion of Indians do not eat pork or beef‚ and many others are vegetarians. It is therefore practically impossible for McDonald’s
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Lupa4eve’s Blog Just another WordPress.com site Skip to content * Home * About ← Hello world! F. W. Taylor’s Scientific Management Theory in Modern Day Workplace Posted on October 23‚ 2010 by lupa4eve Management can have the most remarkable effects on organization; that is why management has become an essential part of organization. According to Griffin (2001) Management may be defined as a set of activities (including planning‚ and decision making‚ organizing‚ leading and controlling)
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Poverty in India is widespread with the nation estimated to have a third of the world’s poor. According to a 2005 World Bank estimate‚ 42% of India falls below the international poverty line of US$ 1.25 a day (PPP‚ in nominal terms 21.6 a day in urban areas and 14.3 in rural areas); having reduced from 60% in 1981.[1] According to the criterion used by the Planning Commission of India 27.5% of the population was living below the poverty line in 2004–2005‚ down from 51.3% in 1977–1978‚ and 36% in
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cent were below 18 years‚ 51.6 per cent belonged to 18-30 years age group‚ 38.4 per cent belonged to 30-50 years age group and 7.4 per cent were above 50 years of age (Crime in India‚ 1998: 266). Thus about half of the offenders were young (18-30 years). The data on age structure of offenders as given in Crime in India are incongruent to youth offenders‚ i.e.‚ offenders in 16-25 years age group. Therefore‚ we interpolated the percentage of offenders in the age groups of 16-21 years‚ 21-25 years
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League‚ the founder of Pakistan‚ didn’t hold the same opinion with the most people. Fearing that their privileged position might be threatened in a democratic India society with Hindu majority‚ the Muslim elite from the All-India Muslim League proposed a plan calling for a separate Islam homeland ---- Pakistan for all the Muslims in India. In order to support their perspective‚ they drew the inspiration from Muhammad Iqbal’s philosophy and poetry and created a new viewpoint called “two-nation theory”
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IMPACT OF INFORMATION TECHNOLOGY ON MARKETING: A CASE STUDY OF AIRTEL COMPANY (Abstract) Information technology affects marketing in many ways. Some of these save labor and provide service. Others create entirely new products and new organizational forms. Still others enhance marketing operations in ways that can change their character. An example of the latter is now taking place behind the scenes in the consumer packaged goods industry‚ where a new generation of data is producing a discontinuity
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