"Economics of production" Essays and Research Papers

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    Sp2750 Unit 3 Answers

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    capital structure and four marks for four factors. ) Ans.25: Selling | Marketing | 1. Its scope is narrow. 2. The main focus is on the transfer of ownership of the product from the seller to the buyer. 3. Selling activity start after the production of the goods and ends with the sell of the product. 4. Sellers’ satisfaction is emphasised. 5. To earn profit‚ sales is maximised. | 1. Its scope is broad. 2. The main focus is on achieving maximum satisfaction of the customers’ needs.

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    test 4

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    Question 1 0 out of 4 points A short-run production function assumes that Selected Answer:        the level of output is fixed. Correct Answer:       at least one input is a fixed input. Question 2 4 out of 4 points Refer to the following table:   Amount of total output produced from various combinations of labor and capital.     Units of Capital     1 2 3   Units of Labor 1 2 3 4 5 6 80 180 270 340 390 410 100 220 330 420 490 530 120 260 390 500 590 650   If capital is fixed

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    Danaher

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    Question 1 To my opinion‚ Danaher exploits the following sources of synergy: 1. Transferring knowledge and skills that relate to the DBS system across all existing and newly acquired firms within the company. DBS is a collection of tools‚ skills and knowledge developed in the company over the years. This broad system is central to Danaher’s synergy efforts and its motto is continuous improvement. The system spans planning‚ deployment and execution of various activities and processes firm-wide

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    Clean Wash Laundromat

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    I. BACKGROUND OF THE CASE Ms. Giesel Reyes‚ the proprietor of Clean Wash Laundromat‚ reread the recently received fax from Hair cuts‚ a well-established chain of beauty parlors. Hair cuts is proposing a business deal with Ms. Reyes wherein Hair Cuts will avail of the wash‚ dry and fold service of Clean Wash Laundromat at 15% off the regular price. The service will cover a period of four months from June to September‚ which are peak months for Clean Wash Laundromat and will entail 60 kg per week

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    Assignment: Fixed and Variable Costs‚ Break-Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their

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    Currently‚ Whiz Calculator is estimating the budget for the coming year’s selling expenses as if it is comprised of only fixed expenses. President Riesman finds this method unsatisfactory for two major reasons: 1. It is difficult to judge how good the estimates made by the department heads really are; and 2. Selling conditions fluctuate over time and there is no way to account for these changes in the selling expenses once the budget is set for that year. Thus a new budgeting method is being researched

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    Cost and Overhead Costs

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    Colorscope 1. Why would any customer‚ let alone large advertising agencies and departmental stores‚ go to Colorscope rather than go to large printers listed in Exhibit 3? Before desktop publishing became popular‚ Colorscope had a competitive advantage through its expensive proprietary computer equipment that could produce complicated print special effects. Colorscope had also been able to build strong relationships with valuable customers through the years and had a good reputation for providing

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    Question: Calculation of contribution margin per unit & machine-hour for MD Widgets. MD Widgets manufactures three different product lines‚ Model X‚ Model Y‚ and Model Z. Considerable market demand exists for all models. The following per unit data apply: Model X Model Y Model Z Selling price $80 $90 $100 Direct materials $30 30 30 Direct labor ($10/hour) $15 15 20 Variable support

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    Vaughan Speed Clean

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    Question 1. Vaughan Speed Clean — budgeting In order to calculate manager’s bonus we need to look at the flexible budget to compare actual profit with budget profit target. Flexible budget Actual Variance Revenue $108‚100 (23 x $10 x 470) $120‚555 $12‚455 F Variable expenses (50% of revenues) 54‚020 60‚277 6‚227 U Fixed expenses 53‚870 55‚000 1‚180 U Total expenses 107‚870 115‚277 7‚457 U Profit $230 $5‚278 $5‚048 F The actual profit meets the budgeted target of $230‚ therefore

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    Fixed and Variable Costs

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    Health services managers are essentially interested in how costs are affected by changes in volume. Cost behavior refers to a cost ’s reactions to activity level. A cost may rise‚ fall‚ or remain constant as activity levels fluctuate. We can classify several types of costs on the basis of their relationship to the amount of services provided‚ often referred to as activity‚ utilization‚ or volume (Gapenski‚ 2012). When dealing with the future there is a level of uncertainty of volume with regard

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