decreases by ten (10). C. Marginal cost is determined by taking the change in total cost and dividing it by the change in quantity. 1. Marginal cost stays constant between widget when the output quantity is one (1) and output quantity is two (2). The marginal cost increases by 10 then stays constant when the output
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Regulation 2 Industrial regulation is government imposed regulation of an entire industry in order to monitor prices and products provided to the public. Industrial regulation exists to avoid overpricing‚ lack of competition and the overall taking advantage of consumers. The intended impact on the markets is to promote competition and economic efficiency. Industrial regulation
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Task A: 1. Elasticity of demand (Ed): A measure of the response of a consumer to a change in price on the quantity demanded of a good (McConnell‚ Brue‚ & Flynn‚ 2012‚ p. 76). Determinants include substitutability of a good‚ proportion of a consumer ’s income spent on a good‚ the nature of the necessity of a good‚ and the time a purchase is under consideration. It can be calculated with the following formula: Ed = percentage change in quantity demanded of product X percentage change in price
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Task 309.1.1.06 A. Two methods of profit maximization that companies utilize are the total revenue to total cost approach and the marginal revenue to marginal cost approach. To attain their goal of achieving the highest level of profit‚ Company A uses these methods to determine the appropriate output level to achieve their goal. Both methods arrive at the same level. In the first approach‚ Company A first determines its total revenue by multiplying the number of widgets sold by the price
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Company A can successfully enter the country of South Korea. South Korea has strong ties to the United States government and has a similar quality of living as the United States there will not be a huge labor cost advantage however‚ there won ’t be a disadvantage. This report however‚ will focus on cultural differences not the business model for entry which should be done with a joint venture with a local company. Major potential cross cultural issues could be the following Language Barriers‚ Foreign
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Written Task 2 ONLY HL Written tasks One of the tasks submitted for external assessment must be based on a literary text studied in part 3or part 4 of the course. (The Awakening‚ Katherine Mansfield short stories‚ Sylvia Plath Poetry‚ A Doll’s House‚ Interpreter of Maladies ss and Pride and Prejudice) The other must be based on material studied in the language option ( Media and Advertisement). Formal requirements for tasks 2 One of the tasks submitted for external assessment must be a critical
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WRITING TASK 2: People nowadays work hard to buy more things. This has made our lives generally more comfortable but many traditional values and customs have been lost and this is a pity. To what extent do you agree or disagree? You should write at least 250 words. [Đề này lấy từ quyển CAMBRIDGE INSTANT IELTS‚ trang 95] I. INTRODUCTION: Phần mở bài‚ nên có: 1. Topic sentence(s): viết lại y của đề bài. Nhưng quan trọng là không copy y chang từ của đề‚ mà phải ‘biến tấu’
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Task 2 CYP 3.1-3.1 How to monitor children and young people’s development using different methods The main methods are health assessments from health visitors and doctors‚ to check children are healthy and reaching health and development targets. For example the Apgar score assesses the condition of baby at birth. Childcare practitioners and teachers monitor in education‚ through early years foundation stage profiles to ensure children are achieving developmental goals in all aspects of learning
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Task 2.9.4 Answers 1. Off the job training so that the workers can learn to deal with customers properly before they start work. Role play would help them to practise what to say to different types of customers. A demonstration would help them to learn how to use the computer software. 2 Off-the-job training – send them on a typing course so they are taught and practise the skills that they need. 3. Off-the-job but at his place of work. The driver should work with a gardener to be shown how to
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helps the company to predict the needed cost per unit‚ so the business can determine the profit it needs to stay competitive. The learning is based on the theory that the employees will get better at their tasks doing the job more frequently. The theory also supports the time needed to produce the tasks will decrease as production continues. Using the learning curve‚ Shuzworld can determine how much to charge for its products and know the how much profit to expect for selling at the determine price. It
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