"Explain how a profit maximizing firm determines its optimal level of output using marginal revenue and marginal cost as criteria" Essays and Research Papers

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    Revenue mobilization

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    examine carefully some time tested procedures and the challenges the Revenue Authorities faces when mobilizing revenue. Various scholars and administrative practitioners have put out a lot of theories‚ concerns and views on GRA’s ability to mobilize revenue and how these monies mobilized are spent. Among the reasons assigned by such concerns and opinions is‚ the challenges of the GRA administration is to be blamed on inadequate revenue mobilization‚ due to lack of mission or comprehensive functional

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    Cost Classification

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    Cost Classification Introduction: In this assignment I will be discussing how costs incurred in any organization may be classified in a number of different ways for a number of different purposes. I will also be looking to find companies that use a variety of different costing techniques and methods. I will also be discussing the comparisons between marginal and absorption costing and how the concept of activity based costing can also be compared with these. To complete the assignment I will

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    Chapter 4. Costs and Cost Minimization Problem Set 1. Suppose the production of airframes is characterized by a CES production function: Q = (L½ + K½)2. The marginal products for this production function are MPL = (L½ + K½)L−½ and MPK = (L½+ K½)K−½. Suppose that the price of labor is $10 per unit and the price of capital is $1 per unit. Find the cost-minimizing combination of labor and capital for an airframe manufacturer that wants to produce 121‚000 airframes. The tangency condition

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    How to Analyze the Regression Analysis Output from Excel In a simple regression model‚ we are trying to determine if a variable Y is linearly dependent on variable X. That is‚ whenever X changes‚ Y also changes linearly. A linear relationship is a straight line relationship. In the form of an equation‚ this relationship can be expressed as Y = α + βX + e In this equation‚ Y is the dependent variable‚ and X is the independent variable. α is the intercept of the regression line‚ and β is the

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    Cost

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    TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor  payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production

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    Chemistry Internal Assessment Title: Determination of the percentage (%) of ethanoic acid in vinegar Date Experiment was performed: 1st April 2011 Criteria Assessed: DCP‚ CE Apparatus: 2 conical flasks 1 250cm3 volumetric flask ±0.30cm3 Electronic Balance ±0.10g 50cm3 Burette±0.1cm3 25cm3 Pipette±0.06cm3 Materials: 0.20M HCl (±0.02moldm-3) 1.1g solid NaOH (±0.1g) A solution of vinegar of unknown concentration (density= 1.05gcm-3) Phenolphthalein Method: * A solution of NaOH was

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    Profit Margin

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    the stock’s price movement or the overall state of the market. Profit Margin Anal ysis A company’s stock price‚ in large part‚ is driven by the company’s ability to generate earnings. Therefore‚ it is useful for investors to analyze the profitability of a company before investing in it. One way to do this is by calculating and tracking various profit margins‚ which reflect how efficiently a company uses its resources. Profit margins are expressed as a ratio‚ specifically “earnings” as a percentage

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    Why Do Firms Grow.

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    The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result‚ alternative theories of the firm were introduced (Sloman & Sutcliffe‚ 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow:  The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing

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    Input and Output Devices

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    INPUT AND OUTPUT DEVICES In computing‚ input/output‚ or I/O‚ refers to the communication between an information processing system (such as a computer)‚ and the outside world possibly a human‚ or another information processing system. Inputs are the signals or data received by the system‚ and outputs are the signals or data sent from it. The term can also be used as part of an action; to "perform I/O" is to perform an input or output operation. I/O devices are used by a person (or other system) to

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    P1: Present the initial business idea using relevant criteria Dear Sir/Madam I am writing to tell you about my new business plan. My new business plan is called Treasurable Treats‚ it’s a Dessert Buffet Bar and it will be located in Slough Highstreet. The aims of my business are to survive the first year of trading‚ my unique selling point (USP) is that this buffet bar is completely different to any other dessert restaurant. The demands for my business are that I want it to be high demand;

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