which is owned by the government and a private one where it is owned by private individuals. Usually‚ we have organizations within the economy where one is profit oriented and its main business objective is to make profit from the revenue it tends to make by the end of a certain period‚ therefore‚ nothing from the extra money made will be used to develop the business‚ instead‚ the profit will go to the owner of the business‚ adding to that the owner can be giving some of the profit to its employees as
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After reading chapters 1 and 2 in the Curious Writer book‚ I discovered a few things about my writing habits. I tend to write safe‚ only because I struggle with writing and for a while I did not enjoy it. However‚ I know the importance of writing so when I need to write something it takes me twice as long as it should because I constantly second guess what I previously had wrote. Following my tendency of writing safe‚ I also procrastinate. I know I choose to procrastinate with assignments‚ writing
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2015 1. What is Profit Maximization using TR-TC Approach? Profit Maximization using TR-TC Approach is a method in determining the Profit and the Loss of a certain Company. To obtain the profit maximizing output quantity‚ we start by recognizing that profit is equal to total revenue (TR) minus total cost (TC). Given a table of costs and revenues at each quantity‚ we can either compute equations or plot the data directly on a graph. (Lipsey‚ 2011) Figure 1.Illustration of Profit Maximization using
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cell to perform it’s function. 2. Your 6th grader has read an article at school about life on other planets‚ and your child voluntered you to talk to the class about procaryotes and your opinion on whether there can be microbial life on other planets. In light of what you have learned from this chapter‚ develop an intelligent response for your to present to your childs class. (yes‚ this is an actual question‚ and base your response on the reading from this chapter and the web site and any other
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Chapters 1 and 2 The novel begins in 1941 with a twelve year old boy named Eliezer as the narrator. He begins the story by introduces the reader to Moche the Beadle. He was a man of all work at a synagogue. They were Jews of Sighet in a little town in Transylvania. Moche the Beadle was a poor man but nobody ever felt embarrassed by him or his presence. Mocha was very awkward physically but he always made people smile. Eliezer got to know him toward the end of the year when he studied in the Talmud
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PROFIT MAXIMISATION IN ZIMBABWE The traditional economist’s view is that firms are profit maximizes‚ with each decision based on the need to maximize profits (Griffiths and Wall‚ 2005). Although the assumption of profit maximization has come under repeated criticism‚ it still remains relevant to the Zimbabwean firm today irrespective of size. To begin with‚ a profit objective is often the principal reason for the original formation of the smaller companies‚ the majority of which are under the direct
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of price. B. Use the information derived in part A to calculate total revenues at prices in $1 increments from $5 to $15 per ticket. What is the revenue-maximizing ticket price? If variable costs are negligible‚ is this amount also the profit-maximizing ticket price? P2.6 SOLUTION A. When a linear demand curve is written as: P = a + bQ a is the intercept and b is the slope coefficient. Because 3‚200 seats were sold at a regular price of $12 per game‚ and 5‚200
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Chapter 2 is a part of Pedagogy of the Oppressed Paolo Freire’s book published in 1970 in New York. In this chapter‚ Freire compares two concepts of education. They are banking and problem-posing concepts. The banking approach considers students as the passive‚ lacking initiative “containers”‚ while teachers “fill” these “receptacles”. Students have to memorize mechanically information given them by teacher excluding the processes of inquiry. In contrast‚ the problem-posing concept encourages the
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Chapter 1 Review Questions 1. A project is defined‚ according to the Project Management Insitute‚ as a temporary endeavor undertaken to create a unique product‚ service‚ or result. Five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization are as follows: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually‚ the involvement of serveral departments and professionals. 4. Typically
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Chapter 2 Exercises Solutions Answer to end of chapter questions: 2. The labour force is calculated as the sum of the employed and the unemployed‚ which in this case is 22‚000‚000 + 1‚000‚000 = 23‚000‚000. The labour force participation rate is calculated as the ratio of the labour force to the working age population: 23‚000‚000 / 30‚000‚000 = 77 %. The unemployment rate is calculated as the ratio of the number of unemployed workers to the size of the labour force: 1‚000‚000 / 23‚000‚000 = 4
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