1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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flights from New York to Tokyo. The company charges $30 one week and $15 the next week.-Casual-explores the effect of one variable on another. * This type of study attempts to discover answers to the following questions: who‚ what‚ when‚ where or how much.-Descriptive-statistical research that is detailed. * A manufacturer investigates whether consumers will buy a new pill that replaces eating a meal. Exploratory-research for a product hasn’t been identified yet. * Cosmopolitan magazine
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GDP Per Capita and Corruption 4/14/13 In my analysis of corruption‚ I chose to see how corruption affects the per capita income of families‚ households around the world. GDP is one of the most important factors in determining how well people in a given country live. Typically the higher the per capita GDP is‚ the better quality of life the people in that nation are able to derive. With less corruption throughout the world‚ I believe that GDP will have an easier time growing. The nation of Sri
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1. Why are Microsoft‚ Intel‚ and other leading for profit companies interested in low-cost computers for the developing world? In 2005‚ Nicholas Negroponte‚ the founder of MIT’s Media Labs‚ announced the One Laptop per Child (OLPC) program at the World Economic Forum. The concept was simple and appealing. Innovate a $100 laptop and distribute it to children in the developing world. No one can argue the power of getting kids access to computers/internet‚ and hence‚ access to a virtually limitless
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is low cost and differentiated. According to exhibit 7a-7i‚ it can be seen that Samsung has a lower operating cost of $8.50 as compared to industry average of $11.03 as well as higher profit margin 6.6 times that of its competitors. This reflects Samsung ability to deliver desired value to customers using lean and effective design and production. Samsung is able to maintain the low cost largely because of lower labor‚ R&D and raw material cost. Samsung has a relatively lower labor cost for each
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Much Ado about nothing Much ”Much ado about nothing much” is an article written by Peter Beech. It is about Shakespeare’s plays and how the journalist thinks it doesn’t fit in the modern world. He starts with telling about his own experiences with Shakespeare and that he has an MA in Shakespearean Studies. After this he tells why he thinks Shakespeare should be replaced by something else. He believes Shakespeare is out of date‚ his humor doesn’t fit in the society today and he oppresses the women
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wouldn’t be much better than it is today and it’s possibile that it would be even worse. New technologies are considered as good by the most of the society and there is a tought that life will be easier and better thanks to them.But is this a wholly true?Surely not.Computer is one of the greatest inventions of the 21th century.If we use it in the right way it won’t be dangerous for us.But even know we can see problems according to internet and computers so what would be in 50 years?Scientists
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Christopher Kruger Mr. Williams US History PBL 14 April 2017 Freedom Does Not Come Without Cost During World War II‚ President Roosevelt gave a speech about the four freedoms that everyone worldwide should be able to live their life with. Freedom of speech‚ freedom of religion‚ freedom from want and freedom from fear. The U.S. did the best job possible during the war to try and uphold these freedoms and made decisions in the best interest of the world. The nature of war being brutal and violent provides
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New Year’s Eve Celebration Marking the last day of the year‚ New Year’s Eve is one of the largest celebrations around the world. It is a holiday to welcome a brand new year with your friends and families‚ a time to distress and unwind your mind. Since New Year’s Eve is just around the corner‚ it is never too early to start planning for the 2014 New Year Countdown. There are endless choices and if you are unsure of what to do on New Year’s Eve‚ here are some ideas to get you going. The biggest
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