day because the 15th ride costs him $17.50 to produce but Rick is willing to produce the 10th ride for its marginal cost‚ which is $15‚ so Rick’s producer surplus on this ride is $5. L ook at below the each producer surplus of each producer: Rick’s producer surplus = (base x height)/2 = (15 x 7.5)/2 = $56.25 Sam’s producer surplus = (base x height)/2 = (10 x 5.0)/2 = $25.00 Tom’s producer surplus = (base x height)/2 = (5 x 2.5)/2 = $6.25 c. What is the marginal social cost of producing 45 rides a day
Premium Supply and demand Costs
(2015) UNIVERSITY OF DHAKA The Economic Costs of Hartal in Bangladesh Department of Economics February 14‚ 2015 THE ECONOMIC COSTS OF HARTAL IN BANGLADESH Prepared by: Hossain Mohammad Abdullah Shahriar MSS (1ST Semester)‚ 90th Batch Department of Economics University of Dhaka February 14‚ 2015 Shahriar (2015). The Economic Costs of Hartal in Bangladesh. P a g e 1 | 29 Letter of Transmittal February 14‚ 2015 Dr. M. M. Akash Professor Department of Economics University of Dhaka Subject:
Premium Bangladesh
co-workers. Effective leadership generally makes for a successful business organization. Conversely‚ the absence of‚ or ineffective use of leadership can have dire consequences on the organization for without leadership‚ organizations may move too slowly‚ stagnate‚ or lose their way. Leadership is defined as “the process of influencing the activities of an organized group in its efforts toward goal setting and goal achievement” (Stogdill‚ 1950‚ p.3). Hogan et al (1994) posit that leadership is persuasion
Premium Management
Lesson 1 FOUNDATIONS OF ECONOMICS Lesson 1- Economic System & Opportunity Cost 1 Learning Objectives By the end of this unit‚ you should be able to: give an overview of Economics deal with the Economic Problem discuss the Methodology in Economics differentiate between Microeconomic Issues and Macroeconomic Issues Lesson 1- Economic System & Opportunity Cost 2 Lesson 1- Foundations of Economics Lesson 1-pg1 What is Economics? Economics is the study of how people and society
Premium Economics
Running Head: AFGHANISTAN- THE ECONOMIC COST OF WAR Afghanistan- The Economic Cost of War Melinda Tolar MGT 250 Afghanistan- The Economic Cost of War Introduction The September 11 attacks‚ often referred to as September 11th or 9/11‚ were a series of coordinated attacks by al-Qaeda upon the United States on September 11‚ 2001. Early on the morning of September 11‚ 2001‚ nineteen hijackers took control of four commercial airliners en route to San Francisco and Los Angeles…and the rest
Free United States
The Economic Importance of Fungi The Kingdom of fungi have some of the most important organisms ecologically and economically. Economically they contribute to many different industries such as the food and medical industries . Although there are many fungi that are useful to use there are some that are harmful and cause disease such as Trichophyton spp. which causes athlete’s foot and ringworm in humans. There are many areas in the food industry where fungi are used. Many mushrooms are edible
Premium Fungus
Pharmaceutical Manufacturing – Economics Perspective Pharmaceutical industry is unique in the economy since it is a manufacturing industry but is fundamentally based in research and development. The US pharmaceutical industry is an international leader in drug innovation. US produced more new molecular entities‚ both chemical and biological‚ compared to Europe and Japan. The United States also leads‚ by far‚ Europe and Japan in the number for new Patents filed for pharmaceuticals. The United States
Premium Pharmaceutical industry Pharmacology
Joseph Guy The Marketing Mix: Wal-Mart’s Price Marketing Strategy Over the past twenty years one company has dominated the discount retailer market. It has been hailed as the most admired company in America twice in the past five years by Fortune magazine. As of 2006 the company employed 1.6 million people that worked in one of their 6200 facilities worldwide. Despite this company’s unmatched success‚ it has been demonized by many in American culture‚ often being depicted as a destroyer
Premium
Objectives of the Marketing Plan “Setting objectives for a marketing plan is not simple and straightforward matter. It is an iterative process whereby objectives are set‚ strategies and action plans are developed‚ and then it is decided whether the planned objectives are impossible‚ achievable or easy. Marketing objectives should be difficult‚ but they must be achievable. The aim is to set objectives that a challenge‚ but can be achieved with effort. They must be motivating rather than discouraging
Premium Marketing
Proceedings of the 13th Asia Pacific Management Conference‚ Melbourne‚ Australia‚ 2007‚ 431-436 Competitive Strategy for Low Cost Airlines Hongwei Jiang RMIT University‚ Australia Abstract The aim of this paper is to identify challenge faced to Low-Cost Carriers (LCCs) or Low-Cost Airlines and provide new insights into the development and competitive strategy for LCCs. LCCs are still a relatively new phenomenon in Australia since Virgin Blue and Jetstar came to the market. There are over 30 LCCs
Premium Low-cost carrier Southwest Airlines Airline