Bombay The long-run cost curve (LTC) is composed of a series of short-run cost curves. Assumes that the firm has only one plant‚ with the corresponding short-run cost curve given by STC1‚ Suppose the firm decides to add two more plants with associated two more short-run cost curves given by STC2 and STC3. Prof. Trupti Mishra‚ School of Management‚ IIT Bombay The long-run total cost curve (LTC) is then drawn through the minimum of the short-run cost curves‚ STC1‚STC2‚ and STC3. The
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The SaleS learning Curve & virTual SaleS Advice for a successful startup‚ product launch or foray into new sales territory W hen launching a new company‚ product or service or expanding into a new territory‚ the temptation is often to hire a new VP of sales‚ some enterprise reps and build a high powered sales force as quickly as possible. It has been demonstrated‚ however‚ that ramping up a sales force too quickly can have very negative impact on the bottom line. As founding Chairman and CEO
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Introduction The main theory of the experiment is that an object needs an amount of heat for it to change a unit mass by 1 degree in temperature. The objectives of the experiment are to determine the specific heat of metal specimens using the method of mixture‚ to measure the equipment properly‚ to carefully measure the temperature of the equipment‚ to be patient while waiting for the output of the experiment and to be precise in computing for the specific heat of the specimen. Theory Blanza
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think about 1000 radial stations are required for a converged calculation. 2) The first plot is of a rotor with linear twist showing the lift coefficient variation with rbar in hover. The second plot is the lift coefficient max along the radius which looks to be about 1.2. The maximum thrust of the rotor in hover in terms of thrust coefficient is 0.0183. Cpo = 2.5668e-004 Cpi = 0.0020 Cpt = 0.0022 Cpideal = 0.0017 Fig Mer = 0.7832 MATLAB CODE: First Code: This
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Coefficient of Linear Expansion Introduction With few exceptions materials expand somewhat when heated through a temperature range that does not produce a change in phase (i.e. melting‚ freezing‚ boiling etc.). The added heat increases the average amplitude of vibration of the atoms in the material‚ which increases the average separation between the atoms. Although this effect is small‚ it is very important in any application that involves using different materials in an environment where they
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We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
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Table Z: Areas under the standard normal curve (negative Z) Second decimal place in z 0.06 0.05 0.04 0.03 0.09 0.08 0.07 0.02 0.01 0.0001 0.0001 0.0002 0.0002 0.00 * 0.0000 0.0001 0.0001 0.0002 0.0002 z -3.9 -3.8 -3.7 -3.6 -3.5 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0
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S-curve describes how the performance or cost characteristics of a technology change with time and continued investments. While the horizontal axis shows the history (time and investment) of technical innovations‚ the vertical axis shows some problems of product performance or cost competitiveness. The pace of improvement slows when the established technology is improved and approaching its maturity. Many problems which a new technology has to face with are solved over time and with investment
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Coefficient of Kinetic Friction Objective: After completing this experiment‚ you should be able to measure the coefficient of sliding friction of an object that is located on an inclined plane. Apparatus: Inclined Plane Pulley attachment for plane Wooden blcok‚ with hook attached Meterstick Felt Set of masses String Protractor Procedure: 1. Place the board in the position shown in Figure 7-1. 2. The angle of the board should be small enough so that the wooden block will not slide
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son of Mamie and Dr. William Abrahams Rodgers. He began playing piano at the age of six. Rodgers spent most of his early teenage summers in a camp called Camp Wigwam in Maine. This is where he composed most of his first songs. In 1919‚ Rodgers met Lorenz Hart‚ a friend of Richard’s older brother. Rodgers and Hart struggled for years in musical comedy‚ writing many amateur shows. The first professional production they produced together‚ The Melody Man‚ did not show until 1924. Oscar Hammerstein II
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