the cost to produce it. To maximize the profits is when the price is equal to the marginal cost of production. The competitive firm must be producing at the point where price equals marginal cost. In monopoly firms they cannot just set a high price for their good because the customers will completely avoid the firms good. If
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World Academy of Science‚ Engineering and Technology 36 2009 Maintenance Management System for Upstream Operations in Oil and Gas Industry: Case Study paper explores the plant maintenance management system that has been used by giant oil and gas company in Malaysia. The system also called as PMMS used to manage the upstream operations for more than 100 plants of the case study company. Moreover‚ from the observations‚ focus group discussion with PMMS personnel and application through simulation
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Hot Line Maintenance of 400/220/132kv EHV Line At present uninterrupted supply is required in all sectors like domestic‚ agriculture‚ industrial etc. For which the 100% reliability of the transmission as well as the distribution system comes in mind. But at the same time for healthiness of the system‚ periodical and sudden required maintenance is a must. It requires planned shut-downs and unplanned as well. But it reduces the reliability & continuity. Some times even it becomes almost impossible
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such cases. Provisions are those amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss
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How does Dunkin Donuts build long-term customer relationship? Dunkin donuts has been operating as a chain restaurant for nearly sixty years. Dunkin Donuts was able to build long-term customers by sticking to their original values. They have stuck to their values by providing the consumer with a great customer service experience with ease of access and affordability. Dunkin Donuts puts quality control first. By doing this‚ they are able to provide a consistent cup of coffee at any location. Through
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For-Profit Education For-Profit education has been present for many years however has recently become a popular commodity. The for-profit educational world has been gaining popularity for a number of reasons. These include such aspects as access‚ student population‚ financial cost‚ etc. This paper will explore For-Profit education‚ a brief history‚ the students these institutions aim to serve‚ the intended focus of For-Profits and quality‚ the impact on higher education‚ and the roles of student
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department under the profit center approach. Overall‚ complementary costs and allocated overhead included in the direct costs pose more of a problem in determining the amounts to allocate. More specifically‚ the hotel manager complained about capacity constraints. It is difficult for this department to recapture all of the opportunity costs of not selling rooms at full price or even above that amount in times of high demand. The manager is required to keep 20% of the rooms in case a higher roller comes
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depression? 8 . Discuss the various phases of business cycle: a. Are cyclical fluctuations necessary for economic growth? b. Suggest appropriate fiscal and monetary policies for depression Assignment B: all Case Study Electron Control‚ Inc.‚ sells voltage regulators to other manufacturers‚ who then customize and distribute the products to quality assurance labs for their sensitive test equipment. The yearly volume of output is 15‚000 units. The
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Computer Maintenance And training manual IT/280 - COMPUTER HARDWARE FUNDAMENTALS University of Phoenix‚ Axia Table of Contents Introduction…………………………………………page 1 Diagram……………………………………………..Page 2 Safety and Environmental Concerns………… Pages 3-5 Internal hardware
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the intersection of business and public interests. The company was organized into four business divisions which all followed the corporation’s general strategic approach. Frito-Lay North America manufactured‚ marketed‚ and distributed such snack foods as Lay potato chips‚ Doritos tortilla chips‚ Cheetos cheese snacks‚ Fritos corn chips‚ Quaker Chewy granola bars‚ Grandma’s cookies‚ and Smartfood popcorn. The PepsiCo Beverages North America beverage manufactured‚ marketed‚ and sold beverage concentrates
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