Question 1 (a) Price (P‚$’000) Quantity (minutes) Total Revenue (TR‚$’000) Marginal Revenue (MR‚$’000) Total Cost (TC‚$’000) Marginal Cost (MC‚$’000) Average Cost (ATC‚$’000 per minutes) 90 100 9000 --- 5000 --- 50 80 120 9600 30 5500 25 45.83 70 140 9800 10 5700 10 40.71 60 160 9600 -10 6000 15 37.5 50 180 9000 -30 6400 20 35.56 (b) The market structure of television broadcasting industry is oligopoly. As the television broadcasting industry requires
Premium Marginal cost Economics Costs
Aging‚ the process of growing old‚ begins the moment that a person is born; it is inevitable. All cultures deal with the ageing process. However‚ with the older population growing more rapidly‚ societies have to deal with it in larger number than before. ‘Baby boomers’ have a significant impact on society in when it comes to the economy‚ social structure and healthcare system. As the baby boomers represent 20% of the American population‚ it is clear that as they age‚ current societies are going to
Premium North America Gerontology Ageing
Name PHI208: Ethics and Moral Reasoning Peter Singer – “Famine‚ Affluence‚ and Morality” Instructor: Date In reading the Peter Singer – “Famine‚ Affluence‚ and Morality” article I believe his argument is to help those in need. He has a lot of good points and I think he does a good job in arguing and defending from different perspectives. And in doing this makes it easier for the reader to see both sides. Singer’s argument to help others with food and shelter
Premium Ethics Morality Economics
shown the relationship between them to see how things work in business. Define Marginal Revenue: “Marginal Revenue is the change in total revenue that results from selling one more unit of output.” (McConnel‚ 2012) What this means is marginal revenue occurs when total revenue changes‚ whether it be higher or lower in production. Any change that occurs in total revenue is when marginal revenue takes place. Explain its relationship with Total Revenue: First‚ total revenue needs to be defined
Premium Marginal cost Profit maximization Variable cost
era of study. Henkin spoke about the History of Transient newspapers were periodicals that were passed along by the post by someone other than the main publisher. People of that time used newspapers to relay information to recipients in very faraway places. This practice was fairly inexpensive as opposed to sending a regular letter. The postal bureaucracy didn’t agree with this practice and proceeded to shut it down. Sometime by the year 1845 Congress had actually passed an act the reduced the price
Premium California Gold Rush Gold Writing
31.10.2011 What is Linguistics? The study of human languages; including the influence of one language on another; how language and words are formed and change within time; the rules of the language- how words are formed‚ the structure of sentences and words; relationship between culture and language; how language is acquired- the process of language acquisition (foreigner verses mother tongue language). There are two approaches/types of linguistics: 1. Traditional Linguistics- the only field
Premium International Phonetic Alphabet Phonology Linguistics
Technology-integration in Old Age Homes in India A Status Paper Sugan Bhatia‚ Ph.D. President Indian University Association for Continuing Education Delhi 1.1 The elderly (aged 60 years and above) in India account for more than 9 percent of the total population. The National Population Commission estimated that the population of the elderly is expected to grow from 71 million in 2001 to 173 million in 2026. This demographic scenario appears to indicate a very precarious condition for the older persons
Premium Aging in place Old age Assisted living
the demand and marginal cost curves which is P = 12 - 0.002Q and MC = 3 + 0.001Q. When the demand curve is P = a- bQ‚ the marginal revenue curve will be MR = a- 2bQ ‚ therefore‚ MR = 12 - 0.004Q.(Refer to figure1) Figure 1 To maximize the profits‚ the company should produce at the output level where marginal revenue is equal to marginal cost. If the marginal revenue is higher than marginal cost‚ the firm can increase profit by producing more. If the marginal cost is higher
Premium Cost Marginal cost Economics
352 Week 5 DQ 1 Payment Online ASHFORD BUS 352 Week 5 DQ 2 Copyright Issues In order to study successfully‚ the environment can have a big impact. It is generally not ideal to study in a dorm room. A better bet is to locate a quiet place where you can study in solitude. You should opt for the library. If you have to study in the dorm‚ get yourself some headphones. This file includes BUS 352 Week 2 Assignment Social Business Networking and eCommerce - Linkedin Business -
Premium Electronic commerce Management Strategic management
Definition Taxes and surcharge which apply to a ship and/or the cargo on board the ship once it has reached port. The rise in these charges may reduce the number of goods arriving at that port‚ or otherwise impact the price of doing business. Types of port charges As shown in table 2-1‚ port charges are generally divided into three broad categories‚ general tariffs‚ facility tariffs and service tariffs‚ each of which are subdivided into a series of individual charges. (a) Conservancy
Premium Variable cost Marginal cost Costs