firm may have is to engage itself in economies of scales. Economies of scale may be described as the increase in efficiency of production as the number of goods being produced increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Economies of scale can be classified as internal and external. Internal economies of scale relates to the cost saving advantages within a firm
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Background of the Study Tax compliance has been a topic of great interest to Revenue authorities especially in the developed countries. Hostility towards tax compliance is an age old problem. “Taxes are considered a problem by everyone. Not surprising‚ taxation problems date back to the earliest recorded history” (Taxworld Organization‚ 1999). Developing countries‚ perhaps due to their frequent budget deficits have not been able to conduct comprehensive research on the behavior of taxpayer in relation
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2. THE 4 Ps OF MARKETING The major marketing management decisions can be classified in one of the following four categories: Promotion‚ produce‚ price and place. These variables are known as the marketing mix or the 4 P ’s of marketing. They are the variables that marketing managers can control in order to best satisfy customers in the target market. The marketing mix is portrayed in the following diagram: The Marketing Mix Product | | |
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MICRO-ECONOMICS ASSIGNMENT Q(1) Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples. Ans. The law of diminishing returns is also called the law of variable proportion‚ as the proportions of each factor of production employed keep changing as more of one factor is added. The law of diminishing returns does not imply that adding more of a factor will decrease the total production‚ a condition
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How and why our world faces the possibility of a decade or more of conflict‚ climatic changes and famine on a global scale. Three of the most important global issues today are; global security‚ climate change and the food crisis. The following section ties globalisation to a convergence of factors in China‚ India and other countries around the world which have compounded these crises. Such factors include the increasing scarcity of resources‚ unequal distribution of food and water‚ unresolved international
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and Picshke‚ J. D (1992) “Microenterprise Credit Programs: Déjà vu” World Development‚ Vol. 20‚ pp 1463-1470. Ajai Nair‚( 2005) Aryeetey‚ E.‚ A. Baah-Nuakoh‚ T. Duggleby‚ H. Hettige‚ and W. F. Steel‚ 1994. “Supply and Demand for Finance of Small Scale Enterprises in Ghana”‚ Discussion Paper No. 251‚ World Bank‚ Washington‚ DC. PP 12-45 Asiama J.‚(2007) Basu A.‚ Blavy R.‚ Yulek M.‚(2004). "Microfinance in Africa: Experience and Lessons" f International Monetary Fund‚ Washington DC. pp55-57 Besley
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States and pays for it with yen. Other things the same‚ Japanese c. net exports decrease‚ and U.S. net capital outflow increases. 9. If a country has a trade surplus a. it has positive net exports and positive net capital outflow. 10. The nominal exchange rate is the b. rate at which a person can trade the currency of one country for the currency of another. 11. If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar‚ a watch that costs $12 US dollars would cost
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ow How would you advise your management staff to successfully manage this large scale change of the organization? I would enlighten them that managing organizational change can be for the better or worst sometimes. Many organizations create a partnership to build a centralize complex to recognize the organization differences. When change is implemented a formal strategy need to be put in place‚ This will allow the organization to identify the impact of forthcoming changes and make
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I. Introduction to hypothesis In estimating the relationship between the money supply and nominal GDP we look into the past to find the many different ways that the great economists of the past studied this relationship. The first thing to understand is that money supply should be considered the same thing as money demand‚ this happens in our equilibrium society that I am using for this paper. Therefore anytime equations may differ depending on money supply and money demand we will just assume
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Getting Ahead by Walking in the Opposite Direction: Changes in Melanie’s Scale of Values in Angela Carter’s Magic Toyshop Hereby I certify that the essay conforms to the international copyright and plagiarism rules and regulations. Guba Dorina
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