some renovations by charging more per-student fees. A 10000 dollars is needed during the year. Issues 1. Should Mr. Thomas use averages when the Center has three separate programs? 2. Should the teachers be considered a fixed or a variable cost? 3. What’s the new breakeven point if we consider an increase in supplies’ price‚ expected renovations expense‚ and extra teachers’ salaries? 4. Should the program charge more fees on each student? 5. Ms. Fineberg is considering
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when revenues do not cover total costs. If revenues are greater than variable costs‚ but not total costs‚ the firm is better off producing in the short run rather than shutting down‚ even though it is incurring a loss. The reason is that the firm will be stuck will all its fixed cost and have no revenue if it shuts down‚ so its loss will equal its fixed cost. If it continues to produce‚ however‚ and revenue is greater than variable costs‚ the firm can pay for some of its fixed cost‚ so its loss is
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following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? Net Benefit is also profit. The formula for this is MB = MC. As seen in the table completed above‚ after applying the formula then net benefit is maximized where Q = 106. b. What is the relation between marginal benefit and marginal cost at this level of the control variable? Where marginal benefit is equal to marginal cost (MB = MC)‚ net benefit is maximized
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his consumption of another good. b. He can reduce‚ increase or not change his consumption of another good. c. He must reduce his consumption of another good. d. He must increase his consumption of another good. ____ 3. What happens to consumer surplus if the price of a good increases? a. It increases. b. It may increase‚ decrease‚ or remain unchanged. c. It is unchanged. d. It decreases. ____ 4. When the price of pizza falls‚ the substitution effect‚ for normal goods Pepsi and pizza‚ causes a
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WRITING ANALYSIS AND COMMUNICATION-I Assignment No. 2 CASE ANALYSIS OF KANPUR CONFECTIONORIES PRIVATE LTD. (A) Name: Hitu Kanodia 1. EXECUTIVE SUMMARY OBJECTIVE: Kanpur Confectionaries Private Ltd (KCPL) has the vision of emerging as a leading national brand in the biscuit industry and thus maintaining the family name and dignity. PROBLEM: APL is a leading national player in the biscuit industry and is a major competitor of KCPL. KCPL has to decide their response
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stock price movements and variations in macroeconomic aggregates. The paper examines the role of macroeconomic variables on Dhaka Stock Exchange (DSE) stock returns movement in Bangladesh. In this paper‚ the analysis is conducted by using monthly data for the period span from January 2009 to December 2012. All data are collected from Dhaka Stock Exchange‚ Internet. Five macroeconomic variables have been selected to assess the influence on stock return of Dhaka Stock Exchange. These are: effect of DSI
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Class: Whenever we talk of variables or data types the various concepts that are immediately associated with it are: 1. The name of the variable 2. The amount of space required to store that variable 3. Address of the memory location where the variable is created 4. The possible operations‚ which can be performed with the variable However‚ we never considered the permanence of a variable or its scope i.e. the portion of the program where the variable is valid or recognized. All
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1. Identify the independent variable(s) and dependent variable(s) Both groups of participants in this clinical trial‚ the psychotherapy group alone and the psychotherapy plus medication group‚ received psychotherapy but only one group received medication as an adjunct. The independent variable (IV) in this trial is the medication administered to the combined group‚ psychotherapy is considered a constant variable since both groups received it‚ and either an increase‚ decrease‚ or no change with participant’s
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is a straight line determined by TR p q‚ where p is constant. This line runs through the origin and has a slope equal to the market price. The total cost curve‚ however‚ is determined by the production function as well as the prices of fixed and variable resources. The slope of the total cost curve varies because of increasing‚ then diminishing‚ returns. 4. (Profit in the Short Run) Look back at Exhibit 3‚ panel (b) in this chapter. Why doesnt the firm choose the output that maximizes average profit
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Homework Problem Set 4 1. Because Q=12-2P inverse demand P = -0.5 Q+6 For “half price” case‚ P = 2.5‚ Q=7 consumer surplus = 7*(6-2.5)/2 = 12.25 For “buy one‚ get one free” case‚ when original P = 5‚ Q = 4 instead of 2‚ total benefit TB = (4+6)*4/2 = 20 On the other hand‚ payment is 2*5=10 dollars‚ so consumer surplus will be = 10 Thus “half price” gives more surplus. 2. cost minimizing manner‚ marginal product of typewriter/marginal product of word processor=rent of typewriter/rent
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