Marginal revenue‚ marginal cost‚ total cost and profit-maximizing are some of the concepts that are analyzed when making business production decisions. Marginal revenue is the total revenue that is changed when one more unit of output is produced. The total revenue is determined by multiplying the unit price by what quantity the company can sell. The total revenue increases when the first unit is purchased and equals the marginal revenue. When the second unit is produced‚ the total revenue will
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to some of the energy crisis. I believe that wind and solar power will only continue to grow in popularity as time goes on. James Tera‚ I would agree with you and disagree with you to a point. You stated that you don’t believe the people of Easter Island understood that they were exploiting and depleting the island’s resources at an unsustainable rate. I would agree that they did not understand or realize they significance of how quickly they were depleting their resources. However‚ were I
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Date/Court: The United States Supreme Court‚ 1998 Facts: This case deals with the defendant Patrick Knowles; who was stopped in Newton‚ Iowa for driving 20 miles over the speed limit. The police officer at the time pulled Knowles over and issued him a ticket‚ but under the Iowa Code the officer could have arrested the individual. After writing Knowles a ticket the officer searched the vehicle‚ where under the driver’s seat he found a pipe that could be used to smoke Marijuana and a small bag of
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The League of Nations‚ a former international organization‚ was formed after World War I to promote international peace and security. The basis of the League‚ also called the Covenant‚ was written into the Treaty of Versailles and other peace treaties and provided for an assembly‚ a council‚ and a secretariat. Because the peace treaties had created the League of Nations‚ the League was bound to uphold their principles. but however‚ it became apparent that some of the terms of the treaties were harsh
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Ford Pinto Case Brief There was strong competition for Ford in the American small-car market from Volkswagen and several Japanese companies in the 1960’s. To fight the competition‚ Ford rushed its newest car the Pinto into production in much less time than it usually required to develop a car. The regular time to produce an automobile is 43 months; Ford took 25 months. Before production however‚ Ford engineers discovered a major flaw in the cars design. In nearly all rear-end crash test collisions
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According to an article in the Review of Industrial Organization‚ the Major League Baseball (MLB) generated $6 billion in monopoly revenues in 2007 (Vrooman‚ 2009‚ p. 7). More to the point‚ with the opening of the Yankee stadium in 2009‚ baseball tickets continued to soar in spite of a recession because of a limited capacity in an economic and demographic market that is consistently expanding (Site). Since the Supreme Court (1922) ruled that baseball is not a business‚ but a sport‚ the MLB has
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Successes & Sustainability: Comparing and Contrasting Easter and Tikopia Islands Easter Island‚ one of Western Chile’s best kept secrets has become one of todays most popular tourist destinations with nearly 900+ Maoi statues dominating the island terrain. Although today‚ Easter Island is home to upwards of 2‚500 people‚ it wasn’t always this way. It is said that Easter Island was first discovered around 300-400 A.D. according to History.com with other sources claiming as late as 1200 A.D. When
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attaining that age shall be of the age of majority.” In effect of section 10 and 11 of contract Act 1950‚ the courts held in the cases of Mohori Bibee V Dharmodas Ghose (1903)‚ Tan Hee Juan V Teh Boon Kiat (1934) and Government of Malaysia V Gurcharan Singh (1971) that all such agreements are void. Therefore‚ all contracts entered by a minor is generally void and a minor cannot sue or be sued on such void
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AP US Government Chief Justice (Teachers name) Roe v. Wade On writ of certiorari to the United States Supreme Court Oral Argument: 12/19/2012 Name Attorney for Wade Jane Roe‚ a pregnant single mother‚ who wished to have an abortion in the State of Texas‚ sued on behalf of all mothers seeking abortions to prevent the enforcement of the Texas abortion ban. The appellant has challenged the Texas statue‚ claiming it violates the 1st‚ 5th‚ 9th and 14th amendment’s implied right to privacy which
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adequate revenue. It is based on this fact that there was the need for the government to levy taxes on the income of the legible citizenry. The Ghana Revenue Authority (Domestic Tax Revenue Division) is charged with that utmost responsibility of levying and collecting taxes on the incomes of individuals such as the Employed and Self-employed‚ (Income Tax)‚ corporate bodies (Corporation Tax)‚ Capital Gains (Capital Gains Tax) and others. Income taxes are different from other sources of revenue in that
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