number of units produced at which profit maximization or greatest economic profit is achieved can be determined in 2 ways. 1. The first method is the total revenue (TR) to total cost (TC) method. TR-TC This method uses the highest total revenue (TR) less total cost (TC) to determine at what point the quantity produced maximizes total economic profit. In exhibit 1‚ the point at which profit maximization is achieved is at the production of 8 units. 2. The second method is the marginal revenue
Premium Profit maximization Economics Marginal cost
Summary Now a day’s Information Technology (IT) is playing an increasingly important role all over the world – in both business and individuals’ private lives. All the University in the world are focusing on environmental protection and improvement [1]. We are living in an era of industrialization. We are consuming a lot more products in our lives as compared to our ancestors; this is to improve the quality of life by saving time‚ facilitating ourselves and much more. Most of the world industries
Premium Energy conservation Efficient energy use World energy resources and consumption
RTT 1- Task 1 Michael Jackson Western Governors University Nursing-Sensitive Indicators The structure‚ processes‚ and outcome factors of nursing care are reflected in Nursing-Sensitive Indicators (NSIs). There are several things that the nurses in the provided scenario could have done to promote quality patient care. By being aware of restraint use as an NSI the hospital staff would be more likely to increase their focus and attention to its need and any development of complications
Premium Nursing Healthcare occupations
Community Health Nursing: Epidemiology Western Governors University J Course: Community Health Nursing HAT Task 1 Introduction The World Health Organization‚ define Health promotion as "the process of enabling people to increase control over‚ and to improve‚ their health. It moves beyond a focus on individual behavior towards a wide range of social and environmental interventions". (www.WHO). Healthful diet and maintenance of physical activity promote and reduce
Premium Public health Obesity Florida
Task In this given situation a company exists in a monopolistic competition where a company sells widgets. As more widget are sold the company must offer discounts on the product in order to sell more units. The table below includes the Total Revenue and Total Cost information needed to perform marginal revenue and marginal cost calculations that will be explained below. Quantity0123456789101112131415Quantity0123456789101112131415 TR$0.00$150.00$290.00$420.00$540.00$650.00$750.00$840.00$920
Premium Profit maximization Marginal cost Economics
JFT2-Organizational Management Task 1 A1. As the chairman of the board of the Utah Opera‚ Bill Bailey is in a position of influence to motivate the Opera’s board of directors to oppose a merger with the Utah Symphony by employing the use of Vroom’s Expectancy Theory. This theory suggests that people are motivated by three distinct determinants; valence (reward)‚ expectancy (performance)‚ and instrumentality (belief). Vroom believed that motivation is a result of the level to which a person desires
Premium Motivation Authority Orchestra
Biochemistry Western Governors University A: Fats are made up fatty acids and a glycerol. They are stored in cells known as adipocytes throughout the body. When the body needs energy the stored fats are broken down through the process of metabolism and beta oxidation (Livestrong.com‚ n.d.). For example‚ triacylglyceride or triglyceride are broken down into their separate parts‚ fatty acid chains and a glycerol. The body will always metabolize the glycerol first because it is easier
Premium Nutrition Fat Metabolism
Bolman & Deal (2013) state‚ “organizations are coalitions of different individuals and interest groups”. The school district is governed by members of the school board. These citizens elected from their community make decisions about educational programs based on community needs‚ values‚ and expectations. The board is responsible for putting the interest of students above all other measures. The responsibility of hiring a superintendent is bestowed upon the board of trustees. Once the board
Premium Education Management Teacher
EST 1 TASK 1 Your Name Western Governors University # Student Id EST 1 Task 1 According to the current situation Company Q has a damaged attitude toward social responsibility within their company‚ all because of low profits being made. Due to high crime rates in certain areas the company has been closing off stores‚ not realizing the problem they have caused. The people that live in the prospected area where the stores where closed are now forced to travel further
Premium Employment Organic food Donation
JHT2 Strategic MGMT Task 1 B/B1- My original strategy was to focus on the niche market‚ only have 50 different pairs of shoes‚ higher quality and higher price. But I saw that the market was a lot different at first then that and that I was in 8th place. I decided to change after the first round to be more of a lowest price‚ match the features and performances of everyone else‚ but also have the biggest availability of everyone. This worked out for me up until the 17th round‚ I thought that I had
Premium Marketing Supply and demand Revenue