THEORY OF COST LECTURE OUTLINE 1 2 2.1 2.2 2.3 2.4 2.5 2.6 3 3.1 3.2 3.3 INTRODUCTION SHORT-RUN THEORY OF COST Distinction between fixed cost and variable cost Total cost Marginal cost Average cost Relationship between marginal cost and average cost Optimum capacity LONG-RUN THEORY OF COST Cost minimisation in the long run Long-run average cost Productive efficiency References John Sloman‚ Economics William A. McEachern‚ Economics Richard G. Lipsey and K. Alec Chrystal‚ Positive Economics G
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Factors That Influence Exchange Rates Aside from factors such as interest rates and inflation‚ the exchange rate is one of the most important determinants of a country’s relative level of economic health. Exchange rates play a vital role in a country’s level of trade‚ which is critical to most every free market economy in the world. For this reason‚ exchange rates are among the most watched‚ analyzed and governmentally manipulated economic measures. But exchange rates matter on a smaller scale
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Topic: International Investing Project Student Name: Tutor: Question 1(a) Fiqure: 1(a) Figure 1(a) above shows a graph snippet of the performance of the Nokia stock against the performance of the finland’s stock market. A relationship can be identified between the two graphs as changes in the finland’s stock market translate to changes in the Nokia stock in the same direction. When the performance of finland market goes up‚ the Nokia stock performance goes up and vice verser. An increase
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How to get the best results from VoIP In this project‚ the discussion will be on how to get the best results from VoIP. Firstly‚ use the four basic rules in selecting the right Codec. Rule one; using band with 64k or less one must use G.729‚ G. in choosing 723 or alternative one determines the right Codec to use for VoIP? In making the choice of what codec to use in VoIP‚ low bandwidth codec. Rule two; use the best codec possible by decreasing the Mean Opinion Score. Rule three; Use of more
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P8-1 a) Expected Rate of Return $ $ $ Y 55‚000 6‚800 55‚000 X Previous Market Value Cash Flow Current Market Value X 20‚000 $ 1‚500 $ 21‚000 $ Y 12.50% 12.36% X: rt = (Ct + P rt = ($1‚50 rt = 0.125 = b) Both investments are equally risky. Keel should recommend Investment X because it has a Pt - Pt-1) / (Pt-1) Y: rt = (Ct + Pt - Pt-1) / (Pt-1) 0 + $21‚000 - $20‚000) / ($20‚000) rt = ($6‚800 + $55‚000 - $55‚000) / ($55‚00 = 12.5%
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Major Determinants of Interest Rates Inflation Inflation is a factor that decisively affects the nature or outcome of interest rates. “Inflation is an increase in prices of goods and services over time”(Financial Institutions‚ Instruments and Markets‚ 2012). Inflation is the natural byproduct of a robust‚ growing economy. No inflation‚ or deflation (the lowering of prices)‚ is actually a much worse economic indicator. Also‚ in a healthy economy‚ wages rise at the same rate as prices. A standard
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summary of the contents of the document.] compaq [Type the company name] [Pick the date] Contents Concept of Cost Accounting……………………………………………………………………03 Introduction……………………………………………………………………………………..03 Traditional costing v/s activity based costing…………………………………………………..04 Need for an Activity Based Costing……………………………………………………………06 Stages in Activity Based Costing……………………………………………………………....08 Cost Drivers…………………………………………………………………………………….09 Classification of activities………………………………………………………………...……10 Steps
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Analyse the main factors that limit the effectiveness of parliament? (25) 1. Point-discipline exercised by whips and party leaders prevents MP’s and peers operating independently. Divisions and standing committees are usually strictly whipped. Political information – the lobby fodder issue‚ where many MP’s are newly elected or too scared to stand up against their party in fear of demotion- Patrick Mercer Analysis- this shows that many MP’s are too scared to go against the party line‚ mainly
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Table of Contents Executive Summary.....................................................................................................................................1 Introduction.................................................................................................................................................1 Methodology and Results............................................................................................................................1 Efficiency........
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a. You might be wondering‚ what is VoIP? Voice over Internet Protocol is a technology that allows telephone calls to be made over computer networks like the Internet. b. The number of worldwide VoIP users is expected to surpass 300 million by 2014. c. VOIP has proven itself a worthy technological advance that will continue to re-shape the calling landscape in coming years. Today I am going to tell you the how VoIP works‚ advantages and disadvantages of VoIP and equipment needed.
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