passions and interests people have make the world and economy thrive. “Individuals seek to maximize their own utility‚” and individuals maximize their utility in different ways based on their personal preferences. I also learned the expense of rarity. Availability is everything in economics. It has a lot of control over the market and the prices the public will pay for goods. For example‚ about a year ago the first frozen tart yogurt store‚ Lutz‚ opened in South Florida and it was an instant hit
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costs of production (including a “normal” return on owners’ investment) per month are: C = 20‚000 + 50Q + 3Q2 a. Express total profits (() in terms of Q. b. At what level of output are total profits maximized? What price will be charged? What are total profits at this output level? c. What market structure did you assume? Why? d. Would your answers in b change if the market for sewing machines were competitive? How? (Specify price‚ quantity‚ and profit levels
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What Is the Real Cost Of Employee Turnover The employee turnover rate and the retention of skilled employees is a major problem businesses face. "Conservative estimates put the cost of replacing a lost employee at 25 percent of the annual compensation amount. For the typical full time employee who earns $38‚481 and receives $50‚025 in total compensation‚ the total cost of turnover would amount to $12‚506 per employee." This being the case employee turnover is a major cost and can significantly
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Historical Development of Marginal Costing Marginal cost is the change in the total cost that arises when the quantity produced has an increment by unit. That is‚ it is the cost of producing one more unit of a good. In general terms‚ marginal cost at each level of production includes any additional costs required to produce the next unit. The concept of marginal utility grew out of attempts by economists to explain the determination of price. The term “marginal utility”‚ credited to the Austrian
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to be most convincing. I believe that when perceiving future outcomes the most effective way to come to a conclusion is by weighing it by how many would benefit and how many will suffer. In life there is a common understanding that everyone will not win however if more are winning than losing than it creates some form hope and trust in the human behavior. This option includes the greater good of the masses which in history has proven to be an acceptable condition. Prepare two-to-three paragraph
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plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Selected Answer: Correct Answer: innovation theory of profit innovation theory of profit Question 3 5 out of 5 points The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn? Selected Answer: Correct Answer: Saturn sold cars below the prices of Honda
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was scary and dark a cold wasteland. - It effects the story because‚ it show all the lives that chris affected. Chapter three: Travelling is a way to escape and get away from the everyday struggles of life. Thoreau and Emerson believed that travellig lets you escape from life. - Foster says “The real reason for a guest never involves the stated reason. In fact‚ more often than not the quester fails at the the stated reason.” This employs that chris would fail at his “odyssey” and his quest “ he intended
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MARGINAL COSTING AS A COSTING SYSTEM Marginal Costing is a type of flexible standard costing that separates fixed costs from proportional costs in relation to the output quantity of the objects. In particular‚ Marginal Costing is a comprehensive and sophisticated method of planning and monitoring costs based on resource drivers. Selecting the resource drivers and separating the costs into fixed and proportional components ensures that cost fluctuations caused by changes in operating levels‚ as
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Privacy is often defined as freedom from the observation‚ intrusion‚ or attention of others. If that was taken away from daily life the world would become a collection of omniscient beings that walk around with potentially harmful information about those surrounding them. Stalking would be unnecessary because the internet would do all for the work for us. Social networking sites are creating many such concerns. One of the most widely known social networking sites is Facebook. When reviewing Facebook’s
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"We Real Cool"‚ by Gwendolyn Brooks can be regarded as one of the most influential poems for the black community in the 1960’s. Brooks displays intense passion within the poem. If the reader does not feel the black struggle within the poem‚ they should read it again. Brooks wrote this poem at the peak of the black oppression in America. Blacks in America were not giving voting rights‚ and basically were second class citizens. Many blacks felt as though school could not help them in a system that
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