The average variable cost (AVC) in the short run and long run is ‘U’ shaped. Average variable cost is the total variable cost per unit of output‚ found by dividing total variable cost by the quantity of output. Thus if a firm produces X2 units of a commodity at a total variable cost of TVx2 the AVC of producing these two units of output is given as Average variable cost decreases with additional production at relatively small quantities of output and then eventually increases with relatively
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What is meant by style and stylistics? Style is concerned with the artful expression of idea and stylistics is the bridge that links the idea of style to the analysis of literary texts through the tool of linguistics. The 19th century‚ that witnessed evolution in the field of biography‚ historiography‚ anthropology and others‚ could not remain unattached to immutable linguistic and stylistic norms in literature. Linguistic study was esoteric in the beginning and severely criticized as‚ "pretension
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“When something terrible happens‚ the idea that ‘it is meant to be…’” The statement is false. Terrible things occur due to fate‚ which occurs due to one’s own decisions. The Holocaust for example‚ Hitler made the decision to enslave Jews and other undesirables‚ which ultimately led to their demise. It was Hitler’s decision to purge Germany‚ and his decisions had an impact on multiple families across Europe. Fate does not occur without reason. Fate is simply the result of an action or an occurrence
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The Effect of Starch on the Activity of Amylase with pH Variable Lab Report‚ Fall 2011 East Tennessee State University Department of Biological Sciences By: Shelby Brackett Date Performed: October 10‚ 2011 Lab Instructor: Joseph Kusi Biology 1111‚ Section 018 Abstract Enzymes are very important in chemical reactions. They are used to speed up the reaction taking place. They act by binding to a specific substrate and form an enzyme-substrate complex that may put stress on chemical bonds
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affects the market researchers’ decision related to the marketing mix. The change in the political environment causes a change in the marketing strategies such as pricing‚ promotional decisions. The change in technology also affects the marketing variable decision of the marketer. Importance of Marketing Research Marketing research could be defined as the gathering of the relevant
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Variables 1 Corporate variables ADD1 -- Address Line 1 ADD2 -- Address Line 2 ADD3 -- Address Line 3 ADD4 -- Address Line 4 ADDZIP -- Postal Code BUSDESC -- S&P Business Description CITY -- City CONML -- Company Legal Name COUNTY -- County Code DLRSN -- Research Co Reason for Deletion EIN -- Employer Identification Number FAX -- Fax Number FYRC -- Current Fiscal Year End Month GGROUP -- GIC Groups GIND -- GIC Industries GSECTOR -- GIC Sectors GSUBIND -- GIC
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businesses are transforming labor into a more flexible (and variable) cost. Among such companies are Hewlett-Packard‚ General Electric‚ DuPont‚ Sun Microsystems‚ and British Airways. Discuss whether direct labor is a fixed or a variable cost. What are the pros and cons of management treating direct labor as a variable cost? Are there ethical issues to be considered here? Direct labor can be classified as a fixed cost or a variable cost‚ depending on how flexible the employer needs to be/can be
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Assignment: Fixed and Variable Costs‚ Break-Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their
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What is meant be the term “intangible asset?” Intangible assets are defined as identifiable non-monetary assets that cannot not be seen‚ touched or physically measured‚ which are created through time and/or effort and that are identifiable as a separate asset. Corporate intellectual property (items such as patents‚ trademarks‚ copyrights‚ business methodologies)‚ goodwill and brand recognition are all common intangible assets in today’s marketplace. Intangible assets have 3 critical attributes
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When companies accumulate costs‚ they generally use either a job order or a process costing system. The type of system used often varies based on the type of product or service provided. Examine your experiences with a current or former employer and a product or service provided by this employer. My former employer provided chiropractic care. Chiropractic is a health care profession that focuses on disorders of the musculoskeletal system and the nervous system‚ and the effects of these disorders
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