at an output level of 1000 units. What is the firm’s current profit? What is likely to occur in this market‚ and why? Total rev | 12500 | Total costs | 10000 | TC=ATC(Q) = 10 ( 1000) = 10000 Profit=TR-TC = 12500 - 10000 = 2500 In this case‚ the profit is positive however for perfectly competitive markets in this situation‚ there will be zero profits in the long-run. In this market‚ new firms will enter the market because of the attraction to profits which will increase market supply and reduce
Premium Economics Perfect competition Costs
31 References 31 Introduction The first section of this assignment presents the different types of business organizations that are present and their purposes. Then‚ by taking Shell company as the organization to discuss the rest of the tasks‚ it is analyzed how Shell meets the objectives of different stakeholders. The third section includes in general about the responsibilities of an organization and more specifically‚ the strategies used by Shell to meet those responsibilities are discussed
Premium Monetary policy Corporation Limited company
in four (4) sections Section A | Section A: Summary writing This section is made up of one compulsory question. In this section‚ you have to write a summary of a given passage or report. (There is no choice here‚ you have to answer the only question in this section.) You will be given a passage or report and asked to write a summary of it. The paper 2 directions state that in this section you must write in "continuous prose"‚ that is‚ you must write using paragraphs. You MUST NOT write
Free Short story Essay Writing
Scholarship Describe something you enjoy doing (could be inside or outside of school). Why do you like doing it? * Please write 4-5 complete sentences Briefly describe a time in your life (in school or out of school) when you found something challenging. How did you handle it? * Please write 4-5 complete sentences. Why is going to college important to you? * What responsibilities do you have in your home? * Personal Essay Section 1. Describe a community of which you are a part
Premium Change Power World
www.kenyalaw.org The Employment Act‚ 2007 THE EMPLOYMENT ACT‚ 2007 ARRANGEMENT OF SECTIONS Sections PART ― PRELIMINARY 1― Short title and commencement. 2― Interpretation 3― Application. PART II ― GENERAL PRINCIPLES 4― Prohibition against forced labour. 5― Discrimination in employment. 6― Sexual harassment. PART III ― EMPLOYMENT RELATIONSHIP 7― Contract of service. 8― Oral and written contracts. 9― General provision of contract of service. 10― Employment particulars. 11― Statement
Premium Employment
Introductory Section Pretest Introduction Welcome to the pre-assessment test for the Financial Accounting Online Course: Introductory Section. This test will allow you to assess your knowledge of basic and advanced financial accounting. All questions must be answered for your exam to be scored. Navigation: To advance from one question to the next‚ select one of the answer choices or‚ if applicable‚ complete with your own choice and click the “Submit” button. After submitting your answer‚ you will not
Premium Balance sheet Generally Accepted Accounting Principles
Economy‚ Orbis Inc.’s supply chain model was transformed from a: a) hub-like supply chain to a linear supply chain. b) linear supply chain to a hub-like supply chain. c) multiple layer supply chain to a single layer supply chain. d) single layer supply chain to a multiple layer supply chain. e) spoke like Ans: b Section Ref 1-1 Difficulty: Moderate 2. An office supply broker combines orders from fifteen small offices into a single order‚ which results in a much lower price for each
Premium Data management Data warehouse Data mining
December 17th 2012 In the United States today there are millions of corporations in many different industries. All of them must abide by the current taxation rules and regulations that have been set by IRS and congress. The Internal Revenue Code‚ which was originally founded in 1939‚ set the foundation for the codification that we have in place today. The code arranged all Federal Tax provisions in a logical order and placed them in a separate part of the federal status. Over the years‚ congress
Premium Taxation in the United States Tax Taxation
Chapter 9 Section 1 p. 240 Section Assessment 1-4 1. What is a public policy? A public policy is a goal a government creates and accomplishes them. 2. List and describe the three main ideas in which political parties and interest groups differ. Political parties focus on nominations‚ on their goals and on their interests. Interest groups may favor a candidate‚ but the political party is in charge of the nominations. The political party is more concerned about the person who will
Premium Public policy Government Political party
The Universal Declaration of Human Rights‚ Article 26‚ Section III “Parents have a prior right to choose the kind of education that shall be given to their children” To choose the kind of education parents want for their children has been violated the human right itself. Education has been regarded in all societies and throughout human history both as an end in itself and as a means for the individual and society to grow. Its recognition as a human right is de rived from the indispensability
Premium Human rights Universal Declaration of Human Rights