In order to assess whether raising tuition will increase or decrease revenue we need to determine what revenue is. Total revenue is the number of dollars that an organization receives from people who purchase its products or services (Amacher & Pate, 2013). The formula to compute total revenue is to multiply the price of each unit sold by the quantity of units sold. tr = p x q or total revenue = price x quantity In the case of the Nobody State University, p (price) is the tuition students
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Egt Task 1 Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 TR TC $0.00 $10.00 $150.00 $30.00 $290.00 $50.00 $420.00 $80.00 $540.00 $120.00 $650.00 $170.00 $750.00 $230.00 $840.00 $300.00 $920.00 $380.00 $990.00 $470.00 $1,050.00 $570.00 $1,100.00 $680.00 $1,140.00 $800.00 $1,170.00 $930.00 $1,190.00 $1,070.00 $1,200.00 $1,220.00 Profit MR MC ($10.00) $0.00 $10.00 $120.00 $150.00 $20.00 $140.00 $140.00 $20.00 $340.00 $130.00 $30.00
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Ryanair Case Analysis 2012 Patricia Saylor EKATERINA KOUPRIANOVA Accounting June 2, 2013 From the perspective of Ryanair, the major issue facing the firm is its valuation in the long-term, known as its economic value. Although the firm maintains a bullish outlook, there are diverging opinions regarding the valuation of the firm among investors. The valuations of the firm vary widely, with stock price estimates ranging from 3.05 to 7.57 (fine facts, pg. 1, 2012). This range reflects discrepancies
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Differentiating Between Market Structures Daniel St.Germain Eco 365 November 18, 2013 Ed Hartmann Differentiating Between Market Structures ------------------------------------------------- University of Phoenix Material Differentiating Between Market Structures Table * * Compare the four market structures by filling in the table. * | Perfect competition | Monopoly | Monopolistic competition | Oligopoly | * Example organization | Vendor at a swap meet | Google
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Increasing, Decreasing, and Constant Returns to Scale 13/11/5 下午12:27 Safari 電源節約 按一下來啟動 Flash 外掛模組 Economics Increasing, Decreasing, and Constant Returns to Scale Increasing, Decreasing, and Constant Returns to Scale By Mike Moffatt Free Economics Newsletter! Enter email address Discuss in my forum Education Share Sign Up [Q:] I was wondering if you could help me. If I have a production function that has both labor and capital as factors, how can I tell if it is increasing
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Economics Exam 1 Study Guide Vocabulary * Opportunity Cost – the value of the opportunities lost * Total Cost – the “all or nothing” cost of engaging in any activity * Marginal Cost – describes how total costs change as I change the amount (or intensity) of the activity * Benefits – The advantageous or desirable outcome of an action * Inflation – an increase in the general level of prices * Absolute Advantage – the ability to produce the same good using fewer inputs than
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Cases Case 2.59 (Economic Characteristic of Costs, Closing a Department, Ethics) 1. Memo Dear Mr Cassaniti, Based on this situation, I suggest that you should using outsource service (Universal Plastics Corporation) and close your Printer Case Department. From this analysis, you can save the total costs RM 40, 500 from salary supervisor and rental department building. The cost only rent warehouse after finish up production from Universal Plastics
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Thomas Money Service Inc. established in 1940 with the intent of providing small loans for household needs. The success of the company has led them to expand their services which include business loans, business acquisition financing, and commercial real estate loans. In 1946 Thomas merged with a company that specialized in equipment financing called Future Growth Inc. This merger, although was a risky move was a proven success for The company as they became a competitive company in forestry and
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1. Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles? This work is often contracted out to office maintenance firms, and both technology and labor requirements are very basic. Supply and demand conditions in this perfectly competitive service market in New York are: QS = 2P - 20 (Supply) QD = 80 - 2P (Demand) where Q is thousands of hours of floor reconditioning per month, and P is the price per hour. Determine the market equilibrium
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Why might a business firm pursue other objectives besides the objective of maximum profits? What objectives other than profit maximisation might a firm pursue? Is this possible in a competitive world? The traditional theory of business behaviour tends to make a general assumption that businesses possess the information, market power and motivation to set a price and output that maximises profits. Profits being defined as the difference between the total revenue received by a firm and the total
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