MODULE 7: FINANCIAL ASPECTS OF EDUCATIONAL PLANNING BUDGETNG: its IMPLICATIONS TO EDUCATIONAL PLANNING A national budget indicates, in terms of manpower, money, machines and materials, the country’s total resources to be utilized for various activities during a specified period. It is scrutinized by the country’s legislature; it becomes a piece of legislation when the legislature approves its adoption. The annual budget of an educational institution is approved by the institution’s governing
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Figure 1.2 As shown in Figure 1.1, at a quantity of both 5 and 6; total revenue surpasses total cost by the greatest amount, which is $50. This permits for the greatest economic profit obtainable. However, as shown in Figure 1.2, at a quantity of 5, marginal cost is below marginal revenue by $4, which means the quantity sold needs to be increased. At a quantity of 6, marginal cost is equal to the marginal revenue, which means the firm is now able to maximise it’s profits. Therefore, the most efficient
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(which equals total revenue minus total cost). Because marginal revenue for a competitive firm chooses quantity so that price equals marginal cost (Mankiw, 2007). In short, the firm’s marginal-cost curve is a supply curve. When a firm cannot recover its fixed cost, the firm will choose to shut down temporarily if the price of the good is less than the average variable cost. However, in the long run when the firm is able to recover both fixed and variable costs it will choose to exit if the price
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Economics’ Approach to Financial Planning by Laurence J. Kotlikoff, Ph.D. |Executive Summary | |Economists long have shown that when it comes to consuming lifetime economic resources, households seek to neither splurge nor hoard, but | |rather to achieve a smooth living standard over time. Consumption smoothing not only underlies the economics approach to spending and
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able to analyse cost information within a business 1.1 classify different types of cost 1.2 use different costing methods 1.3 calculate costs using appropriate techniques 1.4 analyse cost data using appropriate techniques 2. Be able to propose methods to reduce costs and enhance value within a business 2.1 prepare and analyse routine cost reports 2.2 use performance indicators to identify potential improvements 2.3 suggest improvements to reduce costs, enhance value and
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time4education.com/ttse Photo by: nyul Ads by Google MBA - Supply Chain Mgmt. 100% Online backed by Textbooks Academic support,E-Library.Join Now utsglobal.edu.in Rapid eLearning Train your employees with Rapid eLearning, cut your business costs www.niidtech.com MBA Distance Education Online 1 Yr MBA @ 29000. Approved from AIMA India & IAD UK. Enrol Now www.iibmindia.in Papermaking Technology Download white papers on new papermaking machines and processes www.risiinfo.com/whitepapers
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ECO 550 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/eco-550/eco-550-complete-class/ Or Visit www.hwcampus.com ECO 550 Complete Class ECO 550 Week 3 Assignment 1 – Demand Estimation Imagine that you work for the maker of a leading brand of low-calorie microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April. For a refresher on independent and dependent variables
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ECO 550 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/eco-550/eco-550-complete-class/ Or Visit www.hwcampus.com ECO 550 Complete Class ECO 550 Week 3 Assignment 1 – Demand Estimation Imagine that you work for the maker of a leading brand of low-calorie microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April. For a refresher on independent and dependent variables
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and Application Total Cost When producing their new product Sony will have to know about several costs of production in order to produce efficiently and make a profit. Total costs are the sum of fixed and variable costs of production. Fixed costs are those which do not change with production but are always paid regardless of production levels. For a company like Sony these could include their rent for their offices and factories, the cost of their machinery or the cost of utilities needed to run
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University of California, Davis Department of Agricultural and Resource Economics ARE 100B Dr. Larson Spring 2014 Some Suggestions for Writing the Optional Class Paper Due Date: Friday, June 6, 2014 at 5 p.m. (Late papers lose 10%/day in grade.) The purpose of the paper: This provides an alternative way for you to demonstrate your understanding of the tools of economic analysis covered in this course, as applied to a contemporary public policy issue involving market power or other topics related
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