CONFIDENTIAL AC/APR 2009/MAF220 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME : : : : COST ACCOUNTING 1 MAF220 APRIL 2009 3 HOURS INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of five (5) questions. Answer ALL questions in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists
Words: 1423 - Pages: 6
technology that allows him to transform a piece of writing into a digital format for audio and or reading. This proposal will also discuss basic recommendations on how Mr. Will Bury may increase his revenues, adjust variable and fixed cost in efforts to maximize profits, reduce costs, and achieve ideal production levels. Mr. Will Bury holds the registered trademark on this audio and digital technology that is to be converted; therefore, by definition this business is considered a monopoly (McConnell &
Words: 1241 - Pages: 5
profit. B) incurring an economic loss of $600. C) incurring a economic loss of $200. D) earning an economic profit of $200. 6) The figure above shows a perfectly competitive firm. The firm will shut down in the short run if A) total fixed costs exceed $200. B)
Words: 1855 - Pages: 8
limitations and technological concerns ahead in the future. This business proposal with discus methods to increase Will Bury’s revenue, profit-maximizing quantity, marginal cost and marginal revenue, mixture of pricing structures, determine his business fixed and variable costs, product differentiation and techniques to minimize production cost. The elasticity of demand and market structure of the company is review in this proposal. The knowledge and comprehension of the topics mention above will aid
Words: 1298 - Pages: 6
to expand their business, borrow money, attract investors, and hire more employees. Understanding when or if the company is profitable can be somewhat overwhelming at first, but by applying the principals of total revenue, total cost, marginal revenue, and marginal costs the process of determining profitability is simplified greatly. In order to understand how the principles of economics affect the profitability of a company it is important to understand what each principal is. The first principle
Words: 1015 - Pages: 5
BUS 100 WEEK 6 QUIZ 6 CHAPTER 9 STRAYER LATEST To purchase this visit here: http://www.activitymode.com/product/bus-100-week-6-quiz-6-chapter-9-strayer-latest/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS 100 WEEK 6 QUIZ 6 CHAPTER 9 STRAYER LATEST BUS 100 Week 6 Quiz 6 Chapter 9 - Strayer Latest All Possible Questions included with answers. 1. Activity mode aims to provide quality study notes and tutorials to the students of BUS 100 Week 6 Quiz 6 Chapter 9 Strayer Latest in order to
Words: 559 - Pages: 3
CONTENTS INTRODUCTION……………………………………………………………………...3 CHAPTER I Perfect Competition Market……………………………………………..5 1.1. Perfect Competition Market Characteristics ……..………………….5 1.2. Perfect Competition Supply and Demand…………………………...9 CHAPTER II Perfect Competition Short-Run Supply………………………………..13 2.1. Short-Run Production Alternatives of a Competitive Firm………... .13 2.2. Short-Run Equilibrium and Supply Curve …………………………
Words: 12140 - Pages: 49
comprehend the relationship between marginal revenue and cost. For a company to properly understand marginal revenue and cost, it would have to determine how it is related to total revenue (TR) and total cost (TC). The TR is the total amount of money that a firm gets from, selling their products; the calculation to determine total revenue is TR=price X quantity. Total revenue is not considered profit though. Profit is actually total revenue minus total cost (profit=TR-TC). According to the scenario
Words: 568 - Pages: 3
vertically summing the individual demand curves for the buyers. Answer: B 3. Under pure monopoly, a profit-maximizing firm will produce: A) in the inelastic range of its demand curve. C) only where total costs are zero. B) in the elastic range of its demand curve. D) only where marginal revenue is zero. Answer: B It shows the demand schedule facing Nina, a monopolist selling baskets. [pic] 4. Refer to the above table. What is the change in total revenue if she lowers the price from
Words: 1447 - Pages: 6
Questions 2 to 4 — The following figure shows the marginal cost, average fixed, variable and total costs for a firm: 2. In the above figure, A) curve A is the marginal cost and curve B is the average variable cost. B) curve A is the average variable cost and curve B is the average total cost. C) curve A is the average variable cost and curve D is the average fixed cost. D) curve A is the marginal cost and curve B is the average total cost 3. In the above figure, what is roughly the minimum efficient
Words: 2814 - Pages: 12
