hours/month will he ride his motorcycle? How many hours/month will he grow orchids? Explain your answer. The Rational Spending Rule stipulates that spending is allocated across goods so that the marginal utility per dollar is the same for each good. Namely, [pic] Where, MUM = the marginal utility of motorcycle riding; MUO = the
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Private Grant Discounting tuition towards disaster. Study the effects of college tuition discounting. Findings indicated that: 1. At least 1/4 of the colleges and universities used discounting strategies that resulted in large losses of tuition revenue 2. Institutions with the greatest increases in discount rates raised their spending on institutional grants by $3,375 per undergraduate, but their tuition and fee revenue grew by just $3,069; 3. Discounting strategies do not appear
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WORKSHOP III – SOLUTIONS OF SELF-STUDY PROBLEMS P 7-5: Massey Electronics a. The following table presents the allocation of the $9.5 million of shared manufacturing overhead using the four proposed schemes. Direct labor hours Direct labor dollars Direct material dollars Square footage Allocated overhead based on: Direct labor hours Direct labor dollars Direct material dollars Square footage of plant b. Texas 3,000,000 $60,000,000 $180,000,000 200,000 Mexico 4,000
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efficient processes. Marginal revenue to marginal cost - For firms to find the maximum profit point, they view the marginal revenue (MR) – which is the total gain in revenue from selling an additional unit of product. The marginal cost – (MC) is the total additional cost of producing one more unit of product. A company will continue to produce more product as long as the additional unit produces more revenue than cost. So firms should continue to produce more output until marginal revenue is equal
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In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good.[1] In essence, the demand for one is dependent on that whose demand its demand is derived from. For example, if the demand for a good such as wheat increases, then this leads to an increase in the demand for labour. For another example, demand for steel leads to derived demand for steel workers, as steel workers are necessary for the
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SUPPLY CHAIN NOTES CLASS 3 JAN 20 2016 ANSWER: B ANSWER: D ANSWER: C ANSWER: B ANSWER: A ANSWER: WE HAVE INCREASED DELIVERY TO STORES, COST ARE LIKELY TO HAVE GONE UP AND CUSTOMER SERVICE LEVELS UP. D. ANSWER: C ANSWER: E ANSWER: D ANSWER: A Answer: C Answer: D Raw materials purchased represents: well over 50% of sales for most major manufacturers. Answer: C Answer: D Total cost of ownership Bull Whip Effect: lack of synchronization among supply chain members
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------------------------------------------------- BUSINESS ACCOUNTING AND FINANCE (ACC501) ASSIGNMENT ONE Question 1 Answer A: Qualitative factor: Qualitative factor are element and these elements highlights company performance. These elements include profit margin, turnover rates, and management style. Qualitative factors highlight by incremental analysis. Qualitative factor may include :( 1) effect on staff member confidence, routine
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BUSINESS Application Problems week 1 - 7 - Grantham IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/BUSINESS-Application-Problems-Week-1-7-Grantham-54363333.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Application Problems 1 1.(a) “Managerial Accounting is a field of accounting that provides economic information for all interested parties.” Do you agree? Explain. (b) Joe Delong believes
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Task 1 Simulation Trials QUANTITATIVE ANALYSIS Competency 309.3.1: Decision-Making Models - The graduate uses optimizing models and other models as aids for making more informed decisions. ________________________________________ Introduction: In this task, you are asked to conduct a small number of simulation trials. This task should be completed with manual calculations. Please be aware that the simulation results of such a small number of trials would not be sufficient for one to draw
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(2)Supply(single firm) | (3)Profit orLoss per unit | (4)Supply(1500 firms) | $ 26 | | | | 32 | | | | 38 | | | | 41 | | | | 46 | | | | 56 | | | | 66 | | | | 3. Explain: “That segment of a competitive firm's marginal-cost curve that lies above its average variable-cost curve constitutes the short-run supply curve for the firm." 4. Now assume there are 1500 identical firms in this competitive industry; that is, there are 1500 firms, each of which has the same
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