decide whether to purchase a house. o Discuss which principles of economics directly relate to your purchasing decision. o Compare the marginal benefits and the marginal costs associated with your purchasing decision. o Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that
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Axeon NV Project Review for the Production of AR-42 within the UK By Team 1- Ahsan‚ Biljana‚ Jason‚ Pavi‚ Silvia‚ Rick April 6‚ 2015 Table of Contents Executive Summary 3 Axeon N.V and The Hollandsworth UK Proposal 4 Analysis of the UK Proposal 4 Analysis of the Netherlands Proposal 5 Corporate Structure and Strategy 6 Transfer Pricing and Compensation 7 Recommendation 7 Appendix 9 Exhibit 1 –Axeon Sales Distribution 9 Exhibit 2 –Incremental Variable Cost 9 Exhibit 3 – Manufacturing in Netherland
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*_MC=MR___Q=110________ Approximate mark up over cost ___*__There would be no mark up over cost___ In the long run‚ the price falls to $7.50. Why does this happen? *The business operates at the minimum average total cost (ATC)‚ which at $7.50 is equal to the marginal cost. Price‚ Cost What is the new profit maximizing output? _*_Minimum Average Total Cost (ATC)____Q=90_________________ $12.50 MC $10.00 ATC P=MR $7.50 $5.00 $2.50 $0.00 10 20 30 40 50 60 70 80 90 100 110 120 130 ! Quantity Page !2
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older and inefficient generation plants which are normally not used but being used to fulfill high demand in peak hours and also distribution cost is high because of high demand for electricity creates transmission congestion. Smart pricing provides marginal cost will give a more comfortable using style to consumer and help to conservation of energy. In last part of the article express with mathematical calculations that installation of smart meters is highly cost-effective than adding new generation
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Part A – Microeconomics: Question 1: Indicate whether each of the following changes in price cause total revenue to increase‚ decrease or remain unchanged? Explain why. (2 marks each) a Price falls and demand is elastic; b Price rises and demand is elastic; c Price falls and demand is unitary elastic; d Price rises and demand is unitary elastic; e Price falls and demand is inelastic. Question 2: a Define‚ describe and illustrate with a diagram‚ one opportunity cost
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Week 7‚ Day 5 Xeco/212 Name deleted The purchase of a home has many benefits in the economy. The way the strength of the economy as a whole can affect the marginal benefits and the marginal costs associated with the purchase of a home are interest rates and home values. If the economy is good the value of homes typically increase‚ and interest rates will be driven by prime rate which is set by the Feds. When the rate is low people want to buy or refinance‚ but when the economy is poor there
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SIKKIM MANIPAL UNIVERSITY - DDE Bachelor of Business Administration – BBA Semester 4 BBA 402 – Management Accounting – 4 Credits (Book Id – B1713) Model Question Paper Duration: 2 hours Total marks: 140 _____________________________________________________________________________ Part A (1 Mark questions) (50 * 1 = 50 marks) 1. ___________ sets the targets for each individual‚ reviews their working and points out their effectiveness and inefficiencies. A) Responsibility accounting B) Ratio Analysis
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that it can increase labor productivity and‚ therefore‚ net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR = 1‚000 - 10P How much pollution reduction should Appalachian Coal Mining undertake? Set MC = MR
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transported is only a few tons between one another. c. What number of drivers appears to minimize the marginal cost of transportation assuming that all drivers are paid the same salary? Drivers 1‚ 2‚ and 3 appear to be minimizing the marginal cost of transportation assuming that all drivers are paid the same salary. Driver 4 seems to be within the median‚ neither minimizing the marginal cost of transportation nor maximizing efficiency. 2. The Palms Dry Cleaning Shop in Fort Lauderdale‚ Florida
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Answers of Managerial Economics Homework #2 Chapter 5~Chapter 9 1.Using figure 5.3 as a basis‚ construct a series of four figures to show the effect of an increase in the demand for tanker service on the market price when (a) demand is extremely inelastic‚ (b) demand is extremely elastic‚ (c) supply is extremely inelastic‚ and (d) supply is extremely elastic. Answer: [pic] [pic] [pic] [pic] 2.Industry researchers R.S. Platou predicted
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