consumers. In allocative efficiency price is equal to marginal cost of production. At this price consumer will willing to pay as it is equivalent to marginal utility. Allocative efficiency is used when firm minimize the cost of input require to produce given number of outputs. This is maximizing the input or output ratio. This can be better explain with the help of diagram given below. Graph: Explanation: • If the marginal cost was $10, and customer were only willing to pay $5
whole. The average amount of money people usually spend across the nation is anywhere between $4,000 to $11,000 according to a recent study of costs per plastic surgery across the nation. According to the article, “Average Cost of Popular Plastic Surgery Procedures” by Trudi Bonomi, “If you are currently researching plastic surgery procedures, you may have noticed that pricing information is missing from many plastic surgeon’s websites. The primary reason for withholding procedure costs often comes
therefore arguably, not the optimum). In the long run under monopoly, supernormal profits persist. Under perfect competition complete freedom of entry leads to the elimination of these profits and forces firms to produce at the bottom of the long run average cost curve. Under monopoly however, there are barriers to entry so as to prevent new firms from entering the industry and reducing the monopolist's profits to the normal level. Higher prices and lower output thus continue to persist in the long run
Statistics Project to Compare House Prices Comparison of House Prices' in two areas: Hypothesis: I believe that the house prices in the Consett area will be more expensive that the house prices in the Washington area. Introduction: I obtained a list of seventy houses for each area. I decided to do seventy, as I felt I would obtain a more accurate reading for my report. I attained my information from the internet, from various estate agents sites, www.harrington-brown.co.uk and
retailers. Prices of goods rose because of cost increase due to the rise in Average Total Cost. Average Total Cost is Total Cost (everything that is given up to pay for good) divided by Quantity (how many goods the firm produces). This will be driven up by the Variable Cost (costs that vary with the quantity of output produced) because of inflation; wage increase and cost of goods needed to produce the final good. With some firms rising having their Average Total Cost going up and not increasing price,
Rising Tuition Prices The skyrocketing price of college tuition is causing a tremendous concern over whether higher education will be a viable financial concept to the average citizen over the next decades. Some families have opted to explore different means of obtaining a higher education for their children as these costs escalate. There is overwhelming evidence that colleges need to restructure the way they are run because tuition prices are increasing at a rapid rate causing changes in the
= α + βX (ignoring the disturbance term “e”) gives the average relationship between the values of Y and X. For example, if Y is the cost of goods sold and X is the sales, and α = 2 and β = 0.75, and if the sales are 100, i.e., X = 100, the cost of goods sold would be, on average, 2 + 0.75(100) = 77. However, in any particular year when sales X = 100, the actual cost of goods sold can deviate randomly around 77. This deviation from the average is called the “disturbance” or the “error” and is represented
the individual ratios seen in exhibit 1 and comparing it to the industry average shown in exhibit 2 gives a sense of where this company stands. Current ratio and quick ratio are really low and have been decreasing. For 1995, the current ratio is 1.15:1, which is less than the industry average of 1.60:1, however to give a better sense of where this stands in the industry, as seen in exhibit 3, it is actually less than the average of the bottom 25% of the industry. The quick ratio is 0.61 is less than
Digital Encoding and Music Sharing Computers have revolutionized the world of music. Through the Internet, users can get any type of music at little to no cost. They practically eliminate the need to purchase new CD’s. This new concept is made possible through the process of digital encoding. The Internet is only a tool allow the freedom of sharing music. Mp3’s are the most popular form of encoded digital music and are the most readily available for the Internet. Most Mp3 players are played
yield a big reward when applied to a mass-produced item. Body In this project we are presented with the following information: bounds for pricing decisions, market share determination, the product explosion matrix, sales history (units per month at average price), unit value, setup man-hours, running man hours, initial workforce, value of inventory, on hand units. We also know that we have eight end products, four subassemblies, eight parts, and four raw materials. The eight end products are comprised
An investor, portfolio manager, fund, or other investment specialist produces a better return than the market average. The market average can be calculated in many ways (some of which are shady and used to make it look like someone has exceeded market returns), but usually a benchmark like the S&P 500 or the Dow Jones Industrial Average index is a good representation of the market average. If your returns (which you can learn how to calculate here) exceed the percentage return of the chosen benchmark
According to the financial information of Shred415 given in the EY case file, the average revenue per class from all seven of your locations are about $405 with an average fee paid per class of $20.25 which means there’s about 20 people going to class on average. While, on average, 20 people being in class is great, there is still room for more customers to fit in these classes. So to attract more locals of the Chicago land area to join Shred415, we are offering a Refer-A-Friend discount for one
Marriott's corporation: the cost of capital What is the weighted average cost of capital for Marriott Corporation? Are the four components of Marriott's financial strategy consistent with its growth objective? Marriott Corporation is an international company who's the growth over the year has been more than satisfactory. In 1987, Marriott's sales grew up by 24% and its return on equity stood at 22%. Moreover the sales and earnings pr share has doubled over the previous year. The company
pieces of equipment do they use? How do they use those pieces of equipment? Why ventilation is so important and why do they take certain precautions when using their equipment? Growing up in the woods has made my life a lot more different than an average city slicker. You see, I have a thing about fire. It is one thing that is very interesting to me. Some things that are interesting about fire is that it grows very fast and it is very dangerous, but that never stops me from playing with it. No, I’m
Remco de Waard Financial Management Case: Nike Inc.: Cost of Capital HULT International Business School March 2, 2014 1. Introduction Miss Ford is a portfolio manager for Northpoint Group, a mutual-fund management firm. Kimi is considering buying shares of Nike Inc. for the NorthPoint Large-Cap Fund she is managing. A week before starting the research, Nike had presented the fiscal year 2001 results in an analysts meeting. Main purpose of this meeting was to communicate the new strategy to revitalize
26.05 27.00 25.85 25.90 26.10 Titration 26.45 25.95 26.05 27.00 25.85 25.90 25.90 pH slightly acidic neutral slightly acidic slightly acidic slightly alkali neutral neutral So the average of the closest three titration results are is: 25.95 + 25.90 + 25.90 / 3 = 25.92 The mass of Na2CO3 I used is 2.67g and the relative molecular mass of Na2CO3 is 106. So the number of mols of Na2CO3 I used was: 2.67 / 106 = 0.0251 mols in
hypothesis: American students are constantly scoring below the national average in academic testing. In order for Tsao to complete her study, she came up with specific research questions and hypotheses for her study. The study done in 2004 was to determine why is it that Chinese students are constantly amongst the top scorers in cross-national studies of achievement and American students are constantly below the national average. Dr. Yea-Ling Tsao gives an example early on in her article about how
based on the local row average to binarise the current line using that threshold. We then extend this technique to a moving window of different sizes. Method For the first part of the assignment, we develop a method based on the local row average to binarise the current line using that threshold. We consider each individual row at a time; calculate the average brightness value for that row based on the brightness values of all the pixels in that row. We then use this average value to binarise that
with televisions. In a survey I conducted to test the two generations. The 40+ age group (parents), and the 15-25 age group (children). The following results were found: In the 40+ age group, as a child: 50% watched an average of 5-6 hours per week 50% watched an average of 7-8 hours per week ... ... middle of paper ... ...our direction” (p. 163). He goes on to say that “If we’re ever to recapture these fundamental kinds of information, it’s necessary to start by remembering just how
most Americans' lives. For some, it is mainly a source of information. For others, television takes on a much more significant role. Many Americans spend hours of their daily life in front of the tube, but are the people entwined in the plot of the average sit com., or are they trapped by the clutches of perpetual, mind- numbing entertainment. Addiction is a strong word. It is now even considered a disease. It conjures up images of a ruthless person, willing to kill for his next fix, or the angry drunk