Economic and accounting concepts of cost

Assignment Help Business Economics
Reference no: EM131431756

180 words minimum for each of the questions and make sure to cover every question

1. What are the differences between economic and accounting concepts of cost? How would you manage the costs associated with a value-creation activity? How do costs of operations relate to the strategy of the organization?

2. How are prices determined under perfect competition? Think about a firm that you have done business with recently. To what industry does this firm belong? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? How does market structure affect the firm's ability to set the price for its products?

Reference no: EM131431756

Questions Cloud

What principle tools were used to develop the key findings : How did the DHS structure the NPR and what principle tools were used to develop the Key Findings or, Select any one of the 31 core capabilities and address your own assessment of the key findings.
How would you design your organization : If you could do anything you wanted in your current organization without constraints, how would you design your organization, and what would you change
Determine maximum capacity of the current production line : MOD002610 - Modelling & Simulation for Operations Management Assignment case study for Witness modelling and process improvement.
Describe the guidelines for electronic e-mail in health care : There are many emerging trends and information technology (IT) tools used in health care, such as e-mail between the patient and provider, e-prescribing, and computerized physician order entry (CPOE).Describe the guidelines for electronic e-mail i..
Economic and accounting concepts of cost : What are the differences between economic and accounting concepts of cost? How would you manage the costs associated with a value-creation activity? How do costs of operations relate to the strategy of the organization?
Description of implementation logistics : Description of implementation logistics (When and how will the change be integrated into the current organizational structure, culture, and workflow? Who will be responsible for initiating the change, educating staff, and overseeing the implementa..
What can be done to keep quality data : As part of the electronic health record (EHR) implementation process, it is necessary to ensure that the quality of data in the current systems is of high quality. Complete the following in 500 words:Discuss the importance of data quality, and giv..
Underlying relationship of law graphically : What is the law of supply? Illustrate the underlying relationship of this law graphically. Discuss the non-price determinants of supply.Give an example for a decrease in supply.
Write a paper on legislation communication : Write a paper on legislation communication. This written assignment requires you to investigate your local, state, and federal legislators and explore their assigned committees and legislative commitments.

Reviews

Write a Review

Business Economics Questions & Answers

  Absolute value of the slope of the supply curve

Suppose the following model of a small local market for burritos works perfectly in predicting the equilibrium: a demand curve, which is a downward-sloping straight line, crosses at one point a supply curve, which is an upward-sloping straight lin..

  Oligopolistic firm achieves profit maximization

List and explain the conditions under which the Oligopolistic firm achieves profit maximization and loss minimization. Be thorough. i. Using the MR MC approach, discuss how to determine when the oligopolistic firm maximizes profit or minimizes loss i..

  Qfor this assignment you are to continue using the fortune

q.for this assignment you are to continue using the fortune 500 verizon wireless company. the focus here is on its

  Annual operations and maintenance costs

A company purchased new equipment for $98,500 now and annual operations and maintenance costs of $9,500 per year for 5 years starting 3 years from now. What is the present worth of these costs if the interest rate is 7% per year?

  Analyze the effect on the economy in the short run

Consider the AS/AD model. Analyze the effect on the economy in the short run and in the long run after the following events: a). the Congress increases investment tax credits b). the congress decreases import tariffs. Determine in details how can mon..

  Find all pure-strategy nash equilibria

Consider a game that awards $30 worth of prize. There are three contestants: A, B, and C. Each of them decide to pay $15 or $30 for a ticket, or decide to buy no ticket at all. The three contestants make their decisions simultaneously and independent..

  Describe excess reserves make a bank less vulnerable to runs

Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.

  Prevent the increased government demand for loanable funds

Suppose the Fed tries to prevent the increased government demand for loanable funds from raising interest rates by increasing the supply of loanable funds through and expansion of commercial bank loans. Will this Fed policy succeed in preventing inte..

  What is value of autonomous saving

Anation's consumption function (expressed in millions of inflation- adjusted dollars)is: C=200+.80*DI. what is value of autonomous saving.

  Energy efficient vs economic efficiency

Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.

  Three macroeconomic factors that influence interest rates

Many managers do not understand the various ways that interest rates can affect business decisions. Describe two to three macroeconomic factors that influence interest rates in general. Explain the effects of each factor on interest rates.

  What is the welfare cost of monopoly

A monopolist faces the following demand curve: P = 120 - .02Q . The firms cost function is given by C = 60Q + 25; 000: Assume that the firm maximizes prots. What is the level of production, price, and total profit per week? What will be the level of ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd