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Question about Cost types
1. What marginal costs do Universities incur by offering more than one of the same classes? What marginal revenues do Universities earn from each additional class? How would you expect this marginal analysis to affect the volume of classes the Universities offers? Does Universities maximize profits?
2. How would you describe the balance between the costs of automation, or fixed costs, and the costs of labor, or variable costs? How has technology changed the balance between automation and labor? What type of industry benefits the most from technological innovation?
3. Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage?
4. What opportunity costs do you confront by enrolling in a MBA program? Does your organization or an organization with which you are familiar consider opportunity costs when evaluating strategic opportunities? For your organization, are opportunity costs fixed costs, variable costs, both, or neither?
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
What is the firm's cost function when the cost of pollution certificates is included? What is the firm's marginal cost function when the cost of pollution certificates is included? Derive the firm's supply function.
Use the following Information on a hypothetical short-run production function to answer questions a-c. Calculate the marginal and average variable product of each unit of labour input.
Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
Illustrate how you would use the rest of the information above to better assess the impact of the influx of immigrants.
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge? (Hint: compare a2 + b2 with (a + b) 2)
Calculate the appreciation or depreciation of the US dollar relative to the Japanese yen.
Compute the trucks net book value at the end of its third year of use under each depreciation method.
An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
Discuss the short-run movement toward equilibrium in the currency markets in a flexible exchange system.
Illustrate what would this typical basket have cost in the base year.
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