Marginal costs - Samenvattingen, Aantekeningen en Examens

ECS2601 Assignment 4 Semester 2 (ANSWERS) Question 1 Complete Mark 0.00 out of 2.00 Flag question Question text When a profit-maximising firm is at its short run optimum, a. none of the options will be true. b. the average cost of the product is at its lowest possible point, whether a profit is being made or not. c. the profit per unit of output will be at its maximum possible level. d. the firm will be shut down if its price is less than the average fixed cost. Question 2 Comp...

Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What impact might this tariff have on the price for domestic consumers? - ANSWERS...

Marginal cost - Answer The costs associated with each additional unit produced. Open source software (OSS) - Answer Software that is free and where anyone can look at and potentially modify the code. Cloud computing - Answer Replacing computing resources--either an organization's or individual's hardware or software--with services provided over the internet. Software as a service (SaaS) - Answer A form of cloud computing where a firm subscribes to a third-party software and re...

The transport sector, particularly road transport, plays a crucial role in the South African economy by facilitating the efficient movement of goods and people across the country. The proficient management of transport enterprises is imperative for their fiscal sustainability and enduring viability. The understanding and application of cost concepts in the process of decision-making play a crucial role in attaining maximum efficiency. This essay explores the fundamental cost concepts that pertai...

MAC3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 12 September 2024. MAC3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 12 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. QUESTION 1 (25 marks; 45 minutes) Lesidi Limited, a company listed on the Johannesburg Stock Exchange (JSE), specialises in manufacturing paint. Their flagship product, Yizo, has been rated the best paint by the South African Paint Association for the past ten years. This top...

MAC3761_ STUDY SUMMARY NOTES. TOPIC 1 Cost Objects A cost object is any activity for which a separate measurement of costs is desired. In other words, if the users of accounting information want to know the cost of something, this something is called a cost object. Examples of cost objects include the cost of a product, the cost of rendering a service to a bank customer or hospital patient, the cost of operating a particular department or sales territory or indeed anything for which ...

Test Bank for Microeconomics, 3rd Canadian Edition 3ce by Glenn Hubbard, Anthony Patrick OBrien. Full Chapters test bank included 1 Economics: Foundations and Models Economics in Your Life and Career: How Much Will You Pay for a Cup of Coffee? Three Key Economic Ideas People Are Rational People Respond to Incentives Apply the Concept: Does Canada’s Health Care System Contribute to Obesity? Optimal Decisions Are Made at the Margin Solved Problem: 1.1 Binge Watching and Decisions at...

ECS2606 Assignment 1 Semester 2 2023 (ANSWERS) QUESTIONS ASKED: Assignment 01 Answer ALL the Questions 1. An industry supply curve can be derived under competitive conditions, where each firm receives the same output price. Considering this fact, what is the relationship of this procedure to the equimarginal principle? [5] 2. Considering the definition of a public good, is a library a public good [5] 3. Consider the possibility of putting in effect a new law requiring oil tankers i...

Test Bank for Designing and Managing the Supply Chain 4e 4th Edition by David Simchi-Levi, Philip Kaminsky and Edith Simchi-Levi. ISBN 7709 Full Chapters test bank included CHAPTER 1: INTRODUCTION TO SUPPLY CHAIN MANAGEMENT Chapter 1 Introduction 1.1 What Is Supply Chain Management? 1.2 The Development Chain 1.3 Global Optimization 1.4 Managing Uncertainty and Risk 1.5 Supply Chain Segmentation and Customer Value Proposition 1.6 The Evolution of Supply Chain Management 1.7 The Comp...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...