Egt1 Task 1

The problem identified in this paper is the low margins in the industry. Because margins are low, the profitability of individual companies depends on high

15. In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is ( )

Rivers can help develop different civilizations such as the Nile River. This great river measures thirty five hundred miles through many different countries (Orlin, 2010). The Nile helped to bring life, security and dictated how the people planned activities throughout the year. For example, the farmers would seed the land after the Nile would start swell and then recede to its normal banks (Orlin, 2010). This helped the seedlings to grow and then produce bountiful harvest. The Nile provided security for the Egyptian people by allowing the reeds and natural grasses around the bank of the river (Orlin, 2010). This would allow any enemy that wanted to attack to not

The numbers of firms that produce identical products or goods which are homogenous are called market structure. Industrial regulation is the government regulation on an entire industry with the objective of keeping a close eye on the industry prices and take advantage of consumers. Rules set by government and agencies that help control the operations of businesses who may demonstrate monopoly power in their organization. Monopoly may lead to consumers being exploited (higher prices) and consumers paying way too much for a product.

Prior to meeting for the Problem Identification, Stage 1, Ms. Bellot and I spoke on the phone and I briefly explained what consultation and the collaboration efforts that would be needed in the process. She agreed to participate in the consultation process and she was asked to complete a Social History form to gather additional background information on Brianna. Ms. Bellot understood the questions and did not omit any answers.

Thank you for your response on DA 10.2014.345.1 at 371 – 377 Liverpool Road, Ashfield. We wish to confirm that ALAND has closely reviewed, analysed and evaluated on your recommendations for the above-mentioned project to improve the safety of occupiers and their property.

References Discover credit # xxxx-xxxx-xxxx-1565 was never used, and there was balance on the Account. The account was closed on August 29, 2015.

I would advise the CEO that to better serve the company’s desire we would start with a strategic plan by setting goals and objectives. It would be best to elicit the opinions of every staff member on how they feel about the company’s goal. After listening to the staff opinions on how best to implement the goals, a plan is to be put in place detailing the steps by steps on how to achieve each tasks. I would emphasize to the CEO the importance of setting goals and communicating them effectively to the staff members, especially those who will be the managers. Additionally, the CEO is to consider the needs of each individual in the company. It is important to address both the task and the needs of the employees ( Phillips & Gully, 2014).

D. employ the combination of resources that will produce the profit-maximizing output at the minimum cost

The Marginal Cost graph intersects the Average Total Cost graph and the Average Variable Cost graphs at their minimum points. As long as the cost of producing one additional unit remains less than average total cost, the average total cost continues to fall. When marginal cost finally exceeds average total cost, average total cost begins to rise in response. The same effect applies to the relationship between marginal cost and average variable cost.

Decisions will be made by using the concepts of marginal costs and marginal revenue to maximize profit. A mix of pricing and non-pricing strategies will be

The second and final option is to analyze marginal revenue and marginal cost. This process is done by comparing the amount each additional unit of output is costing and adding it to the total revenue and total cost. Unfortunately, this information was not made available for this

Refer to Figure 14-5. When market price is P3, a profit-maximizing firm's profit a. can be represented by the area P3 Q3. b. can be represented by the area P3 Q2. c. can be represented by the area (P3-P2) Q3. d. is zero.

A profit-maximizing monopolist like this company would choose the output where MC=MR. This output will be somewhere over the price range where demand is price elastic and will be sold at the price consumers will pay. If the total revenue is higher than the production costs, it will make

There are two types of costs, the direct ones, which are easy to identify as they are “directly” referred, linked to the product or service, which can be traced directly, straight and fully to the product, (e.g. material cost, labour cost, direct expenses, which are known as prime cost as well), generally, direct cost are considered, variable cost, as the cost increase when quantity/output increases, and indirect cost (overheads), which are not directly related with the production, but they are needed to proceed with the production, for example, in a coat manufacturing company, the leather is seen as direct cost, because is a prime material needed for the production, and traceable, while, for example, light and heating are not directly part of the final coat, but they were still necessary in order to finish the product, indirect cost are considered fix cost, as they do not change, if the production quantity increases or decreases.