Bsbwor501 Final Exam

We can find the maximum profit in a feasible region by drawing profit lines and expanding them until we reach the outer most corner of the graph. An important thing to remember is that the maximum profit of an item will always be in the corners of the feasible region. Once we create a profit equation, we continue to move the profit line up until it has reached the farthest region to the right. That is where your maximum profit is located on the graph. To find the exact point you can use systems of equations on the two equations of the two intersecting lines (which is talked about in Homework 23 and 26). Now with this point we can plug the point into the profit equation and find the total profit.

The calculation has proven that contribution margin of Model S is higher than Model LX. In conclusion, all resources should be allocated to produce Model S up to its maximum production capacity.

Use the lecture folder to help you complete this guide. The more detail you can provide the better prepared for the test you will be.

The budget analysis shows that the labor hours of the firm are higher than the budgeted amount. As such, the firm needs to evaluate the cost benefit analysis of making or buying their products. To make this decision, various factors need to be considered. Before making the decision, Peyton needs to evaluate the marginal costs and revenue of making versus buying the products. The firm should take the option which provides the highest marginal profit which is the

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

Cleanse is an Australian body soap company who produce and wholesale their products out to supermarket chains such as Woolworths and Coles. The company has been operating for over 3 years and has established a head office in Brisbane and Sydney with over 200 employees in its Australian operations. In addition to its Australian operations, Cleanse also has a branch in Delhi, India where they produce the same product and wholesale Cleanse products

 3. Promoting transfer readiness and postsecondary enrollment along with further transitory pathways toward relevant employment, apprenticeships or job training.

The point of profit maximization for the firm in the given scenario occurs at a quantity of 8 units. At this point they have maximized their profit and as you can see to go beyond this point would cause the firm to incur economic losses.

I have examined task, tools and technology, knowledge, skills, ability, work activities and work context, interested code, work style and work values for job : 35-2014.00 –Cook and Restaurant, 21-1012.00 –Educational Guidance, School and Vocational Counselors; 27-2022.00-Coaches and Scouts. After reviewing the O.Net results, I will report my talents and lack of desire to do those occupations now, and aspiration to accomplish these positions.

Do you have an tasks that need to be completed? I’m ready for more tasks.

B. Has your firm, or any officer of your firm, been involved in any transaction in which the firm defaulted on a contract?

YOU MAY WANT TO PRINT THIS GUIDE, FIND THE LOCATION AND AREA OF THE CONCEPTS TO STUDY AND USE THIS GUIDE TO INSURE YOUR SUCCESS FOR THE FINAL EXAM.

* Use the profit maximization rule MR = MC to determine your optimal price and optimal output level now that you have market power. Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.)

Healthcare in the United States is changing which has given rise to new hurdles that must be overcome. One of the issues that we are currently facing in many tertiary facilities is the need for set criteria involving intensive care unit admissions and discharges. Throughout the country the total number of intensive care unit (ICU) beds are on the rise, but the current supply still outnumbers the demand (Cognet & Coyer, 2014). The cost of staying in an ICU is continuing to increase with technology, and there are limitations that insurance companies and the government have set forth to the number of days a patient can reside there dependent upon his diagnosis and condition. Intensive care units will continue to undergo strain due to high census, and decisions to discharge patients will be effected (Wagner, Gabler, Ratcliffe, Brown, Strom, & Halpern, 2013). Typically, the decision to have a patient occupy an ICU bed is based upon whether or not they are sick enough to be there or if they are well enough to be discharged to a progressive care unit (PCU) or medical surgical unit (Meyer, 2003). A progressive care unit is a step down from an ICU, but has stricter criteria for admission than a medical surgical unit based upon the patients medical status. Not all facilities offer a PCU, but the need for this level of care is continuing to rise with the number of ICU admissions increasing. Standardized guidelines for patient placement in

Please discuss the possibilities of increasing Kamp’s profit by using the formula for basic cost per unit and by reorganizing. Please use a concrete example to indicate how the board of Kamp can manipulate the unit costs for the types 2, 3, and 4 by reorganizing its cost information system. How, do you think, can the boards of the Vecu concern and the MB division determine whether Kamp manipulates data on unit costs?