Marginal cost

time Apple got 32 percent of the market share followed by Samsung 29 percent and Nokia at 13 percent. One factor always help Apple to maximize their profit, Cost minimization. It is about minimizing explicit costs (cost for raw material and wages). Apple does cost minimization by shifting its production to country where labour is cheap and cost of production is very less, China. They have partnership with Foxconn and Jabil. Foxconn manufactures IPads and IPhones for Apple and Jabil makes cases IPhone

intellectual and inventive production is free. “‘Free’ as in ‘free speech,’” Richard Stallman says, not “‘free’ as in ‘free beer.’”61 But we could hope that much of it would be both free of centralized control and low cost or no cost. When the marginal cost of production is zero, the marginal cost of transmission and storage approaches zero, the process of creation is additive, and much of the labor doesn’t charge—well, the world looks a little different.62 This is at least a possible future, or part of

The firms’ cost functions are C1(Q1) = 20 + 10Q1 and C2(Q2) = 10 + 12Q2. a. Suppose both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? How would your answer change if the firms have not yet entered the industry? If both firms enter the market, and they collude, they will face a marginal revenue curve with twice the slope of the demand curve: MR = 50 - 10Q. Setting marginal revenue equal to marginal cost (the marginal

suppose again that labor is the variable input and capital is the fixed input. Specifically, assume that the firm owns a piece of equipment having a 500-bhp rating. a. Complete the following table: Labor Input I (No. of Workers) Total Product Marginal Product Average Product 1 3 0 + 3 = +3 3/1 = 3 2 6 6 – 3 = +3 6/2 = 3 3 16 16 – 6 = +10 16/3 = 5.33 4 29 29 – 16 = +13 29/4 = 7.25 5 43 43 – 29 = +14 43/5 = 8.6 6 55 55 – 43 = +12 55/6 = 9.17 7 58 58 – 55 = +3 58/7 = 8.29 8 60 60

Assignment 2: Operations Decision Market Structure The market structure which the low-calorie frozen, microwavable food company is likely to operating in is the oligopoly structure whereby it could be either in a duopoly or not. A duopoly market structure is defined as a market structure whereby there are few firms in the same industry. This market structure that lies between the other two market structures, that is, monopoly market structure and perfectly

Marine conservation was traditionally focusing on resolving the common issue where commercial activities exploiting shared resources yielded private benefits of employment, economic benefits as well as increased harvests. In this process, resources were over-used (Bulte, et al, p.20). Therefore, a need rose to conserve the common marine resources to yield public goods of biodiversity and ecosystem services that are not taken into consideration by the marine policies. Unless the public goods nature

using smart hones as remote control for life , so it makes sense that they would want to use an app to look after their homes" (PULLAR-STRECKER, 2015) 1.2 STRUCTURE OF REPORT S.NO TOPIC PAGE . NO 1 Introduction 1.1 Summary 1 2 Discussion & Analysis 2.1 Cost of production 2.2 Market structure 2.3 Elasticity of price 3 - 5

in the number of hours used in production need to be investigated. Based on the variances identified, the firm need to increase the number of production hours so as to be effective in their operations. Also, the firm should ensure the costs incurred on the labor costs do not surpass the total income such that, the firm does not incur losses. While increasing the number of hours is a prudent strategy, the firm should consider the ethical matters affected by the increment. The firm should not be driven

artificial intelligence, and 3-D printing, the marginal cost of most manufactured items will fall close to zero. Consider software: while Windows 10 cost millions of dollars to develop, the cost to Microsoft to pushing out another copy over the internet is essentially nonexistent – about 20 minutes on a virtual server that is probably running dozens of instances of Windows. Consider the 3-D printed car. Once the printer is programmed, depending on the cost of materials, the car is very inexpensive.

The De Beers Group of Companies established itself in the diamond industry in the late 1800’s and it was only a matter of time until De Beers owned virtually every diamond mine in South Africa. Diamond distributors joined up with De Beers because of similar interests: they wanted to create a scarcity of diamonds, so that high prices would follow. Eventually, De Beers would establish exclusive contracts with suppliers and buyers, making it impossible to deal with diamonds outside of De Beers. For