Marginal cost

point at which a business makes neither a profit nor a loss, as the total costs are exactly equal to sales revenue.  Break-even is a useful tool in exploring the serviceability of debt by looking at the margin of safety, in a particular business profile.  The concept is that

you envision to the real economy, should Rifkin’s vision of a zero marginal cost society, become reality? For me, Jeremy Rifkin is a great social theorist. I’m mostly agreeing with him, with his conclusions and visions of the future economy. They looks like perfect and definitely it’s a “think big” way of delivering the information. His book “The Zero Marginal Cost Society” is must read, of course. Trigger is a zero marginal cost. I’m completely agreed with his “Internet of Things” thoughts.

Based on the table above, for country B, the opportunity cost of producing an additional unit of X is A) 4 units of Y per unit of X B) 2 units of Y per unit of X C) 3/2 units of Y per unit of X D) 1 unit of Y per unit of X 14) In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of Y is A) 1/2 unit of X per unit of Y B) 2/3 unit of X per unit of Y C)

This may have been a reasonable measure of the difference in the marginal cost of instruction had only one full-time instructor departed, but the net loss of three instructors turned staffing into a large decision. In the planning stage management accountants should be able to determine what are the relevant costs so that they can make a sound decision whether to take on a new project or make any modification to the current one. LPI did

Ch-7 1.2 What is the definition of marginal utility? What is the law of diminishing marginal utility? Why is marginal utility more useful than total utility in consumer decision making? Answer: Marginal utility is the additional utility that a consumer receives from purchasing one addition unit of a good or service. Law of diminishing marginal utility is the principle that for a given period time, the additional satisfaction experienced by consuming more of a good or service will diminish

The business that I am using will produce protective laptop cases. They cost roughly $30 to produce. The parts needed to produce the product should be kept in consideration, which mainly include a hard and sturdy plastic, molds to shape the cases, and pads for the bottom of the cases. The fixed costs per month are $4000, while the cost function is C(x)=30x+4000. Once I found the cost function, I found the revenue function. The revenue function is derived by multiplying the price per unit by the

|Low Overhead Cost. | |Low Variable Cost. |Higher Variable Cost. | |Superior Quality. |Slightly Inferior Quality.

SEMESTER 2014 MANAGERIAL ECONOMICS – BMME5103 ASSIGNMENT (60%) Name: NGUYỄN THỊ MINH HIỀN Class: MBAOUM0514-K14A Question 1 a. What is (are) the main difference(s) between a monopolistically competitive market and a monopoly market? Their characteristics are different: |Monopolistically competitive market |Monopoly market | |Large number of small firms:

the price of the goods is low. If the demand is low then the price of the goods is high. 6. A.) The relationship between the cost curves and production curves is that business decide what to produce, how to produce it, and for who to produce it. So the firm is an organization that hire factors of production and organization to them to produce and sell goods. And the cost of producing fall under output

purchasing more clothes and less food Explanation: As the marginal utility to price ratio for clothes is higher than for food i.e. MUc/Pc > MUF/PF. This means the consumer will get more satisfaction from buying cloths than from food. To make the ratio in equilibrium Pc must be increase. Hence he should buy more clothes till the marginal utility to price ratio for clothes gets equal to the marginal utility of foods. 6) The law of diminishing returns