Economic cost

microeconomic drivers of economic growth.  Efficiency This is when available resources are used to a maximum potential and wasting is not an option. This occurs when they are skilled and resource conscious people are involved in manufacturing process.  Equity This takes places when resources, income and wealth are sincerely and equally distributed within a community or state. This is a result of fair and followed principles, regulations, stable political issues and a healthy economy.  Cost…

Hospital Length of Stay Norma Valdez-Rosa South University Online March 8, 2016 Introduction Prolonged hospital length of stays can increase costs not only for the patient but more so for the hospital. A multidisciplinary approach to patient health care and discharge planning is very important to help with this financial burden. When discharge barriers are identified on admission or soon after, it will help in reducing unnecessary hospital length of stays. Article Reviews…

this study is to understand what is the role of information affect consumer attitudes toward food technology. In other words, how will information perceived by consumers that affects their attitudes about food technologies. According to an economic theory, food consumers’ buying behaviors are driven by their tastes and attitudes toward product 's different attributes. Both economists and social psychologists have pointed out the important role of information in attitude formation,…

The needs analysis means Human Resource Management at Google use various species of requirements analysis like the regulatory analysis, work analysis, and analysis of costs and benefits. The regulatory analysis specifies the human resource requirements by the present situation of the corporation. Whereas work analysis selects the specific needs in order to achieve business assignments. The program design means Human Resource…

City Development (DCD) is a governmental agency in charge of promoting conditions within the City of Milwaukee to increase development, resulting in the creation of jobs and wealth. It helps promote development by encompassing current and future economic conditions to foster residential, commercial, and industrial development. It is also in charge of implementing strict environmental and ecological regulations during any planning and development scenarios. The goal of the Department is to…

while continuing with the same current facility of the distribution channel. Lack of Wholesale experience or Be in need of Wholesale Experience: in spite of the fact that the detailed costs indicate that "direct distribution" is the profitable solution for the company, but those costs do not have an impact on the cost, both figurative, and literal of managing the wholesale operation. If Crafton Industries, Inc. had an opportunity to juncture the rollout of their wholesale operation, they would…

1/10 net 20 This information can be used to compute the credit cost of borrowing this money. X % Discount 100 - % Discount 360 Credit Period – Discount Periods = 1 X 360 99 10 = 0.363636 = 36.36%. Annualizing The Credit Cost The 10-day discount period occurs 36 times per year. Using this information, it is possible to compute the effective annual rate of interest on a 360-day year: = [1+(credit cost / times compounded per year)] degree “Times compounded per…

traditionally applied overhead to its products as a function of material costs. Management believed using “material costs” as an allocation base made sense because thicker products (containing more material per lineal foot than thinner products) required more machine time to process as they demanded slower machine speeds. Additionally, drying time and energy consumption increase with thicker basis weights. (See Exhibit 1 for material costs associated with each product, or grade.) Thus, unit…

$700+($85)10 You will set this equation up as C=the cost, which is what you are trying to find. Then you will have the 700 plus whatever 85 times 10 equals. I took 85 times 10 because in the readings it says 10 years. That equals $850 and when you add the $700, you get $1550. You could also set this up as C=(85)10+700 and you would get the same value for C. 2. Y=$1000+$25, Y=$1000+($25)10 You will set this equation up as C= the cost, which is what you are trying to find. Then…

the behavior of individuals, each of whom make their own decisions. However, why so many people vote is still puzzling as the rational, self-interested voter will normally find that the costs of voting will normally exceed their expected benefits. The expected utility of voting is negligible. Also, there are costs involved, therefore one would draw the conclusion that the rational citizen should abstain from voting. Individuals continue to vote, however, to uphold the values of democracy, fulfil…