Fixed

2.8. Production With One Variable Input (Labour) And Law Of Diminishing Marginal Returns This is the situation were capital is fixed and labour is variable, and only way to increase the output is by increasing the output. amt of labour(L) capital(K) total output(q) avg product(q/L) marginal product(dq/dL) 0 20000 0 0 0 1 20000 30 30 30 2 20000 50 25 20 3 20000 80 26.66666667 30 4 20000 100 25 20 5 20000 115 23 15 6 20000 120 20 5 7 20000 112 16 -8 8 20000 100 12.5 -12 9 20000 90…

This is troubling because, unlike his first transposition, death and awake are not obviously cyclical in nature. They are also fixed states of being and thus diverge even more from the degrees of being which are the foundation of Socrates’ first premise. Death and life may be logically opposite, and share this relationship with asleep and awake, but the fact that they are superficially…

company’s operating income and net income. The assignment is about Carlisle Engine Company which manufactures and sells diesel engines for use in small farming equipment. In 2014 budget, selling price is $4,000, variable cost per engine $1,000, annual fixed costs is $4,800,000, net income is 1,200,000, and income tax rate 20%. The first quarter income statement reported that sales is not perfect as expect. The first quarter of 2014, only 400 units had been sold at price of $4,000. Hence, the…

The Dangers Of Having A Broken Windshield Windshield damage typically starts out as something small, such as a rock that hits the glass while driving on the freeway and creating a small divot. If the damage occurred on the passenger’s side, you may think you can get away with ignoring the problem since your view is not affected. Unfortunately, neglecting small damage is the worst thing you can do, because small cracks can easily grow into a much bigger one. These are some dangers of driving with…

Yield Management in the Golf Industry Revenue management has been addressed in many areas such as airlines and hotels to address problems in their timing and planning of pricing and overall yield management. So why hasn’t this similar practice come to the golf industry? The golf industry has a lot of similarities to the hotel and airline operations and should start to apply some of their yield management techniques to their everyday operations. First we will want to look at what exactly…

partial reinforcers fixed-ratio, variable-ratio, fixed-interval and variable-interval. Fixed-ratio schedules reinforce behavior after a set number of responses. For example, a dog doing a certain trick and getting a treat after each action. Variable-ratio schedules provide reinforcers after a seemingly unpredictable number of responses. For example, a person playing a lottery ticket, they never know when they will win. Fixed-interval schedules reinforce the first response after a fixed time…

failure as well as shaping our attitude towards situations. Our mindset shapes us as we grow from childhood to adulthood,whether it be fixed or growth mindset. In the article, “Brainology” by Carol Dweck, she describes both mindsets. In a fixed-mindset, people must strive for success while avoiding failure at all costs. Failure dismantles a person’s confidence with a fixed-mindset and is a setback to take on academic challenges. However, with a growth-mindset, the person takes on challenges to…

The gold standard monetary system was in use from the 18th to 20th century. It is a system which economic units are based on a fixed quantity of gold. It was first used by the United Kingdom in 1717. The system offered price stability, a fixed exchange rate and free movement of gold. Other countries slowly began to see the advantages of the system, and by the end of the 1870’s, most industrial countries had followed the United Kingdom’s gold-backed exchange rate. 1873 marked the beginning of the…

These will include changes in the depreciation expense, fixed assets as a fraction of the previous year’s total assets, and depreciation expense as a fraction of assets. a. Depreciation expense as a fraction of the former year depreciation expense According to OI’s annual reports, the depreciation expense for…

Transfer price has been defined as an amount charged on a product or service when supplying division transfers the good or service to receiving division. In this situation, Electrical Division is the supplying division, while Brake Division is the receiving division. During the process of setting transfer price, W Industries should ensure the goal congruence between Electrical Division and Brake Division. In other words, both divisions should not strive to maximize their own divisions’ profits…