Social cost

or a service with its marginal cost is a key condition to ensure the efficiency of allocation of resources (Hall, 1986). The ultimate goal of this pricing rule is the maximisation of social welfare. If the pricing rule mentioned above is not applied, we can examine two different cases. If the marginal cost of a good is below its price, it should be necessary to decrease the price so as to maximise social welfare. By contrast, if marginal cost is above its price, social welfare could be satisfied…

Return on Investment (ROI) This KPI measures how much revenue a C6 marketing campaign is generating compared to the cost of running that campaign. In other words, ROI answers these fundamental C6 questions, "Are we recouping what we spend on marketing in new sales?”. C6 can track ROI by looking at the number of leads generated through the C6 marketing campaign, such as a banner ad or AdWords campaign. C6 will need to determine the opportunity value of each lead. C6 needs to find their average…

Economics of the Public Sector Semester 2, 2015 Student: u3102883 Week 10 Tutorial 6  Consider two projects, A and B, with capital costs of $100 million and $20 million respectively. Given an opportunity cost of capital of 7 per cent, A provides an NPV of $30 million. B provides an NPV of $10 million. Explain why A is better than B, although it costs five times as much and produces only three times the net benefit. Net present value method calculates the amount invested today compared…

The purpose behind the expansion of people utilizing food banks are as a part of relations to the extreme increment in food costs and the expense of transporting/transportation the food too. At the point when food all of a sudden costs more, the individuals who can minimum bear the cost of it get hit hardest. Tragically foods that have minimal wholesome worth are the minimum costly so individuals on restricted earnings will buy more undesirable foods than new natural products, vegetables and…

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, especially when the attribute is not easily verifiable.( Darren Hudson, 2005) When a new food technology comes to the marketplace, it is likely to induce…

resulting in a potential rise in group participation rates. If an alternative to incarceration proves viable, perhaps these services could be offered to those populations outside of the grounds of the prison and would help to give the individuals the social context in which to apply these therapies while going through them. As an example, drug or alcohol addiction treatment within prison may initiate an individual’s recovery, but the real test will be when they are attempting to function once…

rational-choice theory. The basic premise of rational-choice theory is that aggregate social behavior results from 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…

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…

PESTEL analysis is a strategic analytical tools used to survey the effect of outer elements on organizations. The acronym remains for political, financial, social, mechanical, natural and lawful variables influencing organizations. Clarify that organizations have little and no impact over variables inside PESTEL system; in any case, they can create procedures to wipe out or if nothing else to minimize negative impacts of these components. Additionally, PESTEL examination can reveal an insight…

Figure 2: Porter's Generic Strategies Porter’s Generic Strategies and SME Performance Porter (1980) described the specific strategies of cost leadership, differentiation, and focus generic strategy. Porter (1980, 1985) contended that business organizations consist of either differentiation or low cost main classes of competitive advantage. In line with the argument, firm managers who use any of these strategies should realize above-average firm performance. In addition, firm managers have to…