Variable cost

expenditure there are categories. For example, Student services cover a broad range of categories such as recruitment, admissions, campus security, and resident counselors. The student service expenditure has their concerns and issues when it comes to cost and it effectiveness. The issues are what drives colleges and universities to evaluate the purpose of the expenditure and its importance to student success and completion of higher education. A Brief Literature…

According to the college board the average cost of college has raised at a ten year historical rate of about 5% per year for decades. During the 2014-2015 year private institution’s tuition increases at a rate of about 3.7% and at public institutions at a rate of about 2.9%. Imagine if something you eat/drink regularly like a McDonald’s cheeseburger or a Starbucks coffee price increased at that same rate of 5%. Would it be worth purchasing? Would you find cheaper alternatives? Would you treat it…

Economies of scale can be defined as the benefits that a firm obtains from the large-scale production reduced cost and increased profit. Sunk cost refers to the startup costs that a firm incurs when entering the market. Moreover, my research will discuss the significant barriers to soft drink business entry in the United States, which are economies of scale and sunk costs. Additionally, it will also look at how these restrictions have affected the soft drink market in the United States.…

what medicine they are administrating is correct or they make sure the patients are moved to avoid ulcers. Medical errors are costing Americans a lot of money, in 2008 the cost for all of the medical errors cost the United States $19.5 billion. About 87 percent or $17 billion were straight linked with supplementary medical cost, including: ancillary amenities, prescription drug amenities, and inpatient and outpatient care (“The Economics of Health Care”,…

Humanitarian intervention on moral grounds is easily justified but the use of military force is complicated as there are political and economic costs involved. In the post-cold war era, the discussion has been about whether it is a country’s prerogative to intervene in a sovereign nation’s affairs or it is a matter of moral obligation to protect the people from atrocities inflicted by their own countrymen. Use of military force can be very costly in terms of casualties both civilian and of…

nearly three hundred employees with an average of a decade on the job each is staggering, and all but impossible to effectively transfer within a short few months. Furthermore, the amount of bad press that Disney has received because of this action will cost them, both monetarily and in the form of lowered employee morale and customer goodwill, and will make it more difficult to attract and retain quality employees in other sectors of their company. In another example, Southern California Edison…

Chapter 11: Application Portfolio Management 1. The CIO is concerned about the ever increasing cost of maintaining the inventory of IT applications in the organization. He has asked you to meet to discuss why this proliferation of applications is occurring? One of the main causes of the ever-growing costs of upholding different technologies, is simply that they are not being disposed when they are stop being relevant. A number of these applications provide obsolete functionality or are…

be difficult to see at first. We will look at the three steps in documenting soft returns: (1) identifying a process improvement opportunity, which is improved time/efficiency; (2) create a formula to calculate the benefits; (3) and determine the costs of the process and the net benefits. In order to determine the return benefits from EHR implementation, it is necessary to establish baseline metrics that can be used as a guideline for measuring success after the implementation. Harris…

Mylan Pharmaceuticals has been in the spotlight lately, but not exactly in a positive way. The media and consumers have made it known that they don’t appreciate excessive price hikes in one of the many drugs Mylan produces. The EpiPen is designed for patients who have a severe allergic reaction to some substance or extreme cases of asthma attacks. Unfortunately for those that need the drug, prices have increased from $57 in 2007 to about $616 for a two-pack today—an increase of 1,080%. Just…

many factors that go into determining the prices of things such as, supply and demand, competition in the market, and how much people are willing to pay for things. Many people tend to think that price and cost are the same thing, but they are not. Price is not equal to the cost of a good. The cost of something changes from person to person based on his or her needs. An example used by Professor Williams was that, If a barber shop close to you chargers 20$ for a haircut, but a barber shop much…