Variable

I agree with the suggested answer, as for a business person monopoly power is an opportunity for him/her to maximize their profit in their business because there are no close substitutes, no rivals, and barriers to entry prevent other firms, all this will help the firm to earn positive profit an average rate of return for a relatively long time. Here the demand is inelastic to price which means demand will not change much even if we change the price, all these reasons are prefect for a…

Just In Time (JIT) is a widely used production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand. The use of this inventory system is a strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process and therefore reducing inventory costs. Just In Time works as an inventory management system with the objectives of having inventory rapidly available to meet…

4.7 Fiction Stir Welding Cost Model This suggestion model considers various cost components engaged in the total cost valuation of a friction stir welded joint pipes. Friction stir welding cost suggestion model is structured using the major cost components. The representative components of a friction stir welding pipes cost evaluation are listed below [37-42]: 1. Labor cost (weld preparation time + actual weld time) 2. Power cost 3. Machine cost 4. Tooling cost The sum of all the component…

Results H1 H2 Landing spot ( ) Actual value (landing spot) Trail one .26m .904m 96.96cm 96.8cm Trail two .235m .904m 92.18cm 92cm Discussion questions 1) Equation for the landing point of the bob 2) Distance where the bob should land from directly beneath the rest position of the pendulum. 3) Would you expect the same result if you used the different mass? If the experiment were to use a different mass the result would not…

First off, it is impossible to assign a variable to a group of number that is infinite and keep going on forever. With that in mind, it would be impossible to count how big the whole line is because we could not count those variables because they represent and incorrect amount of number between 0 and 1, so our first solution is false. For our second solution, we can render that false as…

Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost MARGINAL COST Marginal cost is a total cost to the company to produce one more product. This cost changes depending on how many products the company aims to produce. Changes in production may increase or decrease the marginal cost due to the marginal cost including all costs such as materials, labour, infrastructure. Marginal cost diagram has a U-shaped curve as a result of increasing…

CIS 561 Homework #2 Hussain ul Abideen 01617974 Question#1: Solution: State: (a,b) for liters in jugs 1 and 2 Integer 0 to 4 (a,b) : 0<= 7, Initial state:- (Black1,Black2,Black3) : (1,2,3) or (1,3,2) or (2,1,3) or (2,3,1) or (3,2,1) or (3,1,2) (white1,white2,white3) : (5,6,7) or (5,7,6) or (6,5,7) or (6,7,5) or (7,6,5) or (7,5,6) (Blank): (4) Goal state:- (Black 1, Black 2, Black 3) : (5,6,7) or (5,7,6) or (6,5,7)…

incurred are the salaries paid to the employees. Organizations ensure that their marginal resource cost is equal to or less than the amount it takes to produce one more unit of the product. MRC= Change in total cost/Change in inputs When more units of variable inputs are used the marginal cost first decreases and then decreases. Marginal revenue product is the additional revenue generated from using one more unit of the input. It is given by change in total revenue divided by the change in…

Based on the information displayed in the Histogram, the distribution would be bimodal. The bimodal tells us that there are two distinct modes, or peaks present in this data. In the case of this data, the $31,000-$40,000 would represent major mode or larger peak while $51,000-$60,000 would be the smaller peak or minor mode. First we must calculate the percent change between 1999 and 2015. To accomplish this, using the data in Worksheet 1 “Data” we use the formula…

It also has lease obligations for facilities and streaming obligations that incur at the time they enter into an agreement to obtain future titles. Income taxes are another fixed cost for Netflix. Variable costs for the company include cost of postage to ship DVD from it 's mail order DVD portion of the company which is a major perk to customers because shipping is free and the DVD comes with prepaid return postage. With the continuous rise in postage…