implies that marginal revenue is equal to marginal cost, marginal cost must be $10. c. Average fixed cost is equal to AFC /Q which is $200/100 = $2. Since average variable cost is equal to average total cost minus average fixed cost, AVC = $8 - $2 = $6. d. Since average total cost is less than marginal cost, average total cost must be rising. Therefore, the efficient scale must occur at an output level less than 100. Q5. a. Figure 5 shows the typical firm in the industry, with average total
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RAND Journal of Economics Vol. 41, No. 3, Autumn 2010 pp. 524–548 Competition for scarce resources P´ ter Es˝ ∗ e o and Lucy White∗∗∗ Volker Nocke∗∗ We model a downstream industry where firms compete to buy capacity in an upstream market which allocates capacity efficiently. Although downstream firms have symmetric production technologies, we show that industry structure is symmetric only if capacity is sufficiently scarce. Otherwise it is asymmetric, with one large, “fat,” capacity-hoarding firm
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BTEC Level 3 in Business – Unit 4: Business Communication Context Businesses need accurate information. This information has to move between different individuals, different departments and different organisations. The information can be anything from a simple idea to masses of data on business performance. It can come from inside an organisation or from almost anywhere outside. Put simply, a business that does not plan how to deal with this information is a business much more likely to fail
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Unit 1: Developing Effective Communication in Health and Social Care Unit code: R/600/8939 QCF Level 3: BTEC Nationals Credit value: 10 Guided learning hours: 60 Aim and purpose This unit aims to enable learners to understand effective communication, the barriers that may exist and ways to overcome these. The unit will give learners the opportunity to gain the interpersonal skills needed to embark on a career within the health or social care sectors. Unit introduction
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Philippine Institute for Development Studies A Study of Philippine Hospital Management Administrative Systems Fred Avestruz DISCUSSION PAPER SERIES NO. 95-16 The PIDS Discussion Paper Series constitutes studies that are preliminary and subject to further revisions. They are being circulated in a limited number of copies only for purposes of soliciting comments and suggestions for further refinements. The studies under the Series are unedited and unreviewed. The views and opinions expressed
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Unit 6 Advanced Spreadsheet Skills Assignment 6.1 This assignment covers the following grading criteria (P1, P2, P5, M1, and D1) The assessed tasks in this unit are based on the scenario below Scenario MNK is a local company who publish 10 different magazines/newspapers in a variety of languages specifically for the Bradford area. They have been approached by other cities interested in their work. MNK are therefore looking to expand their operation to at least one more large city. To
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Model Assignment (Learner Extract) Issued September 2012 OCR Level 3 Cambridge Technicals in Health and Social Care Unit 1: developing effective communication in health & social care Please note: This OCR Cambridge model assignment may be used to provide evidence for the unit identified above. Alternatively, centres may ‘tailor’ or modify the assignment within permitted parameters (see Information for Teachers). It is the centre’s responsibility to ensure that any modifications
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3. LEARNING OUTCOMES Upon completion of the course, students will be able to: 1. Explain the professional conduct and ethics of an auditor, the legal liability environment affecting the auditors and relate it to relevant cases (C2, P2, A3). 2. Relate the significance of client’s IT and its implications on business activities
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For each constraint, create a formula in a separate cell in the spreadsheet that corresponds to the left-hand side (LHS) of the constraint. 5 The Simple Farm Model Again! max π = x1 + 1.5x2 s/t x1 + 2x2 ≤ 160 3x1 + 2x2 ≤ 240 x1 ≥ 0, x2 ≥ 0 6 Implementing the Model See file FarmEx original.xls 7 Cell Labels 8 How Solver Views the Model • Target cell - the cell in the spreadsheet that represents the objective function • Changing cells - the cells in the spreadsheet representing
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Universiti Tunku Abdul Rahman, Faculty of Science Session : Jan 2015 Subject : UDEC1134 Chemistry Laboratory I Course : Bachelor of Science (Hons) Chemistry Year/Sem : Year 1 T1, T2 & T3 Unit Coordinator : Dr Chee Swee Yong Lecturers : Ms Chang Chew Cheen, Dr Chee Swee Yong, Dr Lim Tuck Meng, Dr Sim Yoke Leng |Lab group |Lab A |Lab B
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