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Which one of the following costs would be classified as an indirect cost of the quality control activity which is undertaken in a companyβs factory?
Select one:
A.
The depreciation of the quality testing machine.
B.
The insurance of the factory.
C.
The cost of samples destroyed during testing.
D.
The salary of the quality control machine.
Discuss the difference between total surplus,social benefits and marshalian surplus. Discuss with examples.
A firm has the following demand function π· = ππ β π. ππΈ and its total cost are
defined by π»πͺ = ππ + πΈ.
a. Find the maximum revenue.
b. Find the production to optimise the profit.
c. Verify if that the marginal revenue and marginal cost are the same at
the profit maximising production level.
A Firm has the following production function πΈ = πππ³ β π. ππ³ π.
a.Using differential calculus find the unit of labor that maximizes the production.
b. Estimate function of Marginal product of labor.
c. Obtain the Average product of labor.
d. Find the point at which the marginal product of labor is equal to the average cost.Β
The intent of this exercise is to get students to think aboutvarying degrees of elasticity and the factors that determine demand elasticity.
In the simple Keynesian model,the following is true about investment
When agregate spending is greater than income
Explain the importance of Edgeworth Box in the allocation of resources.
If the marginal propensity to consume increase
Depreciation of south African Rand against the united states dollar implies that....
