Define marginal and total costs. Is it possible to calculate total marginal cost between units of production through marginal cost curve? How? Can total marginal profit be calculated from same graph? Find the average and marginal costs Suppose that the cost function of q is given by: ...
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How are they used to calculate accounting profit and economic profit? How are implicit costs different from explicit costs? How are opportunity cost and comparative advantage related? Explain the difference between explicit or opportunity cost and give an example at each....
loads at the house level. Via a power flow analysis, we analyze if overloads occur and reinforce the respective overloading grid element. Lastly, we calculate grid reinforcement costs for each grid and neighborhood type to resolve these overloads. Full size image We derive the grid reinforceme...
We will use a loss function to calculate the loss value of forecasts. The loss function can generally be any form. Following (a reference here), we set it as the squared difference between the true value and predicted value in this paper, i.e. ℓtk=(yt−yˆtk)2. Then, the ...
We want our app to be open during the whole trip, not just in the stage of booking, and we want to meet more of our customer’s needs when they’re on the go. As it was mentioned in the beginning, Marriott gets a vast part of their profit from the application. And that’s not...
When considering the population of 234,301 pharmacists registered with the Federal Pharmacy Council of Brazil with a confidence level of 95% and a sampling error of 5%, it was considered that at least 384 pharmacists should participate in the study. To calculate this sample, the following formula...
The airline’s total revenue is then fixed at RF, where F is again the fixed flight total. Ignoring non-fuel costs, the Lagrangean expression for the airline’s profit maximization problem is RF−[N1f(v1)β1c(v1)+N2f(v2)β2c(v2)](2)+λ[N1f(v1)+N2f(v2)−F], where the...
a) Calculate perfectly competitive equilibrium, consumer surplus, and producer surplus. Include a detailed graph. b) If a $2 per-unit The sum of consumer surplus and producer surplus is equal to: (a) total profit (b) the economic surplus ...
The current study used AMOS to conduct structural equation modeling (SEM) for mediation analysis and SPSS—PROCESS MACRO for moderation analysis (Model 1). Bootstrapping PROCESS has been used in several previous studies published in mainstream journals to calculate the mediation and moderation analysis...