Agency Costs

Nov 03, 2012

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2. Remaining classes All save the first in 56, St-Peres, room 401. Monday, Nov. 13 1015-1215, 27 St-Guillaume, room 11 (first floor)Tues., Nov. 14 1445 ? 1645Thurs., Nov. 16 1230 - 1430Tues., Nov. 21 1445 - 1645. 3. Readings after the break. Monday, Nov. 13: Buckley 136-56Tuesday,

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Agency Costs

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Costs

Costs . Chapter 12-1 (my version of it). Laugher Curve. A woman hears from her doctor that she has only half a year to live. The doctor advises her to marry an economist and to move to South Dakota. Laugher Curve. “Will this cure my illness?” she asked.

595 views • 31 slides

Costs

Costs. APEC 3001 Summer 2007 Readings: Chapter 10 & Appendix in Frank. Objectives. Short Run Production Costs Long Run Production Costs Long Run Production Costs & Industry Structure. Short Run Production Costs Definitions. Total Cost (TC): All costs of production in the short run.

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Costs

Costs. Those where amounts can not be changed in the short run (e.g. building mortgage, building heat, equipment, insurance costs, bond interest)…. Fixed Costs . Variable Costs.

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Costs

Costs. Fixed Costs. Variable Costs. Types of Cost. Ch 5(B) : Capacity Planning: Break-Even Analysis. Operation costs are divided into 2 main groups: Fixed costs Variable costs. Fixed Costs.

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Costs

Costs. AS Business Studies Operations Management . Uses of Cost Data. Information about costs is essential to making profitable decisions such as where to locate the business Marketing managers will use this information to help make pricing decisions

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Costs

Costs. Learning Objectives: . Distinguish between explicit, implicit cost and economic cost. Distinguish between short-run and long-run cost. Distinguish between fixed cost, variable cost, total cost, marginal cost Explain the law of diminishing returns. . In Economics.

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Costs

Costs. Lesson 2:Year 9 BTEC. Learning Outcomes. By the end of todays lesson……. I will be able to explain what fixed costs and variable costs are I will be able to give examples of fixed costs and variable costs I will know what total costs are and how to calculate it. Yesterday we learnt….

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Costs

Costs. “Cost” is not a simple concept. It is important to distinguish between four different types - fixed, variable, average and marginal .

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INDIRECT COSTS / ADMINISTRATIVE COSTS

INDIRECT COSTS / ADMINISTRATIVE COSTS. Session Objectives. Understanding differences between direct and indirect costs. Increase knowledge on CNCS grant limitations in recovering indirect costs. Understanding steps to develop an indirect cost proposal. Definitions.

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Costs

Costs. Short-run costs. Total cost. Total costs for firm X. Output (Q) 0 1 2 3 4 5 6 7. TFC (£) 12 12 12 12 12 12 12 12. Total costs for firm X. Output (Q) 0 1 2 3 4 5 6 7. TFC (£) 12 12 12 12 12 12 12 12. TFC. Total costs for firm X. Output (Q) 0

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Costs

Costs. Short run curves. Costs ($). AFC. AVC. MC. TC=SRAC. LRAC. costs. output. Economies of scale Increasing RETURNS to scale. “Output increases at a proportionally higher rate than the increase costs per unit”. costs. output.

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Costs

Costs. December 2009. What is the cost of an MP3 player?. Overview. Carbon compliance and allowable solutions Part L 2010 Update on CfSH costs Are regulations driving low cost solutions?. Zero carbon homes. Energy efficiency first 25-30% Carbon compliance to 70%

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Costs

Costs. Btree levels. Typical order: 100. Typical fill-factor: 67%. average fanout = 133 Typical capacities: Level 1 = 133 keys Level 2 = 133 2 ( 17689 ) keys Level 3 = 133 3 ( 2,352,637 ) keys Level 4 = 133 4 ( 312,900,700 ) keys. Costs for single relation plans on R.

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COSTS

COSTS. Remember…. **Scarcity forces people to make decisions about how they will use their resources!!! **Economic decision making requires people to consider all the costs and benefits of a decision!!. Opportunity Costs … What You LOST !. Fixed Costs

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Costs

Costs. Conditional Demand. Conditional Factor Demand The choice of inputs that will yield minimal costs for the firm will in general depend on the input prices (w, r) and the level of output the firm wants to produce, i.e., L=L(w,r, y ) K=K(w, r, y) (y represents a given level of output).

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15 Agency Costs: Incentives Matter

15 Agency Costs: Incentives Matter. “ If you would persuade, appeal to interest and not to reason. ” Benjamin Franklin Poor Richard ’ s Almanack 1732-1758. Agency Costs. Employees or contractors not behaving as they should — is a part of what we call Agency Costs or Agency Problems.

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Costs

Productivity. Costs. and. Unit 3 – Theory of the Firm. Think about…. production. transformation of factors into goods & services. We are a firm. an economic institution that transforms factors of production into goods & services. A firm …. (1) organizes factors of production and/or.

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Lecture 17: Agency Costs

Lecture 17: Agency Costs. Employees or contractors not behaving as they should — is a part of what we call Agency Costs or Agency Problems. Agency costs are a problem whenever a principal hires an agent to act on his behalf. Boss hires a worker.

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Costs

Costs. Perloff Chapter 7. Economic cost. business (accounting) costs : only explicit costs (out of pocket) economic costs : explicit cost + implicit cost = opportunity cost opportunity cost value of best alternative use of the resource

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Costs

Managing Risk – IT Project Framework Adapted from “The Evolution of Security” ACM Queue, April 2007. Total Costs. Avoidance Costs. 2. 1. Costs. 4. 3. Failure Costs. Assurance Level. Intolerable. Total Costs. 1. 2. Avoidance Costs. Costs. 4. 3. Failure Costs. Assurance Level.

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INDIRECT COSTS / ADMINISTRATIVE COSTS

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Costs

Costs. Andr é DeHon <andre@cs.caltech.edu> Wednesday, June 19, 2002. Key Points. Every feature in our computing devices has a cost Is something physical Takes up space, has delay, consumes energy Cost structure varies with technology

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