PPT-University Budget and Marginal Cost Components

October 25 2016 CSU Marginal Cost of Enrollment Methodology CSU campuses are funded for enrollment growth on the basis of the marginal cost funding methodology negotiated by the CSU University of California Department of Finance and the Legislative Analysts Office. the marginal product of labor is negative.. the average product of labor is negative . as more labor is added to a fixed stock of capital, less output is produced . as more labor is added to a fixed stock of capital, the marginal product of labor eventually will decline.. VOCAB:. Trade-Off. Opportunity Cost. Costs (Fixed, Variable, Total, and Marginal). Revenue (and Marginal). Benefit-Cost Analysis. Trade Offs. Definition: . Giving up one good or service for another. Does not apply to decisions involving money. Diagnostic Country Report. Sonny N. Domingo. Philippine Institute for Development Studies (PIDS). The Setting. Direct benefits, costs and externalities. Metro Manila. 12 million people at 191 persons/ha. Market Failure. When the market does not efficiently allocate resources. Either too much or too little is produced. Monopoly. Externalities. Public goods. Imperfect Information. Justification for government intervention?. the marginal product of labor is negative.. the average product of labor is negative . as more labor is added to a fixed stock of capital, less output is produced . as more labor is added to a fixed stock of capital, the marginal product of labor eventually will decline.. Sample Questions. Mr. Bordelon. AP Economics. Which of the following is an example of an activity generating a negative externality?. You buy a new car, and then discover it needs a new transmission.. Section . 3.4b. The “Do Now” – p.130-131, #16. (a) How fast was the rocket climbing when the engine stopped?. v. = 190 ft/sec. (b) For how many seconds did the engine burn?. 2 seconds. (c) When did the rocket reach its highest point? What was its. Overview on Process. 8/14/2015. Draft for Discussion & Policy Purposes Only. 1. 2. Goals of the exercise. Draft for Discussion & Policy Purposes Only. Expand service by leveraging third parties to provide service on low ridership routes and redeploying buses and operators to higher ridership routes. Chapter 8. McGraw-Hill/Irwin. Copyright © . 2015 . by . McGraw-Hill Education (Asia). . All rights reserved.. Learning Objectives. Distinguish among three types of imperfectly competitive industries and describe how imperfect competition differs from perfect competition. June 18, 2015. Welcome. Eric . Toder. Institute Fellow: Urban Institute, and. Co-Director: . Urban-Brookings. Tax Policy Center. Alain Dubois. Deputy Director: IRS Office of Research, Analysis, and Statistics. Marginal Cost. Remember Marginal Cost?. The change in total cost generated by producing one more unit of output. Easiest to calculate if data on total cost are available in increments of one unit of output. Choice in a World of Scarcity. Microeconomics. Budget Constraint. A budget constraint refers to all possible combinations of goods that someone can afford, given the prices of goods, when all income (or time) is spent. Chapter 9. THIRD EDITION. ECONOMICS. and. MICROECONOMICS. Paul Krugman | Robin Wells. Why good decision making begins with accurately defining costs and benefits. The importance of . implicit. as well as . BEC 30325. Managerial Economics. Fundamental questions…. How can production be optimized?. How can cost be minimized?. How does output behave when quantity of inputs is increased?. How can the least-cost combination of inputs be achieved.