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Essay

Economics ArcelorMittal Steel

Essay specific features

 

Issue:

Business

 

Written by:

Maryann L

 

Date added:

December 16, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 669

 

Was viewed:

3231 times

 

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Essay content:

This means that the quantity of steel supplied was down, but the cost of energy and iron ore where passed on to the consumer. This is an example of how prices increase, cost of resources increase and the firm passes the additional cost on to there product or service which the consumer pays for. This is so the firm will still make normal profit; a normal profit is when total revenue equals total cost...
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This is so the firm will still make normal profit; a normal profit is when total revenue equals total cost. ArcelorMittal was able to make an economic profit. Earning a economic profit is when the companies total revenue, which is the total dollar income earned by the firm from producing and selling a certain amount of output ( a particular good or service) exceed the total cost, and those are the cost a company pays for production...
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General issues of this essay:
Chaparral Steel Economics ArcelorMittal Steel Keshavlal Mangubhai & Co(woodking24-India) Make Business Relationship with Ecommerce Sale & Marketing to eMarketplace Mjunction , 50:50 Joint Venture of A TATA STEEL-STEEL AUTHORITY OF INDIA (SAIL) mittal steel Steel Tariffs Steel Trap Steel plant Purity Steel STEEL MAGNOLIAS Steel Drums Steel drums The Steel Windpipe Steel Sustainability Us Steel And Globalization CRU steel
 

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