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Do you think the employee relations practices you have mentioned are less costly or more costly than working with unionized labor.
Emily draws cartoons that she sells to her classmates. Her average product of labor is five cartoons per hour if she works for one hour, four per hour.
Include your math in a clear format so that others can see how you obtained that price. Explain how the two pricing methods you used differ.
Assuming each cake costs the same to make, what is the average cost to produce a cake. Calculate Alyssa's labor productivity ration in dollars per hour for each type of cake.
What is the consumer price index. What are the pros and cons of using the CPI as a measure of the cost of living. Use examples.
XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labor should XYZ hire each day to maximize its profits.
What is the actual wage rate per hour. Compute the labor rate and efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Lori
Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Suppose you work at Jiffy Lube, where you earn $15,000 per year. Your rich Uncle Walter recently died and left you an inheritance, so you are thinking of starting your own business.
Calculating the marginal cost in the given case. What is the marginal cost with 8 worker(s) (to two decimal places)
Calculate net domestic product (at factor cost). Calculate net domestic income (at market price).
Calculate the breakeven level for the following YoYo firm. The firm has overhead of $200,000. The sales price for YoYo's yoyos is $5 each. The costs of labor are $1 per yoyo and direct materials an
Why manager of 3D Designs a large organization which does graphics work for Disney and other companies.
Elucidate why this strategy may in fact, be rational identify at least two other strategies that might permit Argyle to earn higher profits.
What do you think these circumstances are met in the brokerage business.
As a number of other manufacturers have since entered the PDA market, eroding Palms market share and profits.
Elucidate deals with suitable market strategies that need to be adopted by firms.
Explain how would this action change the farmer's price curves and/or demand and marginal revenue curves.
Sketch a graph showing a monopolists cost curves, demand also marginal revenue curves and the price and quantities produced under this type of regulation.
Explain how much profit is the firm making. Illustrate what output recommendation would you make for the firm.
Compute marginal cost also marginal revenue for the short run cost and demand data.
Illustrate what would you recommend which the monopolist should do to maximize profits.
Illustrate what is the profit-maximizing price also output in each market.
Illustrate what was the perfectly competitive equilibrium price and output. Illustrate what is the monopoly equilibrium price and output.
Explain how much consumer surplus is being earned at equilibrium. Government places a tax on the good will costomer surplus decrease or increase.