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The law of diminishing returns and the business
How would you estimate additional dollar cost of adding sales people? How is the expected net revenue generated by adding an additional salesperson given a company's past sales experience? How would these cost and revenue estimates be used to determine whether a sales force increase is warranted? For example a company currently has 60 salespeople and wants to add another 5 to 10 more. Is there a specific equation?
State with brief reasons whether the following statements are true, false, or uncertain.
The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labour force was 141.8 million, and the total number of employed was 135.1 million. Calculate the following:
Illustrate what components would be comprised in the spreadsheet. Explain how could you perform sensitivity analysis on the spread sheet.
Elucidate how cost-push inflation might prompt policymakers to take actions that subsequently cause demand-pull inflation.
The owner of the Los Angeles Dodgers has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q-How much revenue does the owner make at the current price?
Elucidate the maximum amount that would pay for an asset that generates an income
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
Illustrate what would happen to the costs if the growth rate was half as much as expected. This does not need to be a detailed economic analysis.
Calculate the multifactor productivity figures for labor and capital together. Elucidate why these figures might be greater in the subsidiary.
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Looking to raise profitability in perfectly competitive marketplace. How to efficiently plan production?
Then the image of a company goes up as graduate students use theorganizations products." Does such action square with a company's objective of profit maximization
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