User Account

All Pages

Minimum charge for appliance repair

Assignment Help Business Management
Reference no: EM131313511

Joe Fixit has an appliance repair business. He has more business than he can handle and wants to hire another repair person. Joe estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person? What is the maximum hourly wage that he would pay an employee?

Reference no: EM131313511

Questions Cloud

Defined benefit pension plan and defined contribution plan : List two advantages, from the investor point of view, of an exchange traded fund, vis-a-vis a closed-end fund? Distinguish between a defined benefit pension plan and a defined contribution plan?
Stage of the systems development life cycle : After reading about the systems development life cycle, you decide that you want to learn more about it. Conduct additional research, using at least 2 additional, credible resources other than your textbook, and answer the following questions:
Different trends in the area of csr and ecology : In your review you need to distinguish between different trends in the area of CSR and Ecology and discuss their strength and weaknesses, as well as the consideration of the application to organisations.
Create an array of 1,000 integers sorted : Create an array of 1,000 integers sorted in reverse numerical order. Write a program that runs each sorting algorithm with this array, timing each algorithm, and compare the times.
Minimum charge for appliance repair : Joe Fixit has an appliance repair business. He has more business than he can handle and wants to hire another repair person. Joe estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, ..
Discuss the types of assessment tools the psychologist use : Discuss the types of assessment tools the psychologist might use in his or her evaluation and how these tools would help in guiding diagnosis and treatment.
Demonstrate your ability to provide reasoning for response : Please note that this is an MBA course so you must show and demonstrate your ability to provide reasoning for your response to discussion questions.
Different internationalization paths : In the motor industry, companies have followed different internationalization paths. Toyota expanded organically, establishing subsidiaries in overseas markets. Ford went on an acquisition spree, buying Volvo, Jaguar, Land Rover, and Mazda. Which..
Transfer of wealth as efficiently as possible : How may a small-business owner plan for the use, conservation, and transfer of wealth as efficiently as possible?

Reviews

Write a Review

Business Management Questions & Answers

  Why is a code of ethics an important part of every business

Why did you include each of the 10 elements? Why is a code of ethics an important part of every business from an employer standpoint? Why is a code of ethics an important part of every business from an employee standpoint

  Utilitarianism-deontological and virtue ethics

Utilitarianism: Ethics what is the definition?, ethical thinker associated with theory, decision making process and Workplace example

  What is the political risk and how does it affect business

What are the approaches international managers seek to understand when instituting change in the international arena - What is the culture shock and how does it affect the international business?

  Analyze role that linear regression for trend analysis play

Analyze the role probability or trend analysis might play in helping address the business problem. Analyze the role that linear regression for trend analysis might play in helping address the business problem

  Target competency

Target Competency

  Explain what is the percentage change in labor productivity

Explain what is the percentage change in labor productivity from April to May for Larry's Auto Body Repair

  Nature of competition among small food companies

How would you characterize the nature of competition among small food companies?

  Explain how each conducts their m-commerce activities

Express the m-commerce capabilities of each bookstore and explain how each conducts their m-commerce activities. Illustrate what advantages and disadvantages does m-commerce provide for each bookseller?

  Explain why is it important to understand the parts of a gcu

Explain why is it important to understand the parts of a GCU assignment? Explain how does properly reading an assignment help you schedule your study time? Express any concerns or difficulties you had during this module.

  Prepare a business plan

Prepare a business plan in a Microsoft Word document with an accompanying Microsoft PowerPoint presentation containing the key points of your plan to serve as a presentation to a group of potential investors

  Describe why development of executives is so critical to

describe why development of executives is so critical to executive organizational functioning.if a limited budget

  Explain what is the standard deviation

Explain what is the expected number of service calls? Explain what is the variance in the number of service calls? Explain what is the standard deviation?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd