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Q1. You manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. The company allocated 10 more workers to your department last year and output increased to 45000. You just received a memo from your boss indicating which he is very concerned about the 500 unit fall in the average productivity of your workers. Explain how can you defend yourself?
Q2. The cost of a basket of goods and services in the U. S. is $600. In Canada the same basket of goods cost 700 Canadian dollars. If the nominal exchange rate were 1.2 Canadian dollars per U. S. dollar, illustrate what would be the real exchange rate?
An individual likes owning cars is better. In order to own a car, an individual must have a 1:4 ratio of frames to tires.
If Rob and Nate are the only people who purchase discs, graph the aggregate demand for discs and write down the equation for this aggregate demand function.
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
What do you think he would suggest as an economic plan for our economy. Would they agree or disagree with the current policies.
Explain how the MAS have successfully used exchange rate policy to achieve price stability for the last two decades.
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
What effect did the tax have on LeAnn's output level. How LeAnn's did profits change.
The Wilson Company's marketing manager has determined that the price elasticity of demand for its products equals.
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
Wheat farmers will receive total revenues from consumers and the government totaling
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