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Measuring and understanding worker productivity for a business has great practical implication. (worker productivity among giant U.S. corporations): What are the best methods available to measure worker productivity? Please discuss their advantages and disadvantages. What firm-specific and industry-specific factors might be used to explain differences among giant corporations in the amount of revenue per employee and profit per employee?
An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 25Q + 15Q2 + 10Q3. Based on this information, determine the following: The fixed cost of producing 10 units of output. $ The variable cost of producing 10 units of..
What would you say are the two biggest challenges for any company that wants to be a global contender? What are the possible outcomes of these challenges - meaning what would happen if the company fails? What can the company do to overcome or even pr..
The cash flows for two process alternatives, Machine A and Machine B, over a 15-year analysis period are shown below. Both machines require a refurbishing in the eighth year and the results in an increase in the annual benefit. Determine the incremen..
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Analyze the effects of a reduction in the nominal money stock on the price level, on output, and on the real money stock when the aggregate supply curve is positively sloped and wages adjust slowly over time.
Milky Way Dairies purchased a two hundred-acre farm for raising cattle in 2006. An industrial park to the west, Mountain Estates, had in 1980 fenced off a two-acre stretch of land that was properly within the two hundred-acre farm now owned by Milky ..
Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand function is Qd = 10,000 – 100P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $25 per cubic yar..
What is the market equilibrium cost. What is the equilibrium number of firms in the market.
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down? What ..
General Patton LTD generated $6,900,000 of gross income during its tax year and incurred operating expenses of $1,875,000. Property taxes on business assets amount to $140,000. The total depreciation deductions for the tax year equal $350,000. What i..
Which policy will discourage economic growth?
Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soybeans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not? Determine whether ea..
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