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Dan Unowsky manages a production group in a PC repair shop. He has noticed that the speed of repair is based on each worker doing one task. However, if an employee is out sick, then the entire repair process slows down. This is an example of:
A. coordination costs.
B. the trade-off between low cross-training costs and reduced flexibility of the employees.
C. the absolute need for every employee to be trained in all aspects of PC repair.
D. managerial ineptitude.
Market that gives auctions, request for quote postings, and other features to firms that want to operate their own marketplace.
Discuss one aspect of the low-cost-carrier business model, such as Ryanair’s, that provides a sustainable cost advantage over a large network carrier, for example, British Airways.
A decrease in the price level will
it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product. Demonstrate how you know.
Comedian Jay leno once took his show to michigan and gave away free tickest so that out-of-work individuals could attend. He later objected when he discovered that someone tried to sell his free ticket on eBay, and eBay subsequently banned the sale o..
Suppose that Jack and Jill use a tit-for-tat scheme to encourage cartel pricing. Jill chooses the low price for two successive months, and then switches to the high price. The two firms will deviate from cartel pricing for a total of _________ months..
Discuss the issue of health care in the context of the following microeconomic concepts: ?Marginal analysis ?Trade-offs ?Opportunity costs ?Normative versus positive economics
Consider the following mutually exclusive alternatives: Each alternative has a 5-year useful life and no salvage value. The MARR is 10%. Which alternative should be selected if one uses?
q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises
What is the difference between a proportional tax and a progressive tax? What are the problems of progressive taxation as a means to achieve greater equality in income distribution?
Which of the following is FALSE about intraindustry trade? Economies of scale allow firms to enjoy lower average costs. It creates gains from trade. It is due to comparative advantage. d. It may involve heightened competition and lower prices for con..
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
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