What other explanations might be possible

Assignment Help Business Economics
Reference no: EM13148073

During a time of increasing sales and production, the Sample Fabrication Company CEO hired additional workers to handle the increased production. At the end of the first quarter after hiring these new workers, the CEO discovered that productivity had declined with each new worker hired. The CEO was upset and demanded that the production manager determine whether they had hired lazy workers who should be fired or whether the supervisor was ineffective at managing the new workers or both. Whatever the explanation, the CEO insisted that a solution be found to bring productivity levels of the new employees up to the previous levels. Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?

Reference no: EM13148073

Questions Cloud

Increase affect operating profits : If Clark initiates a price increase for both product lines, how will customer demand change? How will the price increase affect operating profits
Compare and contrast the development of protostomes : Compare and contrast the development of protostomes with that of deuterostomes. List two protostome phyla and two deuterostome phyla, and in addition, list two other eucoelomate phyla which cannot be clearly classified as either type and explain w..
Fair market value of the common stock : On August 1, 2011, Lane Corporation called its 10% convertible bonds for conversion. The $8,000,000 par bonds were converted into 320,000 shares of $20 par common stock. On August 1, there was $700,000 of unamortized premium applicable to the bond..
What other explanations might be possible : Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?
What other explanations might be possible : Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?
New wages increase or decrease : wages decrease by 15%. by what % do the new wages increase or decrease. 3. divide 3420 into two parts such that one part is 28% more.
Calculate numerical summaries-measures of central tendency : Calculate numerical summaries including measures of central tendency such as mean and median and measures of variation including range and standard deviation.
Difference between carrying amount of asset : The carrying amount of the asset surrendered by Scott exceeded both the fair value of the asset received and Dale's carrying amount of that asset. If the transaction lacks commercial substance, Scott should recognize the difference between the car..
Indicate the direction of mass action of co2 : There is an unfortunate individual whose carbonic anhydrase (CA) does not function properly. In order to explain in one way what effect this would this have, focus on the red blood cell in the systemic circulation.

Reviews

Write a Review

Business Economics Questions & Answers

  Car companies will buy a latest car assembly machine

Elucidate how many car companies will buy a latest car assembly machine. Interest payments are made once a year.

  Michael porters five-force model

Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.

  Three key economic factors for this country

Contrast two or three key economic factors for this country with the United State economy also comment.

  Risks of linking the scorecard to compensation

Illustrate what are the advantages and the risks of linking the scorecard to compensation.

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Elucidate what happen to the prices of oranges and marginal

Elucidate what happen to the prices of oranges and marginal product of orange pickers as a result of a freeze. Can you say what happens to the demand for oranges pickers. Why or why not.

  What conclusions can be drawn about market allocations

Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..

  Profit-maximizing price and quantity

For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.

  Elucidate how scarcity of resources influences this market

Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.

  Michael is not maximizing his utility

Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.

  Model of ice cream production can be used to explicate

Illustrate what is the purpose of macroeconomic models. Explain how a model of ice cream production can be used to explicate 50-fold income differences across countries.

  Competitive market equilibrium

Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.

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!

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