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An Appliance Service firm made home calls and repaired ten lawn movers, two refrigerators, and three washers in an 8-hour day with his standard crew of 3 workers. The average wage for the workers is $12 per hour. The materials cost for a day was $200 while the overhead cost was $50.(a) What is the company's labor productivity, if the retail price for each respective service is $50, $200, and $120?(b) What is the multifactor productivity, if the crew consisted of two of each type mechanic?(c) How much of a reduction in input is necessary for a 5% increase in multifactor productivity?
Determine what are voluntary export restraint contracts and explain why do some governments force foreign exporters into them instead of just using quotas or tariffs to restrict imports by the same amounts?
The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:
Assume that, prior to other company's entering the market, the maker of a new smartphone earns $100 million per year. By reducing its price by 50%,
Assume, after graduation, you take a job in a company in Chile that manufactures faux leather shoes. One day, your boss comes in and says, "this company is not operating at a profit
General Cereals, (GCI) produces and markets Sweeties!, a popular ready to eat breakfast cereal. In an effort to expand sales in the Secaucus,
List three characteristics of an economists, a scientist and thee characteristics of an economist as a policy adviser.
Continental Airlines was doing something that seemed like a horrible mistake. All other airlines at the time were following a simple rule: They would only offer a flight if, on average,
Business Week, in an article dealing with management, wrote, "When he took over furniture factory three years ago. Realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level
How does capital investment affect the marginal physical product of labor and does more college education have the same kind of effect also which is a better investment
American Linen is a company that has multiple salespersons. In 2008, it changed the compensation method for its sales force, moving from a system of fixed wages to one of base wage plus charge.
Explain why is advertising prevalent in many oligopolies, especially when industry demand is inelastic and illustrate your answer by supposing that with advertising, a company demand curve has price elasticity of -1.5 and without advertising,
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