Determine the averages per worker per week

Reference no: EM13243842

The human resource manager of the XYZ Company makes the followingclaim: "Our workers make an average of $500 per week. Weproduce $8000 worth of output each week using only 10 workers. That averages out to $800 per worker per week. We should therefore hiremore people as long as the wage is $500 per week." Assessthis claim - is the reasoning solid or do you disagree?

Reference no: EM13243842

Questions Cloud

Example on strong correlation : Identify a pair of variables for which you would expect to see a strong correlation but not a cause-and-effect relationship. Suggest an explanation for the association.

Determine the magnitude and direction of the field : A proton moves perpendicular to a uniform magnetic field Barrowbold at a speed of 1.20 107 m/s, Determine the magnitude and direction of the field

What are two ways for a competitive firm to determine : As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because

Find the difference between the potential energie for dipole : An electric dipole consisting of charges of magnitude 1.90 nC separated by 7.00 µm is in an electric field of strength 1190 N/C, find the difference between the potential energies for dipole orientations parallel

Determine the averages per worker per week : The human resource manager of the XYZ Company makes the followingclaim: "Our workers make an average of $500 per week. Weproduce $8000 worth of output each week using only 10 workers.

Which researcher will have the more precise estimate : The East Coast researcher decides to construct a two-sided 99% confidence interval. Which researcher will have the more precise estimate?

Discuss the effect of international trade on each market : You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses i..

State the pressure in the flask to rise to standard pressure : This reaction's half life is 35.0 at 680C. If you had 520 mmHg of phosphihne in an 8.00 L flask, how long does it take for the pressure in the flask to rise to standard pressure

Determine the annual profit or loss if units are sold : The fixed costs at Harley Motors are $1 million annually. The main product has a revenue of $8.50 per unit and $4.25 variablecost. Determine (a) the break-even quantity per year, and (b)the annual profit or loss if 200,000 units are sold and if 35..

User Account

All Pages