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1. How can you use the concept of "diminishing marginal productivity" in your staffing decisions in your company's operations?2. Marginal productivity can be divided into three ranges: a) Increasing marginal productivity; b) Diminishing marginal productivity; and c) Negative marginal productivity. Often the range of increasing marginal productivity is described as the range of synergy. What does this mean? Provide an example.3. Marginal productivity can be divided into three ranges: a) Increasing marginal productivity; b) Diminishing marginal productivity; and c) Negative marginal productivity. Firms are usually in the range of diminishing marginal productivity and that is not a bad thing! What does this mean? Provide an example.4. What intangible costs and benefits should also be included in our economic decision making relative to staying in a job or finding a new job?5. Why might a business owner work late and long for meager "returns" and ignore the advice when normal profits are not being earned, one should exit the business?
6. What part of the production process is outsourced to foreign operations for the iPod? 8.In what industries do we see this innovation cycle and in what industries don't we see this innovation cycle? Why?
Illustrtae the marginal product of labor.
Explain why would this be described as a Prisoner's Dilemma game.
Assume that Nancy Pelosi declares that clay fire pits are causing global warming, and demand for fire pits shrinks substantially in the U.S.
Find the following: First solve this problem using an Excel spreadsheet approach and then do the problem using the optimization procedure; compare the answers for the two methods.
Illustrate what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.
Suppose that a small town uses a referendum to overcome free ridership problem & determine how its residents might value a new water filtration system for its public water supply.
Discuss the comparative advantage(s) of your selected regional trading blocs. Identify the major risks associated with doing business in the selected trading blocs.
A philanthropist working to set up a permanent endowment wants to deposit money each year, starting now and making ten more deposits,
Describe and graph (using AD/AS framework) an example in today's news of fine tuning economy. Assume the MPC in an economy is 0.8, the APC is 0.8 and disposable income is $9 billion. If disposable income increases to $14 billion, what is the new le..
The owner of the Los Angeles Dodgers has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q-How much revenue does the owner make at the current price?
If it is good for comunity for people to own their own homes, home ownership should be subsidised with special tax advantages or subsidies.
The prices of outstanding bonds change whenever the going rate of interest changes. In general, short term interest rages are more volatile than long term interest rates.
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