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1. The AFL-CIO has been a steadfast proponent of increasing the minimum wage. Offer at least two reasons why they might lobby for such increases.
2. Mountain Springs Water Company produces bottled water. Internal consultants estimate the company's production function to be Q = 300L2K, where Q is the number of bottles of water produced each week, L is the hours of labor per week, and K is the number of ma- chine hours per week. Each machine can operate 100 hours a week. Labor costs $20 per hour, and each machine costs $1,000 per week.
a. Suppose the firm has 20 machines and is producing its current output using an optimal K /L ratio. How many people does Mountain Springs employ? Assume each person works 40 hours a week.
b. Recent technological advancements have caused machine prices to drop. Mountain Springs can now lease each machine for $800 a week. How will this affect the optimal K/L ratio (i.e., will the optimal K/L ratio be smaller or larger)? Show why.
Is it possible for the government to target the money supply over the longer term without targeting the PSNCR?
What are the two primary factors that influence a firm manager's choice between a labor-intensive and a capital-intensive method of production? How does each factor influence the manager's choice.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
From the second e-Activity, assess the marketing and pricing strategies, for example rebates, to determine the goal(s) of the marketing and pricing strategies for one of the companies you researched
Examine the common elements of compensation packages. Determine which two elements you believe to be the most motivational to an employee and to you. Support your position. Compare team and individual bonuses and incentives.
Explain how the vision that you have developed can be used to guide and motivate product development teams. How will it inspire others team leaders and team members?
What does this tell you about the relevance of ease of substitution to the effect of continual energy efficiency gains on energy growth - What happens to the growth rate of energy demand?
Suppose you have a machine tool manufacturing company that produces one standardized type of tool. Your total costs change as demonstrate in the table below:
Go to the website http:// www.fin.gc.ca. Click on "Budgets", then on "Archived Budget Documents", then on "2009", and finally on "Budget in Brief.Is the reasoning presented consistent with the model.Does knowlege of the model help you understand this..
Describe why a company in a perfectly competitive market would choose to remain in business, if its profit is zero at equilibrium.
conduct interview with one of the managers in our company and ask him the questions. so do the interview with the
Kinds of pricing and output strategies that Katrina's Candies should use to reach the goal of profit maximization. Suggest key modifications that Katrina's Candies should make in order to maintain a competitive advantage when new entrants enter the m..
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