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A. What is the law of diminishing marginal productivity? Give an example from your workplace/household of the law of diminishing marginal productivity?.a) Explain why is the demand of labor a derived demand?b) Determine what is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
QopyQat specializes in printing business cards and resumes, using latest laser technology. After examine the business, manager has decided that weekly demand can be approximated;
In 1989, Detroit Free Press and Detroit Daily News obtained authorization to combine under a special exemption from the antitrust laws.
The hourly wage rate is $6, hourly rentail rate for capital is $8. The production function I found to be q=10K^.5L^.5 The captital if fixed at 225 hours in the short-run.
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.
A company uses two inputs to produce a final good. If the price of one of the inputs raise and price of the other remains the same
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%,
The American Baker's Association reports that yearly sales of bakery goods last year rose 15%, driven by a 50% increase in the demand for bran muffins
The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:
A company has the following short run demand and cost schedule for a particular product; Estimate the firm's profit-maximizing Quantity, Price, and economic profits or losses.
A company has the following short run demand and cost schedule for a particular product: Calculate the total profit or loss this firm would make
Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.
Determine what will the sustainability movement look like over next twenty years? What issues do you expect to take center stage? How will business respond?
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