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Dan Unowsky manages a production group in a PC repair shop. He has noticed that the speed of repair is based on each worker doing one task. However, if an employee is out sick, then the entire repair process slows down. This is an example of:
A. coordination costs.
B. the trade-off between low cross-training costs and reduced flexibility of the employees.
C. the absolute need for every employee to be trained in all aspects of PC repair.
D. managerial ineptitude.
Strong economic (or business) regulations can cause which of the following? What is the investment trade off? Name and explain the ground work for good economic growth.
FedEx can purchase a large-volume copier for $18,000 and depreciates it by straight-line depreciation. FedEx has a 35% combined incremental tax rate. If FedEx requires a real 9% after-tax rate of return on its investments, should the firm purchase th..
Suppose an economy described by the Solow model has the production function Y= K1/2 (LE) 1/2 a. For this economy, determine an expression for output per effective worker, y=f(k) b. Use your answer to part (a) to solve for the steady-state value of y ..
The table gives the approximate economic value associated with various levels of oil recovery in a U.S. state. Find the regression line. d(r) = Use the regression line to estimate the economic value associated with a recovery level of 70%. $ billion.
The Federal Reserve took money out of the banking system to raise the federal funds rate-the rate at which banks lend each other money overnight-from 4 percent to 4.5 percent. How does the Fed take money out of the banking system? Explain how doing s..
Why do you think the compensation plan differ at the two firms. In particular why do you think Kaufmann s pays commission to salespeople, while Parkleigh does not.
John bought a home after graduation and he is saving for the closing costs ($3000) and down payment. To avoid paying mortgage insurance and to get a better interest rate, he needs a down payment of 20%. He can afford a monthly payment of $700 based ..
Let's say you have a professor who gives 6 tests in the fall semester. You received these percentages: 79, 64, 84, 82, 92, and 77. This professor has decided that he will randomly select two grades instead of averaging all of the original scores. Fin..
Suppose that pizza is a normal good. Suppose further that all pizza workers earn the minimum wage. What would happen to the equilibrium price and quantity of pizzas sold if income rises at the same time that the minimum wage rises? Explain.
A minimum wage will influence different labor markets differently. In four separate market diagrams, illustrate the following cases: a competitive market in which causes a 50% reduction in labor demand; a competitive market in which the minimum wage ..
The distribution of annual net cash flows is approximately normal. Determine the probablity that the annual net cash flows will be negative. Discuss the probability that the annual net cash flows will be less than $20,000
Competitive advantage and comparative advantage will differ for China if. Gains from trade can only be achieved? if:
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