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During a time of increasing sales and production, the Sample Fabrication Company CEO hired additional workers to handle the increased production. At the end of the first quarter after hiring these new workers, the CEO discovered that productivity had declined with each new worker hired. The CEO was upset and demanded that the production manager determine whether they had hired lazy workers who should be fired or whether the supervisor was ineffective at managing the new workers or both. Whatever the explanation, the CEO insisted that a solution be found to bring productivity levels of the new employees up to the previous levels. Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?
One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.
Illustrate what has presidents immediately under the principles of immediate wants of the nation also mandate from the people.
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
Suppose a particular labour market were in market-clearing equilibrium. What could happen to cause equilibrium wage to fall. If all money wages rose with inflation each year, how would real wages in this market adjust.
Discuss how government intervention to address a market failure might worsen the situation. Provide an example of where government intervention does work and why that is so.
Some, like Santander, have quietly expanded into or business lines; its consumer-credit division is Europe's biggest car financier. What is next.
Draw the MC cure for Guns in terms of the production of butter. If the economy produces 3000 guns per day, how much butter can it produce per day.
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
The unsold computer is carried on XYZ's books as an $800,000 increase in inventory.
Describe how changes in the macro environment affect individual firms and industries through the micro economic factors of demand, production, cost and profitability.
Can the researcher say with a 0.05 level of significance that the proportion of children not completing primary school is more than 1%.
Discuss at least two alternative measures of national welfare that have been put forward? What are the primary strengths and weaknesses of these alternatives and discuss at least two alternative measures of national welfare that have been put f..
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