Are the last people you hired just lazy

Assignment Help Microeconomics
Reference no: EM133531551

Question: Imagine the scenario: you have fulfilled your dream by buying a McDonald's franchise. You start hiring employees and come to realize that the first employees you hired were extremely productive, but every additional person you hired seemed to be less productive. Why does this occur? Are the last people you hired just lazy?

So far, I have "Employees can seem less productive than the initially hired ones due to a variety of reasons other than laziness. The law of diminishing marginal returns can best explain why this phenomenon occurs." Could you help me elaborate a bit on this or even adjust it to make it more accurate if possible?

Reference no: EM133531551

Questions Cloud

Types of conditions that can impair the urinary system : Describe 2 types of conditions that can impair the urinary system and How will this knowledge be used when coding and billing for this medical specialty
How is brand coca-cola present in monopolistic competition : How is the brand Coca-cola present in monopolistic competition, and how is the Principle 6: Markets are usually a good way to organize economic activity
Discuss what this law is and provide an example : Discuss what this law is and provide an example of diminishing marginal utility you've encountered recently.
What could be the demand, supply and shifts : What could be the demand, supply, shifts, and changes in equilibrium quantity and equilibrium price with the new Netflix password sharing policy
Are the last people you hired just lazy : Could you help me elaborate a bit on this or even adjust it to make it more accurate if possible
What drove philosophers to reconsider his theories : but his ideas gained more attention in the twentieth century than during his lifetime. Why is this so important? What drove philosophers to reconsider his
What is the subtle doctrine of innate ideas : what you take to be Locke's best argument against the doctrine of innate ideas, and explain briefly why you think it is the best.
How did the us government intervene to stabilize the market : How did the US government intervene to stabilize the market in the short run with the shift of an increase in the current oil prices?
Which the aspiration toward neutrality is misapplied : Neutrality is valuable in the context of reporting the news. Explain why. Briefly describe an imagined scenario in which the aspiration toward neutrality is

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine the reservation wage

how many hours does each individual supply - And, at which wage rate would each individual supply 40 hours per week? Please round to the second decimal point

  Compute trend analysis for net revenue and net income

Compute trend analysis for net revenue and net income - Which grew faster during the period, net revenue or net income?

  What inflation rate in taxes for the remaining taxpayers

Ruralville is suffering a 1% annual loss of population and property values. Even so, Ruralville must maintain its tax collections at a constant value.

  What advice can you offer mcburger

How much revenue does McBurger currently earn based on the information above and is McBurger maximizing its revenues

  What is the irr

If Dr. Smith buys a machine for $5000 and is able to improve the earnings of her practice by $2000 a year for five years.

  Discuss the key disadvantages to an incentive pay system

Discuss the key advantages and disadvantages to an incentive pay system. Within an incentive pay system, what are the advantages and disadvantages to.

  Do the given two facts surprise you

One study compared the performance of a single company's franchised and company-owned fast-food outlets on health inspections.

  Define the production possibilities curve

Compare the movement from b to c and from e to f. What do you notice about opportunity cost? Explain and how can an economy achieve points that are outside the production possibilities curve?

  How did your parents or guardians try to limit these effects

When you were a child living at home, your parents or guardians paid for the food, utilities and clothes that you use. How did this “third-party-payer system” affect your behavior? How did your parents or guardians try to limit these effects?

  What are the market equilibrium price and market equilibrium

What are the market equilibrium price and market equilibrium quantity for COVID 19 vaccines? At the price of 0, how many COVID 19 vaccines are consumers

  Identify the forecasting model

Discuss whether you would recommend this quantity as the manufacturing plan or the quantity found using the simple three year moving average in step two and why.

  How responsive do you think consumers will be

How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd