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Consider your own output standards. What are they - for this course / for this term / for your academic career? List them in terms of those that encompass the control model (quantity, quality, cost, and time).
1. How will you manage your inputs (time, money and people) in order to attempt to achieve your desired output standards?
2. What types of measurements are you going to use to determine your progress toward your output standards in comparison to your input standards? How often are you going to make these comparisons?
3. After the comparing stage of the control model, what actions might you take if you fall short of your objectives or standards?
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Kraemer Thoughts On The Importance of Self-Reflection. Then, Also Make A Personal Application On Self-Reflection As A Journal Entry
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Solve for the marginal cost function using your result from part a). Suppose p = 50 and that the ?rm is a price taker. What is the optimal amount of output the ?rm should produce?
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Compute the standard deviation of this return. Express your answer as a percentage to three decimal places (the percent sign is not essential). That is, if you compute a standard deviation of 0.12345, enter your answer as 12.345.
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