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According to the chief engineer at the Zodiac Corporation, Q=AL^a K^b, where Q is the output rate, L is the rate of labor input, and K is the rate of capital input. Statistical analysis indicates that a=0.8 and b=0.3. The firm's owner claims the plant has increasing returns to scale.
A) Is the owner correct?B) If b were 0.2 rather than 0.3, would she be correct?c) Does output per unit of labor depend only on a and b? Why or why not?
Suppose you are the manager of a company that produces products X and Y at zero cost. You know that different types of consumers value your two products differently,
The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
Two months before, the landlord of a car dealership significantly changed his sales manager's compensation plan. Under the old plan, the manager was paid a salary of $6000 every month
Following are the Production Function: Q = 72X + 15X2 - X3, where Q = Output and X = Input The Marginal Product and Average Product when X = 6 are;
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.
Define and explain the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?
How could you assess which of the top 3-companies in an industry was best managed from a financial standpoint?
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.
Suppose a company that uses two inputs. The quantity used of input 1 is denoted by x_1 and the quantity used of input 2 is denoted through x_2.
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?
The organization and coordination of the activities of a business in order to achieve defined objectives.
Suppose ZCorp has following short run production function Q = 50X - 2X^2 where X is the only variable input used by ZCorp to product its product, Q.
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