Differentiate the short run and the long run

Assignment Help Business Management
Reference no: EM133153942

Sarah owns a bakery that has four ovens, one full-time exempt administrative employee, and eight part-time hourly bakers.

Based on this information, respond to the following:

Distinguish between the short run and the long run. What will differentiate the short run and the long run?

Describe fixed inputs and variable inputs. Which inputs are fixed and which are variable in Sarah's bakery?

Why would marginal productivity decline after a certain level of production?

How can this problem of diminishing returns or marginal productivity be reduced or removed?

Reference no: EM133153942

Questions Cloud

Achieve effective communication with the child parents : A child you are caring for has recently moved to the country with their family. Their parents do not speak fluent English and you need to communicate with them
Break-even load factor for an airline : What impact might a 4% increase in compensation have on the break-even load factor for an airline?
Various types of air traffic controller facilities : How ATC (air traffic Control) has evolved from the first air traffic controller to the various types of air traffic controller facilities and positions that exi
What is the current legal system : What is the current legal system (civil, common, religious, or mixed) in Italy? Describe the influence that colonization had on the formation of the current leg
Differentiate the short run and the long run : Distinguish between the short run and the long run. What will differentiate the short run and the long run? Why would marginal productivity
Why do you find the article interesting : What implications may the article have related to a firm's profitability or specific key performance metrics (e.g. Hotel-Occupancy)?
Explain possible benefits of global economic integration : Explain possible benefits of global economic integration
Explain the cause for the fall of the bretton woods system : Briefly explain the cause for the fall of the Bretton Woods System
Conduct surveys regarding certain technologies : Auto driving is a new technology development trend that will reshape a new industry. Search the technology development and innovation strategy context that focu

Reviews

Write a Review

Business Management Questions & Answers

  Critical elements missing in current leadership studies

What, in your assessment, are the most critical elements missing in current leadership studies and theories (refer to Stuke, 2013, for example), and how should

  Explain the concept of yield management

What does the occupancy percentage tell the owner of a hotel? Discuss the shortcomings of this concept in measuring the effectiveness of a general manager.

  Negotiating a five year salary

a. A baseball player agent is on the verge of negotiating a five year salary for his client at a large salary. However, the agent realizes at the last minute th

  Compare three alternatives under expected value strategy

A museum has bought a new painting by a famous artist. The painting is worth $1 million and is now the museum's main attraction. The museum is worried that the

  Describe the house of brands strategy

Describe the "House of Brands" strategy? What were the strengths and weaknesses of this strategy for Harley-Davidson? How could Harley Davidson leverage their current line of products to reach a new generation of customers? Would it be worth it for..

  Have large u.s. firms over governed by corporate governance

Alliances are often very cost-effective and even large firms don't possess all the necessary expertise. Identify and other firms that use alliances will alliances will be used more or less in the future than they are today.

  Draw the appropriate ad-as diagram

Using AD- AS model, explain carefully the immediate and long term effects of the event towards the economy. Explain/draw the appropriate AD-AS diagram

  Highly regarded international economic advisor

Suppose you are a highly regarded international economic advisor. You have been asked to assess thepossibilities of growth in an African country. It is a country abundant in labour and some natural resources.

  What is the expected dividend per share at the end of year 5

Ottocell Motor Company just paid a dividend of $1.40. Analysts expect its dividend to grow at a rate of 10 percent next year

  What type of culture would be misfit for you

What type of a company do you feel would be a good fit for you? What type of a culture would be a misfit for you?

  Changed managerial and financial applications

Does your organization use the Balanced Scorecard approach? If so, discuss how its use has changed managerial and financial applications in the company. If not, consider what changes might occur if your organization did apply a Balanced Scorecard.

  Clearest indication of interpersonal attitudes

What is the aspect of nonverbal communication offering the clearest indication of interpersonal attitudes?

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