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Michelle's business produces ceramic cups using labor, clay, and a kiln. She produces cups using a fixed proportion of labor and clay, but regardless of how many cups she produces, she uses only one kiln. She can manufacture 25 cups a day with one worker and 35 with two workers. Does her production process illustrate decreasing returns to scale or a diminishing marginal product of labor? What is the likely explanation for why output doesn't increase proportionately with the number of workers?
Which do you believe is more important for a firm’s financial efficiency and success: economies of scale or the learning curve? Explain and be specific, giving examples, not discussed in class or the textbook, where possible to support your answer.
Suppose that Bob withdraws $100 of cash from his checking account at Security Bank and uses it to buy a camera from Jor, who deposits the $100 in his checking account in Serenity Bank. Assuming a reserve ratio of 10 percent and no initial excess rese..
elucidate only the effect of recession on the country. Due to floods a country suffered from recession but gradual triggered growth in the manufacturing sector in the following years.
Explain In Canada Full-time permanent ---full time temporary----part time permanent---part time temporary---- Why is diagram may only apply to certain people And also considering race and age.
The equation of exchange indicates that:
Write a simple PhP Code that can be used to select all data in the codeigniter framework in the model section?
The Physics Club sells E = mc2 T-shirts at the local flea market. Unfortunately, the club's previous administration has been losing money for years, so you decide to do an analysis of the sales. How much should the Physics Club charge for the T-shirt..
Provide the information, is it surprising that the company's revenueincreased when it decreased the average selling price of its phones.
For this assignment you are revisiting the scenario presented in the Module 02 Course Project assignment (Kantianism vs. Utilitarianism). As you will recall, this is where the company you work for is faced with a decision regarding where to produce t..
Miriam is interested in estimating the annual labor cost for a new production facility. The labor cost index value was 124 ten years ago and is 188 today. Annual labor costs for a simlar facility were $503,030 ten years ago. What is the estimated lab..
_____ communication involves the exchange of information among colleagues and peers on the same organizational level, such as across or within departments. Which of the following statements is true about organizational culture? Banks having separate ..
Changes in tax laws and deliberate government purchases that are made to help the economy recover from a recession are known as ____________.
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