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1. How can you use the concept of "diminishing marginal productivity" in your staffing decisions in your company's operations?2. Marginal productivity can be divided into three ranges: a) Increasing marginal productivity; b) Diminishing marginal productivity; and c) Negative marginal productivity. Often the range of increasing marginal productivity is described as the range of synergy. What does this mean? Provide an example.3. Marginal productivity can be divided into three ranges: a) Increasing marginal productivity; b) Diminishing marginal productivity; and c) Negative marginal productivity. Firms are usually in the range of diminishing marginal productivity and that is not a bad thing! What does this mean? Provide an example.4. What intangible costs and benefits should also be included in our economic decision making relative to staying in a job or finding a new job?5. Why might a business owner work late and long for meager "returns" and ignore the advice when normal profits are not being earned, one should exit the business?
6. What part of the production process is outsourced to foreign operations for the iPod? 8.In what industries do we see this innovation cycle and in what industries don't we see this innovation cycle? Why?
Demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society's economic welfare.
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
Prepare an salary statement for the month utilizing the contribution format and the variable costing method.
The management team at your hotel which has been asked to work together with the information technology manager to identify what information, documents, and files should be secured when stored on the server network and to identify possible solutio..
Suppose that the town of Grayrock had a population of 10,000 in 1998 and a population of 12, 000 in 2003.
A small business which produces plastic vacuum-suction covers for round household dishes has monopoly that is protected through a utility patent. Market demand curve for this product is estimated to be:
Discuss the likely sources of the economies of scale that underlie the large size of these firms. [Note: the stocks of private firms are not traded on public stock exchanges
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
Suppose the emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . What quantity of output will the firm produce.
Suppose you are the manager of a firm that sells its product in a competitive market at a price of 50. Your firms cost structure is c=40 + 5Q2. The profit maximizing output for your company is;
Please provide the reference info. for the articles found so that I can read and understand the issues.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
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