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Using the internet and your text, examine how an organization motivates a diverse group of individuals towards a common goal on the following:
A consumer may consume food x and hours of leisure time h. The price of one unit of food is $1. Initially, the consumer has no money and 24 hours of spare time that she may devote either to work, or to leisure. The consumer earns wage rate s per hour..
Provide one example each of a workforce scheduling, a blending, and a logistics linear optimization problem not discussed in the textbook. What is being optimized in each of your examples and why?
A monopolist faces the following demand function and total cost function. P=100-2Q, TC=20+10Q+Q^2. What is the profit at the monopolistic equilibrium? Show your work.
Should people be allowed to sell kidneys in the U.S.? How should we measure the gains and losses? In general, are markets always the preferred solution? Why or why not?
Some doctors in the US are paid a fee for all the services they perform for their patients. Other doctors receive a fixed payment (capitation) for each of their patients, regardless of the number of services performed. What are the advantages and dis..
New York & Co. is considering a limited edition denim jacket. Because it is so special, the first few will sell for a very high price, the next for less, and so on. A curve on a graph is used to estimate the price of each jacket. What if a less autom..
Suppose the value of the cpi is 1.100 in year one 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three. the price level is..
Spending by the consumer sector is the driving force in the US economic system. Although the business and government sectors make a considerable contribution to the success of the economy, it is the spending by the consumer or household sector of the..
Arbitrators regard the term "subject to dismissal" as implying that management can implement disciplinary penalties other than discharge. The monetary value of employee benefits provided by unionized employers exceeds the value of employee benefits p..
What is the total amount of interest collected from a $5,000 loan after three years with a simple interest rate of 6%? If you receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was the interest rate you charged? You..
suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.
Briefly describe how these firms would price discriminate: department stores, airlines, movie theatres
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