How to replace the manager of the roller division

Assignment Help Macroeconomics
Reference no: EM13223422

You were recently hired to replace the manager of the Roller Division a t a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you begin reviewing the company's production information, you learn that labor is paid $8 per hour and the last worker hired produced 100 rollers per hour. The company rents roller cutters and crimpling machines for $16 per hour, and the marginal product of capital is 100 rollers per hours. What do you think the previous manager could have done to keep his job?

Reference no: EM13223422

Questions Cloud

Determine the prices that maximize joint profits : A town has a bakery that sells bread and a cheese shop. It costs $1 to make a loaf of bread and $2 to make a pound of cheese. If the bakery's price for a loaf of bread is p1 and the cheese shop's price for a pound of cheese is p2
Compute the planar densities in ions per square nanometer : Calculate the planar densities in ions per square nanometer on the (1 1 1) and (1 1 0) planes for (a) NiO and (b) NaCl. Ionic radii are Ni2+ = 0.078 nm and O2-=0.132nm, Na+=0.098nm, and Cl-=0.181nm
What is the point price elasticity of demand for oil : Suppose that the demand for oil is given by the equation P=10 - 0.2Q where Q is the quantity of oil in barrels per day and P is the price of oil in $ per barrel. You also know that at the current price of oil of $75 per barrel, 750 barrels of oil ..
Socioeconomic and demographic changes that could affect avon : Why is Avon so much more dependent on its foreign operations than on its home ( U.S.) operations and discuss socioeconomic and demographic changes that could affect Avon.
How to replace the manager of the roller division : Roller manufacturing is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you begin reviewing the company's production information, you learn that labor is paid $8 per hour and the last worker hired produced 10..
Discuss the process of change in an organization : Develop your own different approach to manage this change based on an alternative change model and take into account the political, economic, cultural and leadership factors you identified above.
What specific indices mean in relationship to overal article : 1.A minimum of three general economic principles related to the recent article not older than six months. 2.Identification of five macroeconomic indices 3.Explanation of the indices e.g., GDP, CPI, and other economic calculations
Explain what is the imine that is formed : What is the organic product in each step when phenylmagnesiumbromide (grinard reagent) is reacted with Ch3Ch2CN in ether and H3o+? What is the imine that is formed?
Calculate private saving-public saving and national saving : Economist in Funlandia, a closed economy, have collected the following information about the econonmy for a particular year. Y= 10,000 C= 6,000 T=1,500 G= 1,700 The economists also estimate that the investment function is

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate the price elasticity of demand for paint

Calculate the price elasticity of demand for paint and Illustrate the calculations.

  Explain why government regulation is needed

Explain why government regulation is needed, citing the major reasons for government involvement in a market economy and justify the rationale for the intervention of government in the market process in the U.S.

  Different situations according solow growth model

Assume that the economy starts in steady state. According to the Solow growth model, how would each of the following affect consumption per worker in the long run, Explain?

  Economy also decreases taxes on all individuals except

The federal government, in an effort to stimulate the economy also decreases taxes on all individuals except those earning over $250,000 per year.

  Elasticity of demand will also rise monopoly power

A rise increase in elasticity of demand will also rise monopoly power.

  Elucidate three general economic principles along identify

Elucidate three general economic principles along with being able to identify three to five macroeconomic indices e.g.GDP,CPI. I must also be able to make an evaluation and develop a forecast from the article.

  How would technology change impact employment

Polly's Pet Store on the Island of Atlantis has a local monopoly on the grooming of dogs. There are 1,000,000 citizens of the Island of Atlantis and 75% of them love and want dogs, but there are only enough dogs on the island for 25% of them to ha..

  Suppose the cross price elasticity of demand

Suppose the cross price elasticity of demand among peanut butter and grape jelly is negative.

  Illustrate what does this suggest about the natural

Illustrate what does this suggest about the natural free trade pattern of specialization in Argentina. i.e. would we expect that it would be a net importer or exporter.

  Important information regarding price elasticity

Important information regarding Price Elasticity of Demand and Total Revenue

  Illustrate what would happen to the costs if the growth rate

Illustrate what would happen to the costs if the growth rate was half as much as expected. This does not need to be a detailed economic analysis.

  Explain how the economy affects the success

Explain how the economy affects the success of the auto industry. Economic influences that can affect the industry in a negative way.

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