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Q. Businesses often decide between using automation and labour in production. An automotive environment may have high fixed costs and low variable costs; for example and an industry that utilizes manual labour for production will have low fixed costs and high variable costs. Read Guillermo Furniture Scenario (Below). Based on Guillermo Furniture Scenario and this week's readings, how would you describe balance between costs of automation, or fixed costs and costs of labour, or variable costs? How has Internet changed balance between automation and labour?
A businesses strategic choices are limited by economic conditions. When you arrive at strategy class, you will be asked to perform an environmental analysis.
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llustrate what increase in G is necessary to achieve target output in domestic economy. Illustrate what would be increase in G and T needed if government wanted to keep a balanced budget.
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The companys marketplace department estimated a linear demand function for Border's picante sauce:
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Illustrates what the advantage of using capital in the production. Illustrate what is mean by the term division of labor.
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