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Question
Suppose the marginal expense of hiring another worker is $150, and the marginal expense of hiring current workers for an extra hour is $10. The added output associated with an added worker, holding both capital and average hours per worker constant, is 120. The added output generated by increasing average hours per worker, holding capital and the number of employees constant, is 7. If the firm is interested in maximizing profits, what should it do?
Receivers producing forty watts generally sell for $200, whereas receivers producing seventy-five watts generally sell for $550. Sally decides to keep the receiver and sue for damages. How much may Sally recover in damages from Linda?
Explain the relationship to MIT's Business Continuity Plan and Disaster Recovery Plan.
How many hours each day do they have to work? what is the economic explanation for the reduction in hours?
Think of a firm that relates to your major program of study, where you currently work, or a firm that interests you.
How does John Howard's "baby bonus" which consists in providing a lump sum of cash to parents upon the birth of a child will affect WAGES and LABOUR PRODUCTIVITY as well as POTENTIAL GDP and REAL GDP?
How can we use Hofstede's four dimensions--power distance, uncertainty avoidance, individualism, and masculinity--to gain insights into leader-subordinate.
After being in negotiations for two years, Swiss giant Nestlé, the world's largest food company, announced on July 15, 2011, that it had reached an agreement to pay $1.7 billion for a 60% interest in candy maker Hsu Fu Chi International. The r..
Subject: Small Business Marketing - In my small business marketing class, I am task with writing a situation analysis for a mobile detailing business.
Prepare a Policy concerning Affirmative Action and keeping in mind that you will have to make your policy agreeable to some degree to all factions.
The concept of leadership as a "vocation" greatly distinguishes leadership from a job, career, or what one simply does for a living. A vocation can be thought of as one's calling.
Determine the criteria you would use to evaluate whether Richard Branson's leadership style is a good fit for you as a manager and what conclusion you may draw.
Do you think companies should have specific policies addressing this issue, or do you think it differs according to the type of industry? Why?
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