User Account

All Pages

What economic principle is illustrated by the above

Assignment Help Business Economics
Reference no: EM132460791

There are cooks, waiters, managers and receptionists working in restaurants. What economic principle is illustrated by the above phenomenon? List THREE reasons why the principle can increase labour productivity.

Reference no: EM132460791

Questions Cloud

What is the implicit interest rate for an organization : What is the implicit interest rate for an organization that takes a discount of 1/10 N/25 on a $13,000 invoice?
What is its weighted average cost of capital : Assume that a not-for-profit company has $20 million of long-term tax-exempt debt with an interest rate of 6.0%. The organization has $3 million of unrestricted
Explain why monopoly sellers usually offer discount prices : Explain why monopoly sellers usually offer discount prices to buyers who are willing to mail in a rebate coupon or endure some other type of inconvenience.
Discuss why traditional economic models : Discuss why traditional economic models find it difficult to explain why people would pay to attend weight-loss camps that restrict their daily calorie intake.
What economic principle is illustrated by the above : What economic principle is illustrated by the above phenomenon? List THREE reasons why the principle can increase labour productivity.
Discuss about the term family artifact mean : Discuss about the term family Artifact mean,explain where the object came from including any previous owners, how it came to be owned by your family
Testing an economic theory or model : What steps are involved in developing and testing an economic theory or model?
Components of gdp according to the expenditures approach : Question 1: Discuss each of the components of GDP according to the Expenditures approach.
Price-takers or price-setters : Consider firms in industries you are familiar with. Are firms in such industries price-takers or price-setters? How much control do they have over the prices

Reviews

Write a Review

Business Economics Questions & Answers

  Relationships in energy consumption-financial development

Modelling the Relationships between Energy Consumption, Financial Development, and Economic Growth in Nigeria from 1980 - 2015: Evidence from Cointegration with Unknown Structural Breaks

  Compare also contrast mcdonald strategies in china

Compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.

  Weaknesses of informal specifications

What are the weaknesses of informal specifications?

  Time-frame at hand is sufficient for inputs to be variable

If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is

  Denial of services and proxy servers

1. What are the steps you will take in consideration when a denial of attack occurs? Give an example or scenario. 2. How will you prevent intrusion attacks related to the router and switch?

  Investment in a mutual fund

If his investment in a mutual fund will earn him 11.45 percent annually, how much will he have saved in eight years when he buys his house?

  Q two soft drinks sit side-by-side in a grocery store a

q. two soft drinks sit side-by-side in a grocery store a six-pack of coca-cola a brand name sells for 3.00 while a

  Calculate the solow residual

Given the production function Y = A K0.3L0.7 if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent

  Identify the fixed and variables costs are for the good

From the e-Activity, determine the environmental variable most likely to affect the short-run production over the next 12 months. Determine what managers can do to prepare for the possible change in short-run production.

  Illustrate which factory will experience diminishing returns

A firm has two factories, one twice as large as the second. As the number of workers at each factory increases. Illustrate which factory will experience diminishing returns first.

  Supply of oil decreased

The Wall Street Journal (newspaper) of September 9, 2016, reported "recent tropical storms and hurricanes in the Gulf of Mexico interrupted oil shipments to oil refineries in the area." When an economist says the "supply of oil decreased" she means t..

  What is the economic principle here

An apartment owner puts out an advertisement for a company to provide lawn mowing services for a number of apartments he owns. He has some idea of the going price for lawn services and so he advertises that he will pay $100 per month per apartment co..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd