Reference no: EM131236946
Initial posts should be at least 200 words in length and fully address each component of the discussion.
In this forum:
When the output is a service rather than a good, it sometimes is difficult to quantify this service. Furthermore, the quality of a service is often as important (if not more important) than the quantity. And in many cases, labor time spent with a customer is directly related to this quality of service. If this is the case, then the quantity and quality of a person’s efforts may be in conflict with each other.
In the field of education, in obvious quantitative measure of teacher productivity would be number of students in a class. But is there a point at which the increase in class size interferes with learning? Moreover, what about such qualitative measures as the performance of the students in the subject being taught?
So in your initial post devise a method that accurately measures the productivity of a college professor teaching economics. Hopefully, the measure you will come up with will include some sort of quality measure as well. This measure you devise will be used to decide whether to renew faculty contracts, pay levels, promotions and pay raises, so be careful, my future lies in your hands.
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Physician services as monopolistically competitive market
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Marginal product of labor equals
: A firm is producing optimally (maximizing profits) when the price level = $1. It pays a wage rate of $10 per hour to labor and rents capital for $8 per hour. It sells its product for $20 per unit. At its current production point we can assume that it..
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Production function with constant returns to scale for firm
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Demand equation for good
: An MBA student has proposed the following demand equation for good Y. QdY = a + b PY + c M where: QdY = quantity demanded of good Y in millions of tons per year PY = Price of good Y in dollars per ton M = Average consumer income in thousands of dolla..
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When the output is a service rather than a good
: When the output is a service rather than a good, it sometimes is difficult to quantify this service. Furthermore, the quality of a service is often as important (if not more important) than the quantity. And in many cases, labor time spent with a cus..
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Marketable permits to produce that number of cars trade
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Where your clothes are made better or worse off
: Take a look at the labels of the clothes you wear. Are any of them made in the USA? As a nation, are we better or worse off because all of clothes are made elsewhere? Are the people in the places where your clothes are made better or worse off?
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Explain in terms of marginal revenue to printing shop
: The following is part of a price schedule, showing the quantity discounts offered by a printing shop. Does something peculiar happen as the size of your order approaches the upper limit in a given price range? Explain in terms of Marginal Revenue to ..
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Compare with other recessions since the great depression
: How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? What effect did the recession of 2007–2013 have on government regulation? Discuss these issues with current context, 2016.
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