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1. Using personal (work) experience or examples found from companies you research or from text book scenarios:
a. Give an example of at least two "conflicting measurements" being used, and
b. Explain how/why these are good examples of the point made in the lecture about "misalignments" between links of functions in an organization.
explain main features of short run engineering cost theory
what is the theory of second best? prove the theorem with the help of a diagram.
A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least c
explain 6 factors that determine volume of production
There are various implications of the monopoly model; many of which lead to criticisms of monopoly on issues of both technical /allocative efficiency. The prices and output verifi
What is elasticity of supply
CONSUMER CHOICE INVOLVING RISK: The traditional theory of consumer behaviour does not include an analysis of uncertain situation. Von Neumann and Morgenstern showed that under
the demand and supply functions for goods are given by demand:Pd=50-3Qds and supply:Ps=14=1.5Qs. where p is the price of a pair of jeans, Q is the number of pairs of jeans a) calc
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
demand for risky assets
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