Managerial Economics HW #4 (Chapter 5) 1.A firm can manufacture a product according to the production function Q F(K‚ L) K3/4L1/4 a. Calculate the average product of labor‚ APL‚ when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the average product of labor change when the firm uses 81 units of labor? Saat (Capital) K = 16 (Labour) L = 16 Q = (16)0‚75(16)0‚25 Q = (8)(2) = 16 APL =Q/L =16/16=1. Saat K= 16 Q= 81 Q = (16)0‚75(81)0‚25 Q = (8)(3)
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Gil (2015) Ch. 6 Q 1: “What are the most important aspects of this reading and why?” The most important aspect of the reading is about Bonita who was a young widow and single mother of three children. Also regarding that the youngest child Carlitos‚ who was diagnosed by his teacher that he had ADHD and needed medication (Gil‚ 2015 p. 96-110). The counselor was able to have Bonita and Carlitos engage in an activity that both of them enjoyed together and may have increased their relationship. The
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Lecture Four – Topic 9 Directors’ Duties 2 Preparation: Read: Jason Harris‚ Anil Hargovan and Michael Adams‚ Australian Corporate Law (LexisNexis‚ 4th ed‚ 2013) Chapters 15‚ 16 Questions/Activities: 1. What is meant by good faith? 2. What are the company’s interests? 3. What are proper purposes? 4. How does a court resolve the purpose for which a power has been exercised where a director has more than one purpose? 5. (Seminar Problem) A tsunami hits
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Describe the key features of the Stresemann foreign policy in the years 1923-1929 (6 marks). In 1924 Stresemann and Charles G. Dawes created the Dawes Plan. The Dawes Plan reduced annual reparation payments to an affordable amount. It was also agreed that American Banks would invest in German industry. This also improved the trust the allies had in Germany‚ as they were reassured that they would get their reparation payments. In 1925 Stresemann signed the Locarno Pact. This was a treaty between
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Dear Senior Partner This memo addresses three fundamental issues of concern to The Waves’ Executive Committee. It is noteworthy that decisions of the Executive Committee are generally taken to be as decisions of the Owners Corporation. 1. Fixing The Waves Pool Heater The first issue to resolve is whether the Owners Corporation has a duty to fix The Waves’ pool heater. In the Strata Schemes Management Act‚ common property is defined as any land in a strata scheme that is not composed of a lot
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reasons she desires the out of office interaction‚ and the possible risks and benefits of this interaction. For instance‚ I could say‚ “You say that meeting in the office makes you feel uncomfortable‚ can you elaborate more on that?” By asking such a question‚ we may be able to discern the underlying reasons for wanting to meet outside the office. It is possible that the nature of the client helper relationship makes her uncomfortable and she is looking for more of a social interaction‚ which would not
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BPH – Tut # 2 Fluid Mechanics – University of Technology‚ Sydney – Engineering & IT Tutorial # 2 – Questions and Solutions Q.1 For the situation shown‚ calculate the water level d inside the inverted container‚ given the manometer reading h = 0.7 m‚ and depth L = 12 m. Q.2 (from Street‚ Watters‚ and Vennard) The weight density γ = ρg of water in the ocean may be calculated from the empirical relation γ = γo + K(h1/2)‚ in which h is the depth below the ocean surface‚ K a constant‚ and
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teething etc. With 3 to 5 year old‚ they should be gaining confidence to try and string sentences together. In this phase of communicating the roles need to be reversed so the adult spends more time listening and asking the child interesting questions. This is to encourage empowerment within
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Issues and Discussion Questions 1.What kinds of products and technologies does Benson Metals use? How have these been changing recently? Benson Metals‚ a medium-sized maker of specialty steel products‚ has traditionally used a craftsliketechnology to produce a variety of metals. In terms of Perrow’s model of technology‚ task variety andtask analyzability are low‚ as there is still guesswork‚ skill‚ and even some “black magic” inmanufacturing products. Benson also produces metals in very small quantities—pounds
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bargaining action. Write a succinct and complete summary on the contents of the article you ’ve provided along with your critical comments about that article. Support your findings with referenced research. (5 points) 4 2. Identify and discuss three laws that support collective bargaining. Include and discuss [showing relevance or applicability] at least one reference found in our text‚ along with a current web-based news item/magazine article about each. Write a succinct and complete summary on the
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