| $32. | E. | $56. | | Sam owns a candy factory and hires workers in a competitive labor market to case the bags of candy. His company’s weekly output of cases of candy varies with the number of workers hired‚ as shown in the table: Reference: Table 13-a 3. | The marginal product of the fourth worker is A. | 110. | B. | 130. | C. | 140. | D. | 145. | E. | 150. | | Sam owns a candy factory and hires workers in a competitive labor market to case the bags of candy
Premium Employment Economics Supply and demand
1. Below is a list of topics in usually studied in economics. Determine whether each topic deals under the area of microeconomics or macroeconomics. a. How Bangko Sentral ng Pilipinas influences the consumer spending in the Philippines. b. How a household decides what LPG brand to buy. c. How a firm decides whether to continue business or shutdown. d. How debt affects the income gap among Filipinos. e. How new parents decide whether to work or stay at home with their children. f. How the
Free Economics Economy Economic system
labor. b. Labor-saving technology will increase the demand for labor. c. Labor-augmenting technology will decrease the demand for labor. d. A decrease in the price of output will increase the demand for labor. ANS: A 3. Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage. If the firm pays a wage of $700 per week and the marginal product of labor equals 20 units per week‚ then the marginal cost of producing an additional unit of output
Premium Employment Supply and demand Economics
reduced and the unit demand will be covered. In June we neither hire nor fire because our units of demand are covered. However‚ in July‚ and August‚ unit demand picks up and we will hire 5‚ and 7 employees respectively. In September we fire 4 employees and October we fire 2 employees cutting our labor cost‚ but still reaching our unit demand. In November we hire 7 employees due to the increase of Holiday sales‚ and in December we hire 6 employees. By doing so we have a Gross profit of $1‚125‚189
Premium Employment Supply and demand Management
“Is it Worth it to Train New Employees?” What is one concept that stood out to you in this article? One concept that stood out to me in this article is that the demand for new hire training is essential to growing companies‚ but more and more companies are looking to export or even get rid of training in some instances all together. “Most major investment banks outsource a chunk of their new employee training to a company called Training The Street‚ which runs two- to two-and-a-half-week programs
Free Training Skill Employment
Claim: It is permissible for companies to only hire employees with appearances that meet the company brand and image expectation. Explanation of the claim: Certain companies rely heavily on offering customers an experience when purchasing or using their services. Such an experience hopes to establish a company image‚ reputation‚ and more importantly profitability. These companies reserve that hiring employees‚ spokespersons‚ and promoters with a certain look creates an atmosphere that appeals
Premium Human physical appearance Employment Customer service
following needs for additional employees: Month January February March April May June Employees Needed 10 23 19 26 20 14 Each month‚ Davis can hire as many temporary employees as needed under each of the three options. For instance‚ if Davis hires five employees in January under Option 2‚ WorkForce Unlimited will supply Davis with five temporary workers who will work two months: January and February. For these workers‚ Davis will have to pay
Free Temporary work Employment Costs
article‚ “Going for the look‚ but risking discrimination‚” by Steven Greenhouse‚ he presents information about how companies hire people. Some companies choose to hire based on skill‚ others on looks. Companies shouldn’t hire based on looks because they may face discrimination laws and less attractive workers may have a better work ethic then attractive employees. If companies hire employees based on their appearance they may face discrimination laws. For example‚ “ ‘If you’re hiring by looks‚ them you
Premium Discrimination Employment
WHY YOU SHOULD HIRE BACKGROUD CHECK SERVICE? WHAT IS BACKGROUND CHECK? Background check is the process of finding out the background details of an individual. It includes checking the criminal records‚ financial records and commercial records of a person. Background check is usually done to find whether the person has lied to his interviewer about his degree and qualification or not. May be that person has criminal background. A large company can tolerate the loss if any employee is dishonest to
Premium Employment Pool World
workforce planningBUSINESS VALUE GUIDE VOLUME 5 COGNOS PLAN-TO-PERFORM BLUEPRINTS HEADCOUNT & COMPENSATION PLANNING Headcount and Compensation Planning helps corporations manage cross-enterprise employee headcount‚ compensation‚ and benefit costs to align departmental decisions with corporate objectives. Employee-related costs often comprise the greatest share of corporate operating expenses. It is no surprise that executive management focuses on controlling employee expenses in every
Premium Management Planning