Chapter 5 Question 6 Page 218 Q = Dresses per week L= Number of labor hours per week Q = L –L2/800 MCL=$20 P= $40= therefore MR=$40 Part A: A firm maximizes profit when it equates MRPL = (MR) *(MPL) = MCL MPL= dQ/dL =1 – L/400 Therefore (40)*(1-L/400) = 20. The solution is L = 200. In turn‚ Q = 200 – (2002/800). The solution is Q = 150. The firms profit is= PQ – (MC)L= ($40) (150) – ($20) (200) = $2‚000 Part B Price increase to $50: Q = Dresses per week L= Number of labor hours
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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further economic decline due to both prior economic problems and economic problems post Tito’s death. During Tito’s time as ruler‚ his vision was for a third way economy‚ in which saw Yugoslavia working with both East and West without being dominated by either. Despite communist representation‚ Yugoslavia was the most free of the communist states ‚ as Tito’s system allowed for small businesses which ultimately allowed for small luxuries and modest wealth. Due to Tito’s system and other economic measures
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000‚000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. What is the break-even volume? 125‚000 Lawyers‚ accountants‚ and other professionals typically price by adding a standard markup for profit. This exemplifies ________. Cost-plus pricing Why is markup pricing most likely popular? Sellers do not need to make frequent adjustments as demand changes. Briefly describe how economic conditions impact a firm’s pricing strategies. Economic conditions can have a strong impact
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Eco550 Week 3 Chapter 5 1. The forecasting staff for the Prizer Corporation has developed a model to predict sales of its air-cushioned ride snowmobiles. The model specifies that the S vary jointly with disposable personal income Y and the population between ages 15 and 40‚Z‚ and inversely with the price of the snowmobiles P. Based on the past data‚ the best estimate of this relationship is S= K *YZ/P where k has been estimated (with the pst data) to equal 100. If Y=$11‚000‚ Z= $1‚200‚ and
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Discuss research into the workplace as a source of stress? (12 marks) Workplace is considered to be one of the major sources of stress for many people and different levels of stress are different for everyone depending on their environment of work. One study carried out was by Johansson et al (1978) who investigated whether work stressors such as machine regulated pace of work and high levels of responsibility increases stress related physiological arousal and stress related illnesses. The study
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vacation Microeconomics iv. A worker’s decision regarding which job to accept Microeconomics v. Designing government policies to address issues with the social security program Macroeconomics 2. Determine whether each of the following is a positive or normative economic statement. i. A 40-cent-per-pack tax on cigarettes will reduce teenage smoking by 10 percent. Positive ii. The federal government should spend more on diabetes research. Normative iii. Rising
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Book Outline Ron Man’s Proclamation and Praise: Hebrews 2:12 and the Christology of Worship. Chapter 1 : The Context of Hebrews 2:12 A. The Immediate Context : Apostle and High Priest (3:1) a. consider Jesus‚ the Apostle and High Priest of our confession b.qualified to be the Apostle‚ the Father’s Messenger as man‚ and as Hi High Priest before God. B. Apostle a. Messenger of God (1:1-2) sent by the Father b. Prominent themes : God has “spoken to us by” / “spoken of” / “spoken to” /
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Homework 1 (Ch. 1-2) 1. Make five qualitative and five quantitative observations about the room in which you now sit. a. Quantitative i. Have 1 desk ii. Have 2 monitors iii. Have 6 pillows on my bed iv. Dresser has 5 drawers v. Have 1 TV b. Qualitative i. Desk is steel and sturdy glass ii. Monitors are black and made manufactured by Dell iii. Pillows are filled with cotton or goose features iv. Dresser is made of a dark wood v. TV was purchased at Best Buy and was manufactured by Samsung 2. Describe
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Unit 2 Summary notes – Nikhil Pillai Measurements of economic performance Economic growth Two meaning of the term economic growth: - Actual growth‚ increase in real incomes or GDP - Potential growth‚ increase in the productive capacity in a country Real values are adjusted to remove the effects of inflation. Nominal values are current incomes that are not adjusted For GDP to have any significance in terms of standards of living; figures must be given per head (or per capita). E
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