OPEN UNIVERSITY MALAYSIA Managerial Economics Assignment QUESTION 1 A certain production process employs two inputs labor (L) and raw materials (R). Output (Q) is a function of these two inputs and is given by the following relationship: Q = 6L2 R2 - 0.10L3 R3 Assume that raw materials (input R) are fixed at 10 units. (a) Determine the total product function (TPL) for input L. (2 marks) (b) Determine the marginal product function for input L. (2 marks) (c) Determine
Premium Marginal cost Variable cost Fixed cost
Chapter 2 Foundations of Individual Behavior Biographical Characteristics Personal characteristics— such as age‚ gender‚ and marital status— that are objective and easily obtained from personnel records. Age Tenure of the Employees Marital Status Gender Biographical Characteristics Ability‚ Intellect‚ and Intelligence Ability- An individual’s capacity to perform the various tasks in a job. Intellectual Ability- The capacity to do mental activities. Multiple Intelligences-
Premium Operant conditioning Behaviorism Classical conditioning
In the article The Re-Education of Jim Collins author Bo Burlingham identifies many items leadership expert Jim Collins feels aspiring leaders be should be mindful of. Aspiring leaders should value the information found in Burlinghams’s article because is being passed through him from one of the most respected organizational leadership professional of the modern era‚ Mr. Jim Collins. The principles and skills they outline will undoubtedly be important for leaders to understand and develop as they
Premium Leadership Management Skill
Church History 301-D15 The Foundation of Orthodoxy and the Canon The foundation of Christian orthodoxy and canon are so entwined so that you cannot have one without the other; both drawing support from the other to establish details and outline its parameters. In the years that followed after the death of the apostles‚ there was a desire by the early Christian movement to consolidate‚ catalogue‚ and share the teachings of Jesus among the churches. Before there could be a collection of important
Premium New Testament Christianity Christian terms
Workplace Motivation Benjamin Enuma PSY/320 February 9‚ 2015 Thomas Grebouski The dictionary Webster’s defines motivation as “something inside people that drives them to action.” Motivation (Extrinsic and Intrinsic) plays the essential‚ but different roles of inspiring and compelling employees to do their tasks and be productive. Using a real-life example‚ this paper will examine the impact of different motivational strategies on productivity in the workplace‚ organization’s efforts to
Premium Motivation Management Human behavior
A short paper on Sociological Foundation of Education -By Gopi Chandra Upreti M. Phil. Development Studies‚ KUSOED Kathmandu‚ Nepal. Introduction Education is a process of learning. It is a kind of method to get knowledge in human life. As John Dewey said education ‘brings out all capabilities’ of human beings. It helps us to live our life independently. Accordingly‚ Socrates said that education has taken out our ideas from ‘innate capabilities’ so that we can know everything of the world. Education
Premium Sociology
Reduce‚ Re-use‚ and Recycle The more electricity we use‚ the more fossil fuels we burn and the more pollution goes into the sky. The more water we use‚ the harder the pumps have to work‚ therefore using more energy. The more paper we waste‚ the more trees and animal habitats are destroyed‚ inevitably leading to many species’ extinction‚ and more pollution‚ from the machines that destroy them. The more we reuse and recycle‚ the less we have to waste‚ and the more of this Earth we can save.
Premium Recycling
Manenfy Tavarez February 26‚ 2016 Criminology 320 Professor Contrino Psychological Theory School Summary: The Psychological Theory School says that criminal behavior is a outcome of people differences in the way they mentally think. Believe that a person thoughts and feelings determine one action. These choices are because of psychological determinism‚ that determines that the way we reason and act is because of our best urge to do so. Underlying Principles: Individual have to
Premium Crime Sociology Criminology
Business Research Ethics Maliaka M. McClendon RES/351 February 22‚ 2013 Henry Hoang Business Research Ethics When asking most people about ethics and morals‚ many think it is knowing the difference between right and wrong. A different way to define “ethics” is to focus on the disciplines that study standards of conduct‚ such as philosophy‚ theology‚ law‚ psychology‚ or sociology (Resnik‚ 2011). Regardless what area of the real estate industry you’re in finance‚ marketing‚ management‚ operations
Premium Ethics Race Business ethics
Foundations of Human Development in the Social Environment Introduction Human development is based on biological development‚ psychological development‚ and social development‚ these three aspects of human development interact with each other‚ because it helps to create an individual’s identity and personality. Our development defines who we are‚ our interactions and how we view the environment around us. To understand bio-psycho-social dimensions of human development‚ having culture competency‚
Premium Psychology Sociology Albert Bandura