Q1. Of the following production functions‚ which exhibit increasing‚ constant‚ or decreasing returns to scale? a. F(K‚L) = K2 L b. F(K‚L)=10K + 5L c. F(K‚L)= KL.5 Q2. Suppose the process of producing lightweight parkas by Polly’s Parkas is described by the function q=10K8 (L-40).2 Where q is the number of parkas produced‚ K the n umber of computerized stitching-machine hours and L the number of person-hours of labor. In addition to capital and labor‚ $10 worth of raw materials
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The Production Possibility Frontier Consider the case of an island economy that produces only two goods: wine and grain. In a given period of time‚ the islanders may choose to produce only wine‚ only grain‚ or a combination of the two according to the following table: Production Possibility Table Wine|Grain| (Thousand of bottles)|(Thousand of bushels)| 0|15| 5|14| 9|12| 12|9| 14|5| 15|0| The production possibility frontier (PPF)
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Many companies have tried to understand and replicate the production process at the various Toyota facilities‚ but until you stop just looking at the surface and take a deeper look you won’t fully understand all the positive aspects to the production line. Toyota is known for their distinctive practices and precision work throughout the years and their amazing use of internal benchmarking to help the company continue to move forward. Because of the positives within the company’s dynamics Toyota
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polycentric staffing by Perlmutter (1968)” Scientific research and writing I Outline I. Outline 1 Introduction 1.1 Research problem 1.2 Research methodology 1.3 Way of investigation 2. Degrees of multinationality and how to measure them 1. General assumptions 2. The role of a manager in a multinational corporation 3 Global staffing 4. The EPRG concept 1. Ethnocentrism 2. Polycentrism 4.2.1 Pros of polycentric staffing
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been many legislation pieces enacted to protect the lives of millions of people with disabilities in the United States. The purpose of these laws is to ensure and restore the lives of individuals with disabilities. One significant legislation is the Poor Relief Act of 1601‚ which was held in England. This act is extremely important because it was the first piece of legislation that helped people with disabilities. I believe that this act is meaningful because back then people with disabilities were
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Wheat production and scarcity Economic is a social science which focuses on human behaviors and deals with scarcity. So economist study scarce resources to satisfy unlimited human wants‚ and this definition is deals with two things 1- The scarce resources 2- Unlimited human wants Scarcity is the central of economic problem and the scarcity means the available resources are not sufficient to produce all goods and services that are wanted A society’s resources include natural endowments
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SOLAR ENERGY PRODUCTION IN INDIA Coming specifically to the land of much sun‚ heat and humidity as well as persistent power shortages‚ overdependence on coal (52%) and huge oil and gas imports‚ solar energy production in India remains appallingly low. This is made evident by the minimal range of solar energy products in India. Solar lighting (solar lamps‚ street lights)‚ rural electrification‚ solar water heaters‚ solar cookers and PV pumps sum up the measly range of solar energy products
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APPLE PRODUCTION IN INDIA 1. Production and Area: About 99 percent of India’s apple area falls under the North Western Hills region covering: - 6 districts of Jammu and Kashmir (J&K): Srinagar‚ Budgam‚ Pulwama‚ Anantanag‚ Baramullah‚ Kupwara‚ - 6 districts of Himachal Pradesh (H.P.): Shimla‚ Kullu‚ Sirmour‚ Mandi‚ Chamba‚ Kinnaur ‚ - 8 districts of Uttar Pradesh( U.P.): Almora‚ Nainital‚ Pithauragarh‚ Tehri‚ Pauri‚ Chamoli‚ Uttarkashi‚ Dehradun. In the North-eastern Hills region
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Introduction In the film‚ What Poor Child Is This? Poverty and America’s Children published by Films Media Group the audience learns the horrifying reality of just how many of American children are considered poor. In America‚ which is considered one of the world’s most wealthy countries‚ there are 12 million children who are considered poor. This film also depicted just how ignorant most Americans are about child poverty. Only five percent of Americans consider poverty to be a problem. Most people
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words are somehow closely related if you think about the celebrities who are famous and rich at the same time‚ there are some others who only have high recognition but not rich‚ such as Mother Teresa who devoted her whole life doing charity for the poor. Therefore‚ the topic that I am really interested in is about whether to be rich or to be famous is the key word for success. Being famous does not necessary mean bring rich‚ and vice-versa. Both generally bring satisfaction if brought to one in
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