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)
Premium Costs Marginal cost Economics
1. Given the description of the leadership situation facing the airplane crash survivors described in Chapter 1‚ how would leader-member exchange‚ the normative decision model‚ the situational leadership theory‚ the contingency model‚ and the path-goal theory prescribe that a leader should act? Leadership is said to be sudden when there is exchange of the three sections of the pioneer‚ supporter‚ and the situation illustrate. Leaders are required to act in a versatile path aside from the model of
Premium Management Leadership Fiedler contingency model
conditions would this be a true statement? When would it be false? The statement is generally true. Investments should be made that are consistent with the company’s strategy. Sometimes a deal comes along that is too good to pass up. In such a case‚ a company might depart from its strategic plan (or revise the plan to accommodate the investment) 2. A firm with an opportunity cost of capital of 15 percent faces two mutually exclusive investment projects: a. Acquire goods at the start of
Premium Variable cost Cost Costs
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
Premium Great Depression Weimar Republic Treaty of Versailles
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
Premium Pressure Ocean Atmospheric pressure
MediBuddy 1. Company Name And New Product Or Service Description MediBuddy is a device similar to the forehead thermometer sold by Braun‚ but is much more advanced. This device is swiped across the forehead similar to the thermometer‚ but takes more readings than just the temperature. Using advance technology‚ it reads things such as heart rate‚ blood pressure‚ and temperature. It uses these readings to determine if the “patient” needs to take an over-the-counter medication or if they should go to
Premium Cancer Patient Oncology
Treatment Goals: The following goals have been outlined to optimize James’ well being: 1. Maintain healthy physical‚ emotional‚ and verbal boundaries with others. Update 3.30.17: James has had difficulty in this treatment focus this reporting period. James assaulted his housemate and local law enforcement contacted‚ but did not result in an arrest of Mr. Knutsen. Since this incidents‚ James has been working on self regulation and skills on how to de-escalate in the moment‚ for example‚ taking
Premium Human sexual behavior Sexual intercourse Emotion
The aseptically inoculate nutrient broth tubes A and B did not have any microbes inoculated into the tubes so it should not have been cloudy and that was what was seen. Tube C should have been cloudy because it had E. coli inoculated into the nutrient broth and that was also seen. A simple streak was also performed and it looks has if the loop went over previous streaks which should not have been done. A complex streak was also done. No colonies grew towards the end of the streak‚ this could be due
Premium Bacteria Microbiology Escherichia coli
1 Body Mass Index Height: Weight: BMI: Alfred has a BMI of 25.9 which classifies him as Overweight and puts him at an elevated risk of developing health problems (1). It is recommended Alfred lose at least 3.4 kg (7.5 lbs). This weight loss will lower his BMI to 24.9‚ placing him in the Normal Weight category and reducing his risk of developing health problems (1). However‚ it is not recommended that Alfred lose more than 26 kg (57 lbs) as that places his BMI below 18.5 and puts him in the
Premium Nutrition
1. Work style and personality of Thomas Green – When it comes to his work in approaching clients for his ideas‚ he would prefer talking to his client directly or talk about things face to face. He doesn’t favor presentations and memos as a part of his work style. In addition‚ his lack of communication further weakened the situation between Davis and Green. Despite Green’s relationship with Davis as a subordinate‚ they were less connected with each other for their job progress and they didn’t communicate
Premium Vice President of the United States Employment Hierarchy