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)
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Research Database Assignment Form Type your answers to the following questions using complete sentences and correct grammar‚ spelling and syntax. Click “Save as” and save the file with your last name and assignment‚ e.g.‚”NR449_Research_Database_Smith” Submit to the Research Database basket in the Dropbox by 11:59 p.m. MT Sunday at the end of Week 5. The guidelines and grading rubric for this assignment may be found in Doc Sharing. Name: Nicole Felix Describe briefly your topic of interest (15
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1. What is the fundamental goal of business? Do all organizations share this goal?The fundamental goal of business is to earn a profit. Not all organizations share this goal because they are nonprofit organizations. 2. Name the forms a product may take and give some examples of each. The forms a product may take are tangible and intangible. Tangible goods are computers‚ clothing‚ automobiles‚ and food. Intangible goods are services or ideas made by people. 3. Who are the main participants of business
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but that a frustration process can occur in case of a regression to the previous step (level). Alderfer includes a psychological factor that Maslow hierarchy of need does not include. According to Alderfer‚ the need of growth can be blocked by the first two steps and create a frustration in case it could not be satisfied by the individual. 2. Goal setting is a powerful tool that managers can use to direct employee behavior. However under what conditions can goal setting lead to undesirable
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devotion to their religion. 2. How did Roman cult worship differ from most of today’s religions? A person’s behavior did not affect them after death. 3. What was the difference between a god and a spirit? The gods were publicly worshipped. 4. Who were the three most important Roman gods? The three most important Roman gods were Jupiter‚ Juno‚ and Minerva. 5. Explain the concept of “divine rule” and how this was used by the emperors. If a man is made god then no one can overpower him if people worship
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associating or differentiating the two. Some examples of this includes Pepsi and Coke‚ Tide and Sunlight‚ Palmolive and Dawn‚ Bounty and Scotts ‚ Charmin and Cottonelle. All of these examples use comparative advertising for example Pepsi and Coke often does taste tests to prove one or the other is a better tasting product. Bounty and Scott often compare their paper towels on commercials to prove one or the other is stronger‚ more absorbent and can clean up more of a mess. Some of these commercials compare
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Maximum Marks: 100 Attempt all the questions. All the questions are compulsory and carry equal marks. 1. 2. 3. 4. Section‐A Search through recent newspaper and magazines to find an inspiring story of an Entrepreneur. Prepare short note on Entrepreneur. Distinguish between creativity‚ innovation‚ and entrepreneurship. Is new business ‘idea’ essential for entrepreneurial success? Investigate a local business for sale. Try to estimate how much it would cost to set up a
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a group or supportive party of people. The commonly-known term is shortened from the historical "Shia-t-Ali‚" or "the Party of Ali." They are also known as followers of "Ahl-al-Bayt" or "People of the Household" (of the Prophet). From this initial question of political leadership‚ some aspects of spiritual life have been affected and now differ between the two groups of Muslims. Differences in beliefs Shia Muslims believe that the Imam is sinless by nature‚ and that his authority is infallible
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1) What does this guide define “sustainable development” to be? Sustainable development is the process of moving human activities to a pattern that can be sustained in perpetuity. It is an approach to environmental and development issues that seeks to reconcile human needs with the capacity of the planet to cope with the consequences of human activities. (The problem of recognising the need to live within constraints and to ensure more fairness in access to limited resources‚ lies at the heart
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the drug Accutuane is depression and suicide. This drug is only used to treat severe acne and not common acne. 15. What is a herpes zoster infection and what drugs are used to treat it? Herpes zoster infection or shingles occur from the reemergence of the same virus that first caused chickenpox in the patient. The virus remains dormant in the body until later in life‚ when stress or illness triggers it to emerge. The following drugs are used to treat this infection: acyclovir (Zovirax)‚ famciclovir
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