Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

problem1. The Largo Publishing House uses 400 printers and 200 printing presses to manufacture books. A printer’s wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is the publishing house making the optimal input choice? Why or why not? If not, how should the manager of Largo Publishing House adjust input usage?

problem2. The MorTex Company assembles garments entirely by hand even though at textilema- chine exists which can assemble garments faster than a human can. Workers cost $50 per day, and each additional labourer can produce 200 more units per day (that is, marginal product is constant and equal to 200). Installation of the first textile machine on the assembly line will raise output by 1,800 units daily. Currently the firm assembles 5,400 units per day.

i. The financial analysis department at MorTex estimates that the price of a textilema- chine is $600 per day. Can management reduce the cost of assembling 5,400 units per day by purchasing a textile machine and using less labour? Why or why not?

ii. The Textile Workers of America is planning to strike for higher wages. Management predicts which if the strike is successful, the cost of labour will rise to $100 per day. If the strike is successful, how would this influence the decision in part to purchase a textile machine? Elucidate

problem3. When McDonald’s Corp. reduced the price of its Big Mac by 75 percent if customers as well purchased French fries and a soft drink, The Wall Street Journal reported that the company was hoping the novel promotion would revive its U.S. sales growth. It didn’t. In two weeks sales had fallen. By using your knowledge of game theory, what do you think disrupted McDonald’s plans?

problem4. Illustrate and answers in economic terms a managerial decision you have knowledge about (for ex, the oil and Gas Industry).  Some exs of decisions are:

• Must a company hire temporary workers or hire new workers to handle increase demand for the company's product?
• Must a factory buy a new machine or upgrade the old one?
• What is the optimal level of parts one should order and keep on the shelf?
• Must one lease or buy a car?
• Must one rent or buy a house?
• What must one consider when starting a new business?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9938

Have any Question? 


Related Questions in Business Economics

Free trade and restricted trade - benefits and cost1-2

Free Trade and Restricted Trade - Benefits and Cost 1-2 paragraphs APA format/ no plagarism Using your own words, define both free and restricted trade. What do you feel are the benefits and the cost to having free trade ...

Assessment task in this assessment students are required to

ASSESSMENT TASK: In this assessment, students are required to demonstrate their ability to apply economic principles learnt in this subject to analysing real-world business operations and evaluate how their long-run busi ...

Assignmentmoral and ethical requirements should serve as

Assignment Moral and ethical requirements should serve as drivers which encourage a business to invest in or spend money on cybersecurity products, services, and programs. You have been invited to participate in a "light ...

Assignmentpart idirections please write a paper that is at

Assignment PART I Directions: Please write a paper that is at least two to three pages in length in which you address the questions below. Write your paper in APA format with at least one cited scholarly reference. Revie ...

Question 1 for the following situations calculate

Question 1 . For the following situations, calculate elasticity of demand and comment on the answer.                             When the price of commodity X was Rs. 12/-, 40 units it were demanded. When the price decre ...

Allocation and allotments please respond to the following1

"Allocation and Allotments" Please respond to the following: 1. From the first e-Activity, examine and evaluate the disparity of Georgia budget allocation for education and property tax to the various localities. Based o ...

Assignmentarticle reportplease select a marketing topic you

Assignment Article Report Please select a marketing topic you learned and then search in the Wall Street Journal (either online or hardcopy *) and select an article about that topic within the last 12 months. To do this, ...

Cite the sources used to answer this question provide the

Cite the source(s) used to answer this question. Provide the source(s) below your response and apply APA guidelines for references. 1) Class, is it possible for a business to show an accounting profit, but actually earn ...

In the united states as in most countries we value the

In the United States, as in most countries, we value the benefits of a free and competitive market. This suggests an interesting question: what if there were to be no Antitrust laws or other regulations on business activ ...

Assignmentyou must submit 2 files to this link once done as

Assignment You must submit 2 files to this link once done as follows: Part 1) An MS Excel spreadsheet (.xls or .xlsx no other file formats will be accepted) use the dataset spreadsheet provided for the assignment and inc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen