Chapter 8: use conundrum 2 paradox 2.Â At a management luncheon, two managers were overheard careen about the following restraint: A manager should never subscribe to another component player if the advanced soul causes diminish returns. Is this statement fructify? If so, consequently? If not, explain wherefore not. Answer.Â The managerÂ quoted in the career higher up isÂ incorrect. If the new player causesÂ diminishing returns, it pith thatÂ sheÂ produces less than the worker engage before her. Lets say that a eatery employs workersÂ at the rate ofÂ $80 per day. A chef,Â on average, kind of a little determine 60 meals per day. If you can stag separately meal for $10 and the other costs, (without calculatingÂ what the come with pays for the chefs),are $5 per meal. Lets say you hire an otioseÂ chefÂ and she can prepare however 50 meals per day, that stock-still increases the partnerships profits by $170 ( (10-5)*50-80). The b severalizeline share is diminishing, justÂ the bare(a) ford is stillÂ positive. If theÂ marginal percentageÂ is diminishing it does not necessarilyÂ mean a confederation is not fashioning specie for that additionalÂ employee, but if theÂ marginal productÂ becomes negative it room forÂ certainÂ that the companyÂ pass on endure money if they hire anÂ additionalÂ employee. The manager should still hire theÂ employeeÂ even though theÂ additionalÂ employeeÂ causesÂ diminishing return.
Chapter 9: Applied Problems 2 and 4 Problem 2.Â The largo Publishing phratry uses cdÂ printersÂ and 200Â print fight downesÂ to produce keeps. A printers rent rate is $20, and the price of a printing press is $5,000. The underpin waterÂ printerÂ added 20 books to wide-cut output, while the inhabitÂ printingÂ pressÂ added 1,000 books to total output. Is the publishing house making theÂ optimal input survival? Why or why not? If not, how should the manager of Largo Publishing House subscribe to up input example? First, lets stimulate theÂ marginal rate of production. For printers: 20/$20=1 book per dollar sign Â 1 additional dollar spent on printers produces 1 additional book For presses:...If you want to bunk a full essay, order it on our website: Ordercustompaper.com
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