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Q1. What effect would each of the following have on the value of the firm?
(a) A new advertising campaign increases the sales of the firm substantially.
(b) A new competitor enters the market.
(c) The production department achieves a technological breakthrough that reduces Production costs.
(d) The firm is required to install pollution-control equipment.
(e) The workforce votes to unionize.
(f) The rate of interest rises.
(g) The rate of inflation changes
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- Which of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility. Select one: a. noneconomic b. economic c. public relations d. welfareWhich of the following factors will cause the demand curve for labor to shift to the right? (a) the demand for the product by labor declines. (b) the prices of substitute inputs fall. (c) the productivity of labor increases. (d) the wage rate declines. (e) None of the above.difference between managerial and market coordination
- Make essay/report for organizational behavior class. Explain and describe what is organizational behavior and why we need it; Explain implications of demographic and cultural diversity for organizational behavior; Explain the challenges of managing a multicultural workforce; Explain person–job fit and work behaviors ; explain person–organization fit and work behaviors. Describe the link between values and individual behavior ( Big five personality traits; meyers-briggs type idicator); Explain work attitudes that affect work behaviors. List the key set of behaviors that matter for organizational performance; Explain the role of motivation in determining employee performance. Explain how to increase the motivating potential of a job, understand why goals should be SMART; *** Include real-world examplesComplete the following table Labor Marginal Product Quantity Produced Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost Average Variable Cost (workers) (units) (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 1 0 $50 $0 2 10 $50 $20 3 25 $50 $40 4 45 $50 $60 5 60 $50 $80 6 70 $50 $100Explain the difference between intrinsic and extrinsic rewards . Discuss how they relate to a job you have held or are holding ,
- You are running a small business. At the beginning of the month you have $1000. At the end of the first week you have revenues of $2200 and expenses of $1000 for that week. In the second week your revenues are $2000 and your expenses are $700. In the third week your revenues are $2100 and your expenses are $1100. In the fourth week, your revenues are $2200 and your expenses are $3000 (they are higher as you need to pay the rent). You have a checking account earning 1% annually compounded weekly. a) How much money do you have at the end of the four weeks? b) What is the minimum balance of the account over those four weeks? Does it ever drop below $1000?.....Recruitment means .a . the process of employing new staff in an organization b . operation costs related to company employees C.the range of incentives paid to company employees d .all the aboveQUESTION THREE (i)Use the knowledge of economics to discuss factors to analyse factors that affect people’s’ decision to work.(ii) When is the firm operating in the short run and when does it operate in the long run? (iii) Discuss the factor(s) that determine how many workers the firm wishes to hire in the long run.
- Review and reflect on the major topics in this course that address the various aspects of the industry: 1. Demand and elasticity 2. Supply and market equilibrium 3. Economic efficiency 4. Pricing 5. Types of competition . Write a research paper based upon a current event. It can be from the list above or can be from a different aspect of managerial economics in actual current events that was discussed or researched in this course. Thoroughly research your topic or issue to identify trends, examine managerial economic principles and standards, make judgments, and prepare recommendations or solutions. Be sure to explore issues of diversity and ethics as related to your topic or issue.A firm finds the following relationship between workers’ productivity and the amount that workers lose if they are fired. Workers are paid $500 per week at other firms and all jobs last 50 weeks. Dollars lost by workers as a result of being fired Improvement in productivity because workers work harder to avoid losing their jobs (extra dollars to profit to firm) 1,250 1,750 1,750 2,750 2,000 3,500 2,500 4,500 3,250 4,750 If workers need to wait one week if they are fired, how much will this firm pay its workers? Construct a table to justify your answer. How many weeks of job search are needed so that this firm will pay its workers no more than they could get at other firms? What is the natural rate of unemployment in this labor market if all firms are in the same situation?A firm finds the following relationship between workers’ productivity and the amount that workers lose if they are fired. Workers are paid $500 per week at other firms and all jobs last 50 weeks. Dollars lost by workers as a result of being fired Improvement in productivity because workers work harder to avoid losing their jobs (extra dollars to profit to firm) 1,250 1,750 1,750 2,750 2,000 3,500 2,500 4,500 3,250 4,750 Dollars lost by workers Pain for workers lost if they do not have Improvement in productivity →B B-C= Profit Total: Loss of due to waiting Total Weekly amount (C) Total Weekly (b) Profit (b-c) 1,250 0 1250 1250/50=25 1,750 1,750/50=35 10 1,750 0 1750 1750/50=35 2,750 2,750/50=55 20 2,000 0 2000 2000/50=40 3,500 3,500/50=70 30 2,500 0 2500 3500/50=50 4,500 4,500/50=90 40 3,250 0 3250 32500/50= 65 4,750…