Among the sources of increase of productivity are Group of answer choices All of the above advances in managerial knowledge. government regulations. taxations.

Q: The idea that management was a set of consistent skills that could be learned and taught is…

A: Before the mid-1900s, there was no management hypothesis as we consider it today. Work occurred as…

Q: Average Labor Productivity (Y/L) 4.56 4.54 4.52 4.50 4.48 4.46 4.44 4.42 4.40 4.38 4.36 4.34 4.32…

A: Assumption: - As stated in the question, all the parts below have been solved for 2021 i.e. the next…

Q: Which of the following is important in making managerial decisions? PLEASE EXPLAIN   A. Analyzing…

A: In economics, managerial decision refers to the decisions that are after analyzing the given…

Q: Why does the marginal product of labour fall as more workers are hired? Motivate your answer.

A: A change in the output caused by using one additional unit of a specific input is known as a…

Q: Assuming labor is the only variable factor and paid at a constant wage rate ? show that the average…

A: The productivity metrics (TP, AP, and MP) and the cost measures have some significant correlations.…

Q: Ron Griffin, CIO at The Home Depot Inc., says the Atlanta- based home improvement retailer has…

A: Financial capital (FC) or equity are resources or funds that have monetary value and financial…

Q: Managerial economics as tools for decision making. Discuss

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Assignments 14.4(section 14-13) Consider the data from Assignment_14-2. The human resources…

A: The objective of the question is to determine the best candidate for a job based on several…

Q: All of the following are examples of common fixed costs except Multiple Choice sales commissions…

A: Fixed cost are that cost which is fixed in nature , which is not changing so we can find the answer…

Q: A profit maximizing firm produces output using capital, K, and labour, L, in the following…

A: Given: Production Function: Y = 2*K0.5*L0.5 The rental rate of capital is r=0.1   In order to use…

Q: XYZ Inc., an advertising company, has a horizontal structure with simple rules and procedures. It…

A: An organic structure is one that is characterized by a flat reporting structure. It can also be…

Q: Which of the following statements about a matrix structure is false ? 1. it is more easily managed…

A: A matrix structure is a type of organizational structure that comprises elements of both functional…

Q: Marginal profits can never be zero True/False

A: # The term marginal means additional And marginal profit means the extra profit earned with the sale…

Q: Determine whether each activity will increase a worker's human capital. Will increase human capital…

A: In economics, human capital refers to the abilities and capabilities of the human resource in the…

Q: The marginal product of labor is the additional:

A: Marginal product of labour is the change in output that results from employing an added unit of…

Q: Profit is the return to entrepreneurship. True False

A: Profit is the income earned after the deduction of total expenses from the total revenues of the…

Q: Which factor of production is almost never included in a firm's fixed costs? Land Labor Capital All…

A: Land, labor, and capital are considered factors of production.

Q: Select ALL advantages of individual franchising |Individual franchising allows the franchisor to…

A: Franchisee refers to the process adopted by the entrepreneur for the expansion and growth of the…

Q: Technological progress decreases the marginal product of labor if a new input is developed that is…

A: Marginal product of labor: It is the adjustment in yield that outcomes from utilizing an additional…

Q: Some types of technological changes reduce the cost of capital. Use the concepts of substitutability…

A: Some developments in technology increases efficiency that reduces cost of capital expenditure.

Q: Diminishing marginal returns occur when the marginal product of an additional worker is larger than…

A: In a market, marginal returns refer to the additional revenue or output obtained by the firm when…

Q: The term that describes the consisting of workers with a common set of skills who are joined…

A: In a marketplace, workers enter to get work according to their skills and qualification to earn…

Q: Word Bank Matching (Use the drop-down for each question. No words in the word bank are repeated in…

A: Explicit Cost: Explicit costs are tangible, measurable expenses incurred by a firm that involves…

Q: Explain who should handle the labor relation in concerned country. Is it the headquarters or…

A: The word "labor relations" refers to the process of making decisions in businesses that involve…

Q: Discuss the contributions of small business to our economy. Explain your answer

A: An economy is the set of different activities like production, trade, and consumption of goods and…

Q: The productivity of labor is defined as the    number of hours a worker spends at work.…

A: Productivity of labor or labor productivity shows the output produced per hour.  The higher…

Q: b. What is the per-worker production function, y = S(k)? y =

A: b.

Q: An increase in the price of capital will the demand for labor if the scale effect dominates. demand…

A: In the production process, labor and capital are two basic inputs to generate output. Some products…

Q: Innovations that has experienced technological regression.

A: Technological regression is said to be a situation where an individual or a society gets worse off…

Q: As defined by economists, the labor resource is the human capital input into the production process.…

A: factors of production are very important in the process of production and they are Labour , Capital,…

Q: Constant returns to scale (CRS) implies variable total factor productivity constant returns to…

A: At the marketplace, the term return to scale is used to make economic analysis of the production…

Q: As employment of labor increases, the marginal product of labor will eventually decrease because A)…

A: Production is the engine that drives an economy forward, with commodity and service pairing fuelling…

Q: Which factor is critical for leaders to consider when developing diverse teams?…

A: C) Creating an atmosphere that is welcoming to everybody as well as appreciating different points of…

Q: A worker's Marginal Product of Labor (MPL) depends on

A: The marginal product of labor measures the change in total output due to the change in labor by a…

Q: Use the firm's long-run cost-minimizing decision rule to explain the differences in the relative use…

A: The long-run cost-minimizing decision rule guides a firm in selecting the optimum mix of factor…

Q: 34. Mr. G had been working for a paper company as the Assistant Operation Officer headquartered in…

A: Culture is the set of social norms, customs, believes, and behavior available in human society.

Q: ropose potential entrepreneurial and visionary business solutions for manufacturing industry. Use…

A: A subfield of economics called managerial economics deals with the use of economic principles in…

Q: A worker's labor supply depends on, among other things, his ability, his preference for the task,…

A: Labor supply is defined as the willingness of workers to do the work at a minimum wage rate in the…

Q: “The legal sector has been among the fastest to race back to the office this year. Amid a rise in…

A: Corporate culture  Corporate culture stands for attitude and practices that determine how the…

Q: Resource specialization and division of labor cause the marginal product of labor to increase, but…

A: Resource specialization and division of labor are fundamental principles in economics and…

Q: Engineering economics is the integration of economic theory with business practice for the purpose…

A: The field of engineering economics bridges the gap between business and economics as it focuses on…

Q: A team is much more than a group of people brought together. What factors contribute to effective…

A: Yes, a team is a group of individuals who work together towards a common goal or set of goals. Teams…

Q: REVIEW AND PRACTICE EXERCISES #3.1. DRAM FACTORY. You own and operate a facility located in Taiwan…

A: We can estimate what is felt at a certain level of activity with the aid of a formula called the…