Identify a disadvantage of piece rate plans. They do not provide extra recognition for producing above the minimum requirements. Productivity is not an important factor of such plans. They are not suitable if the company gives a high priority to the quantity produced by each worker. They are not appropriate if machines, rather than people, control production speed.

Q: Given the given cost function C(x) = 2200+ 270x + 1.4x² and the demand function p(x) = 810. Find the…

A: Given information: C = 2200 + 270x + 1.4x2  -----------> cost function P= 810 Where 'x' is the…

Q: Adriana Caselotti's company developed a new product ten years ago. Ever since, Adriana has managed…

A: Production cost describes the total expenses incurred by a firm in the process of creating goods or…

Q: If a firm is experiencing economies of scale, doubling inputs will: double output. more than double…

A: Economies of Scale: The economies of the scale refer to the gain that arises due to the increase in…

Q: A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It…

A: In this problem, we have the following variables:Annual demand (D) = 500,000 boxesStorage cost per…

Q: A firm has a linear demand function for it's product.When the price of the product is sh.20,the…

A: The price of product is given as 20 and the quantity demanded at that price is 40 units.The price…

Q: The Hartnett Corporation manufactures baseball bats with Pudge Rodriguez’s autograph stamped on…

A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…

Q: Research and development (R&D) is considered a Fixed cost; it does not vary with current output…

A: Fixed Cost remains fixed at all levels of output. Variable Cost varies with the increase or decrease…