Urban Economics Assignment 1

3- As we can see the company would loss 0.52 cent per 1 kg if it decides to sell at 6.85 price and allocates the fixed expenses at 1.20 per 1 kg.

e. Workers: the workers were given less money when the prices of the goods decreased.

Levitt explains about conventional wisdom. He also explains the similarities between a drug dealer gang and corporate America. This is a unconventional example that Levitt uses to explain the structure of corporations and businesses, with a low amount of high tier workers at the top of the pyramid making most of the money and also having hundreds of low tier workers below, even though these are the workers that are the main supporters of the structure to keep it from falling. Another essential part in this chapter is the different variables that add to wage assurance. Employments that have many people accessible to do them by and large pay lower, while occupations that require a particular ability not regularly found will pay higher. Clearly, occupations that are less attractive or even hazardous must pay higher, with a specific end goal to give workers enough motivation to stay in the position. At last, if there is popularity for a specific administration, occupations in that administration industry will have higher pay, since more buyers are seeking it

The book Travels of a T-Shirt in the Global Economy by Pietra Rivoli is about the journey of a plain cotton shirt internationally through the economy. This book consists of a plain, cheap t-shirt bought at Wal-Mart, is split into four important parts. The first part is about the source of the t-shirt: cotton. The second part is about the creation process the t-shirt goes through while being created in China. The third part is consists of explaining what happens after the t-shirt goes to the United States and faces the American protectionist policies. Lastly, the fourth essential part of this t-shirt is what happens to the shirt when it is finished in America (or other developed nations).

2.2 Explain how you prepare an environment that is conducive to the functioning of the group

c. Explain how the location of each curve graphed in question 7b would be altered if (1) total fixed cost had been $100

The book is broken down into four parts: “King Cotton”, “Made in China”, “Trouble at the Border” and “My T-shirt Finally Encounters a Free Market”. Each part explains a different step of the t-shirt process.

Often, when we think of a t-shirt, not much consideration goes past throwing it on and walking out the door. We discover in The Travels of a T-Shirt in the Global Economy, author Pietra Rivoli conveys the story of a t-shirt she purchased in Florida for just $5.99. Beginning with core element of the t-shirt, she describes the cotton boom in the United States and why we have reigned supreme as the leading cotton producer. She even meets with a Texan farmer who warms your heart from the very beginning of the chapter. Next, the cotton goes on to textile mills and factories, and Rivoli explains the history of the textile industry. With this lesson, she demonstrates how the textile industry boom was a

1.1 Describe 4 factors, 2 internal and 2 external, which impact on the employment relationship

The producers in the new T-shirt value chain do not operate in a free market system. Government protectionist measures such as subsidies, quotas, and tariffs have limited economic success to a fortunate few. According to the author Pietra Rivoli, “the winners at various stages of my T-shirt’s life are adept not so much at competing in markets but at avoiding them.” These winners include the U.S. cotton farmer and the China apparel industry. Their market dominance and profitability have benefitted significantly from the political prowess of their government to limit competition.

7. Which of the following must be true if a firm is experiencing economies of scale?

A. Stability: the firm should focus on incremental improvement of functional performance. The firm can also increase efficiency and reduce costs in order to counter the current economic slump they are in.

Each week there are 300 pounds of material 1; 400 pounds of material 2; and 200 hours of labor. The output of product A should not be more than one-half of the total number of units produced. Moreover, there is a standing order of 10 units of product C each week.

(b) that pay for work at time rates shall be the same for the same job.

b. I believe that the flight morale has increased as a whole since we have progressed into phase 2. We have begin to come together more on ideas as well as accepting roles for positions and duties in the flight room.