By emphasising productivity and efficiency, what have service output measures tended to ignore? Group of answer choices qualitative measures ratio of output-to-input quality of individual experiences quantitative measures the aggregate of experiences
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- MNLogs harvested logs (with no inputs from other companies) from their property in northern Minnesota. They sold these logs to MNLumber for $1,000 and MNLumber cut and planed the logs into lumber. MNLumber then sold the lumber for $2,500to MNFurniture. MNFurniture used the lumber to produce 100 tables that they sold to customers for $60 each.Instructions: Enter your responses as whole numbers.a. Complete the table below to calculate the value added by each firm. Company Revenues Cost of purchased inputs Value added MNLogs $ $ $ MNLumber $ $ $ MNFurniture $ $ $ b.Suppose that all of these transactions took place in 2016. By how much did GDP increase because of these transactions?$ c.Suppose that MNLogs harvested the logs in October 2016 and sold them to MNLumber in December 2016. MNLumber then sold the finished lumber to MNFurniture in April 2017 and MNFurniture sold all 100 tables during the rest of 2017. By how much did GDP increase in 2016 and 2017 because of…What does it mean that “ideally, utilization should be limited by demand and not setup or down time”? Would it happen in a push or pull system?Please see the question attached. This is an Individual Assignment. It consists of structured-response problems. This Assignmentmust be type-written in WORD and uploaded to the Dropbox as a WORD file. No hand-writtenassignments will be accepted.Answers ALL questions below, showing all working to support your answersRelevant Course Objectives:1. Apply the knowledge of functions to problems involving, supply, demand,production, revenue and cost.2. Identify the appropriate functions, equations and sequences which are to be usedin problem solving in the Social Sciences.3. Use solutions to linear, quadratic, exponential and logarithmic equations todetermine market equilibrium price and quantity.4. Solve problems involving rates of change and marginal change by the use ofderivatives5. Write a linear system of equations in matrix form as a simple way to representmultiple linear equations before solving them using a matrix approach.6. Find and classify extreme points of a function for the…
- The term for representing the cost of the shopping basket of goods and services of a typical South African households.The cost formula for a company can be modeled by C=1092+40x+0.1x2C=1092+40x+0.1x2 where xx represents the number of items made. A formula for the company's income is modeled with R=108x−0.9x2R=108x-0.9x2, where xx is the number of items sold. A company will break even when its costs equal its income. How many items must a company make and then sell to break even? Answer: (If there are multiple answers, separate the answers with a comma.)Which of the following is an example of economies of scope? A) A mountain resort begins running chairlifts for mountain bikers and hikers during the summer. The resort was initially built for skiing during the winter months. B) Some computer hardware manufacturers lower costs by outsourcing support services to call centers in India. C) Securicorp can provide security services to all local households at a lower average cost than if two firms provided home security. D) Walmart can transport goods and services at a lower cost than any of its retail competitors can.
- The operating budget of the Western Robotics Company was $300 million last year. If the operating budget this year is 12 percent less than last year, what is this year’s operating budget? Answer $_______ million.Consider an item that is ordered on a monthly basis. The daily demand for the item is200 and the lead-time for supply is 7 working days. A month consists of 25 workingdays. the cost of ordering is USD 100 per order and the cost ofcarrying inventory is USD 10 per unit per year of inventory.a. What will be the cost of the existing plan of ordering inventory?b. What will be the economic order quantity (EOQ)?c. What will be the new cost of the plan if the organization chose to order as perEOQ?What does the picture below mean?(interpret). Use what you learned in class about how important economics is to our daily lives as a guide for your answer. ps. kindly don't answer if its from another educational sites/pls don't plagiarized. answer must be made by tutors...(1-2 paragraph is enough, please lessen long explnation that doesn't make any sense or not related to the given question, pls answer direct to the point/question asked).
- Which of the ff statements are true about cost function a. It estimate the total cost of production given a specific budget b. It helps predict what the marginal cost would be to produce a product at different levels of output c. It allows management to evaluate how efficiently the production process was at the beginning of the operation period d. It helps manager understand the price behavior of the product A firm profit maximization point is where a. Total revenue Is greater than total cost b. Marginal revenue is equal to marginal cost c. Marginal revenue is greater than total cost d. Marginal cost is less than total costDefine economie of scale and mention three aspects with supporting examples that can help to attain economies of scale in transport?Upgrading an Organization’s ComputersYour organization earns $50 million in annual sales, has 500 employees, andplans to acquire 250 new mobile computers this year along with another 250next year. The goal is to issue every employee a company-owned computer,which they can use at work and at home. The computers will be loaded withantivirus software and productivity software to meet each employee’s business needs. Your organization has decided it will purchase the computersfrom the same manufacturer to obtain a quantity purchase discount. To theextent possible, the goal is to have the same hardware and software foreveryone to simplify the troubleshooting and support of the computers. Thechief financial officer has asked you to lead a project team to define users’computer hardware needs and recommend the most cost-effective solutionfor meeting those needs. Critical Thinking Questions1. Who else (role, department) and how many people would you select to bea member of the team? How would…