In the nested CES production function approach used in Borjas (2003) the elasticity of substition between labour of different education levels. A cannot differ between native and foreign workers B can differ between different experience levels C cannot differ between different experience levels D can differ between native and foreign workers
Q: Why is it so important to understand how a business process works when trying to develop a new infor...
A: Setting a new information system is desired at getting some modifications in the way the company wor...
Q: What is Top Management, Human Resources, Sales and Marketing, Finance and Accounting, and Logistics ...
A: The code of conduct policies of an organization includes its vision and is created in order to creat...
Q: Engineering Management Answer the question briefly What are the types of plans? and What are its c...
A: "Since you have asked multiple questions so we will solve the first question for you. If you want an...
Q: Informal communication
A: EFFECTIVE COMMUNICATION: This is a process of communication where the message to be communicated is ...
Q: Outline and discuss one strategic change management framework. (Please provide an example with frame...
A: Change management is a type of management in which an organization prepares itself for the upcoming ...
Q: corporate risk management is a zero-sum game
A: It is argued that corporate risk management is a zero-sum game in which the net transposition in the...
Q: 27. Includes who, what, where, and how a program is set up and run A. Program Pre planning B. Progra...
A: Since you have asked multiple question, we will solve the first question for you . If you ...
Q: Comment on how empowerment and Enablement can act as a facilitator that Organisations can utilize to...
A: Empowerment Employee empowerment refers to the concept of believing in your employees and providing ...
Q: Draw a balance score card ? Develop a series of metrics based on Financial Performance
A: [Hi! Thanks for the question. As per our Bartleby guideline, we are supposed to answer only ONE ques...
Q: Where do these competences fit into the Value Chain?
A: Every firm develops the competitive advantage through a series of activities which is separated from...
Q: Brunt Hotels, PLC, owns more than 60 hotels throughout the United Kingdom. They recently acquired a ...
A: Case Summary: Company B recently acquired a hotel chain headquartered in city F. The management of t...
Q: Sandeep purchased a water filter from an authorized distributor of one of the known water filter man...
A: Case Summary: Individual S purchased a water filter from an authorised distributor who is one of the...
Q: what are the things that the interviewee could have done to avoid being in awkward situation?
A: Awkward Situation: Awkward situations can pop up at any time, but fortunately, there are a few tried...
Q: What business tactic was used by IBM when they bought their components from Intel and Microsoft?
A: The business growth is the major concern for business for sustaining itself in the market. The strat...
Q: value-chain activities
A: The activities in the value chain help in procurement and resource management. The specific operatio...
Q: sustainaibilitiy of an organisation can be addressed at two levels , describe and explain .
A: In the organization, sustainability refers performing the business activities to sustain itself on t...
Q: Discuss two (2) issues of discrimination/harassment that can occur in the workplace. Upon identifyi...
A: Workplace discrimination or harassment : Harassment is a form of discrimination, where the employee...
Q: How can social issues impact how advertising has been perceived?
A: In order to analyze the societal environment we should keep in mind about all the social values of t...
Q: Why should enroll in Human Resource Management program?
A: Human Resource Management (HRM) refers to a strategic approach to managing the workforce in the orga...
Q: Discuss Hezberg's Two Factor theory. How the nature of Job motivates employees?
A: As per Hezberg's two factor theory which is also known as motivator-hygiene theory, there are some f...
Q: “The organising process should be flexible so that any change can be incorporated”. Comment on this ...
A: The organising process refers to the way or sequence of activities that help the organisation to ach...
Q: Case Study: Read and understand the case carefully and answer the given questions below. Ricardo Cor...
A: Partnerships are a formal agreement between two or more parties to operate a business jointly and sh...
Q: Assess the life of an organization in the absence of information technology and information systems
A: Information technology and Information systems nurture innovation in business. Innovation comes in t...
Q: 1. recruitment and selection for operation and technical staff, 2. Communication to staff on pending...
A: Since you've asked multiple questions, I'm providing first three question's answers for you(as per b...
Q: Risk Associated with Manufacturing, Trading and Service Concerns 1. Market Risk - Product Risk Co...
A: " Since you have posted a question with multiple questions , we will solve first question for you ....
Q: Why do employers resisit unionization?
A: A labor union can be defined as a organization which is formed by the workers of a specific company ...
Q: Entrepreneurs are able to identify opportunities even in adverse and difficult situations. To which ...
A: Entrepreneur:-An entrepreneur is someone who organizes, manages, and assumes the risk for a business...
Q: Which of the following is most controllable by company management? a. The environmental factors, par...
A: The management is the responsible persons in the organization to accomplish the goals, and objective...
Q: Write a few paragraphs discussing the usage of rhetorical devices as well as how rhetorical expressi...
A: Corporate Social Responsibility (CSR) is characterized as a setup of standards of social obligation,...
Q: What are the advantages of using employee referral programs to recruit salespeople? Can you identify...
A: Recruitment is the process of finding , screening , hiring and eventually onboarding qualified job c...
Q: What are the barriers to planning? What may be used as aids in planning? What is budget?
A: Management is a purposeful activity. It leads the group efforts towards the accomplishment of partic...
Q: Write down at least 6 similarities between Argentina and Bangladesh. (Hints: The similarities can be...
A: Bangladesh and Argentina have indicated an interest in developing the bilateral economic actions bet...
Q: With regards to the attached, analyse the process of risk tracking in relation to risk management.
A: Risks and uncertainties are faced by every business organization irrespective of its type and size. ...
Q: Discuss some of the Emerging Issues in HRM. Also explain the New Role and Directions in HRM NOTE...
A: Human resources management is a type of management which focuses on finding, recruiting and selectin...
Q: In your own words, explain what you understand by the following: Transformational leadership Transac...
A: Leadership plays an important role in guiding and supervising the behavior and conduct of individual...
Q: management styles
A: Management style is identified through the planning, organizing, decision-making of the manager and ...
Q: “Imagine you have a friend who is currently dissatisfied with her job. She feels that she puts a gre...
A: Employee motivation is about how drawn in an employee feels coupled with the association's objective...
Q: e references.
A: Q) Huawei's company culture and organizational behavior? ANS:- There are many reasons for the succes...
Q: companies to attain a competitive advantage? Explain
A: When performing operations, organizations rely on three economic resources: land, labor, and capital...
Q: Huawei's organizational behavior, work design, culture
A: Huaweiis one of the China's most successful global companies. It's technology is used in more 170 co...
Q: What does it mean by Customer-Focused Dimensions versus Integration Responsiveness, and Learning whe...
A: International trade is the business of capital, products, & services across global borders or en...
Q: Wesley was attending lecture on effective communication. After the speaker had spoken for about an h...
A: Here we are going to answer about gesture , the communication based answer . Let us see the answer h...
Q: We are now almost 2 years into the pandemic and it is quite clear that the role of HR has changed/ex...
A: Due to the increase in covid-19 cases around the world, the primary focus of the various government...
Q: Risk Management
A: Risk management is concerned with identifying issues that may be threatening and develop as a risk f...
Q: The Smith family communicates in a way that encourages obedience. They also do not highly value exch...
A: Concept Of Communication Pattern - The concept of Communication Pattern, can be elaborated as indica...
Q: Harris says to him that it will be taken seriously if he tries to be a barrier in implementing new s...
A: Bureaucratic environment- working in this kind of environment make difficult for other to surviv...
Q: 6. Can two different Jobs have the same JOB name? Answer:
A: We are authorized to answer one question at a time since you have not mentioned which question you a...
Q: DISCUSS: BUSINESS IS VERY BROAD AS IT TOUCHES VARIOUS DISCIPLINES. GIVE ATLEAST 5 DISCIPLINES THAT C...
A: The disciplines in the organisation May actually be more up to the point in today's organisation the...
Q: You are tasked with identifying and describing a business you want to recruit someone to. The Busine...
A: Medium size enterprises account for a significant growth and economic activity . The business that f...
Q: the BMW Group promotes a culture that sees strength in diversity and difference as a valued asset.” ...
A: Concept Of Diversity In An Organization - Diversity, in an organization, is a concept, that is used ...
In the nested CES production function approach used in Borjas (2003) the elasticity of substition between labour of different education levels.
A |
cannot differ between native and foreign workers |
|
B |
can differ between different experience levels |
|
C |
cannot differ between different experience levels |
|
D |
can differ between native and foreign workers |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose years of schooling, s, is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given bywm = 500 + 100sandwf = 300 + 75sOn average, men have 14 years of schooling and women have 12 years of schooling.a. What is the male-female wage differential in the labor market?b. Using the Oaxaca decomposition, calculate how much of this wage differential is due to discrimination?c. Can you think of an alternative Oaxaca decomposition that would lead to a different measure of discrimination? Which measure is better?The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…The manager of a live stock feed company faces a production function Q=2L^0.5 K^0.5 where K represents capital equipment and L is labour.Assume the company has spent $16,000 4 units of capital equipment it owns.If workers at the firm are paid a competitive wage of $100 per worker and Feed Can be sold for $200per unit . 1.what is your profit maximising level of output and labour usage 2.what is your maximum profit 3.Use the production function to get the profit function.
- 2. A machine part can be exhausted either from aluminum or steel. There is an order of 8,000 units.Steel costs 3.80Php/kg, while aluminum cost 8.70Php/kg. If steel is used, the steel per unit weighs110g and 30g for aluminum. In production, steel is 50 units/hr and 80units/hr with an aid of a toolcosting 640Php, which will be useless after the 8,000 units are finished. The cost of the machineoperator is 10.80Php/hr. if all other costs are identical, which material is more economical?a. Aluminum, by 1,264Php cost difference.b. Aluminum, by 1,653Php cost differencec. Steel, by 640Php cost difference.d. Steel, by 1,088Php cost difference.e. None of the aboveA company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the bottleneck method,…A company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the traditional…
- A company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the bottleneck method,…A company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Question: 1. Which Process…A company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the bottleneck method,…
- Mack’s guitar fabrication shop produces low-cost, highly durable guitars for beginners. Typically, out of the 100 guitars thatbegin production each month, only 80 percent are consideredgood enough to sell. The other 20 percent are scrapped due toquality problems that are identified after they have completedthe production process. Each guitar sells for $250. Becausesome of the production process is automated, each guitar onlyrequires 10 labor hours. Each employee works an average160 hours per month. Labor is paid at $10/hour, materials costis $40/guitar, and overhead is $4,000.a. Calculate the labor and multifactor productivity ratios.b. After some study, the operations manager Darren Funkrecommends three options to improve the company’smultifactor productivity: (1) increase the sales price by10 percent, (2) improve quality so that only 10 percentare defective, or (3) reduce labor, material, and overheadcosts by 10 percent. Which option has the greatest impacton the multifactor…WAI knows from historical records that approximately 40percent of its labor is used in Department 101 and 60 percentis used in Department 102. Th e reverse is true of machine time;60 percent is used in Department 101 and 40 percent is used inDepartment 102.(a) Calculate the labor and machine hours needed inDepartment 101 for each period of the MPS developed inProblem 4.(b) Calculate the labor and machine hours needed inDepartment 102 for each period of the MPS developed inProblem 4.The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both rquire a certain amount of wiring and drilling. Each air condtioner takes 3 hours of wiring and 2 hours of drilling. During the next production period, 240 hours of wiring time are available, and up to 140 hours of drilling time may be used. Each air conditioner sold yieds a profit of $25. Each fan assembled may be sold for a $15 profit. Formulate the best combination of air conditioners and fans that yiedls the highest profit. Use the corner point graphical approach.