The decision to continue competing in a market depends upon the answers to the following questions ?How much should we produce (A If a loss rather than a profit is incurred, will it be worthwhile to continue in this market in ?the long run, or shall we exit ?If we produce such an amount, how much profit will we earn © All of the above

The decision to continue competing in a market depends upon the answers to the following questions ?How much should we produce (A If a loss rather than a profit is incurred, will it be worthwhile to continue in this market in ?the long run, or shall we exit ?If we produce such an amount, how much profit will we earn © All of the above

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 1SQ

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QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)
Explain 5 employee attendance problems in an organization
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J 7 Though many MNCs espouse and follow rigid codes of social responsibility in their home countries they are often not as diligent with respect to ‘host’ or overseas countries. In 1984 the Bhopal disaster in Madhya Pradesh, India killed 3,787 and impacted a further 558,125 people. The corporation in question was Union Carbide, a majority USA owned company. Indian courts convicted the Chairman and other senior executives of “…causing death by negligence”. i) Why do you believe that Union Carbide had a less stringent policy in India with respect to negligence than they did in the USA? ii) What is the way to fix this situation? Explain whether it is legislation or cultural change from MNCs that is required
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Why does entry occur?
Should a firm shut down immediately if it is making losses?
Suppose for a single firm thatP = 15TC = 3Q + 2Q2 (a) What is the profit-maximizing quantity? (b) What is the profit at the profit-maximizing quantity? Only typed Answer
5. The Marginal Product of the first worker is _______ units of output 6. Diminishing Returns sets in when output is equal to_______.7. The TVC of 90 units of output is equal to ______dollars.8. The TC of 125 units of output is equal to ______dollars.9. If the market price of output is equal to $2, then this firm will realize a profitof _________ dollars.10. If the firm employs 3 workers, its TVC is equal to _________dollars. Plz solved all part I give u thumb
(b) A garment factory’s production function is provided in the table.The gross profit per unit (difference between selling price and material cost, but not including the cost of labour) is $100. # Workers Output 1 20 2 36 3 48 4 56 5 60 6 62 (i) If the wage rate is $1,000 a week, how many workers should the factory hire? (ii) If a surge in popularity for the factory’s brand allows them to raise the product price such that the gross profit rises to $150, how many workers will the factory hire now? (iii) Calculate the number of garments produced in each of the two cases above. I would like questions i,ii,iii answered please.
(b) A garment factory’s production function is provided in the table.The gross profit per unit (difference between selling price and material cost, but not including the cost of labour) is $100. # Workers Output 1 20 2 36 3 48 4 56 5 60 6 62 (i) If the wage rate is $1,000 a week, how many workers should the factory hire? (ii) If a surge in popularity for the factory’s brand allows them to raise the product price such that the gross profit rises to $150, how many workers will the factory hire now? (iii) Calculate the number of garments produced in each of the two cases abov