Which of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility. Select one: a. noneconomic b. economic c. public relations d. welfare
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Which of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility.
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- Managerial economics as tools for decision making. Discuss Explain the short-run and long-run equilibrium under perfect competition and monopoly market.Define marginal product of talent, with detail and exampleIn making managerial economic decisions, which of the following should an effective manager consider? a. the total explicit costs and revenue of the firm tb he total opportunity costs of production c. the total revenue of the firm only. d. accounting profit only
- A company hires you as an HR consultant to guide the company about its change process from bureaucratic to team-based organizational structure. What advice you will give to this company? a. Increase the centralization of decision making b. Increase the managerial levels and more supervision c. Design jobs with less autonomy d. Design jobs based on higher autonomy(MANAGERIAL ECONOMICS) Show algebraic solution please Assume that B = -Q 2 + 4,500Q and C= 2Q 2 are the benefits and costs of increasing the units of X-brand energy drink (in a 500 ml bottle). B. What is the profit-maximizing value of Q? Solve the problem using a tabular solution, showing the Profit, MB, MC and MNB values; assume Q varies by 50 units (in 500ml bottle). Highlight the profit maximizing level.Requirements: a. Compute for MP in each unit labor employed. b. Compute for AP in each unit labor employed. c. Graph the TP, MP and AP. d. The primary objective of a business is maximizing profit. If you are to decide, what alternatives would you propose in reaching the goal of the company? Justify your answer. Unit of Labor employed Total Physical Product (tons of wheat) Marginal Product (tons of wheat) Average Product (tons of wheat) TP MP AP 0 0 (1) (11) 1 3 (2) (12) 2 10 (3) (13) 3 24 (4) (14) 4 36 (5) (15) 5 40 (6) (16) 6 42 (7) (17) 7 42 (8) (18) 8 40 (9) (19) 9 36 (10) (20)
- Find 10 problems related to managerial cost and solve it.Explain what you take to be the strongest argument in defense of an employee’s right to participate in managerial decision making. Explain what you take to be the strongest argument against such a right.When hiring a new employee, a business has to pay certain expenses on this employee including wages and nonwage expenses. These extra costs are called: Marginal Revenue Marginal Revenue Product Marginal Labour Cost Marginal Productivity of Labour Marginal Cost
- 1.The hiring of labour with fixed factor of production under short run after sometimes leads toincrease in cost only. What’s your opinion at what stage of production producer should makeaddition in labour, identify which concept in economics explains the whole situation, justify youranswer why it happens with the help of table and diagramsExplain 5 employee attendance problems in an organizationQuestion 3 (a) Why does the labour demand curve slope downwards? (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.
