Chapter 5 Question 6 Page 218 Q = Dresses per week L= Number of labor hours per week Q = L –L2/800 MCL=$20 P= $40= therefore MR=$40 Part A: A firm maximizes profit when it equates MRPL = (MR) *(MPL) = MCL MPL= dQ/dL =1 – L/400 Therefore (40)*(1-L/400) = 20. The solution is L = 200. In turn‚ Q = 200 – (2002/800). The solution is Q = 150. The firms profit is= PQ – (MC)L= ($40) (150) – ($20) (200) = $2‚000 Part B Price increase to $50: Q = Dresses per week L= Number of labor hours
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Owner Five years ago Now 1 17% 10% 2 20 39 3 29 37 4 43 27 5 36 12 6 43 41 7 45 24 8 19 26 9 49 28 10 49 26 11 35% 32% 12 16 32 13 23 21 14 33 12 15 44 40 16 44 42 17 28 22 18 29 19 19 39 35 20 22 12 SOLUTION Before After 1 17 10 2 20 39 3 29 37 4 43 27 5 36 12 6 43 41 7 45 24 8 19 26 9 49 28 10 49 26
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The current state of the US macroeconomy is not as strong as it has been in the past. The cost of living is high‚ imports are high‚ and the overall economy is suffering. Businesses are suffering because it is cheaper to import goods than it is to produce them in the US. With this in effect‚ the GDP is suffering as well. Even with the tariffs and quotas that the government has put on these items coming into the country‚ it is still cheaper to purchase from overseas. The macroeconomy of the US is suffering
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ACME FIREWORKS Acme Fireworks Acme Fireworks businesses choices allow the business to grow or will it dictate the demise of the future of Acme Fireworks Company? Is there a choice to be unsuccessful or just what the rest of the business world already knows. This will be a collaboration of how and why different laws and decisions affect a business. The company is going to explore protecting itself‚ or going to make a poor legal decision that could either cost the company its business
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As stated in our text‚ there are various categories of e-commerce and these types are‚ Business -to-consumer‚ which is the electronic commerce involving retailing products and services to individual shoppers. BarnesandNoble.com‚ which sells books‚ software‚ and music to individual consumers‚ is an example of B2C e-commerce. Another category would be Business-to-business‚ which is the electronic commerce involving the sales of goods and services among businesses. ChemConnect’s Web site for buying
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The Impact of Workplace Bullying Mia A. Rapier BUS 600: Management Communication with Technology Tools Instructor Cheryl Moore July 20‚ 2014 Workplace bullying is behavior that is threatening‚ humiliating‚ or intimidating‚ it also involves work interference‚ or sabotage‚ which prevents work from getting done‚ and it can also include verbal abuse (WBI‚ 2014). With such far-reaching implications‚ workplace bullying can affect everything from morale and effective communication‚ to competency
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How has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations? Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits? What specific steps might governmental agencies or not-for-profits take to comply with the requirements of the Sarbanes-Oxley Bill? 1. Reporting for governmental agencies and not-for profits has become more detailed including management representations related to the
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Week Five Reflection Summary Cassie Kodie BIS/220 6/19/2012 John McGivney Developing the right programs for a company’s needs can become a major project. Going into weeks 4 and 5‚ I did not realize how much work and detail went into planning‚ developing and implementing a software program. There is a team structure with a project manager and the involvement of the company utilizing the program can be very involved to no say at all. I learned that a scope is a list of features desired in a
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Human Behavior: Negative and Positive Effects on the Environment Mona Karaki PSY/460 September 29‚ 2014 Brenda Gallagher Our environment is ever changing; some of these changes are brought bought by human behavior. The changes brought about by human behavior can be both positive and negative. Environmental cues can be explained as elements in the environment which send important information or trigger effective reactions out of individuals (Steg‚ 2013). In each environment there are cues
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FedEx Corporation Complete the following exercise (Research and Application 11-30) and submit to your instructor. The questions in this exercise are based on FedEx Corporation. To answer the questions you will need to download FedEx’s Form 10-K for the fiscal year ended May 31‚ 2005 (file date July 14‚ 2005). You do not need to print this document to answer the questions. Required: • What is FedEx’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy
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