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Explain shortage of labour effects the production of palm oil
Economics
(20%) A production operation is making 150 units of a product by engaging five
workers for 300 hours. However, 40 percent of the units appear to have various quality
problems, and the company decides to sell them as seconds at a price of £50 each
when a normal unit is sold for £150. To improve the situation, several initiatives are
proposed, including a scheme where, for every improvement, 50 percent will be given
to workers and the other 50 percent will be held by the company. This results in a
significant drop in defects as now only 10 units are faulty out of an output of 130 units. Determine the appropriate bonus per hour for the workers under the bonus
scheme if the cost per piece is £70 both before and after the scheme. (10%)
Each worker is paid for 300 hours of labour
Amount workers receive from improvements
workers for 300 hours. However, 40 percent of the units appear to have various quality
problems, and the company decides to sell them as seconds at a price of £50 each
when a normal unit is sold for £150. To improve the situation, several initiatives are
proposed, including a scheme where, for every improvement, 50 percent will be given
to workers and the other 50 percent will be held by the company. This results in a
significant drop in defects as now only 10 units are faulty out of an output of 130 units. Determine the appropriate bonus per hour for the workers under the bonus
scheme if the cost per piece is £70 both before and after the scheme. (10%)
Each worker is paid for 300 hours of labour
Amount workers receive from improvements
graph of a firm operating under monopolistic competition with supernatural profits
1. Suppose that a seller decreases price for his good by 5 percent show how total revenue changes when elasticity of demand =0.5
2. Assume that good A and good B are related goods and QB=1691-400PB+6PA-6Y. Suppose that PB=0.1 dollar, PA=0.3 Dollar and Y(income)=10 dollar then compute.
A. Price elasticity of demand for good B
B. Income elasticity of demand for good
B and explain nature of the good
C. Cross price elasticity of demand for
good B and explain nature of the good
whether they are substitute,
complementary, or unrelated.
2. Assume that good A and good B are related goods and QB=1691-400PB+6PA-6Y. Suppose that PB=0.1 dollar, PA=0.3 Dollar and Y(income)=10 dollar then compute.
A. Price elasticity of demand for good B
B. Income elasticity of demand for good
B and explain nature of the good
C. Cross price elasticity of demand for
good B and explain nature of the good
whether they are substitute,
complementary, or unrelated.
If i took loan from a local bank in my country suddenly there is a decrease in inflation rate will i gain or lose money
How might the domestic transmission mechanism of monetary policy to inflation be weakened if long-term interest rates depend only on the balance between saving and investment at the global rather than domestic level?
If i took loan from a local bank in my country suddenly there is a decrease in inflation rate will i gain or lose money
Why there is contidiction between point elasticity and arc elasticity?
Assume that the real exchange rate is equal 4(US goods/CAN goods). Also, assume that P
US = 1 and P
C AN = 2
as well as that there are no transportation costs and all goods are tradable. Suppose that there is a
Canadian investor looking to invest C$1, 000 by buying goods in one market and selling them in
the other. What is the maximum profit the investor can make if she takes advantage of the arbitrage
opportunity (express profits in C$)?
US = 1 and P
C AN = 2
as well as that there are no transportation costs and all goods are tradable. Suppose that there is a
Canadian investor looking to invest C$1, 000 by buying goods in one market and selling them in
the other. What is the maximum profit the investor can make if she takes advantage of the arbitrage
opportunity (express profits in C$)?
explain how the partnership between proton and honda could reduce cost of production and how economies of scale could help proton to compete with its rivals in ters of pricing
