Answer:
D) or E) (are this the same?) 50 units of grain and 130 units of incense
Explanation:
Agland has an advantage producing Organic grain, and Zealand producing Incense, So:
If Agland specialices in producing organic grain it would produce with 20 workers 200 units of grain a year.
If Zealand specialices in producing Incense, it would produce with 10 workers 150 units of incense a year.
This gives a Total combined output of 200 units of grain and 150 unit of incense a year.
Given that the total current output of the two countries is 150 units of grain and 20 units of incense it would increase in 50 units of grain and 130 units of incense.
Answer:
B) search for solutions that are reasonable
Explanation:
When Emily solves her work problems by satisficing a large number of decisions, it means that she makes the decisions that are barely adequate to solve the issues. She doesn't take the time to make the best possible ones. Since she has a very tight work schedule, she doesn't have the time to search all the necessary information nor to search all the possible options. She doesn't have the time to analyze which alternative is best, she will take whatever option she finds first.
Answer:
c. 5
Explanation:
L Q MPL (ΔinQ/ΔinL) VMPL
4 52
5 60 8 80
6 66 6 60
7 70 4 40
8 72 2 20
Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL
A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.
I don't know what your interest rates are but 1.10(10% increasing) is more then 1.01(1% increasing). Does this help?
Answer:
The option is B. Project manager with input from systems analyst.
Explanation:
A project manager is an individual who has the overall responsibility for the successful initiation, planning, design, execution, monitoring, controlling and closure of a project.
The roles of a project manager include, but not limited to:
- Planning and Defining Scope
- Activity Planning and Sequencing
- Creating Charts and Schedules
However, Project Managers can not work alone, they will therefore work with experts and people who are skilled in their field. They will form a team that will report to the project manager, and work together to ensure the success of the project.
From the explanations above, we can conclude that the systems analyst will only provide input that will help the project manager in making decisions about the management of the project.
