Answer:
Handpicking is more cost effective (at $12 per hour for 120 pounds).
Explanation:
Information given;
Handpicking yields 80 pounds per hour while
Mechanical pickers yield 120 pounds per hour
Wage rate of human pickers = $8 per hour
Mechanical picker rate = $15 per hour
For the human picker to pick 120 pounds,
Time required = 120/80
= 1.5 hours
If the human pickers are paid at $8 per hour
then wage to be paid in 1.5 hours = 1.5 × 8
= $12
From the above analysis, cost incurred on machine pickers for 120 pounds per hour is $15 while the cost incurred on human pickers is $12. Hence the human pickers are more cost effective.
Answer:
Option A is correct.
Explanation:
Though it might be seen initially that the CEO is not trying to increase the value of the shareholders wealth because the share price of the acquiring firm is falling down. This is half picture of the story. It is possible that this acquisition will bring value to the shareholders of the acquiring firm because the acquiring firm will add value to the firm acquired and the sales will grow drastically. As the story we are told is till interval so initially it is more relateable to principal agent problem. Principal agent problem is that agent (CEO) is not acting in the best interest (Wealth maximisation) of the principal (shareholders).
The CEO is not behaving unethically because there are doubts, CEO is pursuing profit maximization is totally wrong because we are not seeing short term profits and it is evident from the past that many parent companies added values to its subsiduaries.
Answer:
The government should increase the rate of inflation.
Explanation:
In adaptive expectations, agents shape their future expectations based on what has happened in the past. Thus, if the central bank intends to reduce unemployment, it should, for example, institute an active monetary policy. This is because, as the Phillps Curve shows, inflation variation and unemployment are inversely correlated, so decreasing unemployment requires increasing inflation.
Answer:
28.new technology
29.putting competitor's out of business.
30.supply goods and services in the product market
31.quantity demands decreases
32.toothpaste is a normal good.
34.a leftward shift of the demand curve.
Brook's Law is the statement that adding more people to a late project makes the project later.