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4 years ago

Dax has been promoted to a first-line manager. Dax's new position will require him to spend a lot of time

Business

1 answer:

monitta4 years ago

5 0

Answer

This new position as a first line manager will require him to operate his departments. This role requires him to assign tasks, manage the work flow, monitor the quality of work, solve the employees problems and keep informing the middle and executive managers on challenges and success on the ground level of the company.

Explanations

First-line managers provide firsthand information on true challenges and can offer better and workable solutions. This is because they have the immediate view of the outcomes of the policies, strategies, marketing approaches and production capabilities of the company. They have the ear of upper managers, where they will offer solutions that can improve the processes in the company and the procedures. In addition to that, first-line managers are expected by the work-group employees to protect them from policies and initiatives which are unreasonable.

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You are employed by an automaker specializing in electric cars. as a production line supervisor your technical management skills

mylen [45]

Answer:

Understanding electricity storage in batteries.

How does battery energy storage work?

A battery energy storage system (BESS) is an electrochemical device that charges (or collects energy) from the grid or a power plant and then discharges that energy at a later time to provide electricity or other grid services when needed.

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A battery storage system can be charged by electricity generated from renewable energy, like wind and solar power.
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2 years ago

An article in the New York Times about J.C. Penney's pricing strategy under former CEO Ron Johnson observes: "Penney had pull

kap26 [50]

Answer:

B. relating an unknown value or price to another similar known value or price.

Explanation:

Anchoring is the term used to describe a phenomenon where individuals after being exposed to a particular figure (in this case a price) tend to subsequently use that figure as a reference point.

Thereby fixing of future prices will be biased towards this figure.

In this instance an anchor was in place and kept the customers loyal. But when Penney pulled up the anchor, many of the ccustomerswent away.

5 0

3 years ago

Suppose a firm uses labor and capital to produce output. The last unit of labor hired has a marginal product of 12 units of outp

Marta_Voda [28]

Answer:

$10

Explanation:

The marginal rate of technical substitution (MRTS) is an economic theory that illustrates the rate at which one factor must decrease so that the same level of productivity can be maintained when another factor is increased.

DATA

Marginal Product Labor (MPL)= 12

Marginal Product Capital (MPk) = 20

Price of labor = w = 6

Price of capital = r

Solution

Marginal rate of technical substitution = MPL/MPk

Marginal rate of technical substitution = 12/20

Marginal rate of technical substitution = 3/5

At optimal choice MRTS = PL/Pk

MRTS = w/r

3/5 = 6/r

3r = 30

r = 30/3

r = 10

7 0

3 years ago

Suppose there are three stores in a shopping center that would benefit from security lights in the parking lot according to the

Kryger [21]

Answer:

Public good is a good which is non-rival and non-exclude able in nature. For example water, sun-rays, lighthouses, streetlights etc

It is non-rival in the sense that the consumption of the good by one does not decrease the consumption of other people in the society.

It is non-exclude, which means that nobody can be excluded from the use of the good or the service It is difficult to exclude them

Externality occurs when the action of an individual or a firm affects other individuals or firms in an economy in either a positive or a negative way.

The relevant benefits or costs (compensation of externality) are not reflected in the market prices

Externalities arise in case of public goods because of the problem of .free-rider. This means that the benefits of the good are reaped by some other party without paying for the good.

In this case, private firms fail to provide the good because people do not reveal their true preferences. Thus,market failure occurs in case of production of public goods because of the presence of positive or negative externalities

The government steps up to produce this good when market fails to produce it by

charging each persona price equivalent to their marginal willingness to pay for the good.

Marginal social cost (MSC) of a good is the minimum amount of money required to compensate the producers to make them produces an extra unit of that good and make it available for consumers.

It is the change in the total social cost of production due to the production of an additional unit of output

Marginal social benefit (MSB) of a good is the maximum amount of money that people need to give up to obtain an additional unit of the good

It is the extra benefit derived from the availability of an additional unit of the good It includes private benefits as wen as external benefits such as benefits of a positive externality.

Suppose few shops in the shopping center benefit from the security lights in the parking lot La this case, the benefits of the positive externality are reflected in the prices.

The demand functions, reflecting marginal willingness to pay of each store, are given as follows

$P_{A} = 50 - Q$

$P_{B} = 45 - 2Q$

$P_{C} = 30 - 2Q$

The market quantity is fixed in case of a public good. However, the price of the good needs to be calculated The price to be charged for a public good is the sum of marginal willingness to pay of each store at each quantity level (Q)

That is,

$P = P_{A} + P_{B} + P_{C}$

P = (50 - Q) + (45 - 2Q) + (30 - 2Q)

P = (50 + 45 + 30) - (Q + 2Q + 2Q)

P = 125 - 5Q

This is the marginal social benefit (demand) function for the public good

A firm equates its MSB with Sac to maximize the difference between total social benefit and total social cost The intersection of MSB and MSC curves gives the market equilibrium price and quantity.

MSC is $70 per security light.

MSB = MSC

125 - 5Q = 70

125 - 70 = 5Q

55/5 = Q

Q = 11

Thus, the socially efficient output quantity of lights is 11 security lights

6 0

4 years ago

Which of the following statements regarding special journals is not true? a. Special journals provide a specialized format for r

den301095 [7]

Answer:

The correct answer is

c. The balances in a special journal must always reconcile to the general ledger.

good luck

4 0

3 years ago