Marci spends 15 hours researching and writing a 20-page report for her philosophy class. jack brags that he has a "streamlined process" for performing the researching and writing. jack takes just 8 hours to research and write the paper, but his report is only 15 pages long. a. the output the input is marci's productivity nothing. jack's productivity this is productivity. b. what are the limitations of using productivity measures to evaluate marci's and jack's performance?
a. the productivity measures increase proportionally to time needed for research.
b. the productivity measure should be greater than 1.
c. the quality of the work is not assessed.
d. time needed for the research is not given.

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?