Business, 03.12.2019 23:31, reearamrup27
Devra gartenstein, a restaurant owner, made the following observation about preparing food: "cooks become increasingly less productive as a kitchen becomes increasingly crowded." source: devra gartenstein, "law of diminishing marginal returns in restaurant operations," smallbusiness. chron.
what do economists call the problem she is describing? what are its implications for the marginal product of labor for cooks?
(a) diminishing marginal returns, where additional cooks produce less additional output.
(b) increasing marginal returns, where additional cooks produce additional output.
(c) fixed inputs, where additional cooks do not produce additional output.
(d) negative marginal returns, where additional cooks reduce the output produced.
do restaurant owners have a solution to this problem in the long run? briefly explain.
(a) yes, restaurant owners can solve this problem by adding more cooks.
(b) yes, restaurant owners can vary the size, or number, of kitchens.
(c) no, restaurant owners cannot solve this problem.
(d) yes, it is possible to solve this problem with economies of scale.
Answers: 3
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Business, 22.06.2019 09:40, Xavier8247
The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?
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Business, 22.06.2019 13:30, drippyc334
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
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