Applied Problems Chapter 8 and 9

Applied Problems Chapter 8 and 9 - Managerial Economics 1...

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Managerial Economics 1 Managerial Economics Applied Problems Managerial Economics Applied Problems Chapter 8 Pgs. 316-17 2, 3, 5
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Managerial Economics 2 2.) At a management luncheon two managers are over heard arguing about the following: “A manager should never hire another worker if the new person causes diminishing returns”. Is this statement correct? If so why? If not explain why not If the current employee is causing the company’s returns to drop them a new employee should be placed into the business. A company wants someone that is an asset to the establishment and knows how to do his or her job. So this is why it would be in the best interest of the company to find someone new. The establishment may want to go over what has been done incorrectly and if the current employee is still struggling then yes a new employee would be the best move. 3.) Engineers at a national laboratory built a prototype automobile that that could be driven 180 miles on a single gallon of unleaded gasoline. They estimated that in a mass
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This note was uploaded on 08/30/2010 for the course MANAGEMENT 3467783 taught by Professor Langly during the Summer '10 term at University of Phoenix.

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Applied Problems Chapter 8 and 9 - Managerial Economics 1...

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