Develop a Chase Strategy and a Level Strategy based on the
following information.
• The Level Strategy requires the use of a constant workforce
equal to the minimum requirement based on the expected demand
(Note: Any needed capacity can be fulfilled with overtime.)
• Chase strategy should use ‘hiring and firing’ actions to
balance the capacity.
Twenty-three workers worked during February. Illustrate and
explain which is the best plan.
March
April
May
June
Beginning Inventory
600
300
250
200
Demand...
First question) Define job production, batch production and mass
production, and briefly state the drawbacks for each of these
approaches to production.
Second question) Draw and label a graph to illustrate economies
of scale and show on your graph the relationship between economies
of scale and job production, batch production and mass
production.
· Question 16
For a monopolist, at each output level, marginal revenue is less
than the price because:
of the law of diminishing returns
monopolist produces a larger output than would purely
competitive firms
price should be lowered to increase sales quantity
· Question 17
In the long-run, a pure monopolist will make:
zero economic profit
only normal profit
decreasing economic profit
zero or positive economic profit
· Question 18
Which of the following is not necessarily true at the...
Read the statements issued by the PCAOB and SEC on May 16, 2005,
and briefly describe the apparent underlying cause(s) for the
auditors' failures in applying the concept of reasonable assurance.
Pay special attention to the portion of the PCAOB's policy
statement entitled "The Importance of Professional Judgment."
Briefly describe and quantify the level of debt of the company,
industry, country or region that you chose. You must use
statistical data and factual information to
address this question.
You must integrate at least two financial or economic
theories learned in class to explain how debt:
Positively impacts a company or industry through increased
profits possible because of leveraging, expansion because of
increased investment levels..., or a country or region through
increased loan term growth because of investment, additional...
a. Explain and describe the magnitude of the optimal production
level of an item that has a negative externality (for example:
pollution), if the company takes into account social costs. Compare
this level of production with the level of production which only
takes into account 'private costs' (private cost). b. What policy
can be done by the government to reduce the production of goods
that have negative externalities and encourage the production of
goods that have positive externalities? Explain.