Managerial Economics

Running head : MANAGERIAL ECONOMICSManagerial Economics[Author][University]Managerial EconomicsChapter 8 , react 2Energy force is different from frugal cleverness since the former caters for the a abandoned activity whereas , economic efficiency concerns in give awaying the concluding practicable costs in producing a unit of an outputBased on the assumption scenario , the vigour efficient automobile will only be considered frugally efficient if the production of the said automobiles attain the lowest possible costs in producing a unit of the cipher efficient automobileThe society cannot just ignore the concept of economic efficiency due to the fact that we are bound with increase the profits out of the production of the said automobile oddly for the case of the producers . If the economy would only consider only the energy efficiency , then , there is a great initiative that producers might not attain the maximum profit that they could find oneself from their ope dimensionnChapter 8 , Answer 3Based on the production theory , the basal idea behind the down turn in the productiveness directs of their workers alongside with their expansion is due to the fact that Canadian dissimulation Design already r all(prenominal)ed the optimal level of workers for their caller-up considering their surface (Levine , 1996 . This means that any additional workers would surely have less(prenominal) productivity after reaching the optimal level of crook of workers This can be shown based on bell number of the production curveIt would be helpful if the company would utilize the otiose number of workers by extending the operation hours of the company .

By this , the company would have another avenue to increase their production level and hire more workers if the excess workers are not commensurate enough to have an extended operating hourChapter 8 , Answer 5Based on the case provided , it is clear that the manager was able to play down the amount of scrap wastes on their operation from 10 ,000 to 7 ,000 . The 3 ,000 margin would be enough to say that the pull through of the manager can already be considered as an economical one since the said amount is very hard to attain given the premise that the company must maintain their menstruum level of production at the same time change magnitude the scrap wastes produced in the production processChapter 9 , Answer 1Since roughly of the headache transaction nowadays relies most in the efficiency of the data processors , the said studies of Computer Manufacturers Association of America holds stating that the usage of computers has increase for the last two decades . Since computers needs programmers or operators in for it to coif its function , the increase in the number of demand for computers should look to for the raise in the demand for the laborers . In short , computer and labor demand are positively related to each other . With this , there is enough reason to say that the computer-labor ratio has risenGiven the down trend prices of computers in the market , it is expected that business offices would now be more...If you want to get a in effect(p) essay, order it on our website: Ordercustompaper.com

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