KAZIAN ANSWER SHEETS. MBA.EMBA.DMS.ARAVIND 9901366442
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evaluate the following statements using graphical analysis. Provide a brief narrative explanation of<br />
your graph to support your evaluation. Make sure the awes and curves in your graphs are properly<br />
labeled.<br />
A) “When demand for home heating oil increases, a shortage of heating oil will occur.”<br />
B) “A decrease in the supply of random access memory (RAM) chips for personal computers<br />
causes a shortage of RAM chips.”<br />
Using optimization theory, analyze the following quotations:<br />
a)“The optimal number of traffic deaths in the United States is zero.”<br />
b)“Any pollution is too much pollution.”<br />
c)“We cannot pull U.S. troops of Afghanistan. We have committed so much already.”<br />
d)“If Congress cuts out the NASA space station, we will have wasted all the resources that we have<br />
already spent on it. Therefore, we must continue funding it.”<br />
e)“Since Jet Green Airways has experienced a 25 percent increase in its insurance premium, the<br />
airline should increase the number passengers it serves next quarter order to spread the increase in<br />
premiums over a larger number of tickets.”<br />
Two partners who own progressive Business Solutions, which currently operates out of an office in a<br />
small town near Boston, just discovered a vacancy in an office building in downtown Boston. One of<br />
the partners favors moving downtown because she believes the additional business gained by moving<br />
downtown will exceed the higher rent at the downtown location plus the cost of making the move. The<br />
other partner at PBS opposes moving downtown. He argues, ‘we have already paid for office<br />
stationery, business cards, and a large sign that cannot be moved or sold. We have spent so much on<br />
our current office that we can’t afford to waste this money by moving now.” Evaluate the second<br />
partner’s advice not to move downtown.<br />
a) Given that Bill can consume only 167 grams of carbohydrates daily, how many cups of each<br />
food will he consume daily? Show your work.<br />
b) Suppose Bill’s doctor tells him to further reduce his carbohydrate intake to 126 grams per day.<br />
What combination will he consume?<br />
At a management luncheon, two managers were overheard arguing about the following stamen: “A<br />
manager should never hire another worker if the new person causes diminishing returns.” Is this<br />
statement correct? If so, why? If not, explain why not.<br />
Managerial Economics<br />
1.Which factors, according to you, are prompting organizations to adopt a package instead of<br />
traditional salary?<br />
2. Do you think package compensation is more suitable in modern globalised business? Can you draw<br />
some lessons from marginal productivity theory?<br />
3. Do you think that the case supports the efficiently wage theory or bargaining theory? Give<br />
arguments in support of your logic.<br />
4.Can similar type of strategy by adopted for remunerating other factors of production as well or not?