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Vlad1618 [11]
2 years ago
12

Jack emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet thei

r sales quotas. He is generally liked, but because sales are unstructured, sometimes his employees resent his rather heavy-handed approach. Fiedler's contingency model would classify Jack as ________ oriented.
Business
1 answer:
svet-max [94.6K]2 years ago
4 0

Answer:

Fiedler's contingency model would classify Jack as task structure oriented.

Explanation:

According to Fiedler's contingency model

Task Structure refers to the extent to which group tasks are clear and structured.

It can structured and unstructured

When task structure is unstructured or low, group tasks are vague. There is no clear solution or correct approach to complete the goal.

In contrast, when task structure is structured or high, the objective is clear. Employees have a clear idea about the how to approach and reach the company's goal

Jack' approach that emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet their sales quotas is categorized under task structure.

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There are two firms in an industry. The industry demand curve is given by p = 3,600 - 4q. Each firm has one manufacturing plant
Natasha_Volkova [10]

Answer:

Under this cartel arrangement, they will maximize joint profits if each of the firms produces 257.14 units and sells at $1,542.88 per unit.

Explanation:

p = 3,600 - 4q ..................................................... (1)

C(q_i) = q_i^2 ………………………………… (2)

MC_i = dC(q_i)/dq = 2q_i ……………………. (3)

Since q = q_1 + q_2, we have:

p = 3,600 - 4(q_1 + q_2)

p = 3,600 - 4q_1 - 4q_2 .................................... (4)

For Firm 1:

TR_1 = p * q_1 = (3,600 - 4q_1 - 4q_2)q_1

TR_1 = 3,600q_1 - 4q_1^2 - 4q_2q_1

MR_1 = dTR_1/dq_1 = 3,600 - 8q_1 - 4q_2

From equation (3), MC_1 = 2q_1

Since at the optimum MC_1 = MR_1, we have:

2q_1 = 3,600 - 8q_1 - 4q_2

10q_1 = 3,600 - 4q_2

q_1 = (3,600 - 4q_2)/10

q_1 = 360 - 0.4q_2 .......... (5)

For Firm 2:

TR_2 = p * q_2 = (3,600 - 4q_1 - 4q_2)q_2

TR_2 = 3,600q_2 - 4q_2q_1 - 4q_2^2

MR_2 = dTR_2/dq_2 = 3,600 - 4q_1 - 8q_2

From equation (3), MC_2 = 2q_2

Since at the optimum MC_2 = MR_2, we have:

2q_2 = 3,600 - 4q_1 - 8q_2

10q_2 = 3,600 - 4q_1

q_2 = (3,600 - 4q_1)/10

q_2 = 360 - 0.4q_1 .......... (6)

a. Calculation of Cournot equilibrium quantities

Substituting equation (6) for q_2 into equation (5), we have:

q_1 = 360 - 0.4(360 - 0.4q_1)

q_1 = 360 – 144 + 0.16q_1

q_1(1 – 0.16) = 216

q_1 = 216 / 0.84

q_1 = 257.14 <------------- Cournot equilibrium quantity for firm 1

Substitute for q_1 in equation (6), we have:

q_2 = 360 - 0.4(257.14)

q_2 = 360 – 102.86

q_2 = 257.14 <------------- Cournot equilibrium quantity for firm 2

b. Calculation of Cournot equilibrium price

Substitute for q_1 and q_2 into equation (4), we have:

p = 3,600 – 4(257.14) – 4(257.14)

p = 1,542.88

Therefore, under this cartel arrangement, they will maximize joint profits if each of the firm produces 25.14 and sells at $1,542.88 per unit.

8 0
2 years ago
Bento, Inc. had 500,000 shares of common stock outstanding before a stock split occurred, and 1,500,000 shares outstanding after
RoseWind [281]

Answer:

a) 3-for-1

Explanation:

No of shares before stock split = 500000

No of shares after stock split = 1500000

Ratio in which stock was split

= 1500000 / 500000

= 3/1

3-for-1 .

7 0
2 years ago
An ordinary annuity selling at $11,417.87 today promises to make equal payments at the end of each year for the next six years (
Sauron [17]

Answer:

Annual payment $5,833,333.3

Explanation:

he sooner the amount is received, the higher is the present value

Hence, annuity with greatest present value is:

An annuity that pays $1,000 at the beginning of each year

Value of annuity = Annual payment*Present value annuity factor

11,417.87 = Annual payment*PVAF(9.5%, 6 years)

11,417.87 = Annual Payment*4.4198

Annual payment = $2,583.35

Annual payment = 35,000,000/6 = $5,833,333.33

3 0
2 years ago
Beck was the general manager of Chilkoot Lumber Co. Haines sold fuel to the company. To persuade Haines to sell on credit, Beck
Gre4nikov [31]

Answer:

No

Explanation:

Beck was the general manager of company. By signing the company's document, actually company is liable to pay that amount not individual. The claim that Haines make is incorrect as any liability is supposed to be beared by company. The claim that Beck made is correct. because he wrote general manager which means he is an employee of that company. So, liability falls on company rather than individual.

5 0
2 years ago
A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal re
inessss [21]

Answer:

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.

A. $12.20.

Explanation:

For this monopolist, the marginal revenue is the incremental revenue which it generates from each additional unit of sales.  It can also be expressed as the rate at which total revenue changes from what it was before now.  In this case, the additional revenue that the monopolist will get from selling one additional unit is $12.20.  It is the additional revenue that the monopolist gets for the 16th item.

8 0
1 year ago
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