What part of the employment contract has Amazon been able to better specify as a result of algorithmic management, and what are the likely effects on employee’s employment rents? What are the pros and cons of Amazon’s use of algorithmic management? 100 words
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https://www.abc.net.au/news/2019-02-27/amazon-australia-warehouse-working-conditions/10807308?nw=0
What part of the employment contract has Amazon been able to better specify as a result of
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- Making dresses is a labor-intensive process. Indeed, the production function of a dressmaking firm is well described by the equation Q = L − L2∕800, where Q denotes the number of dresses per week and L is the number of labor hours per week. The firm’s additional cost of hiring an extra hour of labor is about $20 per hour (wage plus fringe benefits). The firm faces the fixed selling price, P = $40. Explain. Suppose, instead, that inflation is expected to increase the firm’s labor cost and output price by identical (percentage) amounts. What effect would this have on the firm’s output? A- Increase B- Decrease C- No EffectThe credit union is now considering adding a third teller (in the form of an M/M/3) with the goal of solving the following argument: arg min $15s + $11E[L,) E(2,3) Recall the term "arg min" or "argument of the minima" gives the solution s such that the function f (s) = $15s + $11E[L) attains its minimum value. Before solving this problem, what is the utilization p for s = 3? (Hint: remember that A and u were given in the opening scenario.) Oa 0.67 Ob. 0.4 Oc. 0.5 Od. 0.33 Considering s', what is the average time (minutes) spent in the system, E [W]? O a. 30.1 minutes Ob. 10.7 minutes Oc. 25.1 minutes Od. 13.7 minutesA breeder tells you he has determined for each 1-lb increase in weaning weight profit increases by $1.40 per pound. However, he has also calculated that for each independent 1-lb increase in birth weight, profit decreases $5.45 per pound. 1. What would be the economic index for this aggregate breeding value? 2. If the producer gave you the following table with calf birth weight and weaning weight, what would be the index value and rank for these animals? Calf id Weaning weight Birth weight Index value Rank 608 78 589 70 566 80 532 75 5. 556 76 618 87 7. 576 74 8. 610 88 9. 595 90 10 625 73 3 4 6
- Which of the following statements is false concerning partial derivatives? Consider the total cost function where Q is output level. TC-f(Q,r) O The first partial TC with respect to Q gives the instantaneous rate of change of the TC function with respect to output. The second partial of TC with respect to Q gives the instantaneous rate of change of the MC function with respect to output. The cross partial derivative of TC with respect to Q and then requals the cross partial of TC with respect to r and then Q. order of differentiation does not matter. To minimize this function, the first order conditions (FOC) are to set the first partials equal to zero and solve for Q and r. The second order partial derivatives give the slope of the original function, TC.(Problem 1, Page 437) A firm identifies the following relationship between the real wage it pays and the effort exerted by its workers: Real Wage 8 10 12 14 16 18 The marginal product of labor for this firm is MPN = E(100-N)/15 Effort 7 10 15 17 19 20 where E is the effort level and N is the number of workers employed. If the firm can pay only one of the six wage levels shown, which should it choose? How many workers will it employ? There are 200 workers in the town where the firm is located, all willing to work at a real wage of 8. Does this fact change your answer to the first part of this question? If so, how?P232,P5) Hey! Need help with the following macro question, thank you in advance! (chart attatched below) Suppose Die Cast Aluminum Co. is a subcontractor for the auto industry and makes specialized auto parts. There is a bracket it manufactures that it sells for $1.50. The following table shows the number of brackets that can be produced from a given number of labor hours. Assume that the company cannot hire labor for a fraction of an hour. Find the marginal product (in brackets), and the value of the marginal product (in dollars), of each hour of labor. If the wage paid to workers in Die Cast’s plant is $25 per hour, how many hours of labor should the firm employ? How many hours will be employed if the wage increases to $35 per hour? Explain. How many hours will be employed if the wage is $35 per hour, but the price of a bracket declines to $1?
- Need help ASAP, will give thumbs up: Consider an empirical wage equation of the form: log(W) = a + b(EDUC) + c(EXP) + d(EXPSQ) + u where the components are defined as: W = hourly wage rate log() is natural logarithmic function EDUC = completed years of school EXP = work experience EXPSQ = years of work experience squared (i.e. EXP times EXP) u = unobservable determinants of the hourly wage rate With data on the relevant variables for a sample of workers, the parameters a, b, c, and d can be estimated. QUESTION: What does human capital theory predict about the parameters of this wage equation? ANSWER CHOICES: b>0, c>0, d>0 b>0, c>0, d<0 b>0, c<0, d>0 b<0, c>0, d<0 b<0, c<0, d>0 AnswerAssume that you take a job with flexible hours, but initially your salary was based on a 40-hour week. Your salary begins at $15 an hour, or $30,000 per year. Assuming your salary rises, at what salary (hourly wage) would you begin to work fewer than 40 hours a week> Remember the job permits flexible hours Now if your rich uncle dies and leaves you $500,000 , would this alter the wage rate at which you cut your work hours? Would the wage rate change if you have children?Refer to the diagram to the right: Land is the other (fixed) factor of production. Currently the real wage is $15. Calculate the change in land rents due to a $5 increase in the real wage. A Land rents = $. (Enter your response rounded to the nearest dollar. Be sure to include the minus sign if necessary.) 60- 55- 50 45- 40- 35 30- 25- 20- 15- 10- 5- 0+ 0 Marginal product of labor, MPL 10 Real Wage Real Wage MPL 20 30 40 50 60 70 80 90 100 110 Labor, L
- Management at the Kerby Corporation has determined the following aggregated demand schedule (in units): Month 1 2 3 4 Demand 500 800 1000 1400 Month 5 6 7 8 Demand 2000 3000 2700 1500 Month 9 10 11 12 Demand 1400 1500 2000 1200 An employee can produce an average of 10 units per month.Each worker on the payroll costs $2,000 in regular-time wages per month. Undertime is paid at the same rate as regular time. In accordance with the labor contract in force, Kerby Corporation does not work overtime or use subcontracting. Kerby can hire and train a new employee for $2,000 and lay off one for $500. Inventory costs $32 per unit on hand at the end of each month. At present, 140 employees are on the payroll and anticipation inventory is zero.a. Prepare a production plan that only uses a level workforce and anticipation inventory as its supply options. Minimize the inventory left over at the end of the year. Layoffs, undertime, vacations, subcontracting, backorders,…Loessing Compan produced and sold 12,000 units last year with sales price of $45 per unit and unit variable cost of $20. Fixed costs totaled $250,000. In the coming year, Loessing expects price to decrease by ten percent. Neither unit variable cost nor fixed costs can be changed. If Loessing wants to maintain the same level of income, what will the new level of production need to be?a) What criteria determine whether a factor is considered fixed or variable? Faced with constantly changing conditions, why would a firm ever keep any factors fixed?