The human resource, accounting, and legal departments of Glorious Software, a company with locations in seven states plus Europe, are working together on developing a profit-sharing plan. Which option for communicating with employees about the plan would be the most practical and effective?
A) Call a meeting of all the employees to discuss the plan face-to-face. B) Set up a balanced scorecard to measure opinions about the plan. C) Ask employees not to engage in rumors. D) Post descriptions and videos on the company's intranet. E) Hold off on any communications until all employees can be brought together.
The long-run cost function for Jeremy's Jetski Rentals is: The long-run marginal cost function is If Jeremy can sell as many jetski rentals as he desires at $50, calculate his optimal output in the long run.
Jeremy's optimal output occurs where price is equal to marginal cost if he can earn at least a normal profit at that output level. If not, his optimal output would be zero. First, we set At this output level, Jeremy's average costs are: Since price exceeds Jeremy's Average costs, Jeremy will maximize profits by producing 10 units of output.