SOC 101 WEEK 2 ASSIGNMENT THEORIST OF CHOICE A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=soc-101-week-2-assignment-theorist-of-choice Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION SOC 101 WEEK 2 ASSIGNMENT THEORIST OF CHOICE, Karl Marx: Conflict Theory The most influential socialist thinker from the 19th century is Karl Marx. Karl Marx can be considered a great philosopher, social scientist, historian or revolutionary. Marx
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following two applied problems: Problem 1: William’s Pizza Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Which inputs are fixed and which are variable in the production function of William’s pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed? Ans.Cost of Ovens and the cost of workers is also fixed. Increasing: From workers 1
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factor of production is in fixed supply. The law of diminishing marginal returns is a law, which state that if one factor of production is increase while other factors are in a fixed number like capital, change in total output will first rise and then fall. This law can impact the marginal cost, which is the change in total costs from increasing output by one extra unit. The formula for MC is 'change in total cost divided by change in quantity’. Therefore if the variable unit of production is increased
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self-interested actions into the production of greatest welfare of the whole. 2. What happens if we leave self-interested people to seek their own advantage? Adam Smith argues the result, unintended by any one of them, will be the greater advantage of all. No government interference is necessary to protect the general welfare. 3. Does Karl Marx agree? No, leave people to their own self-interested devices, and those who by luck and inheritance own the means of production will rapidly reduce everyone
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product portfolio to include consumer electronics with focus on mobile technology. By entering the netbook market, AIC was able to design and manufacture a branded product in the mobile industry. The production manager and chief industrial engineer established an assembly line process for netbook production. Issues The issues that AIC is having are the current demand and the lack of enough employees. The current employees work 10 to 12 hour shifts which are not sustainable. The Chief Strategy Officer
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R/Q = 624000/35327 = 17.66 per year. Problem 6.8 Changeover time = 4hrs resulting in a fixed cost, S = 4 × 250 = $1,000. Annual demand, R = 1000/mo × 12 = 12,000 units / yr. Unit cost, C = 100 Holding cost = $25 / unit / yr. a) The optimal production batch size is b) To reduce batch size by a factor of 4, the setup cost needs o be reduced by a factor of (4)2 = 16. That is, S should reduce to 1000/16 = $62.5. This reduction can be achieved by reducing the changeover time or the cost per unit
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Case Study MG352 With lower interest rates, businesses are starting to increase the size of their operations. However, Oldaf Arts, Inc., an office furniture manufacturing company, has not only failed to participate in this boom but their sales have actually declined. John Odlaf , Jr., son of the founder, has finally been convinced by his executive management team to call in a consultant to review the organization and its operations and make recommendations as to how this sales slump might be
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In a short-run production function, total product, average product, and marginal product changes as total product and labor increases. The total product increases rapidly up to 6.666 units of labor. This means that marginal product is increasing over the range of production when one additional unit of labor is added. While total product is increasing between 6.666 units of labor and 14 units of labor marginal product is decreasing. When a total of 14 labor units are used, total product has then reached
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The Scotts Miracle-Gro Company (Scott) was the world’s leading dealer and marketer of consumer products for do-it-yourself lawn and garden care in addition to products for specializing in horticulture. Scotts started it spreader business according to “(Pearce & Robinson, 2011), with the introduction of drop spreaders and expand business in later years to develop broadcast spreaders. Scott’s Vision for the company future involved making the plant automated as possible and were headed in that direction
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performance of the current system that is in place. This will be the starting point for which the rest of the analysis and proposal will be based upon. This paper will cover the cost of production, economies of scale, and costs of materials, speed, and technology and will conduct a cost analysis for the current production. The purpose is to determine how to make the company more productive and competitive and enable positive work flow through realigning the design of the manufacturing processes. The company
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