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please help me out. Part 1 Head to www.bls.gov and select MultifactorProductivity from the Subject drop-down menu. Scroll down and select the PDF version of
please help me out.
Part 1
Head towww.bls.govand selectMultifactorProductivityfrom the Subject drop-down menu. Scroll down and select the PDF version of the
- Multifactor productivity increases 0.9% in 2019, following the same increase in 2018
- Do your best to answer the following questions.
- What has been the general trend for multi-factor productivity in the U.S. over the past 15 years?
- What does this trend suggest has happened to production functions in the U.S.?
- Assuming this change in productivity has happened to all firms, how will this change in productivity affect cost curves?
Part 2 - Costs
Walmart: Competitive wonder or community nightmare?
One of the most successful firm in US retailing during the last decade is Walmart. Use the links below andanswer/addressthe following:
- Has Walmart's success fulfilled the virtues/characterization of competition often discussed (e.g., lots of firms, low prices, low entry barriers - see chapter 21)?
- Has there been an economic/social cost of Walmart's success?
- List the problems allegedly caused by Walmart for its employees, local communities, consumers, and the environment.
- Discuss the most serious charge against Walmart
- Discuss the most significant benefit Walmart offers
Find out what the critics contend at:http://www.walmartwatch.com/
Find out how Walmart responds at:http://www.walmartstores.com/
Feel free to use other sources as well.
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