Devra gartenstein, a restaurant owner, made the following observation about preparing food: "cooks become increasingly less productive as a kitchen becomes increasingly crowded." source: devra gartenstein, "law of diminishing marginal returns in restaurant operations," smallbusiness. chron.

what do economists call the problem she is describing? what are its implications for the marginal product of labor for cooks?
(a) diminishing marginal returns, where additional cooks produce less additional output.
(b) increasing marginal returns, where additional cooks produce additional output.
(c) fixed inputs, where additional cooks do not produce additional output.
(d) negative marginal returns, where additional cooks reduce the output produced.

do restaurant owners have a solution to this problem in the long run? briefly explain.
(a) yes, restaurant owners can solve this problem by adding more cooks.
(b) yes, restaurant owners can vary the size, or number, of kitchens.
(c) no, restaurant owners cannot solve this problem.
(d) yes, it is possible to solve this problem with economies of scale.

As the marginal propensity to consume (mpc) increases, the multiplier remains the same. increases. decreases. as the marginal propensity to save (mps) increases, the multiplier decreases. increases. remains the same. if the marginal propensity to consume is 0.30, what is the multiplier, assuming there are no taxes or imports? round to the tenths place. given the multiplier that you calculated, by how much will gross domestic product (gdp) increase when there is a $1,000 increase in government spending? $

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?