Ashford BUS 640 Week 4 Discussions 1 and 2

.8181819915771px;”=””>ProductivityAfter two quarters of increasing levels of production, the CEO of Canadian Fabrication & Design was upset to learn that, during this time of expansion, productivity of the newly hired sheet metal workers declined with each new worker hired. Believing that the new workers were either lazy or inefficiently supervised (or possibly both), the CEO instructed the shop foreman to “crack down” on the new workers to bring their productivity levels up. Explain carefully in terms of production theory why it might be that no amount of “cracking down” can increase worker productivity at CF&D.Provide an alternative to cracking down as a means of increasing the productivity of the sheet metal workers. Fully explain your alternative in terms of production theory.Master Card

Master
Card had a series of cute commercials that list a series of accounting items
and costs leading to a priceless product.
Cell phones are often advertised as being free. In economics, it is said that nothing of
value is either free or priceless, everything has a price. Take something from your experience, that is
allegedly free or priceless and use the concepts of accounting costs, economic
costs, explicit costs, implicit costs, opportunity costs and sunk costs to
explain why it is neither priceless nor free.