Assignment 2: Market Forms
For this assignment you will do a significant portion of work in MS Excel and import it into an MS Word document for submission. You will use the data below to address Price and Output decisions faced by firms that are not in pure competition. Some numbers may be rounded.
Table 1
Output
Average Fixed cost
Average Variable Cost
Average Total Cost
Marginal Cost
Price
Total Revenue
Marginal Revenue
0
$ 345.00
1
$ 180.00
$ 135.00
$ 315.00
$ 300.00
2
$ 90.00
$ 127.50
$ 217.50
$ 249.00
3
$ 60.00
$ 120.00
$ 180.00
$ 213.00
4
$ 45.00
$ 112.50
$ 157.50
$ 189.00
5
$ 36.00
$ 111.00
$ 147.00
$ 165.00
6
$ 30.00
$ 112.50
$ 142.50
$ 144.00
7
$ 25.71
$ 115.70
$ 141.41
$ 126.00
8
$ 22.50
$ 121.90
$ 144.40
$ 111.00
9
$ 20.00
$ 130.00
$ 150.00
$ 99.00
10
$ 18.00
$ 139.50
$ 157.50
$ 87.00
Address the following:
1. Complete Table-1. Summarize your calculations.
2. Prepare a graph showing:
· Average Fixed Costs
· Average Variable Costs
· Average Total Costs
· Marginal Revenue
· Marginal Costs
3. Using the data in the table and on your graph, explain the profit maximizing, orloss minimizing level of output.
4. Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.
5. Given the data in the table and the graph, what type of market structure could this be in the short run? Explain your answers.
6. If the data in Table-1 represents the long run, what type of firm must this data represent? Explain your answers.
Save your MS Word document using the filename LastnameFirstInitial_M4A2 and submit it to the M4: Assignment 2 Dropbox by Wednesday, December 2, 2015.
Quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited using APA style. Help with citing sources can be found through the Academic Resources page under Course Home.
Assignment 2 Grading Criteria
Maximum Points
Correctly answered all parts of Question 1 and completed Table-1
20
Correctly created a graph showing all required data from Question 2
12
Correctly answered all parts of Question 3, with accurate and complete explanations
12
Correctly answered all parts of Question 4, with accurate and complete explanations
12
Correctly answered all parts of Question 5, with accurate and complete explanations
12
Correctly answered all parts of Question 6, with accurate and explanations
12
Wrote in a clear and concise manner following APA standards, and demonstrated ethical scholarship in accurate representation of sources
20
Total:
100
SEE ATTACHMENT PAPER AT THE END!!!
Assignment 3: Using Leadership to Improve Ethical Performance
Due Week 9 and worth points 300
You can (and should) use headings and subheading throughout the paper to highlight you ...
Assignment 2 Market FormsFor this assignment you will do a sign.docx
1. Assignment 2: Market Forms
For this assignment you will do a significant portion of work in
MS Excel and import it into an MS Word document for
submission. You will use the data below to address Price and
Output decisions faced by firms that are not in pure
competition. Some numbers may be rounded.
Table 1
Output
Average Fixed cost
Average Variable Cost
Average Total Cost
Marginal Cost
Price
Total Revenue
Marginal Revenue
0
$ 345.00
1
$ 180.00
4. $ 139.50
$ 157.50
$ 87.00
Address the following:
1. Complete Table-1. Summarize your calculations.
2. Prepare a graph showing:
· Average Fixed Costs
· Average Variable Costs
· Average Total Costs
· Marginal Revenue
· Marginal Costs
3. Using the data in the table and on your graph, explain
the profit maximizing, orloss minimizing level of output.
4. Define a normal profit and an economic profit. Are normal
profits being earned in this example? Are economic profits
present for this firm in this example? Explain your answers.
5. Given the data in the table and the graph, what type of market
structure could this be in the short run? Explain your answers.
6. If the data in Table-1 represents the long run, what type of
firm must this data represent? Explain your answers.
Save your MS Word document using the
5. filename LastnameFirstInitial_M4A2 and submit it to the M4:
Assignment 2 Dropbox by Wednesday, December 2, 2015.
Quotations, paraphrases, and ideas you get from books, articles,
or other sources of information should be cited using APA style.
Help with citing sources can be found through the Academic
Resources page under Course Home.
Assignment 2 Grading Criteria
Maximum Points
Correctly answered all parts of Question 1 and completed
Table-1
20
Correctly created a graph showing all required data from
Question 2
12
Correctly answered all parts of Question 3, with accurate and
complete explanations
12
Correctly answered all parts of Question 4, with accurate and
complete explanations
12
Correctly answered all parts of Question 5, with accurate and
complete explanations
12
Correctly answered all parts of Question 6, with accurate and
explanations
12
Wrote in a clear and concise manner following APA standards,
and demonstrated ethical scholarship in accurate representation
of sources
20
Total:
100
6. SEE ATTACHMENT PAPER AT THE END!!!
Assignment 3: Using Leadership to Improve Ethical
Performance
Due Week 9 and worth points 300
You can (and should) use headings and subheading throughout
the paper to highlight your interviewee’s answers to your
questions. Do not make the headings and subheadings questions;
make them titles, that is, statements you are about to flesh out.
At this point, you should have identified the leader you would
like to interview. You should also have already contacted him /
her and have scheduled an interview time / date. If not, do it as
soon as possible. The intention of this assignment is to describe
leadership skills, ethics, and communication which impact
motivation and improve ethical performance.
Write a three to four (3-4) page paper in which you:
1. Create five to seven (5-7) questions to ask your chosen leader
to determine his / her views of motivation, ethical leadership
and performance. Then, conduct the interview based on your
selected questions.
HINT: The following are some examples of questions. Feel free
to select them from here. However, we urge you to revise your
Assignment 2 for some ideas of what you would like to know
from an experienced leader.
a. How would you define leadership?
b. As a leader, what do you do when people on your team aren’t
pulling their weight?
c. What is one of the greatest leadership challenges you have
ever faced? What did you do? What was the result?
d. How would you describe your communication style?
e. Describe a situation in which effective interpersonal
communication skills contributed to your success.
f. Describe your personal actions by which you convey to your
staff that ethics/ethical behavior is a high priority with you and
that you also expect it to be a high priority with your staff.
g. Related to the previous question, describe how your personal
actions (demonstrating ethics is a priority) have impacted your
7. staff and/or colleagues.
h. Describe a situation where you recognized a need to
communicate clear expectations for ethical practice. How did
you recognize that expectations had to be clarified? What did
you do or say to clarify the expectations?
2. Analyze the leadership, motivation, and ethical values of the
leader interviewed and assess its impact in the ethical
performance of the organization.
HINT: You should summarize the answers that you gathered in
your interview. Thereafter, you should compare and contrast his
/ her point of view about leadership with your own perception
of it.
3. Use at least two (2) quality academic resources you have
located using the School Library resources / data bases in this
assignment. Note: Wikipedia does not qualify as an academic
resource, and neither do web-based blogs.
4. Format your assignment according to the following
formatting requirements:
a. Typed, double spaced, using Times New Roman font (size
12), with one-inch margins on all sides.
b. Include a cover page containing the title of the assignment,
the student’s name, the professor’s name, the course title, and
the date. The cover page is not included in the required page
length.
c. Include a reference page. Citations and references must
follow APA format. The reference page is not included in the
required page length.
The specific course learning outcomes associated with this
assignment are:
· Explain the variety of motivational theories and job design
considerations.
· Explain the variety of leadership theories and roles.
· Evaluate ways organizational culture can be managed and
promote ethics in an organization.
· Use technology and information resources to research issues in
leadership and organizational behavior.
8. · Write clearly and concisely about leadership and
organizational behavior using proper writing mechanics.
Please follow this Grading Rubric for this Assignment
1. Create five to seven (5-7) questions to ask your chosen leader
to determine his / her views of motivation, ethical leadership
and performance. Then, conduct the interview based on your
selected questions.
Weight: 15%
2. Analyze the leadership, motivation, and ethical values of the
leader interviewed and assess its impact in the ethical
performance of the organization.
Weight: 60%
3. 2 or 3 references using current journals or articles resources.
Weight: 10%
4. Clarity, writing mechanics, and formatting requirements.
Weight: 15%
PAPER ATTACH
It is a common understanding that every organization that seeks
to be successful in the highly competitive global marketplace
has no choice but to invest in its employees. Therefore, this is
based on the understanding that the overall organizational goals
cannot be informed or accomplished if the workforce does not
meet the expected performance standards. For these
performance standards to be streamlined by the organizational
goals, employees have to be properly motivated. In making sure
the employees are properly motivated, the organizational
management has to find strategic approaches to make sure that
job satisfaction is maximized, and the employees are fully
engaged and committed to accomplish the goals mentioned
above. While different organizations have different
organizational needs, meaning that they differ in the strategies
they need to adopt for enhancing employee involvement, there
are general strategies that, properly tailored to meet these
9. specific needs, will surely accomplish improved employee
involvement and the overall improvement in performance.
One of the greatest factors that bring about motivation in an
organization is employee empowerment. Employees want to be
comfortable and satisfied with their jobs and roles. They do not
always want to be directed and controlled in order for them to
perform. Every employee needs to be able to make decisions
because he is capable of doing so. Many employees have ideas
on the various ways in which improvements in their key areas
can be made better, based on the fact that it is the employees
that have the firsthand experience of the problems and
challenges the organization faces (Mantle & Lichty, 2012).
Sometimes employees may have the best ideas solving these
problems, which will make their work easier and comfortable.
As a result, they will be ready to perform better and accomplish
the goals of the organization as well as their own. With this
understanding, every organization should establish ways to
implement employee empowerment as the first recommendation
for improving employee involvement.
Another important aspect of the improvement of employee
involvement is employee development, talent development, and
training. Of course, there are areas in which employees are not
capable of making decisions, possibly because they do not have
the academic background or professional training. Therefore,
this does not mean that the employees should be left in
positions in which they cannot make any decisions. Every
employee needs to be capable so that he/she can not only make
decisions but also perform in his/her role, which can be
accomplished through talent development and training. As such,
making it possible for employees to adopt positions of making
decisions motivates them to achieve their goals and to help the
organization to accomplish their goal to a higher extent, which
is another way to improve their involvement.
According to (Pink, 2011), employee development, talent
development, and training have been well explained with the
use of Maslow’s hierarchy of needs, which explains the human
10. motivation to meet personal needs. It is obvious that every
employee has personal and professional aspirations, which
every employer should be able to help employees also focus on
their success as professionals. For instance, helping employees
develop their careers by providing different opportunities in the
organizations through different approaches to talent
development further improves their involvement, which is why
employers should not only provide training and development but
should also let employees choose their development paths.
However, this is based on the understanding that different
employees have different levels of capabilities, strengths, and
weaknesses.
The last recommendation is on effective communication
between employees and their employers or the organizational
management. As has been mentioned above, different employees
have different levels of capabilities, strengths, and weaknesses.
Nevertheless, effective communication is the greatest tool to
create this understanding. Effective communication within the
organization is supposed to be fostered in different ways,
making sure that the most effective communication channels
and language are used with the employees. For instance, in most
organizations, managers are encouraged to use face-to-face
communication with their employees, which is better and much
more effective that newsletters, email, or even memos (Laroche
& Rutherford, 2012). In the modern world of business,
employees seek to develop positive social relationships with
their employees, especially considering that workplaces are
becoming increasingly diverse, which mean people are
becoming increasingly different. Fostering effective
communication, therefore, will help build positive relationships
between employees and managers and, as a result, help in the
improvement of employee involvement.
This analysis has identified three major approaches to the
improvement of employee involvement as a way of improving
the performance of employees and the organization at large.
However, make sure that employee empowerment becomes
11. integrated into the management practices of the organization;
there are various methods that can be present. One of the most
popular, which will be recommended, in this case, is the use of
employee reviews. Therefore, this would involve the use of
employee feedbacks on the improvements that should be made
in their divisions while at the same time making these
employees part of the implementation process. For instance,
one would engage an employee in selecting the best channels
for communicating with different types of clients and discuss
with him the problems with the current channels, owning to the
fact that he/she is the one that makes the direct communication
with the client.
This paper has also identified employee development, talent
development, and training as an additional approach to
improvement of employee involvement. In an effort to makes
sure that employees develop in the different areas they prefer,
there are various approaches in which this can be accomplished,
one of the most important being the involve of external training
and talent development experts, who will call the employees to
seminars, workshops, and professional conferences (Laroche &
Rutherford , 2012). They have the best tools for professional
training and even career counseling, after which employees will
be able to make personal choices on the areas in which they
would like to further their training and development. Finally,
effective communication workshops should be introduced in an
effort to hone employees’ communication and interpersonal
skills.
References
Laroche, L., & Rutherford, . (2012). Recruiting, Retaining, and
Promoting Culturally Different Employees. New York:
Routledge.
Mantle, M. W., & Lichty, . (2012). Managing the
Unmanageable: Rules, Tools, and Insights for Managing
Software People and Teams. Boston, MA: Addison-Wesley.
Pink, D. H. (2011). Drive: The Surprising Truth About What