A firm has two workers, Paula and Carlos. Paula can counsel 11 clients per working day, or write 2 memos per working day. Carlos can counsel 5 clients per working day, or write 3 memos per working day. Carlos's opportunity cost of writing one memo is

How can organizational context influence the decisions made by organizational members?

You want to travel to Las Vegas to celebrate spring break and your "A" in your microeconomics class! You are trying to figure out if you should drive or fly. A round trip airline ticket from Riverside to Las Vegas costs $350 and flying there and back takes about 5 hours. Driving roundtrip to Las Vegas costs about $50 in gas and takes about 10 hours. Other things constant, what is the minimum amount of money that you would have to expect to make by gambling in Las Vegas to induce you as a rational individual to fly rather than drive? O $10 an hour $60 an hour O $70 an hour O $300 an hour

Sam quit his job and started his own business. He made a $100,000 salary at his old job. The company paid $10,000 a year for his family's health insurance premium and paid him $5,000 in profit sharing in the year. He owns some commercial property that he used to rent out and make $20,000 a year. Now he uses that property for his new business. With his new business, in his first year, he paid his production workers $125,000. He paid a salesperson $60,000 in commissions. His gas and utilities came to $12,000. He put in $50,000 of his own money that he could have made 2% a year in the bank. He also spent $14,000 in advertising and $20,000 for a business consultant. In his first year as a business owner, Sam made $300,000 in sales. 1. What are his explicit costs? Be sure to list out all of the explicit costs so that I can give partial credit if need be. 2. What are his implicit costs? Be sure to list out all of the explicit costs so that I can give partial credit if need be. 3. What is his…