Answer to Question #16378 in Microeconomics for vijaya
Masterji’s shop is very popular and stocks all kinds of goods- from rice and wheat to processed food, imported chocolates and cheese. There is a small section which has a photocopying machine and a STD booth. Masterji runs the shop with the help of his children The family noticed that the number of shoppers varied between times and days
During weekdays, masterji could manage with his children, but not in week ends.
Masterji employed 3 assistants during week ends, but that did not solve the problem as the shop had a small floor area and only one billing machine
1.Can you explain masterji’s problem in terms of law of variable proportions?
2. Pl. suggest in detail how masterji can improve the functioning of the shop.
Unfortunately, your question requires a lot of work and cannot be done for free. Submit it with all requirements as an assignment to our control panel and we'll assist you.