A company produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an 8 hour shift.a.Calculate the labor productivity of the line.b.The manager at Riverside changed the layout and was able to increase production to 180 units per 8-hour shift. What is the new labor productivity per labor-hour?c.What is the percentage of productivity increase?The most complete answer will be marked as most useful. 1) Define the term principal-agent problem. What principal-agent problems exist in a market?

The most complete answer will be marked as most useful.

1) Define the term principal-agent problem. What principal-agent problems exist in a market? What principal-agent problems exist in a firm? What are possible solutions to principal-agent issues within the firm?

2)What is moral hazard? How does the firm deal with moral hazard in its relationships with suppliers or customers? How does the firm deal with moral hazard internally?

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