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2 years ago

Tony's Pizza's production function is shown in the table below.

Business

1 answer:

Nastasia [14]2 years ago

7 0

A technological efficiency is achieved, when a given output achieves the maximum possible output.

<h3>Why the pizzeria is technologically efficient?</h3>

a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria technologically efficient? Why or why not?

The firm is not technologically efficient. The production function shows that with 2 ovens and 2 workers it is possible to produce 22 pizzas a day.

b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day in the short run? If yes, how?

Tony's Pizza technologically efficient. The production function shows that 18 pizzas is maximum output that 2 workers can produce with 1 oven. Tony can increase production to 22 pizzas per day in the short run by hiring more labor.

c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.

When the 4th worker is hired, the marginal product of labor is the change in output, 40 pizzas-33pizzas= 7 pizzas, divided by the change in the labor input, 1 worker. So, the marginal product of labor for the 4th worker is 7 pizzas per day.

Tony experiences diminishing marginal returns because the marginal product of labor diminishes as more workers are hired.

d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in the short run? In the long run? If yes, how?

If Tony uses Plant 3, he cannot increase production from 40 to 50 pizzas per day in the short run. The short-run production function for plant 3 shows that the maximum output that the firm can produce with this plant is 48 pizzas per day.

Learn more about pizzeria, refer to the link:

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The management of Kawneer North America is considering investing in a new facility and the following cash flows are expected to

Over [174]

Answer:

6.34 years

Explanation:

Year Cash outflow Cash inflow Net cash flow Cumulative cash flow

1 ($1,900,000) $95,000 ($1,805,000) ($1,805,000)

2 ($550,000) $205,000 ($345,000) ($2,150,000)

3 $360,000 $360,000 ($1,790,000)

4 $485,000 $485,000 ($1,305,000)

5 $510,000 $510,000 ($795,000)

7 $595,000 $595,000 $395,000

8 $305,000 $305,000 $700,000

9 $255,000 $255,000 $955,000

10 $250,000 $250,000 $1,205,000

Payback period = 6 + 200,000/ 595,000

Payback period = 6 + 0.3361345

Payback period = 6.336134

Payback period = 6.34 years

So, the payback period of this uneven cash flow is 6.34 years.

3 0

3 years ago

Compared to the other coaches, Doug seems to...

Brut [27]

There are different kinds of theories. Compared to the other coaches, Doug seems to resemble more characteristics of Theory Y.

<h3>What does Theory Y assumes?</h3>

Theory Y is known to state or talks about a positive aspect or view of human nature and it is known to also assumes that people are generally industrious, creative, etc. and they can handle responsibility and also be self-controlled in their jobs.

<h3 />

Theory Y managers are known to have the following qualities such as being optimistic, having positive opinion about other people, etc.

See full question below

Compared to the other coaches, Doug seems to resemble more ________ characteristics.

Multiple Choice

extrinsic

Theory Y

Theory X

evidence-based

contingent

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7 0

2 years ago

Greenfield, Inc. agrees to make lease payments of $220 at the end of each month for 48 months for the use of a machine. Assuming

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Answer:

The Present value of the lease payment is $ 6,713.28

Explanation:

Given as :

The payment amount at the end of every months = $ 220

The total months = 48 months , i.e 4 years

The rate of compounded yearly = 12 %

Let The present principal value = P

∵ $ 220 is the payment at the end of 48 months

∴ Total amount in 48 months = $ 220 × 48 = $ 10,560

Now , <u>from compounded method</u>

The Amount after 48 months = Present value × $(1+\frac{\textrm Rate}{100})^{\textrm Time}$

So , $ 10,560 = P × $(1+\frac{\textrm 12}{100})^{\textrm 4}$

Or, $ 10,560 = P × $(1.12)^{4}$

So , $ 10,560 = P × 1.573

∴ P = $\frac{10560}{1.573}$ = $ 6,713.28

Hence The Present value of the lease payment is $ 6,713.28 Answer

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3 years ago

A city with a 12/31 fiscal year-end requires that restaurants buy a license, renewable yearly. Proceeds of the license fees are

stiks02 [169]

Answer:

c) $210

Explanation:

Revenue is recognized in the year in which it is intended to finance an activity.

The Cash collected During 2014 relating to licences will be used to finance the salaries for the inspectors during 2014 and cash collected during 2014 = $210 (30+180)

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2 years ago

The Red Wolf Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during

Allushta [10]

Answer:

$1,600

Explanation:

Revenue is recognized as and when the <em>control</em> of a good or service is transferred to the customer.

Total Hours = 10 hours × 8 weeks

= 80 hours

Use the <em>rate of pay at the utility office</em> to determine the contribution revenue for Red Wolf Society

Revenue = 80 hours × $20 per hour

= $1,600

4 0

2 years ago