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Lapatulllka [165]
3 years ago
11

The manager of a national retailing outlet recently hired an economist to estimate the firm's production function. Based on the

economist's report, the manager now knows that the firm's production function is given by and that capital is fixed at 1 unit.a. Calculate the average product of labor when 9 units of labor are utilized. b. Calculate the marginal product of labor when 9 units of labor are utilized. c. Suppose the firm can hire labor at a wage of $10 per hour and output can be sold at a price of $100 per unit. Determine the profit-maximizing levels of labor and output. d. What is the maximum price of capital at which the firm will still make nonnegative profits
Business
1 answer:
Anvisha [2.4K]3 years ago
3 0

Answer:

nothing has it for everyone else to

Explanation:

nothing is that ok so go back to the

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In the sand-casting production line, the automated mold-making machine costs $120/hr and is tended by hourly personnel at a rate
anzhelika [568]

Answer:

Sand-Casting Production Line:

The total hourly cost to operate the line is:

= $2,339.

Explanation:

a) Data and Calculations:

Costs of automated mold-making machine per hour =                     $120

Cost of personnel tending the mold-making machine =                       45

Cost of mold-making machine =                                                           600

Average cost of mold sand per mold = $0.12 * 2,500 =                      300

Cost of energy to heat the molten metal for pouring = $0.06 * 164     10

Cost rate of the pouring line, including heating crucibles =                  33

Cost of three workers who operate the pouring line =                        60

Cost of buffer storage system used for cooling the castings =           40

Cost of break-away area workers =                                                      38

Cost of casting metal = $1.55/kg * 4.3 * 164 =                                  1,093

Total hourly cost to operate the line =                                          $2,339

7 0
3 years ago
Martin has 5 tickets to Cartoon Characters on Ice. They cost him $16.50 each, plus $2.50 in handling per ticket, and $12 in ship
Monica [59]

Answer:

$107

Explanation:

Total cost = Fixed cost + variable cost

(16.50 + $2.50 ) × 5= $95

$95 +$12 = $107

I hope my answer helps you

5 0
4 years ago
Consider a palletizer at a bottling plant that has a fi rst cost of $150,000, operating and maintenance costs of $17,500 per yea
pshichka [43]

Answer:

Annual equivalent cost of the investment = $30,603.43 per annum

Explanation:

<em>Equivalent Annual cost is the Present Value of the total cost over the investment period divided by the appropriate annuity factor.</em>

<em>Step 1 </em>

<em>PV of cash flows</em>

PV of first cost =  150,000

<em>PV of annual maintenance cost of $17,500</em>

= 17,500× (1-(1+0.08)^(-30))/0.08

= 197,011.21

<em>PV of salvage value</em>

$25,000 × (1+0.08)^(-30)

= 2,484.43

<em>PV of net total cost </em>

= 197,011.21  +150,000 - 2,484.43

=  344,526.78

Step 2

<em>Determine the annuity factor for 30 years at 8%</em>

(1-(1+0.08)^(-30))/0.08

=11.2577

Step 3

<em>Equivalent annual cost</em>

= 344,526.78 / 11.2577

<em> =$30,603.43</em>

Annual equivalent cost of the investment = $30,603.43 per annum

6 0
4 years ago
According to the Uniform Partnership Act, the three key elements of any general partnership are
Anon25 [30]

Answer:

(2) Common ownership, shared profits and losses, and right to participate in managing the operations.

Explanation:

Partnership refers to a mutual agreement between 2 or more individuals agreeing to carry out a business and to share it's profits and losses in an agreed ratio or as per the clauses in partnership deed.

Uniform partnership act regulates partnership agreements in majority of United States. The act also allows remaining partners after dissolution to continue the partnership if majority of them desire to do so.

Under the act, Partnership is characterized by common ownership of assets and liabilities by all partners, sharing of partnership profits and losses and equal rights to participate in managing the operations of the partnership.

4 0
4 years ago
Darg's team just had a research breakthrough. They'll need several thousands of dollars to complete the project. Darg has called
Tom [10]

Answer:

Idea champion

Explanation:

The reason is that the idea champion is the person who promotes creativity and change in the organization because he thinks that transformation is the root cause of success in the business environment. The idea champion is of the opinion that the companies that are reluctant to transform their operations, products, etc are more headed towards the risk of loss of reputation and brand recognition as it is today. So Idea champion promotes critical and creative thinking in the business environment which we can see in the given scenario that Drag is promoting transformational, critical analysis of the discovery and creative thinking of opting this change through raising questions and trying to answering the questions.

3 0
3 years ago
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