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Karo-lina-s [1.5K]
3 years ago
6

Hurry plz answer

Business
1 answer:
mojhsa [17]3 years ago
8 0
The answer is B. homework
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What is the production​ function? The production function is the relationship between A. the output produced by a firmthe output
arsen [322]

Answer: Option (D)

Explanation:

In discipline such as economics, production function tends to provide a technological relation in between the quantities of input, i.e. capital and labor and the quantities of the output, i.e. commodities and goods. This function is referred to as one of key concepts in the neoclassical theories that are used in order to define the marginal product and thus to distinguish the allocative/distribution efficiency.

3 0
3 years ago
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by on
serious [3.7K]

Answer:

a) Learning Costs Curve:

Quantity       Marginal           Total Cost ($)             Average Cost (Units)

                      Cost ($)                                                   ($/unit)

      1                $76                        $76                        $76

      2               $70                        $146                       $73

      3               $64                        $210                       $70

      4               $58                        $268                      $67

      5               $52                       $320                      $64

      6               $46                       $366                      $61

b) For a request for proposal for two units,  the break-even price for the two units is $146 ($73 per unit).

c) For two more units, the break-even price for them alone is $122 ($268 - $146).  Each unit's break-even price will be $61 ($122/2).

Explanation:

a) A break-even price is a price that is equal to the total cost.  At break-even, there is no profit and there is no loss.  The total cost equals total revenue.

b) The learning cost curve shows how the "marginal cost decreases as a result of an increase in production by one unit."  This curve can be illustrated graphically to show how the marginal and average costs reduce as a result of the increase in the quantity produced.

3 0
4 years ago
Preparing a Direct Materials Purchases Budget Patrick Inc. makes industrial solvents sold in 5-gallon drum containers. Planned p
user100 [1]

Explanation:

The computation of the ending inventory and the beginning inventory is shown below:

Ending inventory is as follows

December = 438,00 units × 5.5 gallons × 15% =

                 = 36,135 units

January =  41,000× 5.5 gallons × 15%

              = 33,825 units

February = 50,250 units × 5.5 gallons × 15%

               = 41,457 units

And, the beginning inventory for January is December ending inventory i.e 36,135 units

5 0
3 years ago
After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price.
OLga [1]

Answer:

C. Fear of regret.

Explanation:

In the given situation, the fear of regret should be chosen as the investor is afraid and she regret about her decision for selling the stock in the case when the price of the stock rises

Therefore as per the given situation, the option C is correct

And, the other options are incorrect

The same is to be considered

5 0
3 years ago
Question 9 Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be yo
11111nata11111 [884]

Answer:

1103.22%

Explanation:

The value of the investment at the end of the year assuming  250  trading days per year can be computed the future value formula provided below:

FV=PV*(1+daily return)^n

PV=initial investment=$100

daily return=reinvestment rate=1%

n=number of trading days in a year=250

FV=$100*(1+1%)^250

FV=$ 1,203.22

Annual return=( 1,203.22/$100)-1

Annual return=1103.22%

5 0
3 years ago
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