Answer:
1.011
Explanation:
The two differentiation for the two parameters such as units of labor and units of capital can be represented as shown below:
If z (production) = f(x,y) = x^0.75y^0.25
Where: x represents the units of labor and y represents the units of capital.
Thus, using differential, the change in production will be:
= 0.75x^(0.75-1)y^0.25 + 0.25(x^0.75)y^(0.25-1) = 0.75x^(-0.25)y^0.25 + 0.25x^0.75y^(-0.75)
x = 25+1 = 26; y = 19
dz = 0.75*26^(-0.25)*(19^0.25) + 0.25*26^0.75*(19^(-0.75)) = 0.75*0.443*2.09 + 0.25*11.51*0.11 = 0.694+0.317 = 1.011
Answer:
$70
Explanation:
The cost to jack of seeing BO Bice is $70. The cost of ticket, and forgone earning should not be considered because these are the sunk cost. And we do not count sunk cost because we can't recover them. The only cost that should be considered is opportunity cost. opportunity cost is $70.
Answer:
The correct answer is Conjoint Study.
Explanation:
A joint study is the application of methodologies in order to analyze the behavior of a product, in order to know if it meets the level of satisfaction that customers expect to receive. Adam and Jose should evaluate the different types of alternatives before launching a product, since if they do not, it is very likely that they will not generate the expected expectations and finally the product must stop being sold.
Answer: From centralization of authority to decentralization.
Explanation:
Centralization is when decisions are taken by the bosses or those at the top tier in the workplace. Decentralization is when lower level staffs are involved in making decisions in a company.
Since Topline moved away from the centralization to the president giving authorities to the local store managers, this represents centralization of authority to decentralization.
Answer:
A) accounting profit does not account for explicit and implicit costs.
Explanation:
- As accountant and economist view profits differently as they view costs differently and thus are useful in making the business decisions and the only difference that occurs is in terms of opportunity cost.
- As the economic profits are smaller and hs explicit ad implicit costs, as compared to the accounting profit.
- Gross Profit - (Operating Expenses + Taxes) = Accounting Profit.