1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pickupchik [31]
2 years ago
5

Suppose in the short run a firm’s production function is given by Q = L 1 2 K 1 2 and that K is fixed at K = 10. If the price of

Labor, w = $15 per unit of Labor, what is the firm’s marginal cost of production when the firm is producing 50 units of output?
Business
1 answer:
Furkat [3]2 years ago
6 0

The firm’s marginal cost of production when the firm is producing 50 units of output is 33.33

Solution:

The production function is Q = \sqrt{L * K}

The initial value is 10 units. The production value is 50 units The manufacturing cycle needs work as stated below.

Q = \sqrt{L * K}

Q = \sqrt{L * 10}

L = (\frac{Q}{3.162} )^{2}

The wage rate is $15 . The following is the expense of the manufacturing process.

TC = P_{L} * L + P_{K} * K

TC = ( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]

The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.

As listed below, the marginal cost:

TC = ( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]

MC = \frac{TC}{Q} = \frac{2Q}{3}

MC = \frac{2*50}{3} = 33.33

You might be interested in
Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr
Oxana [17]

Answer:

The answer is $6680

Explanation:

To calculate the Real GDP we use prices from the base year.

GDP =  100x40 + 80x11 + 20x90 = $6680

8 0
3 years ago
Cindy earned a 10 percent increase in her salary and received the entire increase at the beginning of the year, with the stipula
sammy [17]

Answer:

Lump-sum salary increase.

Explanation:

A lump-sum salary increase is an amount paid instead of increase in salary. It is not added to the fixed base salary, it is instead given in the form of a single cash payment, as it is the case with Cindy here. This is why it is also known as lump sum bonus, because it is given as a single payment, as it was in Cindy’s case, all given at the beginning of the year.

7 0
3 years ago
(01.02 MC)
mart [117]

Answer:Ob

---ways people obtain their wants with limited resources

Explanation:

Economics as defined by Lionel Robbins is  the science  that studies human behavior as a relationship between ends and scarce means which have alternative uses.

The economy generally is filled with people having unlimited wants but the resources(  land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society  (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by  providing variety of goods and services from the scarce resources  so that people can have choices  to choose from in satisfying their limitless wants in order of preferences.

8 0
3 years ago
Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
Hitman42 [59]

Answer:

124.38%

Explanation:

capacity utilization rate is the rate at which productive capacity or output is being utilized. It is denoted by the equation:

Capacity utilization = [actual output/ potential output] %

= (45,400/365) %

=124.38%

8 0
3 years ago
_______________ let you segment your company offerings by target market and are a great way to focus on different products separ
Rufina [12.5K]

Answer: LinkedIn Showcase Pages

                                 

Explanation: In simple words, showcase pages refers to the added feature which extends the traditional linked in page of the users. By using this feature customers of linked in can spotlight brand ,business unit or an initiative.

This feature was introduced for the niche audience of the website to create a memorable experience for them as they will be able to share their unique content.

This feature wide's the approach of the users as a showcase user can also tag companies and individuals in a showcase page to get their attention.

4 0
3 years ago
Other questions:
  • Artists often use ____________ to create small and intimate works because the paints are easy to carry and only require a glass
    9·1 answer
  • Consider the following two mutually exclusive alternatives for reclaiming a deteriorating inner-city neighborhood (one of them m
    11·1 answer
  • Future Clothes Inc., a publicly-traded company, designs and manufactures wearable technology. What approach should Future Clothe
    8·1 answer
  • Fritters, a fast food restaurant chain, known for its quick meals encountered an instance where a customer had blamed its food f
    14·1 answer
  • Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 15,000 parts in stock
    15·1 answer
  • Which symbol on a regulatory marker is used to mark a swimming area?
    6·1 answer
  • On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $ 27,200 Dr. 111
    15·1 answer
  • Windsor, Inc. just began business and made the following four inventory purchases in June:
    5·1 answer
  • the Bailey Brothers want to issue 20-year , zero coupon bonds that yield 9% .what price should it charge for these bonds if the
    7·1 answer
  • A bachelors degree in which of the following areas is a good choice for an arts an communication manager?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!