What is one result thats occured because of the Advent of the internet

true or false: The decrease in the proportion of income spent on the basic necessities of life has encouraged the demand for mor

KIM [24]

Answer: True

Explanation: This quiz question explains the relationship between income and demand.

7 0

4 years ago

A firm has production function f(L,K,M)=L+K2+4M, where L is units of labor, K is units of capital, and M is units of materials.

Elis [28]

Answer:

1800

Explanation:

Production Function is the relationship between production inputs & production outputs, given technology. It shows maximum output that can be produced with minimum inputs, given technology.

Production Function: f (L,K,M) = L + K^2 + 4M

K = 40 , L = 100 , M = 100

Production = 100 + (40)^2 + 100

100 + 1600 + 100

= 1800

8 0

4 years ago

Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To pr

Mademuasel [1]

Answer:

The company will produce the requested 150 units of A for a gain of 300 dollars

and then use his resourses to produce B yielding a gain of 90 dollars

total of 390 profit

Explanation:

The company will produce at least 150 units of product A therefore:

lbs used: 150 x 3 = 450

minutes of labor used 150 x 8 = 1,200

leaving available:

1,200 - 450 = 750 lbs

1,500 - 1,200 = 300 mins

As time is the most scarce resource we allocate base on thecontribution per minute:

product A $2 of profit for 8 minutes: 0.25 dollars per minute

product B $1.5 of profit for 5 minutes: 0.30 dollars per minute

As product B is more profitable considering labor time we use the entire amount left to produce product B

300 min / 5 minutes = 60 units of b

6 0

3 years ago

An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t

masha68 [24]

Answer:

PLAN A

Year Cashflow [email protected] PV

$'m $

0 (12.4) 1 (12.4)

1 14.88 0.8905 13.25

NPV 0.85

PLAN B

Year Cashflow [email protected] PV

$'m $'m

0 (12.4) 1 (12.4)

1-20 2.2034 7.3309 16.15

NPV 3.75

Project B should be accepted

Explanation:

In this case, we need to discount the cash inflow of plan A at 12.3% for 1 year and then deduct the initial outlay from the present value of cash inflow. The discount factor could be derived from the present value table.

For plan B, we will discount the cash inflow at 12.3% for 20 years. In this case, we will use the annuity factor for 20 years. Thereafter, we will multiply the cashflow by the annuity factor for 20 years to obtain the present value. The initial outlay will be deducted from the present value so as to obtain the net present value(NPV).

The annuity factor can be obtained from the present value of annuity table.

The project with the higher NPV will be accepted.

6 0

3 years ago

Ruff, Inc. makes dog food out of chicken and grain. Chicken has 10 grams of protein and 5 grams of fat per ounce, and grain has

il63 [147K]

Answer: Ruff, Inc., should use 0 oz of chicken and 113 oz grain.

Explanation:

Given that,

Chicken:

10 grams of protein

5 grams of fat per ounce

Grain:

2 grams of protein

2 grams of fat per ounce

Chicken costs = 11¢ per ounce

Grain costs = 1¢ per ounce

Let x be chicken and y be grain

Objective is to minimize 11x +y

subject to

10x +2y ≥ 226

5x + 2y ≥ 166

Solving these two equations, we get,

point (1)- (12, 53) and two corner solution

(2)- (0,113)

(3)- (33.2,0)

Price of 1) = 12 × 11 + 53 × 1 = 185

Price of 2) = 0 ×11 + 113 × 1 = 113

Price of 3) = 33.2 × 11 + 0 × 1 = 365.2

Therefore, Ruff, Inc., should use 0 oz of chicken and 113 oz grain.

7 0

3 years ago