Answer:
a) Q = 100M + 60C
b) L = 0
c) L = Q / 60
d) Cost = $66.67
Explanation:
a)
Let M be the self service machines and L be the cashiers hired by company.
M = self service machines
C = hired cashiers
Q = Total output
Each self service machine can process 100 orders per hour = 100M
Cashier can process 60 orders per hour = 60C
Then,
Q = 100M + 60C
b)
Marginal Product of self service machine = 100 / 20 = 5 order per dollar
Marginal Product of cashier = 60 / 10 = 6 order per dollar
Marginal Product of cashier is higher than Marginal Product of self service machine(6 > 5).
Then, demand for self service machine is zero.
L = 0
c)
L = Orders to be processed / Order processed per cashier
L = Q / 60
d)
L = Q / 60
L = 400 / 60 = 6.66666667
Cost = L x 10 = 6.66666667 x 10 = $66.67
Hope this helps!
Sandra is involved in production.
Production can be described as the process of transforming or converting resources into goods and services.
In any organization, the depart that is in charge of production is the production or operation department.
Therefore, Sandra is involved in production.
The reason is that the transformation of resources into goods and services is her key job role at the company.
Learn more here: brainly.com/question/1462114.
Answer:
B) The yield on a 5-year Treasury bond must exceed that on a 2-year Treasury bond.
Explanation:
The yield on 5-year Treasury bond must be higher than a 2-year Treasury bond. This is because the expected inflation rate after 2-years will be constant at 4% and there is also a maturity risk premium which increase with the increase in maturity of the bond. Therefore, the correct answer is option B.
The correct answer is budget.
If you are creating a personal budget you need to estimate how much your income and expenses will be for a period. This will allow you to make smart financial decisions and hopefully save for things that you need and/or want.
