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astraxan [27]
4 years ago
12

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.

If this firm uses 100 units of labor, 40 units of capital, and 100 units of materials, what is the maximal number of units that they can produce?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. If this firm uses 100 units of labor, 40 units of capital, and 100 units of materials, what is the maximal number of units that they can produce?
Business
1 answer:
Elis [28]4 years ago
8 0

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

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Answer:

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Explanation:

In this case, there is need to determine the quantity of closing inventory of finished goods by deducting quantity sold from quantity produced. This quantity will be valued at variable production cost of $48 per unit using variable costing.  The variable production cost per unit is the total of direct material cost per unit, direct labour cost per unit and variable manufacturing overhead.per unit.

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4 years ago
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Lorico [155]

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