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Bess [88]
3 years ago
7

Consider a firm with production function f(L,K)=2L+4K. Assume also that the price of capital r=3 and the price of labor w=2. Wha

t is this firm’s average cost function when both L and K are variable?
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

b)AC(q)=3/4

Explanation:

Since Marginal product of labor (MPL) =2

And Marginal product of capital (MPK) =4

The price of labor i.e w=2

And, the price of capital i.e R=3

That determines

MPL ÷ W< MPK ÷ R.

Therefore producer will only use capital and k should be Q ÷ 4 and cost will RK i.e. RQ ÷ 4 =3Q ÷4

Hence, average cost is

=TC ÷Q

=3/4.

Here,  Q = quantity and TC = total cost

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saveliy_v [14]

Answer:

b. can be tailored to the needs of the internal user.

Explanation:

Managerial accounting information is basically for internal users, and is not aimed to provide information to external users. It aims of future projections.

It need not follow the US GAAP process, as there is no statutory requirement.

Shareholders are considered external for this purpose, as internal ones are, management, employees, labor etc:

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Therefore, correct option is

b. can be tailored to the needs of the internal user.

7 0
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Managing a healthcare setting today is different than it was 50 years ago. give an example of an ethical situation facing the he
mariarad [96]
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7 0
3 years ago
NEED HELP , por favor???
NikAS [45]

Answer:

The answer is self esteem.

Explanation: It's the self evalution of your worth how you feel about you and the way you carry it.

8 0
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disa [49]

Answer:

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4. Tangible resources that are used in operations and are not intended for resale. PLANT ASSETS

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6. Expected cash value of the asset at the end of its useful life. SALVAGE VALUE

7. Process of allocating the cost of equipment over its service life. DEPRECIATION

8. Material expenditures that increase an asset's operating efficiency, productive capacity, or useful life CAPITAL EXPENDITURES

9. An accelerated depreciation method used for tax purposes. MACRS

10. Useful life is expressed in terms of units of production or expected use. UNITS OF ACTIVITY METHOD

Explanation:

7 0
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Mariulka [41]

Answer:

The correct answer is option D.

Explanation:

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