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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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Frankfort Corporation purchases an investment in Bradley, Inc. at a purchase price of $9.8 million cash, representing 40% (at bo
Schach [20]

Answer:

The correct answer is B

Explanation:

The amount of equity earnings will be computed as:

Amount of earnings = Frankfort share in net Income of Bradley × Bradley Net Income

where

Frankfort share is 40%

Net Income of Bradley amounts to $1,680,000

Putting the values above in the amount of earnings:

= 40% share × $1,680,000

= $672,000

Therefore, the option B is correct.

4 0
4 years ago
A retail company sells agricultural produce and consumer products. The company procures materials from farmers and local produce
natima [27]

Answer:

Inbound Logistics

Explanation:

Logistics is the method of managing materials and information between two points that is between the supplier and the manufacturer.

Inbound logistics means managing the materials and parts between the manufacturer and the supplier with the help of transportation and deals with the procurement and storage of the materials and parts.

A retail company sells agricultural produce and consumer products. The company procures materials from farmers and local producers. This process is an example of <u>Inbound Logistics.  </u>

4 0
3 years ago
Which team work charateristic motivates your team members better to perform better
Artyom0805 [142]

Appreciation motivates your team members to perform better.


4 0
4 years ago
What are the five activities that business must perform to generate revenue and make a profit
jolli1 [7]

Answer:

manufacturing, correct pricing, marketing, sales and asking past customers for referrals.

Explanation:

Revenues are cash inflows that a business generates during its operations. main activities that make this possible starts from Manufacturing which involves converting raw materials to finished goods. Next activity is correct pricing which will determine if customers will be willing to buy your products or services , Marketing will ensure the existence, use and location of the product is known to the target market. Sales involves customers committing and buying the product. You can also ask customers for new referrals which when turned to successful leads, will generate more revenues.

7 0
3 years ago
Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has
Ulleksa [173]

Answer:

False

Explanation:

The reason is that the liability can not be waived unless the lender agrees to waive off the liability which means that in this case Rayna hasn't waived off its amount receivable so the Billy owes Rayna remainder $2700 despite sending payment in full check.

6 0
4 years ago
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