What information in a drawings title block identifies the project?
1 answer:
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Answer:
0.25
Explanation:
The marginal rate of technical substitution (MRTS) can be described as the rate of a reduction is one factor to maintain the same production level when another factor is increased.
Given that labor is measured on the horizontal axis, the MRST of K for L can be calculated as follows:
Where;
MPK = Marginal product of capital = 2
MPL = Marginal product of labor = 8
Substituting the values into the equation, we have:
This implies that 0.25 of capital must be given up to have one unit of labor.
Answer:
(1)
(2) The variable cost per unit produced is $7.60.
(3) The coefficient of determination is 0.96 or 96%.
(4) The estimated total cost is $5,046.67.
Explanation:
A regression analysis for the provided data is performed on Microsoft Excel.
The output is attached below.
(1)
The estimated regression equation that could be used to predict the total cost for a given production volume is:
(2)
The variable cost per unit produced is given by the slope of the line.
The slope of a regression line represent the value of the dependent variable for one unit of the independent variable.
So, the variable cost per unit produced is $7.60.
(3)
Consider the regression output attached.
The coefficient of determination is 0.96 or 96%.
This implies that the percentage of the variation in total cost that can be explained by production volume is 96%.
(4)
For Volume = 500 units predict the total cost as follows:
Thus, the estimated total cost is $5,046.67.
Answer:
6.34 %
Explanation:
For computing the coupon rate, first we have to determine the PMT by using the PMT formula that is shown on the attachment
Given that,
Present value = $939.02
Future value = $1,000
Rate of interest = 7.15% ÷ 2 = 3.58%
NPER = 11 years × 2 = 22 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the PMT is $31.70
It is semi annually
Now the annual PMT is
= $31.70 × 2
= $63.40
So, the coupon rate equals to
= $63.40 ÷ $1,000
= 6.34 %
