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zhenek [66]
3 years ago
13

Consider the production function Q = f(L,K) = 10KL / K+L. The marginal products of labor and capital for this function are given

by?
MPL = 10K^2 / (K +L)^2, MPK = 10L^2 / (K +L)^2.
(a) In the short run, assume that capital is fixed at K = 4. What is the production function for the firm (quantity as a function of labor only)? What are the average and marginal products of labor? Draw APL and MPL on one graph.
(b) What is the marginal rate of technical substitution for this technology?
(c) Are the returns to scale of this production function increasing, decreasing or constant? Explain.
Business
1 answer:
Hunter-Best [27]3 years ago
3 0

Answer:

ANSWER IS BELOW :)

Explanation:

Tbh im not sure, but I think its 10(5)+65

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Rolland Poust is a sophomore in the College of Business at Scandia Tech. Last semester he took courses in statistics and account
nikklg [1K]

Answer:

3.5

Explanation:

Grade point average (GPA) is the summation of all the numbered grades obtained divided by the number of credits taken or total obtainable points multiply by the maximum point receivable for a course. This can be calculated as follows:

1. Calculation of Total Obtainable Points

Statistics = A × hrs = 4 × 3 = 12

Accounting = A × hrs = 4 × 3 = 12

History = A × hrs = 4 × 5 = 20

History of jazz = A × hrs = 4 × 2 = 8

Rules of basketball = A × hrs = 4 × 1 = 4

Total obtained points = 12 + 12 + 20 + 8 + 4 = 56

2. Calculation of Total Points Obtained

Statistics = A × hrs = 4 × 3 = 12

Accounting = A × hrs = 4 × 3 = 12

History = B × hrs = 3 × 5 = 15

History of jazz = B × hrs = 3 × 2 = 6

Rules of basketball = A × hrs = 4 × 1 = 4

Total Points Obtained = 12 + 12 + 15 + 6 + 4 = 49

3. Calculation of GPA

GPA = (Total Obtained Points ÷ Total Obtainable Points) × the points that A receives (i.e. maximum GPA)

= (49 ÷ 56) × 4

= 0.875 × 4  

= 3.50  

Therefore, Rolland Poust's GPA is 3.5 out of 4.

The measure of location that has just been calculated is mean. The mean is obtained by adding all the values and then divide it by the number of values.  

Grade point average (GPA) is similar to mean because GPA is the summation of all the numbered grades obtained divided by the number of credits taken.

6 0
3 years ago
Merchandise that arrives in the delivery truck ready to be sold is considereda. Floor-readyb. Lead time synchronized c. Synthesi
Naddik [55]

Answer:

The correct answer is letter "A": Floor-ready.

Explanation:

Floor-ready merchandise is goods shipped pre-ticketed and tagged according to the sale requirements of a store. The pre-ticketing and tagging of the goods take place before the products reach the destination. This kind of merchandise has the most similar demonstration of the product as if it would have been displayed in the store.

3 0
3 years ago
The need for ______________ can complicate information sharing among emergency personnel.
Yanka [14]

I believe the answer is: Advanced equipment

During emergency situation, many of the personnel would most likely be taken from volunteer groups who do not have affiliation with the federal organizations. Because of this, they would not have as much proficiency in handling advanced equipment like trained personnel.

3 0
3 years ago
Read 2 more answers
Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of retur
Tanya [424]

Answer:

The answer is $7,900

Explanation:

Formula of Residual Income=Net Operating Income-(minimum required rate of return*average operating assets)

Residual income (RI)=$143,700-($970,000*14%)

RI=$7,900

Further we can alsocalculate

Return on investment (ROI)=$143,700/$970,000=14.81%

8 0
3 years ago
Read 2 more answers
Job Cost Journal Entries and T Accounts
koban [17]

Answer:

Cost of goods sold = $1,224,000

Cost of goods manufactured = $1,200,000

Direct labor incurred  = $360,000

Direct material used  = $430,000

Indirect material used  = $96,000

Total materials purchased = $556,000

Explanation:

                                    Materials Inv.         WIP Inv.           Finished Goods Inv.

Beginning inventory      $40,000            $50,000              $80,000

Ending inventory           $70,000             $60,000              $56,000

Total sales were $2,000,000, on which the company earned a 40% gross profit.

Redwood uses a predetermined manufacturing overhead rate of 110% of direct labor costs. Manufacturing overhead applied was $396,000. Exclusive of indirect material used, total manufacturing overhead incurred was $300,000; it was under-applied by $24,000.

COGS = $2,000,000 x 60% = $1,200,000 + $24,000 of underapplied overhead = $1,224,000

COGM = COGS + ending finished goods inventory - beginning finished goods inventory = $1,224,000 + $56,000 - $80,000 = $1,200,000

Direct labor = applied overhead / predetermined overhead rate = $396,000 / 1.1 = $360,000

Direct materials = COGM - beginning WIP - overhead applied - underapplied overhead - direct labor + ending WIP = $1,200,000 - $50,000 - $396,000 - $24,000 - $360,000 + $60,000 = $430,000

Indirect materials = overhead - $300,000 = $396,000 - $300,000 = $96,000

Total materials purchased = ending materials + direct materials used + indirect materials - beginning materials = $70,000 + $430,000 + $96,000 - $40,000 = $556,000

6 0
3 years ago
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