From the calculation below, the profit-maximizing labor input is 0.0625, and the profit of the firm is 0.125.
<h3>How do we determine profit-maximizing labor input and profit?</h3>
From the question, we can obtain:
R = Revenue = Q*P = L^0.5 * 1 = L^0.5
C = Cost = w * L = 2L
P = Profit = R - C = L^0.5 - 2L
To obtain the profit-maximizing labor input, the first derivative of P is taken, equated to zero, and we solve for L as follows:
P' = 0.5L^-0.5 - 2 = 0
0.5L^-0.5 = 2
L^-0.5 = 2 / 0.5
L^-0.5 = 4
L^(-0.5/-0.5) = 4^(-1/0.5)
L = 0.0625 ----> profit-maximizing labor input
The profit (P) of the firm can now be calculated by substituting L = 0.0625 into the P function as follows:
P = 0.0625^0.5 - (2 * 0.0625) = 0.125 --------> Profit of the firm
Learn more about profit function here: brainly.com/question/16866047.
#SPJ1
Answer:
$4,400
Explanation:
For calculation of amount that will be credited to Accounts Payable first we need to find out the GST and PST which is shown below:-
Goods and services tax GST = Goods and services percentage × Purchase cost
= 5% × $4,000
= $200
Provisional sales tax PST = Provisional sales tax percentage × Purchase cost
= 5% × $4,000
= $200
Amount that will be credited to accounts payable = Purchase cost + Goods and services tax GST + Provisional sales tax PST
= $4,000 + $200 + $200
= $4,400
Therefore for computing the amount that will be credited to accounts payable we simply added all the taxes value with the purchase cost.
Answer:
$51,600
Explanation:
Calculation to determine the total amount of interest revenue that Glade will earn over the life of the lease
Using this formula
Total interest = lease of equipment years *(Lease equipment fair value/ Present value of annuity due) -Lease equipment fair value
Let plug in the formula
Total interest=5* ($323,400/4.312)- $323,400
Total interest=5*$75,000-$323,400
Total interest=$375,000-$323,400
Total interest= $51,600
Therefore the total amount of interest revenue that Glade will earn over the life of the lease is $51,600
Answer:
An examination of returns is called an audit. Please mark me brainliest. Thank you.
