A is the answer to this question. Hope this helps!
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.
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<u>Answer:
</u>
Yes, people who disagree about normative ethical theory can still reach an agreement on practical ethical questions in the business world.
<u>Explanation:
</u>
- Most individuals associated with any form of business have their own theories devised of ethical behavior.
- Even if some people choose to disagree with the normative ethical theory, they cannot ignore the practical ethical questions in the business world.
- Such people modify their own ways of tackling the problems regarding business ethics which prove effective sometimes and sometimes do not.
Answer:
A)
Goods A B C D E F
Candy Bars 0 4 8 12 16 20
Bags of Peanuts 10 8 6 4 2 0
B) graph
the slope of the line = 1.5 / -0.75 = -2
the opportunity cost of one more candy bar is 1 bag of peanuts (actually half a bag of peanuts, but you cannot purchase half of something).
the opportunity cost of one more bag of peanuts s 2 candy bars.
C) it doesn't tell me which combination to buy, it only tells me the possible combinations.
D) if I had won $30, the slope would have been the same, the total number of items purchased would have changed, increasing the available combinations.
Answer: proactive personality
Explanation:
Proactive personality has to do with the individuals who identify opportunities, and also show perseverance and initiative and wait till there's a meaningful change regarding a particular situation.
Since Kalanick’s attributes include focus and perseverance. The attributes are most closely related to proactive personality.
