All categories

3 years ago

An isoquant is a curve that represents combinations of:_______.

Business

1 answer:

baherus [9]3 years ago

7 0

Answer:

two inputs which are capable of producing the same level of output.

Explanation:

Isoquant is a word made up of two parts. Iso is one and quant is for quantity not output.

It means a combination of inputs that give a certain output.

The factors of production can be substituted for each other to produce the same quantity of a product. These combinations are called isoquant.

Plotting all possible combinations that give a level of output gives the isoquant curve

You might be interested in

Hannah, Greta, and Winston own the stock in Redpoll Corporation (E & P of $900,000) as follows: Hannah, 600 shares; Greta, 4

LenaWriter [7]

Answer:

A. Long-term capital gain of $185,000

Explanation:

4 0

3 years ago

The new office supply discounter, Paper Clips, Etc. (PCE), sells a certain type of ergonomically correct office chair. The annua

mrs_skeptik [129]

Solution :

Given data:

Annual demand, D = 180,000 chairs

Ordering cost, F = $ 150 per order

Annual holding cost per unit, C = $25

Lead time of order, L = 5 days

Standard deviation of order during lead time = 30

a). The optimal order quantity

$=\sqrt{\frac{2FD}{C}}$

$=\sqrt{\frac{2\times 150 \times 180,000 }{25}}$

= 1469.69

= 1470 (rounding off)

b). The Z value of the customer service of 90%,

i.e., the probability of 0.90 as per normal distribution table = 1.29

∴ Safety stock = Z value x standard deviation of order during lead time

= 1.29 x 30

= 38.7

= 39 (rounding off)

c). The reorder point

$= \text{Average demand per day} x \text{Demand lead time (day) + Safety stock}$

$=\frac{\text{annual demand}}{\text{300 days}} \times \text{ Demand Lead time (days) + Safety stock}$

$=\frac{180,000}{300} \times 5 + 39$

= 3039

d). The optimal annual total inventory cost

$\text{= Annual ordering cost + Annual Inventory carrying cost}$

$\text{= Number of orders} \times \text{Ordering cost + Average inventory} \times }$ $\text{Inventory holding cost per unit per year}$

$=\frac{\text{annual demand}}{\text{optimum order quantity}} \times \text{ordering cost+}\frac{\text{optimum ordering cost}}{2}\times C$

$=\frac{180,000}{1470} \times 150 + \frac{1470}{2} \times 25$

= 18367.34 + 18375

= $ 36,742.34

6 0

3 years ago

The following data were reported by a corporation: Authorized shares 24,000 Issued shares 19,000 Treasury shares 5,500 The numbe

Basile [38]

Answer:

13,500

Explanation:

Outstanding shares = issued shares - Treasury shares

19,000 - 5,500 = `13,500

Shares is a method through which firms raise capital.

Authorised shares are the maximum number of shares a company can issue to investors

Outstanding shares are the total number of shares sold to investors

Treasury shares are shares that have been issued and later repurchased by the company

Issued shares are the shares that a company issues

4 0

3 years ago

Making a profit by lending money is ____________.

Rzqust [24]

The right answer for the question that is being asked and shown above is that: "d. manufacturing." Making a profit by lending money is <span>d. manufacturing
</span>
The right answer for the question that is being asked and shown above is that: "a. individual" In a market economy, land, labor, as well as capital, are controlled by the <span>a. individual</span>

5 0

3 years ago

Explain the most well-known service provided by insurance companies. *

earnstyle [38]

Answer:

Car insurance

Explanation:

Everybody drives a car.

6 0

3 years ago