Answer:
$4000 is the correct answer to the given question .
Explanation:
The marginal cost with compare to the labor can be written as
Here K=9 units putting this value in the previous equation we get
We can find the value of labor by the given formula that are given below
From the given question that are mention in question
Q = 2(K)1/2(L)1/2
Putting the value of K and L in the given equation we get
So profit maximizing output is =$60 chairs as the chairs can be sold for the $400 each so = $60 * $400 *10=$24000 chairs
As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment
=$20000
Therefore profit-maximizing level of output =$24000-$20000=$4000
Answer:
a. the rate of job finding.
Explanation:
The unemployment insurance system is a program managed by the federal and state governments to provide unemployment benefits to individuals who are unemployed and meet certain eligibility criteria.
Although not a goal of the unemployment insurance system, one effect is that the system reduces the rate of job finding.
However, the main goal of the unemployment insurance system is to reduce workers' uncertainty about their incomes.
It was more profitable for gm and ford to integrate
backward into component-parts manufacturing in the past because manufacturing costs less than if
materials are purchased from the suppliers and <span>both companies are now buying more of their parts from outside
suppliers because it<span> was more skillful to purchase raw materials, and then change them into
operational parts, and use them to create a final product.</span></span>
C.
This is because all resources are almost being used and to their full potential, therefore there are few idle resources and thus is efficiency.
Answer:
met with an existing client to discuss possible extension of a sales contract
Explanation:
The event above would not be recorded in pinnacle's accounting records due to the fact that it was just a conversation and not registered or recorded somehow.
