Answer: d. employ less capital and more labor.
Explanation: Given the marginal product of labor equals 10 and a marginal product of capital equals 50, since the marginal product of capital is now considerably larger than that of labor, increasing labor should be prioritized at this point, because due to the marginal returns on capital may soon start to diminish especially with the high capital rate. And also, high capital rate of $100, which is considerably higher than the labor wage rate of $20, the firm should employ less capital and focus more on labor
Answer:
for minimum cost the intersection point should be calculated i-e
By using calculator
As x can't be negative so x=0.4828
It's the minimum value because as we decrease the operating cost further the capital value will increase so this is the minimum value.
Graphical solution:
Answer: 90.32%
Explanation:
Weekly demand (d) = 120
Standard deviation = 10
Lead time (l) = 4
Reorder point = 506
The reorder point is calculated as:
506 = 120 × 4 + Z × 10 × ✓4
Solving for Z will give us 1.3
Then, we check this in the z table which will give us p = 0.9032
Therefore, the service level is 90.32%.
Answer: <em>Option (C) is correct.</em>
Explanation:
In the 21st century, business applications have come a long way. It has moved from transaction processing and monitoring to problem analysis, solution applications and other activities. Data monitoring isn't one of these activities. Since data monitoring specifically concentrates on ardently analyzing and evaluating data and also it's quality in order to make sure that it lies within the domain of the purpose.
