1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olchik [2.2K]
3 years ago
13

The UJava espresso stand needs two inputs, labor and coffee beans, to produce its only output, espresso. Producing an espresso a

lways requires the same amount of coffee beans and the same amount of time. What type of production function will appropriately describe the production process at UJava, where B represents ounces of coffee beans, and L represents hours of labor? Write down the functional form of the production function.
Business
1 answer:
bezimeni [28]3 years ago
8 0

Answer:

Q = min[3B; 40L]

Explanation:

This is an example of Leontief production function in which factors of production, in this case B and L, are used in fixed proportion that is determined by the production technology which makes  substitutability between factors impossible.

If we assume that 3 ounces of B and 40 minutes of L are always required to produce one unit of espresso represented by Q, the functional form of the production function can be written as follows:

Q = min[3B; 40L].

You might be interested in
Reverend samuel stanhope smiths proposal that skin color should be viewed as a product of climate and therefore not correlated t
Tatiana [17]
I think he felt that skin was attributable to climate and did not affect one's intelligence, character and personality so  he was not a racist. While areas of the world like Latinamerica and Africa for example have many people with brown or black skin, they are every much as capable as people from more northern climates with white skin. The fact that, for example the Latin american areas had advanced civilizations like the Incas and Aztecs, the former with 1000's of kilometers of roads tying their empires together and the Aztecs with their monumental temples and both with advanced agriculture based on astronomical observations shows this is the case.
7 0
3 years ago
What are things to consider before opening a business?
artcher [175]
You should consider whether you want it to be a private or public company. A private company means that should the business fall-out, you and your business partners are responsible for the cost of the lawsuit and you will have to pay out of pocket. If your business is public, meaning that people can buy shares of your stock, then you would only have to pay up to the value of the amount of stock that you own. Hope that helps!
7 0
3 years ago
Xugooooooooooooooooooooooo
Vika [28.1K]

Answer:

hailllllllllllllllllllleyyyyyyyyyyyyyyyyyyyyyyyy

Explanation:

7 0
3 years ago
Manisha could work for another firm making​ $10,000 per​ month, but she decides to open her own gourmet cheese store and pay her
Ghella [55]

Answer:

Manisha's economic profits are - $5,000.

Explanation:

Manisha could work for another firm making​ $10,000 per​ month, but she decides to open her gourmet cheese store and pay herself​ $2,000 per month.

In her first month of​ operations, she spends​ $6,000 on​ cheese, $1,000 on other​ items, and​ $2,500 on rent.

She had a great opening​ month and brought in revenues of​ $14,500.

The economic profits

= Total revenue - (Implicit costs + explicit costs)

= $14,500 - ($10,000 + $6,000 + $1,000 + $2,500)

= $14,500 - $19,500

= - $5,000

4 0
3 years ago
For an activity base to be useful in cost behavior analysis: a) there should be a correlation between changes in the level of ac
lubasha [3.4K]

Answer:

Option A is the correct one

Explanation:

Among the various options given in question statement, option A is correct

Cost behavior analysis is done make management comprehend the impact of various costs change versus changes in activities in various levels of the company. This may involve direct materials, direct labor, and overhead costs. Hence if there is no correlation between changes in the level of activity and changes in costs, then such analysis wont be an effective cost behavioral analysis

7 0
3 years ago
Read 2 more answers
Other questions:
  • Headlights, signal lights, and taillights exist so you can ___.
    10·1 answer
  • Select all that apply.
    5·1 answer
  • The first broad scan of all potential world markets should result in the firm being able to ________.
    7·1 answer
  • At the Sol Wave House hotel, located on the beautiful island of Majorca, Spain, a Twitter concierge stays in constant contact wi
    9·1 answer
  • Suppose the M P C is 0.8 and the current tax rate is 25 % . What is the government purchases multiplier? Specify all answers to
    5·1 answer
  • If workers are more educated, then short-run aggregate supply ___________.
    11·1 answer
  • The trial balance for Pioneer Advertising Inc. is shown below.
    6·1 answer
  • Read the passage. Then answer the question that follows. Nikia designs and produces board games that she sells online. She forme
    8·1 answer
  • The kraft heinz company mainly uses _______ for its mix of products.
    12·1 answer
  • many companies view the marketing environment as a(n) __________ element to which they must react and adapt.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!