Answer:
a) Q = 100M + 60C
b) L = 0
c) L = Q / 60
d) Cost = $66.67
Explanation:
a)
Let M be the self service machines and L be the cashiers hired by company.
M = self service machines
C = hired cashiers
Q = Total output
Each self service machine can process 100 orders per hour = 100M
Cashier can process 60 orders per hour = 60C
Then,
Q = 100M + 60C
b)
Marginal Product of self service machine = 100 / 20 = 5 order per dollar
Marginal Product of cashier = 60 / 10 = 6 order per dollar
Marginal Product of cashier is higher than Marginal Product of self service machine(6 > 5).
Then, demand for self service machine is zero.
L = 0
c)
L = Orders to be processed / Order processed per cashier
L = Q / 60
d)
L = Q / 60
L = 400 / 60 = 6.66666667
Cost = L x 10 = 6.66666667 x 10 = $66.67
Hope this helps!
Answer:
1.15X + 1.09(11000 - X) = 11000 + 1452
1.15X + 11990 - 1.09X = 12452
0.06X = 462
X = 7700
The answer is
7700
Explanation:
One way of quantifying the personal value of a good or
service is by having to find the monetary value of a particular something by
which the person is likely to be willing to trade in—in exchange for a
particular good or a service.
Answer:
The correct answer is Domestic Stage/First Stage.
Explanation:
In the first stage of the international development of a company, also known as the national stage, the orientation and operation of an organization is based on the local area, its market capacity is limited to the country of origin. However, its managers seek to transcend borders to publicize their products / services globally, initially intervening in some international market to expand their production volume and achieve economies of scale.
