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
Talja [164]
3 years ago
10

When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.

Each unit of capital costs 20, and each unit of labor costs 25. The level of K is fixed at 5 units. Find the equation of the firm’s short-run total cost curve?
Business
1 answer:
DanielleElmas [232]3 years ago
7 0

Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

L = \frac{Q^2}{25}

Therefore, the Short run total cost function (STC) will be:

20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2

You might be interested in
Use the following to answer the questions.
-BARSIC- [3]

Answer:

B. just-in-time

Explanation:

Just in time (JIT) is an inventory management approach that is used by companies that want to reduce their inventory costs and they purchase their materials in smaller quantities whenever their productive system needs them. The goal is to keep the lowest possible inventory levels.

3 0
3 years ago
I need help plz and bro i swear if someone reports it bc i put a link imma sock you in the face and thats ong.
Arte-miy333 [17]
Where is the link? I do not see the link in the comments
7 0
3 years ago
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production
madam [21]

Answer:

Equivalent units of production= 746,000 units

Explanation:

Giving the following information:

Units completed 620,000 100%

Ending Work in Process 180,000 70%

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 620,000 + (180,000*0.7)

Equivalent units of production= 746,000 units

7 0
3 years ago
Because so many organizational funds are spent on compensation-related activities, it is crucial for top management and hr execu
Ymorist [56]
The answer should be : with what the organization is trying to accomplish.

Hope this helps !

Photon
4 0
3 years ago
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end,
nydimaria [60]

Answer: $186,000

Explanation:

January is the 2nd month from November which means that all of November's $31,000 will be collected in January.

January is the first month after December so 30% of December sales should be collected in January. 50% has already been collected in December and this left $50,000.

Total credit sales in December must have been:

= 50,000 / 50%

= $100,000

Amount to be collected in January for December:

= 100,000 * 30%

= $30,000

Amount to be collected from January credit sales:

= 50% * 150,000

= $75,000

January cash sales = $50,000

Total cash in January :

= 31,000 + 30,000 + 75,000 + 50,000

= $186,000

4 0
3 years ago
Other questions:
  • What are 2 tools you can use to identify possible issues in a QuickBooks Online Company?
    12·1 answer
  • Name one of the most famous rock concerts to be held on the weekend of august 15 – 18, 1969.
    14·1 answer
  • LeBlanc Inc. currently has earnings of $10 per share, and investors expect that the earnings per share will grow by 3 percent pe
    14·1 answer
  • Business schools generally train students to follow ________ decision-making models
    11·1 answer
  • Taylor needs a natural resources in his venture to make his enterprise possible. Which of the following isn't considered a capit
    12·1 answer
  • Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $14.8 million, and $39.6 million, res
    14·1 answer
  • The Super Widget Corporation has 20,000 shares of stock outstanding. A. If it declares dividends of $42,500, what is the dividen
    15·1 answer
  • NO LINKS OR ELSE YOU'LL BE REPORTED! Only answer if you're very good at drawing logos.
    15·1 answer
  • Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potent
    12·1 answer
  • logistics plans are executed and altered over the many years of deployed operation, with operations and support (O
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!