Answer:
Paying higher wages boost up employees to be more productive, as higher wages is considered as a source of motivation to the employees and they will improve their level of work and complete their task in an effective and efficient manner which leads to productivity at workplace. Hence, this automatically leads to timely completion of work at almost zero cost.
The reasons why some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor are as follows:
- Paying higher wages helps workers to be healthier in some developing countries.
- Higher wages attract a more competent pool of workers.
- Paying higher wages encourages workers to be more productive.
Answer:
a, 22276.07
b. $32.9157 million
c.$29.9669million
Explanation:
Find the values of k and a assuming a relationship of the form Assume that f(y)=ky^a is in units of barrels per day.
b. Determine the optimal timing of plant additions and the optimal size and cost of each plant addition.a=0.8073, rx=0.41
optimal timing x=rx/r=2.05yrs
optimal size xD=2.05(1.5)
3.075million barrels/year
$32.9157 million
c. Suppose that the largest single refinery that can be built with current technology is 7,500 barrels per day. Determine the optimal timing of plant additions and the optimal size and cost of each plant in this case
Optimal size xD=min
Optimal timing will be X^*=x*D/D=2.7375/1.5=1.825 year
optimal cost f(y)=ky^a=0.0223(7500)^0.8073=$29,9669 milion
Answer:
It seems that something is missing in question i.e b) what is the after state taxes profit in the state with the 2% tax rate.
Answer for both requirement is given below in explanation with calculation.
Explanation:
A) After tax profit where state tax is 10%
The after tax profit will be 1,278,000$ (1420000*90%)
B) After tax profit where state tax is 2%
the after tax profit will be 1,352,400$ (1380000*98%)
So we can conclude that option 2 is better because it gives greater after tax profit.
Answer:
1 $32.17
Explanation:
The computation of the minimum price the product should sold is shown below:
Min price = Production cost + period cost + overhead cost
= $21.45 + $10.725
= $32.175
The period cost and the overhead cost is the half of the total production cost and we considered the same
We simply added the production cost, period cost and the overhead cost so that the minimum price could come
