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Schach [20]
3 years ago
14

A firm with a production function Q = KL (where K is units of capital and L is units of labor) has an expansion path that is giv

en by K = 2L. The wage rate (W) is $20 and the rental on capital is $10. Assuming that the firm is using the optimal mix of inputs for any given output level, the total cost when using three units of labor is: $__________. A. 40 B. 80 C. 120 D. 160
Business
1 answer:
Charra [1.4K]3 years ago
4 0

Answer:

C. 120

Explanation:

The computation is shown below:

                                      (L × K)

<u>Labor L      Capital K   Quantity of Output Q         Total cost TC</u>

1                    2                      2                                       $40

2                   4                      8                                       $80

                                                                   (2 × $20 + 4 × $10)

3                    6                    18                                       $120

                                                                  (3 × $20 + 6 × $10)

4                    8                     32                                      $160

                                                                 (4 × $20 + 8 × $10)

As we can see that if we considered 3 units of labor so the total cost is $120

Hence, the correct option is c.

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A feature of personal selling by salespeople is that it is
dlinn [17]

A feature of personal selling by salespeople is that it is their development of oral conversation.

<h3>What is a Personal selling?</h3>

This refers to a face to face selling technique whereby the salesperson uses an interpersonal skills to persuade the prospective customer in buying a particular product.

However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.

Read more about Personal selling

<em>brainly.com/question/7304387</em>

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4 0
1 year ago
On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rat
Pavlova-9 [17]

Answer:

See explanation

Explanation:

Selling Price of Bonds =396,210

                                  Journal Entry

Date        Account Title and Explanation        Debit       Credit

1 Jan      Cash                                                $396,210  

                        Bond payable                                           $380,000

                        Premium on bond payable                       $ 16,210  

               (To record issuance of bond)

Working

Premium On Bonds Payable = Selling Price of Bonds - Value of Bonds

= $396,210 - $380,000 = $ 16,210  

Interest payment:

Semi-annual interest = 7%× 380,000× 1/2 =13,300

Date        Account Title and Explanation        Debit       Credit

June 30    Bond interest expense                  $13,300                              

                        Cash                                                           $13,300

               (To record semi annual interest paid on bond)

4 0
2 years ago
Kimberli manages employees at Mountaintop Ski Resorts. She has noticed that one of her employees submits via the computer system
serious [3.7K]

Answer:

bureaucratic

Explanation:

Bureaucratic control is not really efficient when the employees are finding ways to stay out of trouble by using tactics that are within the rules.

For example, if they try to beat the system by manipulating performance reports, or if they try to actively resist bureaucratic constraints.

This problem is typical of bureaucratic control.

Hope this helps!

8 0
3 years ago
A 3/1 ARM is made for $150,000 at 7% with a 30 year maturity. Assuming that fixed payments are to be made monthly for three year
sveticcg [70]

Answer:

Monthly paymenty for  $ 997.954

Explanation:

We have to calcualte for the PTM of the mortgage for the first three years at which the rate is fixed:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV $150,000

time 360 (30 years x 12 months)

rate 0.005833333 (7% annual / 12 months)

150000 \div \frac{1-(1+0.005833)^{-360} }{0.005833} = C\\

C  $ 997.954

8 0
3 years ago
On January 1 of this year, Houston Company issued a bond with a face value of $ 10,000 and a coupon rate of 5 percent. The bond
denis-greek [22]

A bond amortization schedule for all three years of the bond's life

principal     10,000      

 interest paid    500      

             

             

 principal use PV of $1 at 4% for 3 years      

             

 10000 * 0.889   = 8890    

             

             

 for interest use PV of an ordinary annuity      

             

 500 * 2.77509  = 1388    

 Issue price of bonds      10278    

             

           

2) 31-Dec   Year 1 Year 2      

             

 interest expense 411 408      

 bond liability  10189 10096  

Learn more about bonds here brainly.com/question/25965295

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7 0
1 year ago
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