The marginal product of labor is 10.
Data and Calculations:
Production function = Q = 20K0.5L0.5 = 20 x K x 0.5 x L x 0.5
Where:
Q = number of surgeries per day
K = number of machines
L = number of employees
Assuming that:
K = 2
L = 2
Therefore, Q1 = 20 x 2 x 0.5 x 2 x 0.5
= 20 surgeries per day
Q2 = 20 x 2 x 0.5 x 3 x 0.5
= 30 surgeries per day
Change in productivity = 10 (30 - 20)
Change in labor = 1 (3 - 2)
Marginal product of labor = change in output / change in labor
= 10 (10/1)
Thus, the marginal product of labor for the production function is 10.
Learn more: brainly.com/question/4186143
Answer:
Instructions are below.
Explanation:
Giving the following information:
Job 765:
Direct material= $5,670
Direct labor= $3,500
Machine Hours= 27
Job 766:
Direct material= $8,900
Direct labor= $4,775
Machine Hours= 44
Job 765 produced 152 units, and Job 766 consisted of 250 units.
Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour.
Costs sheet:
<u>Job 765:</u>
Direct material= 5,670
Direct labor= 3,500
Allocated overhead= 200*27= 5,400
Total cost= 14,570
Unitary cost= 14,570/152= $95.85
<u>Job 766:</u>
Direct material= 8,900
Direct labor= 4,775
Allocated overhead= 200*44= 8,800
Total cost= 22,475
Unitary cost= 22,475/250= $89.9
Answer:
JOIN MY ZOOM 528-468-7585
Explanation:
1) They are young and not so smart o( just a saying), 2) They think they will be rich forever and forever be on top of the world, 3) Ignorance or following the wrong financial advice, 4) Instead of them wisely taking care of their finances, they put it in other people's hands, who of course abuse it as well or take advantage. :)
I cannot see the questions can you please get closer
