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
bonufazy [111]
3 years ago
5

The production function for laser eye surgery is given by Q = 20K0.5L0.5, where Q is the number of laser eye surgeries performed

per day, K is the number of eye surgery machines (which is fixed at 2 in the short run), and L is the number of employees. The marginal product of labor for L = 3 is ____.
Business
1 answer:
Naddika [18.5K]3 years ago
7 0

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

You might be interested in
A customer’s order was never filled because an order entry clerk transposed the customer identification number while entering th
Stells [14]

Answer:

The correct answer is C. Validity check.

Explanation:

Identifying possible errors in real time, as the process progresses through the warehouse, allows you to make the necessary adjustments at the moment and reduces the time and resources dedicated to correcting faults. Intermec 2D and RFID portable barcode technologies improve the accuracy of storage processes and preparation of orders to such an extent that many companies can do without the step of verifying orders in the loading process.

6 0
3 years ago
Read 2 more answers
EA13.
navik [9.2K]

Answer:

Journal entries for the  

Completion of Job 113

Debit Finished Good/Inventory Account     $ 5000

Credit WIP JOB 113 Account                         $ 5000

(In words we will debit finished good account by shifting work in process related to the job 113 in it)

Journal entries for the  

Completion and sale of Job 85

Debit Finished Good/Inventory Account     $ 3000

Credit WIP JOB 113 Account                         $ 3000

For sales following two entries will be passed.

Debit Cost of Good Sold Account                    $ 3000

Credit Finished Good/Inventory Account        $ 3000

Debit Cash (or Receivable if credit sale)          $ 4500

Credit Sales Account                                         $ 4500

6 0
3 years ago
Maxim Company had the following partial listing of accounts and balances at year-end: Cash, $7,000; Accounts Receivable, $6,000;
MrRissso [65]

Answer:

B. $23,000

Explanation:

Recall that, assets are resources that an individual or an organization has which have future economic value that can be measured,

Thus,

Total current assets = Cash + account receivable + supplies + prepaid rents + inventories.

Therefore

Total current assets = 7000 + 6000 + 1000 + 4000 + 5000

= $23,000

Note: Land is not included in CURRENT asset. Land are longterm assets.

3 0
3 years ago
Read 2 more answers
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient
RSB [31]

Answer:

1. Cost of the old X-ray machine - SC

2. The salary of the head of the Radiology Department - None

3. The salary of the head of the Pediatrics Department - None

4. Cost of the new laser printer - DC

5. Rent on the space occupied by Radiology - None

6. The cost of maintaining the old machine - DC

7. Benefits from a new DNA analyzer - OC

8. Cost of electricity to run the X-ray machines - DC

Where,

SC - Sunk cost

DC - Differential cost

OC - Opportunity cost

8 0
3 years ago
As the president of Chip City a chain of home electronic stores, you are struggling with ways to attract customers to your store
alexdok [17]

Answer:

Loss-leader pricing

Explanation:

Loss leader pricing can be defined as a marketing strategy that entails selecting some retail products that is going to be sold below cost. This means that the retailer will not make any profit from the products being sold because the goods are being sold below the actual price.

This is done in order to get customers in the door. It is a method of enticing buyers to purchase your products.

This stategy attracts news customers because goods are being sold at significant discount to market price.

3 0
3 years ago
Other questions:
  • Julie is developing a budget for her firm's IMC program. First she sets objectives. Then she chooses media, and finally she dete
    6·1 answer
  • Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 yea
    10·1 answer
  • A property management group is interested in diversifying its company to operate properties for low-income housing, but the grou
    13·1 answer
  • What do you call an economy in which the government- ideally- has nothing to say about what, how, and for whom goods are produce
    5·1 answer
  • If real GDP​ increases, A. the money demand curve shifts to the right. B. there is a movement down along a stationary money dema
    13·1 answer
  • The top management of Wisniewski Automobile Parts Inc. has decided that the company's objective for the next two years will be t
    15·1 answer
  • We are trading a large amount of goods with a Thai customer, and the customer is requesting full payment in L/C, as they have be
    14·1 answer
  • Last summer, Fabia applied for three jobs. The first required a resume, but nothing else. The second required both a resume and
    12·1 answer
  • The contribution margin ratio for Product Beautiful was 40%, its sales were $140,000, and its segment margin was $47,000. Q) If
    14·1 answer
  • You want to know if part time employees become more or less happy with their employment over time. Thus, you give a questionnair
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!