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
Dave Bowers collects U.S. gold coins. He has a collection of 41 coins. Some are​ $10 coins, and the rest are​ $20 coins. If the
taurus [48]

Answer:

1. Dave has 23 ($10 coins) and 18 ($20) coins.

2. Dave has 18 ($10 coins) and 16 ($20) coins.

Explanation:

1.

Let x be the number of $10 coins.

Then, the number of $20 coins will be 41-x.

The equation for the sum of money can be written as:

590 = 10x + 20 * (41-x)

590 = 10x + 820 - 20x

590 - 820 = -10x

-230 / -10 = x

x = 23

This means that Dave has 23 $10 coins and (41-23 = 18) 18 $20 coins that sum up to a face value of $590.

2.

Using the same priciple,

let x be the number of $10 coins

let 34-x be the number of $20 coins

Sum of money equation:

500 = 10x + 20 * (34-x)

500 = 10x + 680 - 20x

500 - 680 = -10x

-180 / -10 = x

x = 18

So, Dave has 18 $10 coins and (34-18 = 16)  16 $20 coins that add up to a face value of $500.

3 0
3 years ago
Read 2 more answers
In which form of business is a single individual responsible for the repayment of any debts? proprietorship. corporation. partne
deff fn [24]
<span>In which form of business is a single individual responsible for the repayment of any debts? Proprietorship. In a </span>proprietorship, a sole person owns a business. Because they are the sole owner they are responsible for paying income taxes on profits earned from the business and also repayment of debt. A proprietorship is the simplest business a person can own and operate under. 
6 0
3 years ago
According to Feiler, what is the good news about families today? What is the bad news and the worst news? Have you witnessed any
Amanda [17]
Good news is when families are happy not arguing with each other. The bad news is when they fight and it messes up the family they separate.
7 0
3 years ago
Which of the following issues can be offered to the public under the 1933 Act?
dedylja [7]

Answer:

Which of the following issues can be offered to the public under the 1933 Act?

1. An exempt security.

2. A security registered under the Act.

Explanation:

The security's act of 1933 was formulated and passed into law in 1933 to protect investors after the stock market crash of 1929. The law had two major objectives; to enable transparency especially in the financial statements so that investors can make decisions after considering all aspects and also to provide regulations against misrepresentation to discourage cases of fraud in the securities markets.

The security's act of 1933 provided legislation on the sale of securities which was initially governed by the state laws. The law required the companies to register with the Securities and Exchange Commission (SEC) for full disclosure to potential investors. The information is provided to SEC and the potential investors in the form of a prospectus and a statement of registration.

The following issues are including in what can be offered to the public under this act, namely;

1. An exempt security.

2. A security registered under the Act.

However, the SEC does not approve a prospectus therefor issue number three is not true.

3 0
3 years ago
Suppose Torche Corporation has the following revenue and expenses for 2019:
OlgaM077 [116]

Answer:

The value of net income is $3,008,000

Explanation:

Income statement:

Revenues= 9,100

COGS= (2,730)

Gross profit= 6,370

Other Expenses= (600)

Sales, General, & Administrative Expenses= (910)

Depreciation Expenses= (500)

Interest Expenses= (180)

EBT= 4,180

Tax= (1,672)

Depreciation= 500

Net income= 3,008

The value of net income is $3,008,000

8 0
3 years ago
Other questions:
  • How do you determine retained earnings at year end
    7·2 answers
  • The baker combined all of the dry ingredients into a mixing bowl. he slowly added the wet ingredients, stirring consistently as
    12·1 answer
  • Which of the following is not one of the factors to consider in determining whether a business entity meets the definition of a
    8·1 answer
  • A circular flow model shows the interrelationship between the​ ____ markets and the​ ____ markets. A. ​goods; factor B. ​expendi
    14·1 answer
  • An example of an external document that provides reliable information for the auditor is​ a(n) A. purchase order for company pur
    12·1 answer
  • Rebecca began taking
    8·1 answer
  • In addition to the legislators and the governor, there are others involved in the lawmaking process during both regular and spec
    5·1 answer
  • Recapitalization Currently, Forever Flowers Inc. has a capital structure consisting of 25% debt and 75% equity. Forever’s debt c
    12·1 answer
  • Mention two benefits of positive values at the work place​
    8·1 answer
  • Providing and recording documents are performed by:____________.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!