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
Which is NOT a major expense category?
bija089 [108]

Answer:

D

Explanation:

Food. Because you can get a Burger for a dollar..

8 0
4 years ago
Read 2 more answers
Financial capital markets bridge the gap between savers and investors: that is, they find ways to take the inflow of funds from
madreJ [45]

Answer: stocks, bank loans, bonds, and other financial investments.

Explanation:

A capital market is a financial market whereby lequity-backed securities are purchased by individuals or firms and also sold.

Financial capital markets bridge the gap between savers and investors: that is, they find ways to take the inflow of funds from many separate financial capital suppliers and transform it into the funds of financial capital demanders desire.

Such financial markets consists of stocks, bank loans, bonds, and other financial investments.

5 0
3 years ago
Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Jan
zysi [14]

Answer:

The expected balance of Accounts Payable on 31 January is $6020

Explanation:

The expected closing balance of Accounts payable will include the amount of payable for purchases made in January which are still outstanding at the end of the month. According to the policy of the company, 50% of a month's purchases will be paid in the following month. Thus, the ending balance of accounts payable will be 50% of January's purchases.

Closing balance of Accounts payable = 12040 * 0.5 = $6020

6 0
3 years ago
At the beginning of the meeting Kira does not properly lead the team during the ______ stage of team development. Therefore; the
AVprozaik [17]

Answer:

forming; storming

Explanation:

The forming is the first stage in group development. At this stage, the members of the group reveal their expectations with respect to the work and share their that skils in which they are perfect so that the work could be allocated easily.

After this finishing this step, the next step is storming in which the members give their suggestions to accomplish a task that has assigned to each member of the group

Therefore as per the given situation, the forming and storming are the correct options.

8 0
4 years ago
The management at GameGuys, Inc. designed a strategy that unifies advertising, personal selling, public relations, and sales pro
alukav5142 [94]

The management of GameGuys, Inc. designed a strategy that unifies advertising, personal selling, public relations, and sales promotion activities, creating a consistent message. This effort to promote a positive brand image represents an integrated marketing communication program.

<h3 /><h3>What is integrated marketing communication?</h3>

They correspond to strategies used in organizations to promote a brand, a product or a relevant message through integrated communications, which are conveyed in different communication channels, to attract a greater number of potential consumers. Some media used are:

  • Social networks
  • TV
  • Radio
  • Newspapers

The objective then of the integrated marketing communication is to generate a reinforcement of a communication that will increase the value of the brand and the perception of the target public.

Therefore, IMC generates a unified strategy through marketing processes, such as identifying the best public relations strategy and audience analysis to identify the best marketing communication, generating positioning for a company.

Find out more about integrated marketing communication here:

brainly.com/question/9696745

#SPJ1

5 0
2 years ago
Other questions:
  • A homeowner has a mortgage balance of $149,570.75. If the interest rate on the loan is 9.5% and the monthly payment is $1,303.55
    10·1 answer
  • Drew is in charge of writing a report for his company that talks about the quality and safety of his company's products, busines
    5·1 answer
  • Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? Assume there
    14·1 answer
  • Every year, General Mills issues a report discussing how the firm has performed against its own standards of conscious marketing
    7·1 answer
  • What type of market entry strategy do you recommend for Burger Time?
    7·1 answer
  • Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inven
    13·1 answer
  • Suppose that Rihanna sells​ 1,000 tickets to a concerts at​ $480 each. If the equilibrium price is​ $600 per ticket for a fixed
    8·1 answer
  • Exxon has the following capital structure: the firm issued 6 million shares of common stock with the stock price in c), the firm
    15·1 answer
  • As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
    12·1 answer
  • Enterprise systems help managers and companies improve their performance by
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!