User Account

All Pages

Compute the total product per day and the marginal product

Assignment Help Business Management
Reference no: EM132256336

Standale Plastics produces plastic dustpans, using a semi-automated system of five machines to produce pans. The amount of labor to tend the machines, repair, adjust input flows, and remove completed pans, is variable, and output tends to follow the formula:

Q = 300L0.6, where Q = units of output produced per day and L = number of daily workers.

(a) Compute the total product per day and the marginal product of labor for the first five workers.

(b) Standale sells the dustpans to retailers at a price of $1 each, and can hire labor at a wage of $125 per day. What is the optimal amount of labor to hire? What is the optimal output of dustpans?

(c) Suppose that the price of the dustpans increases to $1.25. What is the new optimal amount of labor?

Reference no: EM132256336

Questions Cloud

Disadvantages of publicity in firm promotion strategy : Explain how publicity differs from advertising. What are the advantages and disadvantages of publicity in a firm's promotion strategy?
Should you ask your boss if you can use : Should you ask your boss if you can use the money to buy two tickets? Why? In flying or lying in business class
Determine which type of intellectual property law applies : Create new or improved products, services, and works such as movies and albums if others can readily copy and profit from their efforts.
What should be best policy in order to minimize total cost : Manhattan is analyzing the popsicle factory and the distribution to main store in Zapopan. What should be the best policy in order to minimize the total cost.
Compute the total product per day and the marginal product : Compute the total product per day and the marginal product of labor for the first five workers.
What are some challenges that employees have who are : What are some special accommodations if any do employees with disabilities have within the workplace setting?
About involvement vs commitment with people : Talk to me about involvement vs commitment with people on your team? (Project Management).
Perpetuating discrimination in labor markets : What role do consumers play in perpetuating discrimination in labor markets?
Describe at least three preventive measures : Describe at least three preventive measures against data breaches, both physical or digital. Describe (what, how impact) two well-known data breaches.

Reviews

Write a Review

Business Management Questions & Answers

  Leadership and tone setting1 observe two leaders conduct an

leadership and tone setting1. observe two leaders conduct an event. compare and contrast goal articulation talent

  Employee training for technology in the workplace

Show how employee training needs to evolve due to immigration and related cultural changes and In what ways has technology impacted the ways we train employees?

  National association of latino arts and culture

National Association of Latino Arts and Culture

  Training programs in employee development

Question: How do training managers evaluate training programs for effectiveness?

  What is azile method of product development

What is azile method of Product development? How to conduct SWOT analysis for a new product. what is Quality Function Deployment.

  Engage in employee empowerment

Yahoo caused itself trouble when it decided to not engage in employee empowerment.

  What processes and systems can be established

Can you please advise what processes and systems can be established to manage and resolve conflict constructively?

  Select a contemporary issue or topic

Select a contemporary issue or topic related to international sport. You were topic should cut across for an international spectrum. Topic examples include, but are not limited to:  Corporate sponsorship, drug testing, assistive devices, and the incl..

  Differences between staffing in the private sector

What are some differences between staffing in the private sector and staffing in the public sector? What do you think is the most important labor law in the last 50 years or so, and why?

  Recommend reallocating production between these two plants

Given these data, how, if at all, would you recommend reallocating production between these two plants?  Briefly explain why.

  Organizational leadership is concerned about the web server

Organizational leadership is concerned about the web server being compromised and thus allowing the remaining network to be compromised. You want to come up with a solution to host the secure the web server internally, but still protect your netwo..

  Empower diversity-inclusion groups across business

Empower diversity and inclusion groups across the business. Effectively build and manage diversity and inclusion initiatives globally. Coach leaders across the business on progressive ways to enhance diversity and inclusion on their teams

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd