Determine the optimal number of employees

Reference no: EM131072215

Aerodynamics is a company specializing in the production of bicycle shirts. It has a fixed capital stock, and sells its shirts for $20 each. It pays a weekly wage of $400 per worker. Aerodynamics must maximize its profits by determining the optimal number of employees to hire. The marginal product of each worker can be inferred from the table below. Determine the optimal number of employees. [Hint: you must determine the VMPL schedule, having first computed the MPL.]

Reference no: EM131072215

Questions Cloud

Plot the lorenz curve for gross income to scale : Plot the Lorenz curve for income after taxes have been levied. Note that the total income will now be less than 100 and so you will have to compute the quintile shares using a new total.

Design a network and recommend security features : Design a network to connect the three buildings and recommend security features for this network. You will plan your solution step by step, and then present your overall design to your client

What was price per unit of goods being sold by me fastner co : What was the price per unit of the goods being sold by mE FASTNER co.? Calculate common-size statements for the income statements of THE FASTNER CO. On the basis of this analysis, determine how well the company did.

Compute his earnings for his lifespan : Plot the two earnings functions you have computed. During what year does John pass Ivan?

Determine the optimal number of employees : Determine the optimal number of employees

A strategic view of industrial and organizational markets : What are the chief differences between consumer-goods marketing and business marketing? Use the following matrix as a guide in organising your response! (please be specific)

Determine the optimal employment level for this firm : If the price of output is still fixed at $300, and the productivity of workers is still defined by the data in the second row, draw the VMPL curve, insert the supply limit and determine the equilibrium wage.

Implement a battleship game in python : Assignment Summary: Battleship is a children's game where players guess (x,y) coordinate positions of the opposing player's ship pieces in a 10x10 grid. For the official Hasbro rules and additional game context, read http://www.hasbro.com/common/i..

The marvelous gadget company llc : A strong business plan for the start-up of a new business is essential in bringing in investment and demonstrating a viable idea in an attractive way. The assignment is to present a business plan for setting up a manufacturing plant for small kitc..

User Account

All Pages