Find the point of diminishing returns

Assignment Help Basic Computer Science

Reference no: EM131790104

Production suppose that the total number of units produced by a worker in t hours of an 8-hour shift can be modeled by the production function P(t);

P(t) = 27t + 12t² - t³

(a) Find the number of hours before production is maximized.

(b) Find the number of hours before the rate of production is maximized. That is, find the point of diminishing returns.

Reference no: EM131790104

Questions Cloud

Productivity-diminishing returns : The figure is a typical graph of worker productivity as a function of time on the job.

Discuss calendar-year taxpayer who operates a business : Rebecca is a calendar-year taxpayer who operates a business. She made the following business-related expenditures in December of year 0.

Growth of a population as a function of time : Population growth The figure shows the growth of a population as a function of time.

Prepare quarterly balance sheets for hanson ski products : Project the size of the commercial bank loan. Prepare quarterly balance sheets for Hanson Ski Products for June 30, 1986, Sept 30 1986, and Dec 31, 1986.

Find the point of diminishing returns : Find the number of hours before the rate of production is maximized. That is, find the point of diminishing returns.

Prepare the journal entry to record the truck purchase : Chavez Corporation purchased a truck by issuing an $80,000, four-year, non-interest-bearing. Prepare the journal entry to record the truck purchase.

Create a classified balance sheet in good form : create a classified balance sheet in good form for the year ended 2012

Indicate which variable you think should be the predictor : You have data collected on the amount of time since chlorine was added to the public swimming pool and the concentration of chlorine still in the pool.

Calculate the balance of retained earnings : Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2012

User Account

All Pages