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-The owner of a car wash is trying to decide on the number of people to employ based on the following short-run production function: Q = 6L - 0.5L2
- Where Q = Number of car washers per hour L = Number of workers
-Generate a schedule showing total product, average product, and marginal product, Plot this schedule on a graph.
-Suppose the price of basic car wash (no undercoating, no waxing treatment, etc) in his area of business is $5. How many people should he hire if he pays each worker $6/hour?
-Suppose he considers hiring students on a part-time base for $4/hour. Do you think he should hire more workers at this lower rate? Explain.
During an audit software development organization, an auditor found that the organization did not properly follow industry best practices including peer review and board approval prior to moving application into the production environment. The aud..
What is a Lag effect and what are effects on the economy. What is an example for it?
How MUCH of the first months payment will go toward PRINCIPAL reduction of the mortgage?
The primary reason women tend to be paid less than men on average is: The expected rate of profit is greater than the interest rate.
Choose any article from the newspaper, magazine or internet pertaining to macroeconomics (U.S. Unemployment). Express your opinion using first person singular case: I agree or disagree with the article either totally,partially or do not agree. Justif..
Single exponential smoothing models differ from moving average models in that. moving average models use weighted averages of the data whereas single exponential smoothing models use simple averages. single exponential smoothing models use weighted a..
If direct material and labor cost is not the major component in the cost structure, it is more appropriate to use activity based costing to allocate the overhead cost. By life cycle viewpoint, salvage value summarizes all the costs and revenues occur..
A bank has $500 million in checkable deposits, $600 million in savings deposits, $400 million in small time deposits, $950 million in loans to businesses, $500 million in government securities, $20 million in currency, and $30 million in its reserve ..
A proton is trapped in an infinite square well of width 15.0 nm. Assuming that the system is in the n = 2 state, calculate the probability of finding the proton
Demonstrate a critical understanding of the standardization vs adaptation debate in International Marketing. Make reference to positives and negatives from organisational and consumer perspectives.
Suppose that the technology for producing a good improves so that production is less expensive. Please show how this impacts on consumer surplus and producer surplus.
How does the company of A.P Nichols describe the dependence and influence of their structure on their organization's ability to achieve its goals? Explain
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