What is the best allocation of workers between the two plant

Assignment Help Finance Basics
Reference no: EM131145433

Suppose you manage a firm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number of workers employed in plant 2. Given that you have 1,000 workers, what is the best allocation of workers between the two plants?

Reference no: EM131145433

Questions Cloud

A. how many spaghetti dinners should the firm make each day : a. How many spaghetti dinners should the firm make each day? b. What if the firm has avoidable fixed costs of $1562.50? c. What is the firm's supply function if there is no avoidable fixed cost? d. What is the supply function if the firm has avoidabl..
Which economic systems would be most suitable for a country : Which economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy? Since Canada is the #1 trading partner with the USA, focus specifically on Canada.
Explain in terms of the environmental kuznets curve : Explain in terms of the environmental Kuznets curve.
What effective control systems does health care organization : What effective control systems does a health care organization have in place to ensure that different people with varying professional commitments and approaches are consistent with the organization's mission in a patient-centered environment?
What is the best allocation of workers between the two plant : The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number of workers employed in plant 2. Given that you have 1,000 workers, what is the best allocation of workers between the two plants?
Discuss the effect that this event will have on the company : Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast.
How would you set about analysing the situation : You are faced with a situation you feel may be unethical. How would you set about analysing the situation? Think carefully about the ethical analysis process, not the potential ethical dilemma.
Why might defenders argue that such tariffs are legal : Compare this situation to the argument over carbon tariffs. Why might defenders argue that such tariffs are legal? What objections can you think of?
How many different ways can those 5 numbers be selected : In South Carolina Palmetto Cash 5 lottery game, winning the jackpot requires that you select the correct 5 numbers between 1 and 38. How many different ways can those 5 numbers be selected?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the expected growth rate of dorpac dividends

Suppose DFB instead paid a dividend of $4 per share this year and retained only $1 per share in earnings. If DFB maintains this higher payout rate in the future, what stock price would you estimate now? Should DFB raise its dividend?

  Develop an investment policy statement for your client

Develop an investment policy statement for your client. Calculate and interpret the arithmetic mean, holding period return, variance and covariance (correlation) of asset returns based on 5 year historical data.

  Walden acquisition-able corporation

Able corp. is a power tool company with critical issues. They've no knowledge of their market share, the size of the market nor the dynamics that drive the market in their line of business.

  Using the wsj or ibd look up the following stocks general

using the wsj or ibd look up the following stocks general electric ford motors microsoft and intel and answer the

  Compare long-term instruments and short-term risks

Compare long-term instruments and short-term risks, in terms of the various types of risk to which investors are exposed. Explain your answers.

  Chiks chickens has average accounts receivable of 6333

chiks chickens has average accounts receivable of 6333. sales for the year were 9800. what is its average collection

  Essay on the influence of entrepreneurship in health care

Write a 1,050-word essay on the influence of entrepreneurship in health care. Include the following in your essay:

  Present value of growth opportunities

Should the management adopt the payout policy described in c above? Why or why not? Under the 40 percent plowback policy, what is the present value of growth opportunities?

  How much of the first loan payment is interest

You just acquired a mortgage in the amount of $249,500 at 5.8 percent interest, compounded monthly. Equal payments are to be made at the end of each month for thirty years. How much of the first loan payment is interest? (Assume each month is equa..

  How long does it take your deposit to triple

If your bank pays you 3% interest rate annually on your deposit, how long does it take your deposit to triple?

  Value of martell minings stock

If D0=5 and r=9%, what is the value of Martell Minings stock?

  What was the average price paid by stephanie

To use the Internal Revenue Service's average cost basis method of determining the average price paid for one share, begin by calculating the average price paid for the shares.  In this instance, the $2000 is divided by 215 shares (125 shares + 50 sh..

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!

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