Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A bottling company uses two inputs to assemble bottles of the soft drink Squish: bottling machines and workers. Running the bottling machine is an imperfect substitute for the labor performed by the workers. The production function is:
q = 100 K1/4 L½
The implicit rental rate plus hourly operating cost of the machine is r = $15 per hour; and the workers each earn w = $20 per hour.
The current level of input use for the production of q=1000 bottles is:
K=16 machine hours and L=25 labor hours.
Question: Is this firm producing at minimum cost? If it is minimizing costs, explain why. If it is not minimizing costs, explain how the firm should change its input use to lower its costs.
For full credit, you must discuss the two efficiency conditions for minimizing cost. That is:
Is the bundle technologically efficient? (yes/no/why or why not)
Is it economically efficient? (yes/no/why or why not)
QUESTION 1 (a) List down and explain 2 main and distinct strategies you would adopt to settle a given conflict in your organisation. (b) Name and explain clearly 2 positive
There is always variation in demand and supply of product. The protection against such unpredictable variations can be done by means of buffer stocks. a. Changes
How is the responsibility and authority affected in the organisation? Responsibility and Authority: Responsibility implies accountability. This is the obligation of the s
What is Labour Turnover? Labour Turnover: Labour turnover considers as the movement of workers within and out of an organisation. This may be described as the time-to tim
Hyper-competitive strategies admit the bases of competitive benefit may not be sustainable and that disruption of the status quo may be significant.
The Williams & Wiley partnership has two partners and each partner has $50,000 invested in the firm. Woods is admitted to the partnership for one-third interest and invests $80,000
Compare various types of quality audits, and recommend TWO (2) types of audits suitable for the subject. Explain how those audits can help to assess whether subject's quality effor
QUESTION 1 (a) Write brief notes on the following: (i) Dictionaries, (ii) Encyclopaedias (b) On what occasions would you use them? (c) Name a few that are found in librar
Inspection planning can start after the product specification is finalized. First job in the inspection planning is to identify the characteristics which are to be checked
The system analyst must understand the existing problems and strengths and weaknesses of the existing system. Other activities comprise identifying the overall implications and ben
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd