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)
Ask question #compare and contrast interview and questionnaires as primary sources of collecting data#
QUESTION 1 (a) Explain the term "Team". (b) Elaborate on the characteristics of effective teams. (c) Discuss the benefits of effective teams to an organisation. QUEST
Organisational Planning tool a) Opportunity cost refers cost calculated in terms of the next best alternative choice that is predetermined when a decision is made. In this case
QUESTION Mauritius Institute of Technology (MIT), is a well-established private tertiary education institution located in Moka. The MIT operates two faculties with around ten d
reason to start-up foundation company
QUESTION 1 (a) Describe the 5 main E-Business Models (b) An important step in developing an E-business strategy is to evaluate the E-Business implementation strategy. Descri
(a) Based on the concept of ‘procedural rationality' discuss how various types of Business Intelligence techniques may improve specific aspects of the organisational decision makin
CONDUCT A JOB ANALYSIS FOR NEW MANAGER
hello, am currently taking up my masters thesis and my panelist advices me to use walton model as the main subject of my research paper...i would like to ask for help in the guidel
QUESTION (a) Discuss why effective communications are particularly important in project teams and give examples of formal and informal communication channels that are likely to
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