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)
The practical consequenses of Incorporation
What are the types of formal participation? Types of formal participation: (a) Ascending participation: Here elected representative of employees participate into managem
QUESTION 1 What is meant by inventory? 2 Name the typical items carried in inventory 3 What are the assumptions for the Economic Order Quantity (EOQ)? 4 What are the c
QUESTION (a) Describe briefly five strategies for success in e-Business. (b) List five measures to ensure security in e-Business. (c) Explain the term m-Commerce. Describ
What are the Principles of Organization? Some common principles are: a. Consideration of objectives b. Relationship of the fundamental components of the organization c
You must create a fictituous supply chain (loosely based on a real world system) that has at least three companies A, B and C. Each company will have its own ordering, invoice and
Heineken NV is one of the world's largest beer producer, selling more beer outside the United States than its closest competitors, Anheuser-Busch and SABMiller. In 2002, only 14% o
What is product Mix?
Question: a) Environmental accounting is an important tool for understanding the role played by the natural environment in the economy. Briefly discuss two crucial factors on
What are types of Entrepreneur on the basis of ownership? Classification on the Basis of Ownership: a. Founder or "Pure Entrepreneurs": Such individuals who are the f
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