User Account

All Pages

How many people should be employed to maximize profit

Assignment Help Finance Basics
Reference no: EM131017273

The owner of the car wash believes that the relationship between the number of cars washed and labor input is Q = -0.8 + 4.5L - 0.3L2, where Q is the number of cars washed per hour, and L is the number of people employed per hour. The firm receives $5 for each car washed, and the hourly wage rate for each person employed is $4.5. Assume that other costs are negligible.

A. How many people should be employed to maximize profit?

B. What will be the firms hourly profit?

Reference no: EM131017273

Questions Cloud

A 35 year-old female has had two siblings die of tay : A 35 year-old female has had two siblings die of Tay Sachs disease. What is the risk she is a heterozygous carrier of the disease causing gene?
Determine the value of the energy gap : How closely the diode follows the ideal diode equation. Determine the value of the energy gap, Eg, and hence state the likely type of semiconductor used to make the diode.
Are any levels not useful when applying system safety : What levels of the hierarchy of controls are most applicable to system safety? Are any levels not useful when applying system safety? Provide one or more examples that support your respons
What options do you believe the employer has : If OSHA determines that an employer's response to a non-formal complaint is adequate, what options does the employee filing the non-formal complaint have?
How many people should be employed to maximize profit : The owner of the car wash believes that the relationship between the number of cars washed and labor input is Q = -0.8 + 4.5L - 0.3L2, where Q is the number of cars washed per hour, and L is the number of people employed per hour. How many people ..
The autosomal recessive disorder phenyketonuria or pku : The common ancestor in the first generation has the autosomal recessive disorder phenyketonuria or PKU.  There was a marriage between second cousins with an impending birth.  Calculate the inbreeding coefficient for this child.
Determine the security and networking issues : Take a position on the idea of IPv6 being hailed as the next generation of the Internet. Support your response with evidence or examples. Critique the adoption and deployment of IPv6, and determine the security and networking issues associated with..
The company has just opened a new plant to manufacture : McCracken Aerial, Inc., produces and sells a unique type of TV antenna.
How many points did louisa score : Together, Louisa and Jill scored more than 30 points in the basketball game. If Jill scored 12 points, how many points P did Louisa score?

Reviews

Write a Review

Finance Basics Questions & Answers

  The schmeddley discount department store has approximately

1.the schmeddley discount department store has approximately 300 customers shopping in its store between 9 a.m. and 5

  What is the firm dividends per share

The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over..

  As the leader of the change project in an immature

can anyone do this for me right now?? it does not have to be long at all. maybe like 3 sentences for both questions.

  The payment of accounts payables

Given the components of each cycle, can you think of strategies that can be used to shorten the length of either cycle? In addition, what are your thoughts regarding strategies on the management of disbursements in order to impact the cash cy..

  Discusses the role of the federal reserve board

As a new employee of the bank, you have been asked to prepare a research paper that discusses the role of the Federal Reserve Board. Specifically, your research paper will:

  Calculate the tax on the sale of each asset.

Capital gain taxes Perkins Manufacturing is considering the sale of two nondepreciable assets, X and Y. Asset X was purchased for $2,000 and will be sold today for $2,250. Asset Y was purchased for $30,000 and will be sold today for $35,000...

  Discuss the purpose of measures of variability

Discuss the purpose of measures of variability. Describe some commonly used measures of variability in your discussion.

  Comparison of private and public debt offering

The Landers Corporation needs to raise $1 million of debt on a 25-year issue. If it places the bonds privately, the interest rate will be 11 percent. Which plan offers the higher net present value? For each plan, compare the net amount of funds ini..

  If the appropriate required rate of return for adms stock

the current price of adms stock po is 20 and the company is expected to pay a 2.20 dividend next year. if the

  If the current market value of the equity is 25 million

lamont corp. uses no debt. the weighted average cost of capital is 11 . if the current market value of the equity is

  What is expected annual growth rate of the company

a company has stock which costs 42.00 per share and pays a dividend of 2.50 per share this year. the company's cost of equity is 8%. what is expected annual growth rate of the company's dividends?

  Floral bouquet needs to raise 21 million to expand its

floral bouquet needs to raise 21 million to expand its operations nationally. the company will sell new shares of

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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