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

  Assignment-leadership and motivation

The previous manager used a transactional leadership approach, which has been relatively ineffective. Evaluate one leadership style and describe which you would take.

  Computing the firm required return

Suppose a firm's price/earnings ratio is 10. It expects to pay a dividend of $1.20 per share to maintain a 60 percent payout ratio. What is the firm's required return if its return on equity is 13.5 percent?

  Calculate neal expected roe

Round your answers to two decimal places at the end of the calculations.

  Perform a hypothesis test of p1 equals to p2 with a 5 percnt

Two different simple random samples are drawn from two different populations.  The first sample consists of 20 people with 10 having a common attribute.  The second sample consists of 2000 people with 1404 of them having the same common attribute. 1...

  Foreign currency hedge-existing receivable

Prepare journal entries to record the receivable from the sales transaction and the forward contract on April 1. Prepare journal entries to record collection of the receivable and settlement of the forward contract on May 30

  Compute the future value

Compute the future value of income

  History tells us that a group of dutch colonists purchased

history tells us that a group of dutch colonists purchased the island of manhattan from the native american residents

  Current market prices of the securities

1. Calculate the firm's after tax cost of debt, preferred stock, and common stock for newly issued securities and the cost of its retained earnings. 2. Calculate the appropriate weights for each form of financing based on the current market prices ..

  Example of a product or service

Give an example of a product or service where the target customer is part of the supply chain.

  Calculate the apr of your investment

Calculating Returns: You bought a stock 3 months ago for $24.87 per share. The stock pays no dividends and is currently priced at $26.35. Calculate the APR of your investment? The EAR?

  Technical sales inc has 66 percent coupon bonds on the

technical sales inc. has 6.6 percent coupon bonds on the market with 9 years left to maturity. the bonds make

  What is insider trading and why is it forbidden

What are the four major provisions of the Clayton Act and what types of activities do these provisions prohibit? List all four and describe the activities each prohibits.

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