Cost of processing the payroll, Mechanical Engineering

The processing of payroll for the 10,000 workers in a large rm can either be done using 1 hour of computer time (signed by K) and no clerks or with 10 hours of clerical time (signed by L) and no computer time. Computers and clerks are perfect substitutes; for instances, the rm could also process its payroll using 1/2 hour of computer time and 5 hours of clerical time.

a. Draw the isoquant that shows all combinations of clerical time and computer time that permits the rm to process the payroll for 10,000 workers.

b. Assume computer time costs $5 per hour and clerical time costs $7.50 per hour. What are the cost-minimizing choices of L and K? What is the minimized total cost of processing the payroll?

Posted Date: 3/21/2013 3:28:06 AM | Location : United States







Related Discussions:- Cost of processing the payroll, Assignment Help, Ask Question on Cost of processing the payroll, Get Answer, Expert's Help, Cost of processing the payroll Discussions

Write discussion on Cost of processing the payroll
Your posts are moderated
Related Questions
Q. Describe about Water disposal system? Disposal water from the Evaporator Package is cooled down to 50°C by the Disposal Cooler and is sent to Disposal Water Tank(s). Disp

a petrol tanker uses gravity to empty its 35kl tank in to an underground storage tabk. the hose that is used has a roughness equivalent to galvanised iron, has an internal diameter

Q. Selection of metallic materials? This Engineering Practice has been written to assist those involved in the construction of new equipment and for the maintenance of existing

Occupational Safety Acts The occupational safety Acts are intended to cover every employees (even if single) and all kinds of employers from manufacturing and construction to

Explain the Evaluation Phase of auger shaft Evaluation Phase of auger shaft Steps: 1. To judge the ideas generated in the creation phase for ability to meet the required

Q. Design the Nozzle Connections ? Nozzle design shall be such that if the actual combined thickness of the shell or head and reinforcing pad exceeds 50 mm, either integrally r

a) Define Economics Order Quantity. Derive, using neat diagram, the mathematical formula for economic order quantity. b) The purchase manager of an industrial unit is placing on


Explain Degree of Freedom - Jig and Fixture The complete location of components inside a jig or fixtures can be understood with the help of figure. The work piece is a

Piston Rings: Piston rings (Figure), fitted into the grooves around the piston, provide a tight sealing effect between the piston and the cylinder wall thus preventing leakage of