Already have an account? Get multiple benefits of using own account!
Login in your account..!
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!
How to minimize a 2-variable cost function
A company uses skilled and unskilled labor to do a particular construction project. The cost of doing the project depends on the number of hours of skilled labor and the number of hours of unskilled labor used, the relationship being:
Where C is the cost (in thousands of dollars), X is the number of hours (in thousands) of skilled labor, and Y is the number of hours (in thousands) of unskilled labor.
*Find the number of hours of skilled labor and the number of hours of unskilled labor that minimized the cost of doing the project.
*If a license has to be purchased costing $2000 to do this project (and the cost of this license is not included in C), will this alter the answer to part a? If so, how will the answer change?
You are a financial adviser to a U.S. corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan.
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
Which of the following is true for perfect competition, monopolistic competition, and monopoly?
Consider the Figure below that represents a perfectly competitive firm
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
Compute the trucks net book value at the end of its third year of use under each depreciation method.
The following quotations are from an article in the Financial Times on November 9, 2007:
You are given the following information about the personal computer (PC) industry: Find the NRP and the ERP. Show all calculations and formulas.
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
Illustrate what is the impact of these ratios on the level of new money that can be created given a $100,000 cash deposit into the banking system.
Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.
Jim is considering quitting his work and utilizing his savings to start a small business. He expects that his costs will consist of a lease on the building, inventory, wages for two workers, electricity and insurance.
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!
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd