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Company XYZ produces bottled water. Internal consultants estimate the company's production function to be Q = 300L2K, where Q is the number of bottles of water produced each week, L is the hours of labor per week, and K is the number of machine hours per week. Each machine can operate 100 hours a week. Labor costs $20/hour, and each machine costs $1000 per week.
Suppose the firm has 20 machines and is producing its current output using an optimal K/L ratio. How many people does the firm employ? Assume each person works 40 hours a week.
Recent technological advancements have caused machine prices to drop. Company XYZ can now lease each machine for $800 a week. How will this affect the optimal K/L ratio (i.e., will the optimal K/L ratio be smaller or larger)? Explain why.
Five interior angles of a six-sided closed polygon traverse are measured as: A=117°20’33”, B=119°47’50”, C=66°36’29”, D=171°52’14”, E=92°55’18”. The angle at F was not measured. If all measurements are assumed to be correct what is the value of angle..
How do you write an application that allows you to enter nine double values and display them and their median. And revise thethe median class so that the user can enter any number of values.
Identify the type of product/service (convenience, shopping, specialty, unsought), and explain in your own words what marketing considerations need to be made for your product/service based on this product classification.
Two confined aquifers are separated by an aquitard as shown in the diagram. The piezometric head difference between the upper and lower aquifer measured along a vertical line is 6.5 m. If the vertical hydraulic conductivity of confining unit is 0.046..
Why is a map legend important? Why does Greenland appear so lard in relation to other landmasses on a map made using a cylindrical projection? What is the function of contour lines on a topographic map?
Is there any website can give me accredited Certificates online forfree? I really want to improve my skills and I need to get exams via theinternet and then get a certificate online in the same time forfree. Any certificate in different fields are fi..
"Some virtue theorists maintain that the development of virtuous character requires the right sort of society and culture. What are the arguments for and against that claim?"
Would you classify these emarkets as “vertical” or “horizontal”? Briefly explain. Would you characterize their value propositions as primarily “demand/supply aggregation” or “inter-firm collaboration”? Briefly explain.
1.a hypothesis test gives a p-value of 0.30. if the significance level alpha 0.05 the results are said to bea
Draw your own conclusion, and support it with facts and with persuasive reasoning, about the impact of these relationships on defense spending.
It has been suggested that there are differences in brain function between pedophiles and non-pedophiles.
What are some evaluations of psychodynamic theory and therapy? What are some of the aspects of psychodynamic theory that may be important to therapists?
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