What is the marginal input costs in this situation

Assignment Help Operation Management
Reference no: EM131682828

Assume the price of corn is $3.00 per bushel, no matter how much you produce, and nitrogen costs .60 cents pe pound, no matter how much you buy.

a) What is the marginal revenue in this situation?

b) What is the marginal input costs in this situation?

Reference no: EM131682828

Questions Cloud

What is the purpose of strategic objectives : What are strategic objectives? What is the purpose of strategic objectives? What makes an effective strategic objective?
What are the consequences for corporate governance : Companies outside the United States often have two classes of stock outstanding. One class of shares is voting and is held by the incumbent managers.
Identify the opportunities to decrease energy consumption : Assignment - Analyse energy efficiency in a given set up. Identify the opportunities to decrease energy consumption
What are the key planning factors for competitive success : What are the key planning factors for competitive success?
What is the marginal input costs in this situation : What is the marginal revenue in this situation? What is the marginal input costs in this situation?
Process commence in strategic planning and implementation : Where would this process commence in strategic planning and implementation?
Project management and quality management compliment : How do project management and quality management compliment each other?
Identify at least five dimensions of diversity : Identify at least five dimensions of diversity and discuss the value of team diversity.
Manufacturer representatives and outside sales forces : Electronic access to manufacturer's inventory helped transform the effectiveness of manufacturer's representatives and outside sales forces.

Reviews

Write a Review

Operation Management Questions & Answers

  What are the bottleneck activity

What are the bottleneck activity? What are the maximum number of people that can be vaccinated per hour?

  A report with an assessment of the company investing

Consider the conditions in which it would make sense for the corporation to invest and manage its own fleet of trucks, as well as the benefits of not investing.

  Explain frustration and un-satisfaction

Tom and Jerry are friends who work as marketing managers for different companies in the food industry. Upon a recent discussion, Tom discovered that Jerry's salary was nearly 20% higher than Tom's salary. Using the equity theory, how would you explai..

  What is the economic production lot size

What is the economic production lot size? The economic production lot size is cartridges.

  What happens to the budget line if the government applies

What happens to the budget line if the government applies a specific tax of $1 per a gallon of gasoline but does not tax other goods? What happens to the budget line if the tax applies only to purchase of gasoline in excess of 10 gallons per week?

  What is groupthink

What is groupthink? Why can groupthink be detrimental to effective group functioning?

  Flow of the new product development

You are interviewing for a product manager's position at a great company. Tell me how a new product is to be developed. You will be measured on your understanding of the "flow of the new product development" and its comprehensiveness.

  Concerning the cash flow-production cycle

Which of the following statements concerning the cash flow-production cycle is true?

  What drives this particular supplier to be in each quadrant

Explain and identify what drives this particular supplier to be in each quadrant.

  Make final hiring decisions

How will you develop the selection plan to be used to make final hiring decisions? Consider and discuss three (3) decisions you must make.

  How might the definition of quality apply to an organization

How might the definition of quality apply to an organization you know. Provide examples of consumers, external customers and internal customers, and ways in which their expectations can be met or exceeded.

  Discrete state control device and describe a technique

Choose a discrete state control device and describe a technique for determining if the device is working properly or not and some strategies for troubleshooting. You might want to mention the equipment you would use, since you would be working with d..

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