Cost of processing the payroll, Mechanical Engineering

Assignment Help:

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?


Related Discussions:- Cost of processing the payroll

Plates-battery components , Plate : These are also known as electrodes. Th...

Plate : These are also known as electrodes. There are two types of group of plates - Positive and Negative. Each group contains more than one plate. A group of positive plates is

Determine sliding velocity, a) A pair of 20 degree full depth involute spur...

a) A pair of 20 degree full depth involute spur gears having 30 and 50 teeth respectively of module 4mm are in mesh. The smaller gear rotates at 1000 rpm. Determine- 1) Contact

Define the types of clamping device, Define the Types of Clamping Device ...

Define the Types of Clamping Device Clamping screw. Hook bolt clamp. Lever clamp.   a) Bridge clamp. b) Heel clamp. c) Swinging strap clamp. d) Hi

A solid sphere is rotating in free space, A solid sphere is rotating in fre...

A solid sphere is rotating in free space. If the radius of the sphere is increased keeping mass same  which one of the following will not be affected? Solution) In free space, nei

Separator-battery components , Separator:   Separator works as insulator b...

Separator:   Separator works as insulator between positive and negative plates. These separators are placed between each pair of plates.

Concept of plane stress, Concept of plane stress: Define the concept ...

Concept of plane stress: Define the concept of plane stress. Sol.:   In cubical element of strained material is acted on by stresses acting on only 2 pairs of parallel plane

Explain principle of design of jig and fixture, Explain Principle of Design...

Explain Principle of Design of Jig and Fixture While designing jigs and fixtures following considerations should kept in mind: Reduction of idle time. Rigidity

Calculate the response of the system, A Spring - mass system which is subje...

A Spring - mass system which is subjected to a harmonic force FCoswt. calculate the response of the system, refer figure Given x (0) = 0.01 m x(0) = 0.04 m/sec w = 30 rad/

What is floating foundations, What is Floating Foundations The settlem...

What is Floating Foundations The settlement of  foundations can be reduced if the applied load is compensated by excavation of a basement. This basement may be in the form of

What are the demerits and merits of sliding mesh gear box, (a ) What are th...

(a ) What are the demerits and merits of sliding mesh gear box? (b) Show a four speed gear box, including reverse speed for a passenger car and illustrate how the speed ratio is

Write Your Message!

Captcha
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