If LRTC is 100q-10(q)(q) +(q)(q)(q) then the LRAC is ......... , the LRMC=..............and the MC cuts the LRAC at q=............... and LRAC of ...........
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If LRTC is 100q-10(q)(q) +(q)(q)(q) then the LRAC is ......... , the LRMC=..............and the MC cuts the LRAC at q=............... and LRAC of ...........
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- The number of welfare cases in a city of population p is expected to be W = 0.003p4/3. If the population is growing by 900 people per year, find the rate at which the number of welfare cases will be increasing when the population is p = 1,000,000. ___________ cases per yrIf LRTC is 100q-10(q)(q) +(q)(q)(q) then the LRAC is ......... and the optimal size of the firm is.........Q4 A business manager determines that t months after production begins on a new product, the number of units produced will be P thousand,where P(t) =6?2 + 5? /(? + 1)2 production in the long run (i) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at a distance x meters from the rupture.Turbulence makes it difficult to directly measure the thickness of the slick at the source (where x = 0),but for x > 0,it is found that y =0.5(x2 + 3x)/ x3 + x2 + 4x Required:a)Assuming the oil slick is continuously distributed,how thick would you expect it to be at the source?
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- It is well established that indoor air quality (IAQ) has a significant effect on general health and productivity of employees at a workplace. A study showed that enhancing IAQ by increasing the building ventilation from 5 cfm (cubic feet per minute) to 20 cfm increased the productivity by 0.25 percent, valued at $90 per person per year, and decreased the respiratory illnesses by 10 percent for an average annual savings of $39 per person while increasing the annual energy consumption by $6 and the equipment cost by about $4 per person per year (ASHRAE Journal, December 1998). For a workplace with 120 employees, determine the net monetary benefit of installing an enhanced IAQ system to the employer per year.The cumulative learning curve coefficient CLCC(20, 0.8) is defined as follows:a. the cost to produce 20 units in a process with c(1) = 1 and a learning rate of 0.8.b. the cost to produce one unit in a process with c(1) = 20 and a learning rate of 0.8.c. the cost to produce one unit in a process with c(1) = 1 and a learning rate of 0.820.d. the cost to produce the 20th unit in a process with c(1) = 1 and a learning rateof 0.8.Question Management of AG Travel and Tour has identified two groups of individuals thatwould be interested in the vacation package consisting of room and board and/orentertainment. The maximum amount that group 1 is willing to pay for room andboard is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although AG Travel and Tour is not able to identifymembers of either group, it does know that each group values the components ofthe package differently. Assuming there are an equal number of members in eachgroup and that the total membership in each group is a single individual. If themarginal cost of providing the service (room and board and/or entertainment) toeach group is GHC 1000. i. How much will the hotel charge members of each group for the vacationpackage if it could identify the members in each group?ii. How much will the profit for AG Travel and Tour be? iii. Since AG…
- Identify the following variables as either discrete or continuous: (a) The number of times heads comes up in 100 tosses of a coin (b) The number of accidents occurring in a specified section of a freeway (c) The weight of boxes shipped from an Amazon warehouse (d) The concentration of carbon dioxide in the air of San Diego versus time (e) Optimistic, most likely, and pessimistic estimates of salvage valuepls solve this ques within 20-30 minutes with a deep explanation I'll give you multiple upvotes..Cobb-Douglas production function Q = Lβ1Fβ2Bβ3 Where L = labour input in worker hours F = fuel input in gallons B = capital input in number of buses Q = output measured in millions of bus miles Suppose that the parameters (α, β1, β2 and β3) of this model were estimate using annual data for the past 25 years. The following results were obtained: β1 = 0.45, β2 = 0.20 and β3 = 0.30 Suppose that capital input (number of buses) is decreased by 3 percent next year (which, certain older buses are taken out of service). Assuming that the other inputs are held constant, determine the approximate percentage change in output. What type of returns to scale appears to characterize the transportation system (ignore the issue of statistical significance)? Discuss some of the methodological and measurement problems one might encounter in using time-series data to estimate the parameters of this model.