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Find first order conditions that characterize the optimal firm behavior considering that the firm takes wt and rt as given.
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How do we use these FOCs to show that (wtNt)/Yt =(1-α) if Yt = At Ktα Nt1-α
- RBMC Industry manufactures a special printing according to customer specifications with respect to the number of sheets the machine can produce per hour. With this, there is a $50 increase in the production rate x. A shop owner is considering buying one of these machines. From his past experiences, the owner estimates that the arrival rate is three per hour and each order averages 500 sheets. Contracts signed by the owner, and the customer says that there will be a penalty of 10$ per late order per hour. It is assumed that the actual production time is exponential. (a) Formulate the cost model as a function of the production rate x. (b) Determine the optimal production rate the owner should specify in his purchase of the machine from RBMC. Hint: Get the derivative of the cost function.SHOW COMPLETE SOLUTION PLS BADLY NEEDED ASNWERSNationwide income from monthly sales data (rounded to the nearest $100,000) of Stay Flat vacuum hold-down tables for last year was collected. Estimate the expected value of monthly income if economic conditions remain the same. Income, $/Month Number of Months 500,000 4 600,000 2 700,000 1 800,000 2 900,000 3
- In net present worth analysis over a period, if the net present worth value is equal to zero, the initial investment ______ a. has not produced profits b. has no certainty of gians c. has been fully account by the operation d. has a tendency to produce more losses e. has been applied with correct interest A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this price throughout the year is 65% while that of less or more than 10% the expected are 15% and 20%, (a) what is the probability that the selling price for that year is more than the expected price? a. 0.8 b. 0.85 c. 0.25 d. 0.2 e. 1 f. 0.15 g. 0.65In a project you are managing if you estimated the optimistic (a), most likely(m) and pessimistic (b)times for activity B to be 5, 8 and 10 days respectively then the best estimate for the meaning of activity B is? a.7.67 b. 7.83 c. 8.00 d. 10.00Q15-L) What is the answer of second first(9.4) is true, thats my last attemp please be careful thanks Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- MR is a manufacturer of industrial fridges, freezers, and air conditioners. In December, the productionplanner needs to submit a production plan to the plant manager for the next year. The aggregate forecast foreach quarter of next year is Q1: 14,800; Q2: 26,400; Q3: 35,000, and Q4: 19,200 units. The beginning inventoryin January is 0, and the year-end inventory in December of next year can be 0. It costs MR $24 to hold anappliance in inventory for one quarter. Shortages are undesirable. Assume that all shortage will be backordered, and that back-order cost is $100 per unit per quarter. There are 160 permanent workers who produce19,200 units per quarter. In busy quarters, workers can produce up to 9,600 additional units during overtime.Regular time labour cost is $60 per unit appliance and overtime labour cost is $83 per unit. MR can hire up to160 temporary workers for a second shift. Assume temporary workers have the same productivity and canproduce up to 19,200 units per quarter. A…The manager of a sole distributorship for a famous brand of automobiles was discussingwith the assistant manager the planned introduction by mid-year of a new model, theXP-60. It was decided earlier that the price be set at P400,000, at which level the totalnumber of units sold was estimated at 500 units annually. The assistant manager hassuggested that the price should be set at a somewhat lower level, say, at P360,000 inorder to attract a major segment of the non-targeted market. At this lower price, 1,000units are expected to be sold.1. Formulate the firm’s linear demand equation for the product given the estimates andprojections made.2. What is the (point) price elasticity of demand at price P400,000? At P360,000?3. What is the midpoint arc price elasticity of demand between these two prices?Interpret the result.4. Determine the total revenue (TR) function and the marginal revenue (MR) function.5. Calculate marginal revenue at the originally proposed price and at therecommended…A CI is desired for the true average stray-load loss μ (watts) for a certain type of induction motor when the line current is held at 10 amps for a speed of 1500 rpm. Assume that strayload loss is normally distributed with σ = 3.0.a. Compute a 95% CI for μ when n = 25 and = 58.3.b. Compute a 95% CI for μ when n = 100 and = 58.3.c. Compute a 99% CI for μ when n = 100 and = 58.3.d. Compute an 82% CI for μ when n = 100 and = 58.3.e. How large must n be if the width of the 99% interval for μ is to be 1.0?
- You have been asked to forecast the additional funds needed (AFN) for a firm, which is planning its operation for the coming year. The firm is operating at full capacity. Data for use in the forecast are shown below. However, the CEO is concerned about the impact of a change in the payout ratio from the 10% that was used in the past to 50%, which the firm's investment bankers have recommended. Based on the AFN equation, by how much would the AFN for the coming year change if the firm increased the payout from 10% to the new and higher level? All euros are in millions. Last year's sales = S0 €300.0 Last year's accounts payable €50.0 Sales growth rate = g 40% Last year's notes payable €15.0 Last year's total assets = A0* €500.0 Last year's accruals €20.0 Last year's profit margin = PM 20.0% Initial payout ratio 10.0% AFN = (A0*/S0)DS - (L0*/S0)DS - Profit margin ´ S1 ´ (1 -Payout)The cost of making a small transistor radio is 23.00 php in labor costs and 37.00 php in material costs. The fixed cost of running the system is P 100,000.00 per month. The variable cost is P1.00 per set. The price of the radio is php75.00 each. Determine how many sets must be produced each month in order to break even.The point is NOT at (7,800) or (8.5,1200)