Q: Suppose a firm expects that a $40 million expenditure on R&D in the current year will result in a…
A: Increase in net revenues = $60 - $54 = $6
Q: we have assumed tha the production function simultaneously has constant returns to scale and…
A: The Constant returns to scale means the long run,keep adding number of input,and production is…
Q: When lottery tickets cost $2, Shirley Jackson purchases 10 per week. When they cost $3, she…
A: Arc price elasticity is the elasticity of one variable with respect to another between two given…
Q: S = 20L0.30c0.70 his formula L represents the units of labor input and C the units of capital input.…
A: Both part solved below,
Q: 2-lf you have the following production function Q=f( L,K), answer the following: 1. Is this function…
A: Given: Q=f(L,K)
Q: QUESTION 3 Technological knowledge O is the same thing as human capital. O can be discovered but it…
A: Technological Knowledge can be defined as the technical know how or understanding of the people…
Q: 3. Show that, for the two-input CES production function 1. 1-p
A: The CES Production Function refers to a neoclassical production function that shows constant…
Q: Question 12: Suppose that the production function is given as follows: TPL = 10L + 5L² + L³ Find the…
A: The total product can be calculated as follows: Thus, the total product is 300.
Q: When long-run AC is falling, it is tangent to short-run AC curve: of the
A: # when a firm decides how to production must proceed in the long run it always emphasis on the long…
Q: The question is based on the following table, which provides information on the production of a…
A: It refers to the change in the total product when additional units of input are added. Marginal…
Q: Let S represent the amount of steel produced (in tons). Steel production is related to the amount of…
A: Optimization problems can be solved by the application of langrange equations followed by…
Q: S = 20L0.30C0.70 this formula L represents the units of labor input and C the units of capital…
A: given that The quantity of steel to be produced is 40,000 tons of steel. (a) The optimization…
Q: 2. A company's production output P is given in tons, and is a function of the number of workers N…
A: Given, P(N,V) = 5N3/4V1/4 or it can be written as P(N,V) = 5N0.75V0.25 a) Workers = 80, so N = 80…
Q: A sheep herder raises sheep for their wool. A textile mill converts the wool to cloth for use in…
A: The increase in the value of product caused by an improvement in its features, quality or…
Q: Suppose the economy's production function is Y = AK^0.3 N^0.7. If K = 2000, N= 100, and A= 1.…
A: The economy's production function is, Y=AK0.3N0.7K= 2000N = 100A = 1
Q: My candy bar company made 100 million bars last year, sold for $1 each. I also paid 100 people last…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The change in ourtput or total product the business would achieve in the current period byexpanding…
A: Production of a firm is the process through which the inputs are used to make the final output.…
Q: Input Total Product 20 32 42 50 55 58 8. 58 56 1. From the table given above, answer the following…
A: AP is the average product which is the ratio of total product and input.MP is the Marginal product…
Q: While the technology level and the amount of other inputs are constant, as the amount of bit input…
A: Factors are classified into two types: variable inputs and the fixed inputs. Variable inputs vary…
Q: 2-If you have the following production function Q=f( L,K), answer the following : 1. is this…
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…
Q: Draw the following isoquants: a. In the production of exams, two computers and one person can turn…
A: In the field of economics, an isoquant is a curve that, when plotted on a graph, displays all of the…
Q: 2. Show that the two-input CES production function used in this lecture has DRS, CRS or IRS…
A: Constant returns to scale means as we imposed input by double amount then the output increases by…
Q: Suppose the production function is given by a = 3k - 4l. what is the average product of capital when…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 3. The equation of the production function for calculators is q = 5KL + 30L, where q is total…
A: Given the information: q = 650 unitsq = 5KL + 30LK = 20 units
Q: 8. Engineers sometimes rely on the "0.6 rule," which states that the increase in cost is given by…
A: "0.6" Rule states that increase in capacities of equipment leads to less than one to one increase…
Q: 26.When isoquants get progressively closer together there is Select one: a. increasing returns to…
A: Any consistent level of output is shown by an isoquant curve which breakdown to the meaning of equal…
Q: Example # 4 Determine the multifactor productivity for the combined input of the labor and the…
A: Multifactor productivity (MFP) can be calculated by using the following formula.
Q: Please inform which of following awnsers are correct for the following questions 14 and 15 just tell…
A: Average product refers to the labor contribution in the production process which is the outcome of…
Q: Complete the table directly below by calculating MP and AP. Inputs of L TP MP AP 0 0 1 15 2 34 3…
A: MP is nothing but the additional product which arises when one unit of extra labor is employed. MP =…
Q: relationship between total product, marginal product, and average product
A: Total product(TP) is the cumulative quantity of output(Q) that is produced by a firm. Average…
Q: Labor Input TPL APL MPL 1 7 2 18 30 4 44 5 62 78 7 88 94 9 94 10 92 1. Compute the MPL & APL…
A: (1) Labor input TPL APL MPL 0 0 ---- ---- 1 7 7 7 2 18 9 11 3 30 10 12 4 44 11 14 5…
Q: 3(a) A firm's production function is initially Q=VKL. Over time, the production function changes to…
A: Technological development is the cumulative of a new invention(s), discovery(s), and/or…
Q: Production Function (CH7) Name: The production function shows the relationship (a mathematical…
A: MPL=∆Y∆LTC=FC+VCFC=TC-VCVC=TC-FCAFC=FCYAVC=VCYATC=TCYMC=∆TC∆Y
Q: unds of carrots. You spent $1.50 per pound on fertilizer and used 2 pounds of fertilizer. Planting…
A: Given: Production of carrots=436 pounds Cost of fertiliser= $1.50 per pound Quantity of fertiliser=2…
Q: Do the following production functions have increasing, decreasing, or constant returns to scale?…
A:
Q: 12. Which of the following production function shows decreasing returns to scale? (a) f(r) = min{x1,…
A: Answer - Need to find- Which production function shows decreasing return scale 1. Answer - f(x) =…
Q: 3.1 Consider the following production function: F(K,L) = K®3L0.7 State if this function exhibits…
A:
Q: Jason owns a lamp store. His total costs are $145,000 per year, and his fixed cost are $19,200. His…
A: fixed costs, also known as indirect costs or overhead costs, are business expenses that are not…
Q: Complete the following table. Units TFC TVC TC AFC AVC AC…
A:
Q: $1 and Px. $2. How 4-11. Consider the production function Y X}" X". Px. many units of X, and X,…
A: A production function translates a set of inputs into a collection of outputs.In other words, it…
Q: Let Srepresent the amount of steel produced (in tons). Steel production is related to the amount of…
A: We have The production function for steel: S=20L0.30C0.70 Where L is the number of labor units used…
Q: Suppose that the economy is made up of a single firm, which pays $500 in interest payments, pays…
A: Given the expenditures: Interest payment = $500 Labour costs = $500 Rent of building = $1000
Q: Which among these production functions exhibit increasing returns to scale? (Clue: you should scale…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What is the relationship between total product, average product and marginal product. draw the graph…
A: Relationship between TP, AP and MP Relationship between TP and MP:- 1) When Marginal product is…
Q: Does this production function q = 9K0.8L0.1 exhibits [increasing return to scale, constant return…
A: Given: q = 9K0.8L0.1
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- CLP is planning to go into the designer jeans business. They project the following costs for the first year of operation: Rental payments $1,500 per month Direct Labor $9.50 per hour Raw Materials $6 per pair of jeans Overhead $975 per week Interest on Capital $1,350 per month It takes 20 minutes of direct labor to assemble a pair of pants, and CLP sells his designer jeans for $39.50 a pair. How many pairs of jeans must be sold to break even the first year? (assume a 50 week year) If profits total $38,500 for the first year, what is CLP’s safety margin? After a successful first year, CLP foresees a decline in designer jeans demand as a result of a weakening economy. If CLP wants a break-even point of 2,300 units, how much of a reduction in fixed costs would be necessary? What three alternative methods are available for reducing the break-even point? Using each of these methods,…IPCSB.31 A firm is producing at the point of diminishing marginal product. It increases its use of labor. What happens to average cost? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a It must be decreasing. b It must be increasing. c It could be increasing, decreasing, or stay the same. d It must be staying the same.Suppose MPC of John is 3/4 if his breakeven occurs at 7000 how much John needs to borrow if his income is 3000
- Q5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?Mary, a law student in a University, wants to buy a book on Negotiable Instruments. To do this, she thought of selling cakes to her classmates and schoolmates. To bake these cakes, she rents an oven at P1,400 and another P300 for the rental of the baking pan. She spends a total of P600 for the ingredients. She sells the cake at P300 each. How many cakes does she need to sell to break even? (Unit used is cakes. For example if your answer is 10, then write 10 cakes).Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at the end of each year: Year CF (in $ million) 0 -90 1 20 2 30 3 40 Part 1 If the company's weighted average cost of capital is 15%, what is the NPV (in $ million)?
- Announcers present music, news, and sports, and may provide commentary or interview guests about these or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) at weddings, parties, or clubs. Many announcers work in radio and television studios. Some announcers are self-employed; others work part time. The median annual wage for announcers was $29,010 in May 2014. A newscaster earns $33,900 and wants to invest 10% of his/her monthly salary to save for retirement in 22 years. If he/she invests this money at 3.3% compounded monthly, how much money will he/she have at retirement?a) How much will be saved each year?$b) What will be the monthly deposit?$c) What will be the amount in the account after 22 years?$For the year 2020, what is total amount of Property,Plant & Equipment (PPE) for Woolworths Group Ltd & Coles Group Ltd? Both are Australian Companies. See 2020 Annual Report and answer it.3. Union Water Purification Company (UWPC) is evaluating two possible designs for a new production facility to replace their present obsolete facility. The total cost functions for the two facilities are: TC1 = 550,000 + 600Q TC2 = 300,000 + 825Q Both plants would produce an identical desalination device that sells for $2,600 per unit. UWPC foresees no change in demand and intends to estimate sales from an average of the last seven years: Year Sales ($000) 1,100 1,075 1,200 1,250 1,150 1,100 1,125 Calculate the operating leverage for both plant designs. Find the level of production at which neither plant design has an advantage. Considering the sales information given, which plant design has a greater probability of cost savings?
- Se Ri Pak, age 23, recently graduated with her bachelor's degree in library and information sciences. She is about to take her first professional position as an archivist with a civil engineering firm in a rapidly expanding area in the U.S. Southwest. While in school, Se Ri worked part time, earning about $8000 per year. For the past two years, she has managed to put $1000 each year into an individual retirement account (IRA), Se Ri owes $15,000 in student loans on which she is obliged now to begin making payments. Her new job will pay $45,000. Se Ri may begin participating in her employer's 401(k) retirement plan immediately, and she can contribute up to 6 percent of her salary to the plan. Her employer will contribute 1/2 of 1 percent for every 1 percent that Se Ri contributes. What do you recommend to Se Ri on the importance of personal finance regarding: 4. Using time value of money considerations to project what her IRA might be worth at age 63?What rent PSF would be needed to incentivize this development? Suppose new Class A Office developments cost $200 per square foot (psf), all in (i.e. land cost, construction, dev costs, reasonable dev profits) If the new building can be sold for $200 psf, development is feasible. Suppose investors are willing to pay $12.50 per dollar of (net operating) income on the buildingIf I want to invest my money. how long will it take $6000 to earn $220 interest (Simple) at 3%? Q 11 ABC Telecom wants to launch a new product. it is observed that the fixed cost of the new product is $28.500/year and the variable cost per unit is $200. The revenue function for the sale of D unit is SOD -SD What is the maximum profit or loss of the company?