Production function 9.= fCL)where average product of labour LAPL) and murginal product of labaur CMPL) are inuerted u-shapcad inuurt At point APL =MP2 AP./MP. achicues its (max/min) APL/MPL is (increasins /deereasing.) B for values of L uhcre MPL is Increasing is (increasing/Idecrasing/either) APL is (abar/lelau/either) MPL APL Ofor Ualues L where MPL is cdecreasing APL IS is lincrcasing/decreasiny/cither.) APz is (aloue /lelow/uther) MP_ Choose one word in Urackets
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- According to the earning equation developed by Mincer, which of the following itemsmust have positive relationship with one’s earning?A. Year of schoolingB. Year of workingC. Number of family membersD. A & BE. All of the aboveUniform gradient pls13)Assume that the dummy variable Married=1 if married (0if not married),Sex=1 if male (0if male), and that you estimate the equation: log(wage)= B0 + B1 Married + B2*Sex +B3(Married*Sex). The estimated llog wage for an unmarried woman can be estimated by:a.B0 b.B0+B1+B2 c.B0+B1+B2+B3 d.B0+B3
- calculate The constant of a regression of Y on X calculate the what is the value of SSTx what does o^2 stand for in var(B hat1) = o^2/SSTxA car wash firm calculates that its daily production (in numbers of cars washed) depends on the number of n workers it employs according to the formula P=30n-0.05n^2 cars. (a) Calculate the marginal product of labor at employment level of 50 workers. ___ cars/workers. Interpret the results. This means that, at an employment level of 50 workers, the firm’s daily production will increase at a rate of ____ cars per additional worker it hires.Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university in Hong Kong and she is going to be graduated after the summer break. She has collected some data from the Student Careers and Affairs Office (SCAO) related to her job planning. According to the graduate employment surveys conducted for the last two years by the private university, the average salary earned by the graduates of her programme is constant at around $14,000. Actually, Candy is quite disappointed. In view of this, Candy is considering to participate in an one-year internship program launched by the SCAO after her graduation. In other words, she would enter the job market “formally” one year later if she joins the internship program. Finally, with the help of the SCAO, she could get an internship offer from a famous marketing company in Hong Kong. The monthly salary provided by the company is $12,000 while a good reference letter would be prepared for the interns completing the…
- Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university in Hong Kong and she is going to be graduated after the summer break. She has collected some data from the Student Careers and Affairs Office (SCAO) related to her job planning. According to the graduate employment surveys conducted for the last two years by the private university, the average salary earned by the graduates of her programme is constant at around $14,000. Actually, Candy is quite disappointed. In view of this, Candy is considering to participate in an one-year internship program launched by the SCAO after her graduation. In other words, she would enter the job market “formally” one year later if she joins the internship program. Finally, with the help of the SCAO, she could get an internship offer from a famous marketing company in Hong Kong. The monthly salary provided by the company is $12,000 while a good reference letter would be prepared for the interns completing the…WHERE IS THE (D) PART OF THE ANSWER PLSIt is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?
- Coffee RoasteryFocused on keeping its entire supply chain green, the roastery carefully selects the suppliers from whom it sourcescoffee beans. It works directly with farms and farm cooperatives, who are accredited as treating their farmers andemployees fairly and ethically. Approximately 50% of the roastery’s output is used by BB’s academy and coffee bars,ensuring a continued green chain across its businesses. In 2020, the coffee roasting unit produced 4500 tonnes andcontributed 15% of BB’s total revenue. The sustainability positioning has differentiated BB from its peers, and helpedit earn collaborations with socially responsible corporates. Best of all, there is now capacity to expand production toaround 18,000 tonnes at the roastery and start exporting roasted coffee beans to other countries.At present, the roastery is roasting 100% Arabica beans. The average wholesale price BB is able to sell the Arabicabeans for in 2021 is US$3.10, down from US$4.42 in 2014. However, projections…A company that manufactures oximeters (devices that are placed on the fingers to measure the amount of oxygenation that a person is producing) has recently been stretched by high demand due to COVID-19. From that company, it is known that in the month of August 2020 a total of 10,000 oximeters were produced that qualified as conforming product, that the company was running a total of 25 days, Monday through Saturday, 9.5 hour shifts, of that time half an hour daily was for calibration and warm-up of the production machines and one hour daily was lunch for the workers. In addition, daily half-hour meetings are held to discuss the day's production. Because they are currently working under pressure due to high demand, there are no kanban waiting times. Determine the parts per hour of work that were produced during the month of August 2020.Convert 22.4 m/sec to mi/hr