QUESTION • A producer of a particular product has the following production function: Q = 100K05 L0.5 During the last production period, the firm operated efficiently and used input rates of 100 and 25 for capital and labour, respectively. • (a). What is the marginal product of capital and the marginal product of labour based on the input rates specified? • (b). If the rental price of capital was N20 per unit, what was the wage rate? (C). Suppose that the rental price of capital is expected to increase to N25 while the wage rate and the labour input will remain unchanged under the terms of a labour contract. If the firm maintains efficient production, what input rate of capital will be used?
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- 7. Question content area left Part 1 Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low-cost flu shots but must decide whether to do so by hiring another full-time nurse or by using part-time nurses. The table below shows the expected costs of the two options for three possible demand levels: States of Nature (demand) Alternatives Low Medium High Hire full−time $300 $480 $680 Hire part−time $0 $340 $1,200 Probabilities 0.20 0.55 0.25 Part 2 a) The alternative with the least expected cost is ▼ a. Hire full-time b. Hire part-time The expected cost of this alternative is $ ______ (enter your answer as a whole number). .Op1. Question 2 WYZ Ltd. is a manufacturing company incorporated in Ghana under the Companies Act of 2019, Act 992. After successfully conducting their external and internal audits, the company formulated and implemented some of the best strategic moves in the manufacturing industry. However, several factors hampered the delivery of the desired outcomes and the company continued to struggle with their competitiveness for several years. Required: As a Strategist, recommend five (5) issues, covering; management, marketing, finance & accounting, human resource and MIS, that could be responsible for the firm’s inability to successfully implement their strategies and meet strategy expectations. Question 3 Using the 4-point Empirical Indicators as characteristics of capabilities, conduct an appraisal of a Ghanaian company and justify why you believe they are basis for gaining sustainable comptetitive advantage .Module 5 Question 8 Mayborn Enterprises, LLC runs a number of sporting goods businesses and is currently analyzing a new T-shirt printing business. Specifically, the company is evaluating the feasibility of this business based on its estimates of the unit sales, price per unit, variable cost per unit, and fixed costs. The company's initial estimates of annual sales and other critical variables are shown here: Base CaseUnit sales 7,500Price per unit $16.00Variable cost per unit $10.00Fixed cash expense per year $10,000Depreciation expense $4,000 a. Calculate the accounting and cash break-even annual sales volume in units. b. Bill Mayborn is the grandson of the founder of the company and is currently enrolled in his junior year at the local state university. After reviewing the accounting break-even calculation done in part a, Bill wondered if the depreciation expense should be included in the calculation. Bill had just completed his first finance class…
- QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only faces underage risk. Supplier faces both underage and overage risks. Suppliers tend to produce less than the supply chain optimal quantity. The retailer has to purchase at least the quantity it reports to the supplier. QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT? The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time. The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May. The firm should source from a combination of one faraway supplier and one close-by…Question 02 Mr. Rahman is the CEO of Rider Inc. a ride sharing, digital ticketing and reservation platform for public transport. Right now, they collaborate with the AC bus services on a few routes only. However, they want to start their own transport services on a new route. To run this operation, it requires leasing a few buses for monthly payments of 50000 taka/year. Variable costs would be 50 per/ticket. Each ticket will be sold to customers at an average price of 70taka. What would be the profit/loss if 3000 tickets are sold per year? How many tickets per year should be sold in order to break even? What volume is needed to obtain a profit of 20000 taka per year? If 2300 tickets can be sold and a profit target is 15000 taka, what price should be charged per ticket? If the buses have design and effective capacities of 10,000 and 5000 customers per year, respectively, and only 3000 customers/year use these buses during pandemic, what will be the utilization of the holding area?Q21 The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 348,000 Cost of goods sold 305,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 67,000 Value of finished goods on-hand 27,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)
- Question 1 B Groovy Juice Mixers produces juices, Tropical breeze and Guava Jive. These Juices are both made by blending three ingredients, Grape, guava and Papaya. A certain level of flexibility is permitted in the formulae for these products. The allowable percentages, along with revenue and cost data, aregiven in the following table. Up to 60 gallons of Grape, 80 gallons of Guava and 60 gallons of papaya could be purchased. Groovy can sell as much of these juices as it produces. a) Formulate an LP whose objective is to maximise the net profit from the sale of the juices.Question 2 "In air cargo revenue management, for every flight we operate, we first must forecast the capacity so we can understand how much space we can sell. Unlike on the passenger side where the number of seats is rather standard, the cargo capacity will vary based on the route, the aircraft, the number of passengers, the number of bags passengers are carrying and other metrics." Karri Kauppi, Head of Cargo Revenue Management & Pricing, Finnair Source: The Complexities of Air Cargo Revenue Management https://www.kambr.com/articles/the-complexities-of-air-cargo-revenue-management (a) According to Karri Kauppi, cargo revenue management (CRM) is complex. The first thing in CRM is to forecast the air cargo capacity which would depend on factors e.g. the route, the aircraft, the number of passengers, the number of bags and other metrics. Appraise how Karri practises CRM in forecasting air cargo capacity and pricing available cargo space for sale in order to maximize profitability.…QUESTION 1 Trinity product Limited makes and sells three which the following information is available Standard cost and selling price per unit Day Scan types of electronic Night scan security systems for Omni scan GH¢ GH¢ GH¢ Material 70 110 155 Manufacturing labour 40 55 70 Installation labour 24 32 44 Variable overheads 16 20 28 Selling price 250 320 460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units. Required Calculate the shortfall (if any) in hours of installation Determine the best production plan assuming the…
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