You manage a plant that mass-produces engines by teams of workers using assembly

machines. the technology is summarized by the production function

q = 5 kl

where q is the number of engines per week, k is the number of assembly machines, and l

is the number of labor teams. each assembly machine rents for r = $10,000 per week, and

each team costs w = $5000 per week. your plant has a fixed installation of 5assembly machines as part of its design.

in the short run:

for any given level of output q, write the expression for the number of labor teams required.

b. what is the cost function for your plant � namely, how much would it cost to produce q engines? (hint: tc=tfc+tvc, tfc=rk, tvc=wl)

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false