Business, 20.02.2020 20:46, dtovar4922
Suppose a brewery uses a Cobb-Douglas production function for his production. He studies the production process and finds the following. An additional machine-hour of fermentation capacity would increase output by 400 bottles per day (i. e. MPK 400).An additional man-hour of labor would increase output by 900 bottles per day (i. e. MPL = 900). The price of a man-hour of labor is $18 per hour. The price of a machine-hour of fermentation capacity is $5 per hour. 1. Is the brewery currently minimizing its cost of production? Check using the minimization condition. 2. It turns out, the brewery is not optimally chossing the factors of production. To lower its production cost, which factor of production should the brewery increase and which factor should he decrease? 3. Suppose that the price of a machine-hour of fermentation capacity rises to $8 per hour. How does this change the answer from part 1?
Answers: 1
Business, 21.06.2019 23:30, KylaChanel4756
You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?
Answers: 2
Business, 22.06.2019 10:20, christianconklin22
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 22.06.2019 10:50, jadeafrias
You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.
Answers: 3
Suppose a brewery uses a Cobb-Douglas production function for his production. He studies the product...
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