Business, 18.04.2020 03:23, Hjackson24

You manage a plant that mass-produces engines by teams of workers using assembly machines. The technology is summarized by the production function qequals5KL 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 requals$10 comma 000 per week, and each team costs wequals$5 comma 000 per week. Engine costs are given by the cost of labor teams and machines, plus $3 comma 000 per engine for raw materials. Your plant has a fixed installation of 5 assembly machines as part of its design. The total cost of producing q units of output (TC) is:

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:40, taylor825066

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x, y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

Answers: 3

continue

Business, 22.06.2019 16:10, donbright100

Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p

Answers: 1

continue

Business, 22.06.2019 18:30, greg9207

You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2

Answers: 1

continue

Business, 22.06.2019 20:20, isabelperez063

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.

Answers: 2

continue

Do you know the correct answer?

You manage a plant that mass-produces engines by teams of workers using assembly machines. The techn...