Business, 17.06.2021 20:00, maria051002camp
Consider the following daily production data for Davis Golf Balls, Inc. Davis Golf Balls, Inc. sells golf balls for 50 cents. Assuming Davis Golf Balls, Inc. is a competitive, profit-maximizing firm, how many workers will the firm hire if this company pays a wage of $50 a day. Labor (number Quantity (golf Marginal Value of the T Wage T Marginal of workers) balls per day) Product of Marginal (per day) Profit Labor (golf Product of balls per day) Labor 100 2 250 3 375 475 550 600 a. Please fill out the table using the information listed above the table. b. Assuming Davis Golf Balls, Inc. is a competitive, profit-maximizing firm, how many workers will the firm hire? c. Assume that Davis Golf Balls, Inc. is a competitive, profit-maximizing firm. If the market price of golf balls increases from 50 cents to 60 cents, how many workers would the firm then hire? d. Assume that Davis Golf Balls, Inc. is a competitive, profit-maximizing firm. If the market price was S1.00 and the wage increased to S100, how many workers would the firm then hire?
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 11:50, 2kdragginppl
Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i. e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i. e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.
Answers: 3
Business, 22.06.2019 12:30, bcarri4073
M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.
Answers: 1
Business, 22.06.2019 19:40, yoyo80431
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Business, 22.06.2019 22:10, tilsendt
Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800
Answers: 1
Do you know the correct answer?
Consider the following daily production data for Davis Golf Balls, Inc. Davis Golf Balls, Inc. sells...
Questions in other subjects:
English, 18.02.2021 20:00
Mathematics, 18.02.2021 20:00
Mathematics, 18.02.2021 20:00
Mathematics, 18.02.2021 20:00
