Physics
Physics, 30.10.2019 22:31, aphillips2004

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. engine costs are given by the cost of labor teams and machines, plus $ 2000 per engine for raw materials. your plant has a fixed installation of 5 assembly machines as part of its design.

a. what is the cost function for your plant namely, how much would it cost to produce q engines? what are average and marginal costs for producing q engines? how do average costs vary with output?

b. how many teams are required to produce 250 engines? what is the average cost per engine?

c. you are asked to make recommendations for the design of a new production facility. what capital / labor (k/ l) ratio should the new plant accommodate if it wants to minimize the total cost of producing at any level of output q?

d. find the long-run cost function for the production technology. note that k is no longer fixed at 5 in the long run.

answer
Answers: 2

Other questions on the subject: Physics

image
Physics, 22.06.2019 11:30, georgesarkes12
1. a camcorder has a power rating of 19 watts. if the output voltage from its battery is 7 volts, what current does it use?answer units 2. a 1.5m wire carries a 6 a current when a potential difference of 57 v is applied. what is the resistance of the wire? your
Answers: 2
image
Physics, 22.06.2019 16:30, belle5828
3. a lunar exploration vehicle was created by a research team. it weighs 3,000 kg on the earth. it needs an acceleration of 10 m/s2 on the moon. in order to have the same acceleration, what will be the net force acting on the vehicle on the earth?
Answers: 2
image
Physics, 22.06.2019 17:40, Tyrant4life
Which describes an object in projectile motion? check all that apply. a.gravity acts to pull the object downb. the object moves in a straight path. c.the forward velocity of the object is 0 m/s. d.the object’s inertia carries it forward. e.the path of the object is curved.
Answers: 2
image
Physics, 22.06.2019 19:00, hairyears3394
Review multiple-concept example 7 in this chapter as an aid in solving this problem. in a fast-pitch softball game the pitcher is impressive to watch, as she delivers a pitch by rapidly whirling her arm around so that the ball in her hand moves in a circle. in one instance, the radius of the circle is 0.626 m. at one point on this circle, the ball has an angular acceleration of 66.1 rad/s2 and an angular speed of 12.6 rad/s. (a) find the magnitude of the total acceleration (centripetal plus tangential) of the ball. (b) determine the angle of the total acceleration relative to the radial direction.
Answers: 3
Do you know the correct answer?
You manage a plant that mass-produces engines by teams of workers using assembly machines. the techn...

Questions in other subjects: