subject
Business, 01.07.2019 23:20 gkasshy334

Gsuppose a firm with a production function given by q = ..2 produces 800 units of output. the firm pays a wage of $20 per unit and pays a rental rate of capital of $30 per unit. a. compute the optimal number of units of labor and capital that the firm should employ to minimize the cost of production (for 800 units of output). b. compute the total cost. c. determine the short run and long run costs of increasing output to 2000 units.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:40
The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $
Answers: 1
question
Business, 22.06.2019 17:00
Explain how can you avoid conflict by adjusting
Answers: 1
question
Business, 22.06.2019 21:20
Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.
Answers: 1
question
Business, 22.06.2019 21:20
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
Answers: 1
You know the right answer?
Gsuppose a firm with a production function given by q = ..2 produces 800 units of output. the firm p...
Questions
question
Mathematics, 28.09.2019 06:00
question
Chemistry, 28.09.2019 06:10
Questions on the website: 13722360