Business, 07.11.2019 06:31 daisyyy12

In the economy of ricardia, two consumer goods, x and y, are produced from a single factor input, labor, according to the production functions: y = 3ly and x = 3lx where ly and lx are the quantities of labor used in the production of y and x respectively. the total amount of labor available is 66 units. (a) derive the equation for the economy's production possibility frontier. confirm that the marginal rate of transformation is equal to mply/mplx.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, coolkitty35

According to maslow's hierarchy of needs theory, which of the following would be an issue that requires the fulfillment of a lower order need? a)the need for a challenging project at work. b)the need for a promotion at work. c) the need to locate your business in an area with a low crime rate. d)the need for a mentor to you ascend within the company. none of the above

Answers: 3

continue

Business, 21.06.2019 22:50, carolineepoolee84

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Answers: 1

continue

Business, 22.06.2019 12:50, laxraAragon

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?

Answers: 3

continue

Business, 22.06.2019 13:10, Hannahdavy5434

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?

Answers: 3

continue

You know the right answer?

In the economy of ricardia, two consumer goods, x and y, are produced from a single factor input, la...