In the short-run, we assume that capital is a fixed input and labor is a variable input, so the firm can increase output only by increasing the amount of labor it uses. in the short-run, the firm's production function is q = f(l, k), where q is output, l is workers, and k is the fixed number of units of capital. a specific equation for the production function is given by: q = 8kl + 5l^2 - 1/3l^3or when k = 27q = (8 x 27 x l) + 5l^2 - 1/3l^31. the level of output q for 6 units of labor input is (enter your response rounded up to two decimal places). 2. the average productivity of these 6 units of labor (enter your response rounded up to two decimal places) 3. the marginal productivity of using one more unit of labor input (enter your response rounded up o two decimal places). 4. given the relationship between the average productivity and the marginal productivity, the average productivity of labor is
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Business, 22.06.2019 07:00, aljalloh94
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
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Business, 22.06.2019 15:20, lamashermosa23
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
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Business, 22.06.2019 17:30, Nikcoli
Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii
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In the short-run, we assume that capital is a fixed input and labor is a variable input, so the firm...
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