N the process of producing engine valves, the valves are subjected to a first grind. Valves whose thicknesses are within the specification are ready for installation. Those valves whose thicknesses are above the specification are reground, while those whose thicknesses are below the specification are scrapped. Assume that after the first grind, 70%of the valves meet the specification, 20% are reground, and 10% are scrapped. Furthermore, assume that of those valves that are reground, 90% meet the specification, and 10% are scrapped.
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Business, 22.06.2019 12:50, trintrin227
Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
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Business, 22.06.2019 20:30, smarty5187
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
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Business, 22.06.2019 20:30, anilauferc
You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
Answers: 3
Business, 22.06.2019 21:30, kaitlngley2367
Which is the most compelling reason why mobile advertising is related to big data?
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N the process of producing engine valves, the valves are subjected to a first grind. Valves whose th...
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