Business, 14.10.2020 01:01 camhappy2005
Michael, Dwight, and Jim run a paper company. Each week they need to produce 1,000 reams of paper to ship to their customers. The paper plant's long-run production function is =40.750.25 , where Q is the number of reams produced, K is the quantity of capital rented, and L is the quantity of labor hired. For this production function, the marginal product of labor is =0.750.75 , and the marginal product of capital is =30.250.25 . The weekly cost function for the paper plant is =10+2 , where C is the total weekly cost.
Answers: 2
Business, 21.06.2019 20:30, jess7kids
Anewspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. daily paper sales are normally distributed, with a mean of 100 and standard deviation of 10. he sells papers for $0.50 and pays $0.30 for them. unsold papers are trashed with no salvage value. how many papers should he order each day and what % of the time will he experience a stockout? are there any drawbacks to the order size proposed and how could the boy address such issues?
Answers: 3
Business, 22.06.2019 20:40, homework1911
Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.
Answers: 2
Business, 23.06.2019 01:20, daijafoster0
Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?
Answers: 2
Michael, Dwight, and Jim run a paper company. Each week they need to produce 1,000 reams of paper to...
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