The manager of a live stock feed company faces a production function Q=2L^0.5 K^0.5 where K represents capital equipment and L is labour.Assume the company has spent $16,000 4 units of capital equipment it owns.If workers at the firm are paid a competitive wage of $100 per worker and Feed Can be sold for $200per unit . 1.what is your profit maximising level of output and labour usage 2.what is your maximum profit 3.Use the production function to get the profit function.
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The manager of a live stock feed company faces a production function Q=2L^0.5 K^0.5 where K represents capital equipment and L is labour.Assume the company has spent $16,000 4 units of capital equipment it owns.If workers at the firm are paid a competitive wage of $100 per worker and Feed Can be sold for $200per unit .
1.what is your profit maximising level of output and labour usage
2.what is your maximum profit
3.Use the production function to get the profit function.
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- Assume a company reported the following resuts Bales 5400,000 variable expenses Contribution margin rixed expenses 260,000 140,000 40,000 $100,000 Net operating income $775,000 Average operating assets The turnover is closest to: Multiple Cholce 0.3 0.2 0.5Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. Q1) As a senior production manager what managerial actions you should take to control the situation? Q2) What do you think can be the consequences if correct managerial action is not taken on time?Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. Q1) As a senior production manager what managerial actions you should take to control the situation?
- Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. What do you think can be the consequences if correct managerial action is not taken on time?3-4) How many pounds of beans will Taco Loco have left over if they produce the optimal quantity of products X, Y, and Z? A) 28.73 B) 39.27 C) 0 D) 1E + 30 3-5) What is the increase in revenue if Taco Loco purchases 20 pounds of cheese for $1 and uses it optimally? A) $0 B) $9.09 C) $29.00 D) $158.18Consider the production function Y = z.F(K,L, A) where Y is output, z is technology, K is capital, Lis labour and A is the area of land. Which 3 of the following statements are correct? Select one or more: O a. Diminishing marginal products means that if K,L and A all double, output will less than double. b. The property of a diminishing marginal product of labour means that, if labour is increased while other inputs to production are held constant, output will increase, but by a decreasing amount. O c. If there are constant returns to scale this implies that individual marginal products are not diminishing. d. If marginal products are diminishing, then the marginal product of labour measured in terms of discrete changes is less than the marginal product in terms of calculus. If z increases, the average product of all inputs increases but the marginal products do not. е. O f. Holding K and A constant, if z increases the production function in terms of labour input shifts up by a…
- Read the question carefully and answer the following questions Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. a) As a senior production manager what managerial actions you should take to control the situation? b) What do you think can be the consequences if correct managerial action is not taken on time?Cost Per Thousand CPM An advertising campaign features two print ads. One ad generates 15,007 exposures and cost $5,329. The second ad generates 19,223 impressions and cost $8,583. Calculate Cost Per Thousand for the campaign as a whole. (Rounding: penny.)You are the operations manager for a production company. You are given the technical rate of substitution between factors X2 and X1 as -4. If you will like to produce the same output but you want to decrease the use of X1 by 2 units since it cost more than X2 to acquire, how many additional units of X2 will be required?
- 4. A nursery grows and sells rose bushes. To grow the bushes there is a fixed annual cost of $20,000 and an additional production cost of $10 per bush. The bushes sell for $25 each. (a) Write down the cost function. (b) Write down the revenue function. (c) Find the profit function. (d) Find the break even point. (e) How many rose bushes must the nursery sell to make a 20% profit?A machine can be purchased at t = 0 for $20,000. The estimated life is 5 years, with an estimated salvage value of zero at that time. The average annual operating and maintenance expenses are expected to be $5,500. If MARR = 10%, what must the average annual revenues be in order to be indifferent between (a) purchasing the machine or (b) doing nothing?Relative performance-based pay can adversely affect the competitive environment within an industry. Select one: True O False Increasing the firm's debt (reducing D and increasing E) increases the (beta and standard deviation) risk per unit of equity investment. Select one: True False Its better to use bank loans instead issuing public bonds because its easier to negotiate with only one party rather than a huge number of bondholders. Select one: True False Its better to use hedging by the firm itself than by the investors, because any firm has specialized managers and employees to do so. Select one: True