subject
Business, 30.10.2019 02:31 jayleneeurich

Afirm producing desks has to make decisions regarding the following production stages: (i) choice of materials, (ii) cutting and jointing, (iii) painting and finishing, and (iv) labeling and boxin, g materials: the firm has to use 6 blocks of wood and one unit of glue in order to produce a desk. wood and glue cannot be substituted in the production, as they need to be used in the same proportion. the production function is q-mun 16, gf, where w is the quantity of wood and g is the quantity of glue a. what are the returns to scale? b. illustrate the cost minimization problem of this production stage on a diagram where you place wood on the x-axis and glue on the y-axis. show the isoquant and isocost lines when the isoquant correspond to a production level of one desk and the prices of wood and glue are $4 and s1, respectively what is the optimal amount of wood and glue to produce one desk? what is the cost of material for a generic number of desks q? [recall that under constant returns to scale, if the cost of producing 1 units of output is equal to c dollar, then the variable cost of producing q units of output is cgj c. 2 1 cutting and jointing: the firm faces the following production function: q = (kisi where k stands for capital employed in this stage and s represents the amount of skilled workers. the marginal products of s and kare qs = and qk-15(-t respectively. thus, mrtssk- d. what returns does the production function exhibits with respect to s? what returns does s3 2s" the production function exhibits with respect to k? what are the returns to scale?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
question
Business, 22.06.2019 15:10
On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.
Answers: 2
question
Business, 22.06.2019 16:10
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
Answers: 1
question
Business, 22.06.2019 20:20
Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44
Answers: 2
You know the right answer?
Afirm producing desks has to make decisions regarding the following production stages: (i) choice o...
Questions
question
Mathematics, 22.06.2021 16:50
question
Mathematics, 22.06.2021 16:50
question
History, 22.06.2021 16:50