Consider a firm that produces a single output with a single input, labor, using production function F (L) = 100L − 4L², for L ∈ [0, 12.5]. The input price is W = 2. The firm can sell the output at a price of P = 1/16.
1) Determine the firm’s cost function C (Q), that is, the lowest cost of producing Q units of output. State the associated labor choice for a given required output, L(Q). Consider only the range Q ∈ [0, 12.5].
2) What is the firm’s marginal cost curve, MC(Q)?

Forecasting as a first step in the team’s decision making, it wants to forecast quarterly demand for each of the two types of containers for years 6 to 8. based on historical trends, demand is expected to continue to grow until year 8, after which it is expected to plateau. julie must select the appropriate forecasting method and estimate the likely forecast error. which method should she choose? why? using the method selected, forecast demand for years 6 to 8.

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While discussing their marketing campaign for a new product, the members of the cross-functional team responsible for carver inc. realized that a couple of changes relating to their prior plan would be beneficial. the offer of a franchising that had earlier been brushed off by the company head was discussed thoroughly and it was decided that it would be implemented on a trial basis initially, and on full scale if found to work well. from the information provided, it can be concluded that this cross-functional team has a high degree of a) conformity b) demography c) uncertainty d) reflexivity e) diversity