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Question 10 of 10 (1 point) 2.5 Section Exercise 1 At a certain factory, the daily...
72 Partial Derivatives: Problem 17 Previous Problem List Next (1 point) A manufacturer estimates that the annual output at a certain factory is given by Q(K, L) 13K0.7Į0.3 units, where K is the capital expenditure in thousands of dollars and L is the size of the labor force in worker-hours. Suppose that the current capital expenditure is $220000 and the labor level is 590 worker-hours. a. Find the current marginal productivity of capital Qk- ANSWER: b. Find the current marginal...
Question 10 of 10 (1 point) 3.2 Section Exercise 44 The mean and standard deviation of the number of hours the employees work in a music store per week are, respectively, 18.3 and 3.4 hours. If the owner increases the number of hours each employee works per week by 5 hours, what will be the new mean and standard deviation of the number of hours worked by the employees? The new mean will be and the new standard deviation will...
Gallo Cork Factory NumberofWorkers Number ofMachinesOutput(corks producedper hour) Marginal Product of Labor Cost of Workers Cost of Machines TotalCost 1 2 5 2 2 10 3 2 20 4 2 35 5 2 55 6 2 70 7 2 80 1. Refer to Table 13-4. Each worker at Gallo's cork factory costs $12 per hour. The cost of each machine is $20 per day regardless of the number of corks produced. If Gallo's produces at a rate of 70 corks per hour and operates 8 hours per day, what is Gallo’s total labor cost per day?a.$72b.$112c.$576d.$616 2. Refer to Table 13-4. Each worker at Gallo's...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Exercise 10-7 Direct Materials Variances (LO10-1) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below. Standard Quantity or Hours 5.20 pounds 0.40 hours Standard Price or Rate $3.00 per pound $5.00 per hour Standard Cost $15.60 $ 2.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand pounds of material were purchased at a cost of...
Question 1 of 10 (1 point) | Attempt 6 of Unlimited | View question in a popup 11.1 Section Exercise 13 (critical value, table) Contaminated water: The concentration of benzene was measured in units of milligrams per liter for a simple random sample of five specimens of untreated wastewater produced at a gas field. The sample mean was 8.3 with a sample standard deviation of 1.1, Seven specimens of treated wastewater had an average benzene concentration of 3.7 with a...
Question 1 of 10 (1 point) | Attempt 6 of Unlimited View question in a popup 11.1 Section Exercise 13 (critical value, table) Contaminated water: The concentration of benzene was measured in units of milligrams per liter for a simple random sample of five specimens of untreated wastewater produced at a gas field. The sample mean was 8.3 with a sample standard deviation of 1.1. Seven specimens of treated wastewater had an average benzene concentration of 3.7 with a standard...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising costs 4,594 Factory maintenance 5,023 Direct labor 5,972 Direct materials 4,514 Sales salaries 5,023 Factory utilities 5,153 Research & Development 5,599 Material handling 4,174 What was total overhead in 2017? 2) X Company had the following inventory account balances in 2017: Account January 1 December 31 Materials $14,524 $16,900 Work in Process 14,622 21,768 Finished Goods 14,594 14,594 The following additional information for the...
Predatory Pricing Which of the followings is not the purpose of predatory pricing? A To drive competitors out of a market B To prevent entry by potential rivals C To increase its own market power O D to increase output and lower prices Economies and Diseconomies of Scale When a firm gets so large that coordination and management of workers and other inputs becomes costly and difficult, it is experiencing which of the following? O A Diseconomies of scale O...
I have completed parts 1-8, and I am looking for assistance on parts 9-10 You have just been promoted to the position of controller at the Stanley Corporation. The company is based in Moosic, PA. The company manufactures unfinished wooden book shelves. Projected sales in units for the first six months: January 20,000 February 22,000 March 26,000 April 31,000 May June 22,000 37,000 Fixed Cost Component $187,000 Variable Cost Component $ 2.00 The unit selling price is $240. Salaries Commissions...