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- If r increases, C and w unchanged, the isocost will shift parallely to the right shift parallelly to the left pivot towards point of origin pivot away from the point of originFind the limit of the function. Show your calculation.please help with the excel calculation its been my 6 th attmpt but i am not able to find the same answers which is been given by experts when i calculate it on excel. kindly help here
- George Kyparisis makes bowling bals in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Cost Per Input Unit Now Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) 1,000 1,000 280 255 $10 per hour $6 per pound 1% per month $0.50 per BTU 48 43 9,000 10,000 3,000 2,850 The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).the second image displays the function given in section 8.3.4 as mentioned in the questionWhich is NOT a quantifiable measurement (business metric)? Easy to calculate Repeatable Controllable Programmable
- It costs a company $58 to produce 6 units of a product and $78 to produce 10 units. Assuming that the cost is linear, how much does it cost to produce 25 units?A company uses two inputs, unskilled labour (L) and capital (K), to produce its product. The wage rate for a unit of labour is €5, while a unit of capital cost €20. a) Determine the equation and plot the isocost line for the company's expenditures on itsinputs of €1,000. Label the intercepts of the isocost with both axes. Draw a typical isoquant for an output level Q0 and indicate the optimal input levels of L and K. (Do not forget to label the axes). b) Suppose the government introduces a minimum wage for unskilled labour of €6 per unit.Show graphically and explain shortly how much it would cost the firm in the short run, with capital input fixed at K, to keep its output constant at Q0. c) Show graphically and comment shortly on the optimal factor mix that the firm would use to produce Q0 in the long run at the specified minimum wage of €6 per unit.A car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and Total Revenue = 2500X, where X is the number of wheel. Plot the Total Cost and Total Revenue on the graph.