In the Elwyn Company the relationship between end product ( Q ) and the figure of hours of skilled labour ( S ) and unskilled labour ( U ) is Q 300S 200U – 0. 2S2 – 0. 3U2 The hourly pay of skilled labour is 10. and the hourly pay of unskilled labour is 5. The house can engage every bit much labour as it wants at these pay rates. Elwyns main applied scientist recommends that the house hire 400 hours of skilled labour and 100 hours of unskilled labour.
Measure this recommendation
If the Elwyn Company decides to pass a sum of 5. 000 on skilled and unskilled labour. how many hours of each type of labour should it engage If the monetary value of a unit of end product is 10 ( and does non vary with end product ) . how many hours of unskilled labour should the company hire ( Chapter 5 job 1. see reply on webct assignment 2 )
The Smith Company made and sold 10. 000 metal tabular arraies last twelvemonth. When end product was between 5. 000 and 10. 000 tabular arraies. its mean variable cost was 24. In this end product scope. each tabular array contributed 60 per centum of its gross to fixed costs and net incomes. What was the monetary value per tabular array If the Smith Company increases its monetary value by 10 per centum. how many tabular arraies will it hold to sell following twelvemonth to obtain the same net income as last twelvemonth.
If the Smith Company increases its monetary value by 10 per centum. and if its norm variable cost additions by 8 per centum as a consequence of pay additions. how many tabular arraies will it hold to sell following twelvemonth to obtain the same net income as last twelvemonth Chapter 6 job 12. see reply on webct assignment Raleigh Company is a monopolizer. bring forthing and selling the merchandise with the demand curve P 30 – 6Q where P is monetary value ( in 1000s of dollars ) and Q is the houses end product ( in 1000s of units ) .
The houses entire cost map is TC 14 3Q 3Q2 where TC is entire cost ( in 1000000s of dollars ) What is the houses fringy gross ( MR ) and fringy cost ( MC ) At what degree of end product does the house maximise its net income What is the net income maximizing monetary value ( P ) of the house Is the monetary value higher than fringy cost ( MC ) What is the net income of the house ( Chapter 8 job page 267 )
James Pizzo is president of a house that is the monetary value leader in the industry that is. it sets the monetary value and the other houses sell all they want at that monetary value. In other words. the other houses act as perfect rivals. The demand curve for the industrys merchandise is P 300 – Q where P is the monetary value of the merchandise. and Q is the entire measure demanded. The entire sum supplied by the other houses is equal to Qr where Qr 49P.
