Suppose that John, April, and Tristan have two production plants for producing orange juice. They have a
Question:
where O1 is the number of crates of oranges assigned to plant 1.
The production function for the second plant is
where O2 is the number of crates of oranges assigned to plant 2. What is the best assignment of oranges between the two plants?
Transcribed Image Text:
F1 (01-1, 000(01)-0.5(01)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Plant 1 should use 600 crates of oranges in production and plant 2 should use 250 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
There are two production plants for producing widgets out of labor and capital. Plant 1's weekly production function is and plant 2's weekly production function is a. Do these technologies satisfy...
-
There are two production plants for producing widgets out of labor and capital. Plant 1's weekly production function is Plant 2's weekly production function is There is a total of 100 workers...
-
Tom and Jerry are roommates. They spend a total of 80 hours a week together in their room. Tom likes loud music, even when he sleeps. His utility function is UT (CT,M) = CT + M, where CT is the...
-
The Justice Department has been asked to review a merger request for a market with the following four firms. Firm Assets A .......... $156 million B .......... 130 million C .......... 45 million D...
-
Consider one of L.A. Darlings manufacturing facilities. Suppose this facility assembles parts for displays to be sold to Wal-Mart, Kmart, and Walgreens. There are three departments assembly, power,...
-
Jeanie acquires an apartment building in 2005 for $250,000 and sells it for $500,000 in 2016. At the time of sale there is $75,400 of accumulated straight-line depreciation on the apartment building....
-
Under IFRS, for non-financial companies, most non-current assets are measured at: A. Fair value. B. The lower of cost or fair value. C. Cost less depreciation and impairment. D. Net realisable value.
-
The following information pertains to Godwin Motors, which uses the allowance method for receivables: Required a. Assuming that Godwin Motors recorded bad debt expense of $25,600 in 2012, what amount...
-
sked byChina699 BEMIDJI STATE UNIVERSITY Department of Technology, Art & Design TADT 3217 : Materials Science & Metallurgy Hardness Testing [A continued look at the Heat Treatment of Steel] ...
-
For each of the following items, indicate how the financial statements will be affected. Identify the affected accounts specifically. 1. Whirlpool Corporation sells electric appliances, including...
-
Suppose that John, April, and Tristan have two production plants for producing orange juice. They have a total of 850 crates of oranges. Plant 1's production function is while plant 2's production...
-
Beta Inc. has two production plants that use finely divisible labor to produce its output. The production function in plant 1 is where L1 is the amount of labor assigned to plant 1 and ln(X) is the...
-
Why dont we feel atmospheric pressure?
-
Bring to class a box of toothpicks and glue. Take out 12 toothpicks and use the glue to create some form out of the toothpicks. After you have finished, display your creation. Discuss all the...
-
Determine the cost-effectiveness of SPP for installing three smart thermostats in a house in Phoenix, AZ, at a total cost of $700. The house has an overall BLC of 500 Btu/Fhr and is cooled with an AC...
-
Define message and explain how verbal and nonverbal actions are interpreted holistically by group members.
-
Describe and give examples of secondary groups.
-
Explain what a theory is and why systems theory is useful for studying small group communication.
-
Sketch a graph of a function whose derivative is always negative. Explain how you found the answer.
-
A 20-cm-square vertical plate is heated to a temperature of 30oC and submerged in glycerin at 10oC. Calculate the heat lost from both sides of the plate.
-
1. Assume that the elasticity of demand for chewing tobacco is 0.70 and the elasticity of supply is 2.30. Suppose an antic hewing campaign decreases the demand for chewing tobacco by 18 percent. The...
-
1. Assume that the elasticity of demand for chewing tobacco is 0.70 and the elasticity of supply is 2.30. Suppose an antic hewing campaign decreases the demand for chewing tobacco by 18 percent. The...
-
1. Assume that the elasticity of demand for chewing tobacco is 0.70 and the elasticity of supply is 2.30. Suppose an antic hewing campaign decreases the demand for chewing tobacco by 18 percent. The...
-
You invest 50% of your financial assets in the Vanguard Total Stock Market ETF (VTI) and 50% in the Vanguard Total Bond Market ETF (BND). VTI has an expected return of 8% and a standard deviation of...
-
You have found the car you would like to purchase. The negotiated price = $57,500 and you are taking out a loan with a 7.5% APR compounded monthly for 6 years. What are your monthly payments? Car...
-
Suppose a male member currently aged 35, entered service at his age of 25, has a current salary of $75, 000 and total past salary of $650, 000. Assume that salaries increase at the beginning of each...
Study smarter with the SolutionInn App