Managerial Economics HW #4 (Chapter 5) 1.A firm can manufacture a product according to the production function Q F(K‚ L) K3/4L1/4 a. Calculate the average product of labor‚ APL‚ when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the average product of labor change when the firm uses 81 units of labor? Saat (Capital) K = 16 (Labour) L = 16 Q = (16)0‚75(16)0‚25 Q = (8)(2) = 16 APL =Q/L =16/16=1. Saat K= 16 Q= 81 Q = (16)0‚75(81)0‚25 Q = (8)(3)
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CHAPTER 13 1. | | | Imagine comparing a manufacturing operation using regular lot-sizing and the same operation with a Kanban/lean production approach. What would be your expectations of the difference between the total cost (i.e.‚ inventory holding costs + setup/ordering costs) of each? | | | Student Response | Value | Correct Answer | A. | Inventory holding cost will increase non-linearly with inventory | | | B. | Total costs will be lower for the regular lot-size
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Institutional Economic Theory‚ Economics 451‚ Final Examination Review According to the institutional (functional) theory of resources: resources are functionally scarce *resources are a function of knowledge resources are a function of nature neutral stuff is converted into resources but remains scarce Which of the following is a prerequisite to capital accumulation according to Institutionalists? saving interest money *none of the above For Institutionalists‚ mass production
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Background to the Study Teachers at different stages use examination to assess and evaluate the academic achievement of students in the school system. In all teaching and learning situations therefore‚ it is essential to find out from time to time how much the students are achieving from what they are being taught. In order to do this effectively‚ teachers‚ examining bodies like the West African Examination Council (WAEC)‚ National Examination Council (NECO)‚ National Teachers Institute (NTI) etc and
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INTERVIEW QUESTIONS 1. In your opinion would you say technology plays a vital role in the National Commercial Bank? 2. What are some of the ways in which technology makes the managers’ work easier in the day to day operations of the business? 3. What are some of the fraudulent activities that such a software or technological device detect? 4. Have there ever been any major bank robberies at this bank? 5. Why do you plan to implement any new technological device or software in this bank? 6
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by how well his homework and daily grades are. Don’t try to say "oh‚ but you can cheat on all that stuff." Because you can cheat on a test as well. It’s not right to determine whether or not a person should pass for the semester ‚ by putting a 60 question test under their nose. Much less the TAKS/STARR tests. Its stupid. If you can pass the class with normal school work and daily papers‚ there is no need for major tests and such. Report Post Like Reply 0 2 Where to begin? Educational tools
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Concise Guide for CHALR Examination Marine Soft Tech Page No. Sl. No. 1. 2. 3. 4. 5. What is the purpose of Customs Act‚ 1962 ? ................................................. What are Customs Duties ? ......................................................................... What is Customs Tariff Act‚ 1975 ? ............................................................. What is the Authority to levy Customs Duty ? .............................................. How many Chapters & Sections are
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2nd International Conference on Electronic & Mechanical Engineering and Information Technology (EMEIT-2012) Design and Implementation of the Network Examination System Based on B/S Fanqi Meng Baicheng Normal University Baicheng‚ 137000‚ China asdf0195 @163.com Keywords: reform of test; B/S; database of item pool; network examination Abstract. Today the changes of the test mode are common. Many exams have adopted computer test‚ so the reform of text mode will be a trend in universities. Based
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Examination reforms: Introduction * Our education system is universally criticized for a number of gaps in our examination system. * It is criticized for not keeping pace with the demand of the outside world‚ for not being scientific and comprehensive for not considering the practical skills required for good adjustment and for its traditional methods of measurements. * Time and again various committees and commissions have tried to address the inherent malice in the examination system
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what is the amount of bad debts expense for that period? Answer: B - $12‚000 3) Intangible assets Answer: B - should be reported as a separate classification on the balance sheet 4) Intangible assets are the rights and privileges that result from ownership of long-lived assets that Answer: C - do not have physical substance 5) The book value of an asset is equal to the Answer: D - asset’s cost less accumulated depreciation 6) Gains on an exchange of plant assets that has commercial
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