Answer:
to maximize profit, farmer must use 0.208 pounds of fertilizers
Explanation:
For profit maximization, marginal revenue must be equal to marginal cost.
Here marginal product of fertilizer= 1-N/200
selling price per busher= $4
total marginal revenue= (1-N/200)× 4
Total cost of fertilizer= 1.2N
To maximize profit
Marginal cost= marginal revenue
1.2N= (1-N/200)× 4
4.8N= 1-N/200
N= 0.208 pounds
to maximize profit, farmer must use than 0.208 pounds of fertilizers
Answer:
The public debt owed by Eastland is $400 million
Explanation:
In this question, we are asked to calculate the amount of public debt in Eastland.
Public debt refers to the amount of money owed by a country to external borrowers.
It doesn’t include such debt that the country owes itself. For example, debts owed by one agency of government to another.
Hence to calculate the public debt of Eastland, we add the amount of debts owed by citizens of Eastland + Amount of debts owed by foreign citizens in Eastland .
Amount of debt owed by citizens of Eastland is $200 million while the amount of debt owed by foreign citizens is also $200 million.
Mathematically the public debt will be ; $200 million + $200 million = $400 million
Answer:
a. $142,500
b. $86,250
Explanation:
a. The computation of the total direct manufacturing cost is shown below:
= (Direct material per unit + direct labor per unit) × number of units manufactured
= ($7.20 + $4.20) × 12,500 units
= $142,500
b. The computation of the total indirect manufacturing cost is shown below:
= (Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit) × number of units manufactured
= ($1.70 + $5.20) × 12,500 units
= $86,250
Products that have revisions that take more than 1 year can not be revised until the following year. Thus, the statement is true.
<h3>What is a product?</h3>
A product is referred to as a finished item that is ready for sale in the market to serve the customers. These products are tangible in nature so that people can see, touch and use them.
Product revision has been referring to making any modifications or changes to the current product. These product revision has been done when customers are not satisfied with the quality or packaging of the product.
When the product is revised with a time duration of 3 months then this will be considered efficient whereas if takes time of more than a year, it will be considered a product failure.
The revision should not cause delay because there are many competitors available in the market to capture the target audience of your business.
Learn more about the Product, here:
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Answer: true
Explanation:
From the question, we are informed that a key process topic that should be part of early discussions regarding ground rules is appropriate decision making and problem solving, ensuring that the project manager and core team understand who makes each type of decision and how those decisions are made.
This is true. It should be noted that for a project manager to achieve his or her goals, the person must be a problem solver and have what it entails to succeed.