subject
Business, 09.04.2020 19:43 Softball6286

Professor Smith and Professor Jones are going to produce a new introductory textbook. As true scientists, they have laid out the production function for the book as q=S1/2J1/2q=S1/2J1/2, where q = the number of pages in the finished book, S = the number of working hours spent by Smith, and J = the number of hours spent working by Jones. After having spent 900 hours preparing the first draft, time that he valued at $3 per working hour, Smith has to move on to other things and cannot contribute any more to the book. Jones, whose labor is valued at $12 per working hour, will revise Smith's draft to complete the book. a. How many hours will Jones have to spend to produce a finished book of 150 pages? b. What is the marginal cost of the 150th page of the finished book? Of the 300th page?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 02:20
The following information is available for jase company: market price per share of common stock $25.00 earnings per share on common stock $1.25 which of the following statements is correct? a. the price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. b. the market price per share and the earnings per share are not statistically related to each other. c. the price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. d. the price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.
Answers: 1
question
Business, 22.06.2019 21:30
Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
Answers: 3
question
Business, 23.06.2019 02:40
James sebenius, in his harvard business review article: six habits of merely effective negotiators, identifies six mistakes that negotiators make that keep them from solving the right problem. identify which mistake is being described. the negotiator has neglected to consider the course of action he will take if the proposed deal is not possible.
Answers: 3
question
Business, 23.06.2019 11:00
Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.
Answers: 2
You know the right answer?
Professor Smith and Professor Jones are going to produce a new introductory textbook. As true scient...
Questions
question
Mathematics, 02.06.2021 03:50
question
Mathematics, 02.06.2021 03:50
question
Mathematics, 02.06.2021 03:50
question
Mathematics, 02.06.2021 03:50
Questions on the website: 13722367