Question 5MOH Enterprise is a firm that specializes in the production of canned tomatoes. The first twocolumns in the following table give the firm's short-run production function when the only variableinput is labor, and capital (the fixed input) is held constant at 5 units. The price of capital is Ghc2,000 per unit, and the price of labor is Ghc 500perunit.Average costAVCATCCostAPMP,TFCTVCTCAFCMC20400040100006015000801940010023000i. Complete the table by calculating the two measures of productivity (APL and MPL) and thevarious categories of cost corresponding to each number of workers.ii. Using the answer in (i) above, what is the relation between average variable cost andmarginal cost of the firm?iii. Using the answer in (i) above, what is the relation between average product and averagevariable cost of the firm?

Answered: Image /qna-images/answer/60bc8b9f-250c-4bbd-80f5-fb81a6064339.jpg

Answered: i. Complete the table by calculating…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Big Mac index is a way of measuring Purchasing Power Parity (PPP) between different countries. By diverting the average national Big Mac prices to U.S. dollars, the same goods can be informally compared. The Big Mac can also be a good indicator for the individual purchasing power of an economy since he exists worldwide in standard size, composition and quality. Price # of Countries Rel. f. Cum. f 1.50-1.99 2 2.00-2.49 4 2.50-2.99 7 3.00-3.49 9. 3.50-3.99 7 4.00-4.49 8 4.50-4.99 9 5.00-5.49 7 5.50-5.99 1 6.00-6.49 2 6.50-6.99 1 a. What is the statistical name of the table above? b. How many countries were sampled? c. State the class width. d. Calculate the mean and standard deviation of the average prices of a Big Mac worldwide. Attach correct symbols and units to your answers. Explain how you obtained your answers.
Only 2.4
A 7. The analyst in the Dorben Company made 10 independent time studies in the hand paint- spraying section of the finishing department. The product line under study revealed a direct relation between spraying time and product surface area. The following data were collected. Study No. 1 2 3 4 5 6 8 9 10 Surface Area 170 12 150 41 130 50 70 105 95 (sq. inches) Standard Time (hours) 0.32 0.11 0.31 0.14 0.27 0.18 7 120 0.24 0.23 0.25 (7a) Compute the slope and intercept constant using regression line equations. (7b) What is the correlation coefficient? (7c) How much spray time would you allow for a new part with a surface area of 250 sq. inches? 0.22
(b) Table 1 shows consumables usage data from a leading manufacturer. Forecast the demand for August, September and October using: i) a three-month moving average ii) a four-month weighted moving average using 50 percent of the actual usage for the most recent month, 20 percent of two months ago, 15 percent of three months ago and 15 percent of four months ago. Using an example, explain what are the benefits of using the weighted moving average method of forecasting instead? Month February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 Consumables Used 884 892 972 990 956 880
For the following situations, identify the type of variable (qualitative, nominal, ordinal, quantitative, discrete, continuous, interval, ratio), multiple types may apply. 1) Data of weight gain of rats fed only junk food for four weeks in an experiment. 2) Data collected from the order that students finsih their exam. 3) Time it takes for a car battery to die
The estimated labor cost associated with a particular proposal is based on the number of plantings of trees, shrubs, and so on to be used for the project. For cost-estimating purposes, managers use two hours of labor time for the planting of a medium-sized tree. Actual times from a sample of 10 plantings during the past month follow (times in hours). 1.6 1.5 2.6 2.3 2.5 2.3 2.6 3.0 1.3 2.3 What is the test statistic? (Round your answer to three decimal places.) What is the p-value? (Round your answer to four decimal places.) p-value =
(2) Based on the graph, describe the pattern of customer visits in store A and store B, respectively (4) If you are a manager from the company headquarters, how would you allocate the personnel resources to store A and store B, respectively
I need expert advice please especially with the graph. The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs Level of Activity(Units Produced) July $230,000 3,500August 250,000 3,750September 260,000 3,800October 220,000 3,400November 340,000 5,800December 330,000 5,500January 200,000 2,900February 210,000 3,300March 240,000…
A. Identify the Level of Measurement for each of the following variables 1. Price of raw materials 2. Aperson's occupation 3. Advertising costs 4. Length of time before a device fails 5. "Star" rating of hotels. 6. Product satisfaction as "Very Unsatisfied, Fairly unsatisfied, until Very satisfied" 7. Types of investments (Stocks, Bonds, others) 8. Standardized exam score (eg. Board exam score) 9. Time (in minutes) it takes students to complete a statistics test 10. Time to execute a command in a computer program B. Identify if the quantity reported is a Parameter or a Statistic 1. Inastudy of Filipino Airlines flights from Japan tothe Philippines, 68 flights are randomly selected and the average (mean) arrival time is 9.2 minutes late. 2. A sample of 120 employees of a company is selected, and the average age is found to be 37 years. 3. Ina study of 320 babies born at four different hospitals in Baguio, it was found that the average weight at birth was 3.175 kgs. 4. Afterinterviewing…
IV. APPLICATION AND ANALYSIS ON QUEUING THEORY. Direction: Given the following assumptions, derive the answer/s for each question. In answering the questions, copy the questions into the Output Area and write your answers after each question. Assumptions: Mean Arrival Rate (2) = 3 customers/hour Number of Ser vers (C ) = 1 Mean Service Rate (U) = 4 customer s/hour 1. Calculate and determine the Occupation Rate. (p) 2. What is the average number in system average (L)? 3. Determine the average system in system (W). 4. What is the average time in queue (Wq)? 5. Determine the length of queue (Lq). Capacity Demand p = Available Capacity u =- L=p/(1- p) Lq= p2/(1- p) = L-p W=LA=1/(u- 2) We-Lψλ- λ( μ(μ- λ)

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