Swim coach Rob teaches athletes how to swim freestyle while keeping their hips raised. Let q represent the number of swimmers that learn the technique, and let h represent the number of hours of individual training Rob provides in which the swimmers focus on their hips. The team's production function is 0.10 Rob is paid $160 per hour of practice What is the cost function, C (q) ? The cost function is C) 160q10 (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E. g, a superscript can be created with the character.) What is the marginal cost function m (q) ? M (a) 1600q9 (Properly format your expression using the tools in the palette) Now suppose that Rob has learned a new method to teach swimmers how to swim with their hips raised. His new team production function is qh0 80 What is the cost function? C () Properly format your expression using the tools in the palette.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Swim coach Rob teaches athletes how to swim freestyle while keeping their hips raised. Let q represent the number of swimmers that learn ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Karl Corp.'s trial balance of income statement accounts for the year ended December 31, Year 1, included the following: Debit Credit Sales $80,000 Cost of sales $ 60,000 Administrative expenses 15,000 Loss on sale of equipment 9,000 Commissions to
Answers (1)
Because Bernard was convicted of sexually abusing four adolescent girls, he is now labeled as a child sexual predator and must be registered with the local sheriff's office for the rest of his life.
Answers (1)
Aggregate expenditure, or the total amount of spending in the economy, equals A. consumption spending plus planned investment spending plus government purchases plus net exports. B. total spending by households plus total spending by businesses. C.
Answers (1)
On December 31, Krug Company reported stockholders' equity of $280,000 prior to the following adjusting entries:Depreciation expense: $31,000. Accrued service revenues: $29,000. Accrued expenses: $12,000.
Answers (1)
True or False? It is not necessary to document patient medications prescribed by other physicians.
Answers (2)
New Questions in Business
A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost $4 million; it will have installation costs of $750,000 but no salvage or residual value.
Answers (1)
What is exchange rate risk?
Answers (1)
Liability of foreignness is the inherent disadvantage experienced by foreign firms in host countries because of their non-native status. True / False.
Answers (1)
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed expenses were $37,000.
Answers (1)
If you were using a simple exponential smoothing forecast model (alpha value equal to 0.30) that generated a forecast of 25.
Answers (1)