The Long-Run Cost Function for Jeremy's Jetski Rentals Is: C(q)=

question 53

Essay

The long-run cost function for Jeremy's Jetski Rentals is: C(q)= q².The long-run marginal cost function is MC(q)= 5q.If Jeremy can sell as many jetski rentals as he desires at $50,calculate his optimal output in the long run.

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Definitions:

International Assignees

These are employees who are sent by their companies to work in a foreign country for a specified period of time, often to manage global operations or transfer skills.

Strategic International Human Resources Planning

The process of designing and implementing HR policies and practices that effectively align with and support an organization’s global strategy and operations.

Management

The coordination and administration of tasks to achieve a goal, including planning, organizing, staffing, directing, and controlling organizational resources.

International Human Resources

The dimension of human resource management that deals with managing employees in a global context, considering different cultural, legal, and economic systems.