Touchie MacFeelie's Production Function Is 0

question 25

Multiple Choice

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4, where J is the number of old jokes used and L is the number of hours of cartoonists' labor.Touchie is stuck with 1,600 old jokes for which he paid 6 dollars each.If the wage rate for cartoonists is 5 dollars, then the total cost of producing 108 comics books is

• A)15,007.50 dollars.
• B)5,002.50 dollars.
• C)10,113 dollars.
• D)10,005 dollars.
• E)2,501.25 dollars.

Appreciate the importance of delegation and the risks of micromanagement.

Understand the role of ethical and servant leadership in promoting individual and organizational welfare.

Realize the importance of participative decision making and teamwork in leadership effectiveness.

Identify strategies for inspiring and supporting team members, including meeting their needs and providing emotional support.

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Definitions:

Weighted Average

A calculation that takes into account the varying weights of different items in a dataset, commonly used in inventory costing.

Unit Selling Price

The price that a customer pays for one unit of a product or service.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some numbers more than others.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit.