A Firm Has Two Factories

question 18

Multiple Choice

A firm has two factories.One factory has the cost function c1(y1) = 2y21 + 90 and the other has the cost function c2(y2) = 6y22 +40.If the firm wishes to produce a total of 32 units as cheaply as possible, how many units will be produced in the second factory?

• A)7
• B)2
• C)8
• D)14
• E)None of the above.

Infer the impact of contemporary business trends and organizational culture on behavior.

Comprehend the value of diversity and inclusion within organizational culture.

Understand the impact of gender on earnings within the workforce.

Grasp the significance of fit between organizational culture and individual characteristics.

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Definitions:

Consistent

Characterized by staying the same over time, showing reliability or uniformity in actions or outcomes.

Stability

Refers to the condition of being steady, firm, or unchanging over time.

Personality Traits

Enduring characteristics or qualities that define an individual's behavior across various situations.

Nature-Nurture Debate

The ongoing discussion concerning the relative importance of an individual's innate qualities versus their personal experiences in determining or causing differences in physical and behavioral traits.