« previous next »

Author Question: Refer to the production function. The total product at 4 units equals ________ units. Fill in the ... (Read 66 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jul 1, 2018
Refer to the production function. The total product at 4 units equals ________ units.
 
  Fill in the blank(s) with correct word

Question 2

Production inefficiency is more likely to occur when the principal has more information about work performance than the agent does.
 
  Indicate whether the statement is true or false


isabelt_18

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

Substituting 4 for X, we get Y= 10 (4 ) + 20 (4 )2 - (4 )3

we obtain Y = 40 + 320 - 64
= 360 - 64
= 296 units

Answer to Question 2

False. It is when the agent has more information that production inefficiency is more likely to occur. The agent is able to shirk without being detected by the principal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

How to find the domain of a function (Part 2) How to find the domain of a function (Part 2)
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Acids and bases - definition

For a complete list of videos, visit our video library