« previous next »

Author Question: An objective function reflects the relevant cost of labor hours used in production rather than ... (Read 116 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jun 24, 2018
An objective function reflects the relevant cost of labor hours used in production rather than treating them as a sunk cost. The correct interpretation of the dual price associated with the labor hours constraint is
 a. the maximum premium (say for overtime) over the normal price that the company would be willing to pay.
  b. the upper limit on the total hourly wage the company would pay.
  c. the reduction in hours that could be sustained before the solution would change.
  d. the number of hours by which the right-hand side can change before there is a change in the solution point.

Question 2

Read the z statistic from the normal distribution table and circle the correct answer. A one-tailed test (lower tail) at a .063 level of significance; z = _____.
 a. 1.86
  b. 1.53
  c. 1.96
  d. 1.645


frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Tazate

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 24, 2018
Correct answers!


frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Function and structure of aquaporin Function and structure of aquaporin
Encephalization is a function of both brain size and body size. Encephalization is a function of both brain size and body size.
Cost Savings with an EHR System Cost Savings with an EHR System
Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ... Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ...
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
From the following function, find the value of a, so that the AROC From the following function, find the value of a, so that the AROC
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library