Answer the following statements true (T) or false (F)
1. The marginal value product for labor is equal to the marginal physical product for labor times
the product price.
2. Given the graph below, the area beneath the MVP curve and above the marginal input cost
(wage rate) curve represents the cumulative net benefit associated with the level of production.
3. Average variable costs is equal to the firm's total variable costs divided by its total output.
4. An example of average physical product in agriculture is the yield or number of bushels of corn
produced per acre.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
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The company you work for is considering a new product line projected to have the net cash flows (NCF) shown. The values are in future dollars, which have been inflated by 5% per year. Because the plant manager is unsure how the present worth is calculated, he asked you to do it in two ways over the 4-year planning horizon: (1) using the company’s market rate of 20% per year, and (2) converting all of the estimates into CV dollars and using the company’s real rate. You said both ways will provide the same answer, but he asked you to show him the calculations. What is the present worth by method (1) and method (2)? Solve by hand and spreadsheet.
 FIGURE 1.png)
If PSK Engineering had a CFAT of $750,000, charged depreciation of $400,000, and had a Te of 36%, what was PSK’s CFBT?
What will be an ideal response?
Four-piston calipers are ________
A) Used on high performance vehicles B) Easier to service than single-piston calipers C) More commonly used than single-piston calipers D) Not as strong and powerful as single-piston calipers
Identify three major advantages of a cast film over an extruded film. Identify one major disadvantage of the cast film
What will be an ideal response?