Question

Imagine you have some workers and some hand-held computers that you can use to take inventory at a warehouse. there are diminishing returns to taking inventory. if one worker uses one computer, he can inventory 100 items per hour. two workers can together inventory 150 items per hour. three workers can together inventory 160 items per hour. and four or more workers can together inventory fewer than 160 items per hour. computers cost $100 each and you must pay each worker $25 per hour
awhat is your fixed factor of production for taking inventory?bwhat is your variable factor of production for taking inventory?
cif you assign one worker per computer, what is the variable cost of inventorying a single itemwith one worker? show your work.
(d if you assign two workers per computer, what is the variable cost of inventorying a single item? show your work.
(e if you assign three workers per computer, what is the variable cost of inventorying a single item? show your work.
(f how many workers per computer should you assign if you wish to minimize the cost of inventorying a single item?

Answer 1

Given:
1 computer : 1 worker : inventory 100 items per hour
1 computer : 2 workers : inventory 150 items per hour
1 computer : 3 workers : inventory 160 items per hour

Cost: $100 per computer ; $25 per worker

The fixed factor of production is the computer used. 1 computer per number of worker to inventory a certain number of items.

The variable factor of production is  the number of workers assigned per computer.

total  cost of: 
1 worker : 100 items: (100+25)/100 = 1.25 per item
2 workers : 150 items :(100 + 2(25))/150 = 150/150 = 1 per item   
3 workers : 160 items : (100 + 3(25))/160 = 175/160 = 1.09 per item

Best to employ 2 workers per computer.

Answer 2

Total Cost:

1 labor: 100 items: (100 + 25) / 100 = 1.25 per item

2 labor: 150 items: (100 + 2 (25)) / 150 = 150/150 = 1 per item

3 labor: 160 items: (100 + 3 (25)) / 160 = 175/160 = 1.09 per item

Best to use 2 labor per computer.

Further Explanation

Is known:

1 computer: 1 labor: inventory 100 items per hour

1 computer: 2 labor: inventory 150 items per hour

1 computer: 3 labor: inventory 160 items per hour

Cost: $ 100 per computer; $ 25 per worker

The fixed factor of production is that the computer is used. 1 computer per number of labor to inventory a particular number of things. The variable factor of production is the number of labor assigned per computer.

In contrast to fixed costs that are in plain view will be constant or not change. Important points that you can take from variable costs are as follows:

• The amount of this cost is very dependent on the company's production volume
• Many factors affect the high and low costs, such as the production strategy set by the company
• Variable costs are a reflection of costs incurred by the company based on the output of products produced

In the production process, variable costs can be categorized as direct costs or direct costs of the company, but not all variable costs can be categorized into direct costs of the company.

Learn More

Fixed factor production  https://brainly.com/question/2935909

Variable cost  https://brainly.com/question/2935909

Details

Grade: College

Subject: Business

Keyword: fixed, factor, variable