Production Function – NBC Institute

QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance

Calculates the number of units produced based on labor and capital input.

Question

The number of units of goods produced when utilizing units of labor and units of capital is given by:

How many units of goods will be produced by using 81 units of labor and 256 units of capital?
A. 2,880
B. 2,908
C. 2,960
D. 5,360
E. 8,640

Answer

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Tags: Capital, Labor, Production Function
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2014

QTB – May 2015 – L1 – SA – Q5 – Operations Research

Identifying marginal productivity functions for labor and capital in a given production function.

Question

ABC Plc announced at its AGM in March 2014 that its production function for the year 2013 was $Q=5L^0.4K^0.6Q =$ , where is the output level, $L$ is the labor input, and $K$ is the capital input. Therefore, the marginal productivity functions for both and $K$ are respectively given as:

Answer

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Tags: Capital Input, Labor Input, Marginal Productivity, Production Function
Level: Level 1

Topic: Operations Research
Series: MAY 2015

CSEG – Nov 2015 – L2 – Q5a – Management perspective

Explain how the production function can be integrated with other functions in a company.

Question

Strategic management is a cross-functional activity. The production function for example, has relationship with other functions of a company. Explain how the production function can be integrated with other functions in company. [4marks]

Answer

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Tags: Cross-functional integration, Organizational functions, Production Function, Strategic Management
Level: Level 2

Topic: Management perspective
Series: NOV 2015

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

Question

Business organizations are established with all the key functional areas to work interactively for the achievement of their short and long-term objectives.

Required:

Explain FIVE (5) ways the production function coordinates its activities with the other functional areas to achieve these objectives.

Answer

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Tags: Coordination, Functional Areas, Organizational Objectives, Production Function
Level: Level 1

Topic: Operations strategy
Series: DEC 2023

QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance

Calculates the number of units produced based on labor and capital input.

Question

The number of units of goods produced when utilizing units of labor and units of capital is given by:

How many units of goods will be produced by using 81 units of labor and 256 units of capital?
A. 2,880
B. 2,908
C. 2,960
D. 5,360
E. 8,640

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital, Labor, Production Function
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2014

QTB – May 2015 – L1 – SA – Q5 – Operations Research

Identifying marginal productivity functions for labor and capital in a given production function.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital Input, Labor Input, Marginal Productivity, Production Function
Level: Level 1

Topic: Operations Research
Series: MAY 2015

CSEG – Nov 2015 – L2 – Q5a – Management perspective

Explain how the production function can be integrated with other functions in a company.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cross-functional integration, Organizational functions, Production Function, Strategic Management
Level: Level 2

Topic: Management perspective
Series: NOV 2015

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

Question

Business organizations are established with all the key functional areas to work interactively for the achievement of their short and long-term objectives.

Required:

Explain FIVE (5) ways the production function coordinates its activities with the other functional areas to achieve these objectives.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Coordination, Functional Areas, Organizational Objectives, Production Function
Level: Level 1

Topic: Operations strategy
Series: DEC 2023

Question Tag: Production Function

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QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance

Calculates the number of units produced based on labor and capital input.

QTB – May 2015 – L1 – SA – Q5 – Operations Research

Identifying marginal productivity functions for labor and capital in a given production function.

CSEG – Nov 2015 – L2 – Q5a – Management perspective

Explain how the production function can be integrated with other functions in a company.

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance

Calculates the number of units produced based on labor and capital input.

QTB – May 2015 – L1 – SA – Q5 – Operations Research

Identifying marginal productivity functions for labor and capital in a given production function.

CSEG – Nov 2015 – L2 – Q5a – Management perspective

Explain how the production function can be integrated with other functions in a company.

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

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QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance

Calculates the number of units produced based on labor and capital input.

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QTB – May 2015 – L1 – SA – Q5 – Operations Research

Identifying marginal productivity functions for labor and capital in a given production function.

You're reporting an error for "QTB – May 2015 – L1 – SA – Q5 – Operations Research"

CSEG – Nov 2015 – L2 – Q5a – Management perspective

Explain how the production function can be integrated with other functions in a company.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q5a – Management perspective"

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

You're reporting an error for "BMIS – Dec 2023 – L1 – Q3a – Operations strategy"

QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance

Calculates the number of units produced based on labor and capital input.

You're reporting an error for "QTB – Nov 2014 – L1 – SA – Q16 – Mathematics of Business Finance"

QTB – May 2015 – L1 – SA – Q5 – Operations Research

Identifying marginal productivity functions for labor and capital in a given production function.

You're reporting an error for "QTB – May 2015 – L1 – SA – Q5 – Operations Research"

CSEG – Nov 2015 – L2 – Q5a – Management perspective

Explain how the production function can be integrated with other functions in a company.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q5a – Management perspective"

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

You're reporting an error for "BMIS – Dec 2023 – L1 – Q3a – Operations strategy"

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