Mathematics, 30.06.2021 21:10 224509
A manager hires labour and rents capital equipment in a very competitive market. Currently the wage rate is GH¢2 per hour and capital is rented at GH¢5 per hour, the unit price of the product is GH¢0.25 and total cost is 1000. Suppose the firm’s production function is as follows:
Q= 140.5 0.5+10
i. What is the amount of labour and capital the firm should employ in order to maximize output? [Hint: Maximise the product function subject to the cost constraint]
ii. What is the maximum profit?
Answers: 1
Mathematics, 21.06.2019 18:30
1.two more than the quotient of a number and 6 is equal to 7 use the c for the unknown number translate the sentence into an equation
Answers: 1
Mathematics, 21.06.2019 23:00
Asporting good store is offering 30 percent off of the original price(x) of football cleats. the discount will be reduced by an another $7 before sales tax.
Answers: 1
Mathematics, 21.06.2019 23:30
Afriend of mine is giving a dinner party. his current wine supply includes 10 bottles of zinfandel, 8 of merlot, and 11 of cabernet (he only drinks red wine), all from different wineries. (a) if he wants to serve 3 bottles of zinfandel and serving order is important, how many ways are there to do this? ways (b) if 6 bottles of wine are to be randomly selected from the 29 for serving, how many ways are there to do this? ways (c) if 6 bottles are randomly selected, how many ways are there to obtain two bottles of each variety? ways (d) if 6 bottles are randomly selected, what is the probability that this results in two bottles of each variety being chosen? (round your answer to three decimal places.) (e) if 6 bottles are randomly selected, what is the probability that all of them are the same variety? (round your answer to three decimal places.)
Answers: 3
A manager hires labour and rents capital equipment in a very competitive market. Currently the wage...
Computers and Technology, 11.01.2020 15:31
Mathematics, 11.01.2020 15:31
History, 11.01.2020 15:31
Mathematics, 11.01.2020 15:31
Chemistry, 11.01.2020 15:31
Chemistry, 11.01.2020 15:31
Biology, 11.01.2020 15:31
Mathematics, 11.01.2020 15:31
Mathematics, 11.01.2020 15:31