Abottling company uses two inputs to produce bottles of the soft drink sludge: bottling machines, k, and workers, l. the isoquants have the usual smooth shape (bowed towards the point of origin). the machine costs $1,000 per day to run and the workers earn $200 per day. at the current level of production, the marginal product of the machine is an additional 200 bottles per day, and the marginal product of labor is 50 more bottles per day. (1) is the firm producing at minimum cost? (2) if it is minimizing cost, explain why. if not, explain how the firm should change the ratio of inputs it uses to lower cost.

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not