![subject](/tpl/images/cats/ekonomika.png)
Cookie Monster Inc. produces cookies using two inputs, cookie dough and chocolate chips. The firm’s production function is given by Q(D, C) = D^2C, MPD = 2DC, MPC = D^2, where Q denotes the quantity of cookies per day, D the batches of cookie dough per day, and C the cups of chocolate chips per day. Assume that the price of a batch of cookie dough is $2 and the price of a cup of chocolate chips is $1.
a) How much dough and chocolate chips should the firm use to maximize pro- duction if it has a fixed budget of $900 to spend on production?
b) What is the maximum number of cookies it can produce with $900?
2. Cookie Monster Inc. produces cookies using two inputs, cookie dough and chocolate chips. The firm’s production function is given by Q(D, C)=DC, MPD =C, MPC =D, where Q denotes the quantity of cookies per day, D the batches of cookie dough per day, and C the cups of chocolate chips per day. Assume that the price of a batch of cookie dough is $1 and the price of a cup of chocolate chips is $3.
a) How much dough and chocolate chips should the firm use to produce 300 cookies at minimum cost?
b) What is the minimum cost of producing 300 cookies?
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 19:30, jachecj3269
The framers of the us constitution created a system of government that established branches of government set forth the powers of such a branches and placed limits on those powers what are the benefits of such a system? are there any problems associated with such a system?
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 22:00, tynyiaawrightt
Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases. b. the equilibrium wage increases and the equilibrium quantity of labor decreases. c. the equilibrium wage decreases and the equilibrium quantity of labor increases. d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 22:00, vanessacasillas452
What resourse is both renewable and inexpensive? gold coal lumber mineral
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 00:40, doublejojo214
What role do business cycles play in a market economy
Answers: 2
You know the right answer?
Cookie Monster Inc. produces cookies using two inputs, cookie dough and chocolate chips. The firm’s...
Questions in other subjects:
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 02.09.2020 23:01
![Konu](/tpl/images/cats/en.png)
English, 02.09.2020 23:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 02.09.2020 23:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 02.09.2020 23:01
![Konu](/tpl/images/cats/en.png)