Suppose that the Acme Gumball Company has a perfect complements production function that requires it to use two gumball presses (K) and one worker (L) to produce 1000 gumballs per hour. Let Q measure the number of gumballs per hour in thousand, i. e. Q = 1 for the production of 1000 gumballs per hour. a. Write the production function for gumballs. What is the lowest cost combination of K and L that would allow Acme to produce 50,000 gumballs per hour?
b. Suppose that the price of gumball press is $3 per hour and the price of labor is $5 per hour. What is the total cost of producing 50,000 gumballs per hour?

a

explanation:

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.