Mathematics, 02.05.2021 16:30 bakerj4314
One unit of commodity A is produced by combining 1 unit of land,2 units of labour and 5 units of capital. Also 1 unit of commodity B is produced by 2 units of land,2 units of labour and 5 units of capital. Also 1 unit of commodity B is produced by 2units of land,3 units of labour and 1 unit of capital. similarly,1 unit of commodity C results from the use of 3 units of land,1 unit of labour and 3 units of capital. Assuming that the prices for commodities A, B and C are respectively Pa= #270, Pb=#160 and Pc=#190.Find the total rent(R) ,the wages(W) and interest(I) of the three resources
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