Mathematics, 25.06.2021 15:50 odboy345
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: � = 14�*.,�*., + 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 13:20, lorenaandreahjimenez
Figure abcd is a parallelogram. if point c lies on the line x = 2, what is the y-value of point c?
Answers: 1
Mathematics, 21.06.2019 18:30, letsbestupidcx7734
Two cyclists 84 miles apart start riding toward each other at the samen time. one cycles 2 times as fast as the other. if they meet 4 hours later what is the speed (in miles) of the faster cyclists
Answers: 2
Mathematics, 21.06.2019 18:50, hartmaaj95
The first few steps in solving the quadratic equation 9x2 + 49x = 22 ? 5x by completing the square are shown. 9x2 + 49x = 22 ? 5x 9x2 + 54x = 22 9(x2 + 6x) = 22 which is the best step to do next to solve the equation by completing the square? 9(x2 + 6x + 3) = 25 9(x2 + 6x + 3) = 49 9(x2 + 6x + 9) = 31 9(x2 + 6x + 9) = 103
Answers: 3
A manager hires labour and rents capital equipment in a very competitive market. Currently the wage...
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