Mathematics, 30.06.2021 21:10, 224509
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:
Q= 140.5 0.5+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 19:10, happy121906
With this question substitute t=3 and t=5 to determine if the two expressions are equivalent. 4(t + 3) 4t+12 which statements are true? check all that apply. a. the value of both expressions when t =5 is 32. b. the two expressions are not equivalent. c. the value of both expressions when t=3 is 15. d. the value of both expressions when t=5 is 23. e. the two expressions are equivalent. f. the value of both expressions when t=3 is 24.
Answers: 3
Mathematics, 21.06.2019 23:20, cynayapartlow88
Which best describes a central bank's primary goals? limiting inflation and reducing unemployment reducing unemployment and maintaining cash flow controlling stagflation and reducing unemployment managing credit and ensuring the money supply's liquidity
Answers: 1
Mathematics, 22.06.2019 02:50, harodkdc7910
Is (root2 -2)^2 rational or irrational. show the steps and answer fast
Answers: 2
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