Mathematics, 02.07.2021 23:40 emma8292
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: 2
Mathematics, 21.06.2019 17:30
Is appreciated! graph the functions and approximate an x-value in which the exponential function surpasses the polynomial function. f(x) = 4^xg(x) = 4x^2options: x = -1x = 0x = 1x = 2
Answers: 1
Mathematics, 21.06.2019 19:00
John used linear combination to solve the system of equations shown. he did so by multiplying the first equation by -3 and the second equation by another number to eliminate the x-terms. what number did jonas multiply the second equation by? 4x-6y=23x+5y=11
Answers: 2
Mathematics, 21.06.2019 20:50
Which of the following pair(s) of circles have las a common external tangent? select all that apply. a and b a and c b and c
Answers: 3
A manager hires labour and rents capital equipment in a very competitive market. Currently
the wage...
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