The government sets a minimum wage for employees, and will collect various taxes from the business (sales tax, unemployment insurance tax, etc).
I think d is the answer
Explanation:
all stakeholders must not be independent all must work together
Answer:
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Explanation:
Answer:
Option (B) is correct.
Explanation:
XA + XB = 100
QA = 100XA
QB = 200XB - XB^2
Use the fact that,
XA = 100 - XB
Now total production is Q = QA + QB
Q = 100XA + 200XB - XB^2
Q = 100 × (100 - XB) + 200XB - XB^2
Q = 10,000 + 100XB - XB^2
Output is maximum when Q'(XB) = 0
100 = 2XB = 0
XB = 50
XA = 50
Therefore, the firm’s profit-maximizing allocation of input X is 50 units of XA and 50 units of XB.