Answer:
The answer is E.
Step-by-step explanation:
The firm minimizing the cost of production when the input value x is 5 time bigger than y. At the point firm is making maximum profit, then firm need to preserve this ratio. Therefore when the ratio of x/y=5 is the closest ratio that the firm can minimize the cost of the production.
The answer would be 317d or you could
do 317(d)
Answer:
A
Step-by-step explanation:
Answer: 8
Step-by-step explanation: 5x+3y=7 & 3x-2y=8
X = 0.6666.... |multiply both sides by 10
10x = 6.666...
10x - x = 6.666... - 0.666...
9x = 6 |divide both sides by 9
x = 6/9
x = 2/3
0.666... = 2/3
2/3 = 2/3 · 100% = 200/3% = 66 2/3 %