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belka [17]
3 years ago
6

A firm’s production function is q = 12 x0.50 y 0.50, where x and y are the amounts of factors x and y that the firm uses as in

puts. If the firm is minimizing unit costs and if the price of factor x is 5 times the price of factor y, the ratio in which the firm will use factors x and y is closest to:
a. x/y = 0.20.

b. x/y = 0.40.

c. x/y = 1.

d. x/y = 1.67.

e. x/y = 5.
Mathematics
1 answer:
vlada-n [284]3 years ago
7 0

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.

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find attached drawing of the area under the normal distribution and readings off the normal distribution table

Step-by-step explanation:

QUESTION: Beer bottles are filled so that they contain an average of 445 ml of beer in each bottle. Suppose that the amount of beer in a bottle is normally distributed with a standard deviation of 7 ml. a. What is the probability that a randomly selected bottle will have less than 440 ml of beer

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One would also need to illustrate the area covered by such a region in a normal distribution curve (Kindly find attached a diagram of this)

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