D. Price ceiling
This is a government regulation that establishes a maximum price for a specific thing.
The moisture content of cocoa liquor is closest to the cocoa bean itself. From which it is produced. Contains both cocoa solids and butter equally.The used oc moisture analyzer is to confirm moisture content rather than control it.
Answer:
L = 0
K = 535.36
Q = 99,577 units
Explanation:
Q = 118L + 186K
Budget line: C = L.PL + K.PK
5,889 = 16L + 11K
This is a linear production function, indicating labor and capital are perfect substitutes. Optimal bundle lies on one of the corner points on isoquant.
From budget line,
When L = 0, K = 5,889/11 = 535.36
Q = 118*0 + 186*535.36 = 0 + 99,576.
96 = 99,577 units
When K = 0, L = 5,889 / 16 = 368.06
Q = 118*368.06 + 11*0 = 45,555.08 + 0 = 45,555 units
So, output is maximized when L = 0 and K = 535.36, since Q = 99,577 units (optimal labor).
Hope this helps!
<span>Government can definitely influence the consumer decisions by giving out certain information. So the consumers do not buy the products that are revealed to be dangerous. Sometimes this government involvement in the company business may affect the consumers like if the government takes some of the company's profit, the companies will charge higher for the consumers.</span>
