1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
professor190 [17]
3 years ago
13

A manager hires labour and rents capital equipment in a very competitive market. Currently the wage rate is GH¢2 per hour and ca

pital 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?
Mathematics
1 answer:
Veseljchak [2.6K]3 years ago
8 0

Solution :

It is given that the manager hires a labor and he rents the capital equipment \text{in a very competitive market}.

Presently the rate of the wage is at $ 10 per hour and the capital is been rented at $ 0.25. If the \text{marginal product} of the labor is 50 units of the output per hour and the marginal.

Therefore, the answer is

14 + 10 = 24

You might be interested in
Given f(x)= √7x and g(x) = 1/x-8 which value is in the domain of f^o g
bekas [8.4K]

Answer: x>8

Step-by-step explanation: when we plug g(x) into f(x) we get sqrt7(1/x-8) and when you graph (as shown below) this you see that the graph has a vertical asymptote of 8 therefore the domain is x>8

8 0
3 years ago
For babysitting, Nicole charges a flat fee of $3, plus $5 per hour. Find the slope and y-intercept of the data
Vlad1618 [11]

Answer:

slope: 5

y-intercept: 3

therefore y=5x+3

Step-by-step explanation:

the slope is the value that is changing; as time passes the price increases by $5 per hour

the y-intercept is where the function crosses the y-axis (when x is 0); so when no time has passed.

6 0
3 years ago
Read 2 more answers
Which is a composite number<br> 81<br> 61<br> 71<br> 41
Ne4ueva [31]

Answer:

81

Step-by-step explanation:

A composite number has factor more than just one and itself.

Factors of 81=

1, 3, 9, 27, 81

4 0
3 years ago
The population of a city is 578,992. The land area of the city is 67.2 mi².
Inessa05 [86]
Sorry man I don't know if im write but try 28.78
5 0
3 years ago
Read 2 more answers
W trójkącie ABC połączono wierzchołek C z punktem D który jest środkiem boku AB . Wyznaczono równierz środek odcinka CD punkt E
qwelly [4]
Translate into English please
8 0
3 years ago
Other questions:
  • What is the y-intercept of these two functions and how do you calculate it? Thank you!!!! (15 points)
    10·1 answer
  • Evaluate 5p to the power of 3 when p = -2
    14·2 answers
  • The width of the triangle is 3/4 the length. The perimeter is 252cm. What is the width of the triangle.
    6·1 answer
  • Given f as described below.
    8·1 answer
  • Malcom has a gift card with a 150$ balance. He buys several video games that cost 35$ each.after purchases his gift card balance
    9·1 answer
  • Find the constant of variation k for the direct variation. 4x = –6y
    15·2 answers
  • Yolanda bought some books. She spent a total of $45 after a discount of $6 off of her total purchase. Each book cost $3. How man
    6·2 answers
  • Write the smaller solution first, and the larger solution second.
    12·2 answers
  • Please help me with question 1 and 2.
    11·2 answers
  • Help pls!! Which would not be an enlargement or reduction of the letter below?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!