Explain how much shelter, Explain how much shelter can she

Explain how much shelter

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Reference no: EM138240

Q1. Suppose we use two inputs, let's say capital and labor, and the price of capital is Pk and the price of labor is Pl. If we want to know the optimal input combination in the long run, what condition must be met?

Q2. If the consumer budget constraint is given by 4F + 1 S = 994, where F is food and S is shelter, Explain how much shelter can she buy if she purchases 2 units of food? (Round your answer to 1 decimal point)

Reference no: EM138240

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