How coldwell banker can produce the same output

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Reference no: EM1319399

Q1. Coldwell Banker is employing 10 acres of land also 50 tons of cement to produce 1,000 parking spaces. Land costs $4,000 per acre also cement costs $12/ton. For the input quantities employed, MPL = 50 also MPC = 4. Elucidate how this situation in an isoquant-iso cost diagram. Elucidate also Elucidate how in the diagram, Elucidate how Coldwell Banker can produce the same output at a lower total cost?

Q2. That of the following does NOT constitute an act of ‘investment ‘ as economists utilize the term?

Reference no: EM1319399

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