Solution-The unit price for hiring labour is k5000 and the

The unit price for hiring labour is k5000 and the unit

Reference no: EM13586052

A firm has K250,000 to spend on labour and raw materials. The output of the firm is axy where 'a' is a constant and x and y are respectively the quality of labour and raw materials consumed. The unit price for hiring labour is K5000, and the unit price for raw material is K2500. find the ratio of x to y that maximizes the output?

Reference no: EM13586052

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The unit price for hiring labour is k5000 and the unit

Reference no: EM13586052

Reference no: EM13586052

Questions Cloud

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Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

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