Uses two types of workers–skilled and unskilled

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Reference no: EM131241747

A construction site uses two types of workers – skilled (S) and unskilled (U). They produce feet of new pavement (Q) per day according to the production function.

Q = 100S -5S² + 50U – 5U²

Skilled workers are paid $200 per day, while unskilled workers are paid $100 per day. The company paid $40,000 for equipment for the skilled workers. The company has a daily budget of $2,000 to hire skilled and unskilled workers.

a. How many skilled and unskilled workers should be hired in order to produce the most pavement?

Show your work/thought process:

b. What is the profit-maximizing Q?

Reference no: EM131241747

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