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Consider a box with width W, length L, and height H. Suppose you have to construct a box with the following constraint: W+L+H equal or less than 30.
a) Suppose W has to be 12. What is maximizing volume of box? What should L and H be?
b) Suppose W has to be some number x element of set (0,30). In order maximize volume of the box, what should L and H be?
c) Using answers from part B, in order to maximize the box what is the W, L, H?
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he perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units.
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Over the Christmas Break, you are hired by Apple to help make the new iPad. Show completely labeled graph showing the initial equilibrium wage and quantity for the iPad labor market.
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