What is rb in the most efficient combination

Reference no: EM133706686

Question: In this example, there are two inputs. It works as if there are two production elements. The company Hreinn ehf. produces soaps, the production uses flowers (rB) and soap massai (rS). The company's production function is described by rB * rS = Q . What is rB in the most efficient combination of the production factors if the price of each unit of flowers is ISK 48. and the price of each unit of soap mass is 46 ISK.? Q = 64 Enter the answer with at least three significant digits.

Reference no: EM133706686

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