What is the profit maximizing level of bicycles

Reference no: EM133614665

Problem: Q = 24 L + 55 K where Q is the output of bicycles. The prices of labor (PL), capital (PK), bicycle (P) and the cost (C) are the following: PL=58, PK=16 P=3 C =3310. What is the profit maximizing level of bicycles that Belfast Company should produce?

Reference no: EM133614665

Questions Cloud

Challenges restorative programs face in terms of political : An explanation of how restorative justice differs from traditional approaches to treating offenders and crime victims.

What is the importance of a cover letter : What is the importance of a cover letter? What do you think are the most important points to address in a cover letter? in the field of addicitions

Should withdraw requirement of registration of sex offenders : Do you believe that if sex offender monitoring is no longer a cause to revoke probation or parole.

Defend your position as ibew representative for the case : Defend your position as IBEW representative for the case. Summarize IBEW's position in the case

What is the profit maximizing level of bicycles : The prices of labor (PL), capital (PK), bicycle (P) and the cost (C). What is the profit maximizing level of bicycles that Belfast Company should produce?

Chances of an acquittal if she faces criminal charges : It turns out Erwin is an undercover agent. Under which test will Shanice have the best chances of an acquittal if she faces criminal charges

What is the slope of belfast companys isoquant : Belfast Company produces helmets using labor (L) and capital (K). Its production function is given. What is the slope of Belfast Company's Isoquant?

What are the primary duties involved : what are the primary duties involved in the "compliance department" of either a: Bank, Stock Brokerage Firm, or Insurance company

What are the two variables that the government uses : What are the 2 variables that the government uses to apply expansionary and contractionary fiscal policy? How are they used?

User Account

All Pages