Managerial economics, economics, Microeconomics

Assignment Help:

A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least cost) of labor and raw material if the company wants to produce 1602 units of output? [The answers are may not be round numbers. You can round to 1 decimal point]

Related Discussions:- Managerial economics, economics

What is cost effectiveness analysis, Q. What is Cost effectiveness analysis...

Q. What is Cost effectiveness analysis? Cost effectiveness analysis A method which seeks to identify the least cost option for meeting a particular objective. It actives prior

Cournot firms reaction function, Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB...

Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2

The demand curve, The Demand Curve - The demand curve exhibits how much...

The Demand Curve - The demand curve exhibits how much of a good consumers are ready to buy as the price per unit changes keeping non-price factors constant. - This price-qua

Monopoly, if the inverse demand curve is p=120-Qand the marginal cost is co...

if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,

Theory of demand curves, Explain the graph as their is an increase in incom...

Explain the graph as their is an increase in income

Supply, conditions for an abnormal supply curve

conditions for an abnormal supply curve

Demand and supple, I need help

I need help

The nature of microeconomics, what is the nature of microeconomics?

what is the nature of microeconomics?

Elasticity of demand, Elasticity of Demand This is a measure of how re...

Elasticity of Demand This is a measure of how responsive the sales volume of goods is to changes in that product's price, equal to the marginal change in sales, divided by the

Market structures, Explain the monopolistic competition model of equilibriu...

Explain the monopolistic competition model of equilibrium with price competition under chamberlin s model

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages