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

Revise business plans to incorporate appropriate cha, Revise business plans...

Revise business plans to incorporate appropriate changes.

1, a) Consider the following flows (in thousand of people) between the vari...

a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000

Microeconomics, I need help on MCQs on international trade and imperfect co...

I need help on MCQs on international trade and imperfect competetion

Mixed economy, How solve central problem of economy in mixed economic syste...

How solve central problem of economy in mixed economic system?

PPF, draw a PPF when a hurricane slows down the nest two months of butter p...

draw a PPF when a hurricane slows down the nest two months of butter production?

Markets, under which market structure does the banking sector fall?

under which market structure does the banking sector fall?

Consumer equilibrim, explain consumer equilibrium diagrammatically as well ...

explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions

Theory of production, how to calculate tc,tvc,tfc,afc and mr

how to calculate tc,tvc,tfc,afc and mr

Theory of the firm - product., what is the relationship between TP, MP and ...

what is the relationship between TP, MP and AP

Explain hard currency, International economic relations also vary, in large...

International economic relations also vary, in large measure, on monetary issues. You are unlikely to accept the Turkish Lire in payment for your wages in this country, easily bec

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