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

Marris model, explain marris model of the managerial enterprise

explain marris model of the managerial enterprise

Molarity and normality, What is the Molarity and Normality of the ferrous a...

What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)

Supply and demand, Suppose scientists discover that eating soybeans prevent...

Suppose scientists discover that eating soybeans prevents cancer and heart disease

Perfect competition, equilibrium price and output.

equilibrium price and output.

Theory of Consumer Behavior, Assignments

Assignments

Using the tool of indifferent curve highlight on com, using ? tools of eco...

using ? tools of economic highlight on comsumption

Demand forecasting, What is Demand Forecasting? Explain in brief various me...

What is Demand Forecasting? Explain in brief various methods of forecasting Demand.

Imperfectly competitive firms, ..

International economics., How has the Haberler''s theory of opportunity cos...

How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade

Draw the budget line, Assume you go to the market to buy apples (x1) and or...

Assume you go to the market to buy apples (x1) and oranges (x2) and discover that the price of apples is 1 euro per unit and the price of oranges is 1 per unit when you buy less th

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