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gcd99br gcd99br
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A week ago

Question 1.

Figure 11-15




Refer to Figure 11-15. What is the combination of inputs that produces 200 gooseberry pies at the lowest cost?



combination e: 10 hours of labor and 48 units of capital



combination f: 40 hours of labor and 24 units of capital



combination g: 60 hours of labor and 14 units of capital



combination h: 60 hours of labor and 9 units of capital



Question 2.

Figure 11-15




Refer to Figure 11-15. Suppose Hilda hires labor at $8 per hour and capital costs $10 per unit. What is the minimum cost of producing 200 gooseberry pies?



$3,600



$1,120



$592



$560

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qwer34qwer34
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Posts: 282
A week ago
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Answer 1

combination f: 40 hours of labor and 24 units of capital



Answer 2

$560

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A week ago
Appreciate the effort, thank you!
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A week ago
You're very welcome ... please mark the topic solved when you get a chance
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