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

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

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?

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

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

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

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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?

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$3,600

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$1,120

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$592

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$560

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 1182 times

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3 years ago Edited: 3 years ago, Lauren Tiller

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