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A manager can use either way S or B to prepare packages of chiken nuggetes, The firms production is givin as Q= B+S.
A- Graph the isoquant corresponding to 4 unites of output.
B- What is the marginal product of capital and labor? On what this answer debends on?
C- If the price of labor is $3/hour and the rental rate of capital is $4/hour, how much should be used of Capital and labor to minimize the cost of produvtion?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9480099

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