(Answered) Assume the following amount of raw materials and labor

Economics

Assume the following amount of raw materials and labor required for production of a unit of products A and B,

Product A Product B

Pound of Raw materials Hours of labor

5 7

3 4

1. If the available amount of raw materials and labor are 13,400 pounds and 7,800 h, determine the outputs of A and B.

2. How do the outputs of A and B change if the amount of available raw materials and labor hours are increased to 13,800 and 8,000?

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Microeconomics, Economics

Category:- Microeconomics
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