Elucidate how coldwell banker can produce the same output, Ask an Expert

Economics

Q1. Coldwell Banker is employing 10 acres of land also 50 tons of cement to produce 1,000 parking spaces. Land costs $4,000 per acre also cement costs $12/ton. For the input quantities employed, MPL = 50 also MPC = 4. Elucidate how this situation in an isoquant-iso cost diagram. Elucidate also Elucidate how in the diagram, Elucidate how Coldwell Banker can produce the same output at a lower total cost?

Q2. That of the following does NOT constitute an act of ‘investment ‘ as economists utilize the term?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9169776

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