Presently boats rent for 500 per day also workers cost 100, Ask an Expert

Economics

Q. "Illustrate what entry barriers exist in the fast food industry, cable TV, the auto industry also illegal drug trade also beauty parlors?"

Q. Shrimp can be produced according to the subsequent production function: Q = min (10B, 2L)

Where 'B' represents the number of shrimp boats, 'L' represents the number of shrimpers (workers) also Q, the number of shrimp which are produced per day.

Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9173605

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