Question a firm uses two inputs r and twhich cost pound40, Ask an Expert

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Question: A firm uses two inputs R and Twhich cost £40 each per tonne. They both contain the chemical compounds G and H in the following quantities:

1 tonne of R contains 6 kg of G and 3 kg of H

1 tonne of Tcontains 15 kg of G and 4 kg of H

The final product must contain at least 180 kg of G and 60 kg of H per batch. How many tonnes of R and T should the firm use to minimize the cost of a batch of the final product? Will the amount of G or H it contains exceed the minimum requirement?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92290783

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