5 Question 14Suppose that a firm can produce Gold using Excavators (E) and Pans (P) according to the followingproduction function Q = E'P. The price of Excavators are $120 and the price of Pans are $2.Determine the optimal use of Excavators when Q = 12,500.O 2513.335.10Question 15Suppose that a firm can produce Gold using Excavators (E) and Pans (P) according to the followingproduction function Q = E'P. The price of Excavators are $120 and the price of Pans are $2.Determine the optimal use of Pans when Q-12,500.2510013.33

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Question 14 Suppose that a firm can produce Gold using Excavators (E) and Pans (P) according to the following production function Q = Determine the optimal use of Excavators when Q= 12,500. E'P. The price of Excavators are $120 and the price of Pans are $2. 25 13.33 O5 10 D Question 15 Suppose that a firm can produce Gold using Excavators (E) and Pans (P) according to the following production function Q = E'P. The price of Excavators are $120 and the price of Pans are $2. Determine the optimal use of Pans when Q-12,500. 25 O 100 O 13.33

Question 14 Suppose that a firm can produce Gold using Excavators (E) and Pans (P) according to the following production function Q = Determine the optimal use of Excavators when Q= 12,500. E'P. The price of Excavators are $120 and the price of Pans are $2. 25 13.33 O5 10 D Question 15 Suppose that a firm can produce Gold using Excavators (E) and Pans (P) according to the following production function Q = E'P. The price of Excavators are $120 and the price of Pans are $2. Determine the optimal use of Pans when Q-12,500. 25 O 100 O 13.33

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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