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
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.7P
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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 = 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 25
13.33
5.
10
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
100
13.33](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4ad463fa-8dcb-43c5-88c9-34a3cfe0cfc0%2F5de75b73-3878-4962-929d-0edf12f6668f%2Fyw3xe68_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 14
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 Excavators when Q = 12,500.
O 25
13.33
5.
10
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
100
13.33
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