Question 4 The firm Boeing produces Nutella. The production function is given by the following: Nutella 36 L + 64 K The price of labor is $41, the price of capital is $27, the price of Nutella is $14, and Boeing's costs are $2926. What is the amount of Nutella that maximizes profits? Your Answer: Incorrect The answer is 6,935.7 ± 346.79. 0/5
Question 4 The firm Boeing produces Nutella. The production function is given by the following: Nutella 36 L + 64 K The price of labor is $41, the price of capital is $27, the price of Nutella is $14, and Boeing's costs are $2926. What is the amount of Nutella that maximizes profits? Your Answer: Incorrect The answer is 6,935.7 ± 346.79. 0/5
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
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
Transcribed Image Text:Question 4
The firm Boeing produces Nutella. The production function is given by the following:
Nutella
36 L + 64 K
The price of labor is $41, the price of capital is $27, the price of Nutella is $14, and Boeing's costs are $2926. What is the amount of Nutella that maximizes profits?
Your Answer:
Incorrect
The answer is 6,935.7 ± 346.79.
0/5
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