QUESTION 7 Consider the following information: Q = 12 L +31 K PL-37, PK-5, P=117 and C-3,274 What is the profit maximizing level of labor? QUESTION 8 Consider the following information: Q=19 L +59 K PL 54, PK-11, P-33 and C-4,732 What is the amount of maximized profits? QUESTION 9 Consider the following information: Q=36 L +7 K PL-14, PK 41, P-64 and C=7,596 What is the amount of maximized profits?

QUESTION 7 Consider the following information: Q = 12 L +31 K PL-37, PK-5, P=117 and C-3,274 What is the profit maximizing level of labor? QUESTION 8 Consider the following information: Q=19 L +59 K PL 54, PK-11, P-33 and C-4,732 What is the amount of maximized profits? QUESTION 9 Consider the following information: Q=36 L +7 K PL-14, PK 41, P-64 and C=7,596 What is the amount of maximized profits?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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