The total cost of producing x items of product A and y items of product B is C(x, y) = 22x 2 + 8y 2 − 5xy If the firm is committed to producing 20 items in total, write down the constraint connecting x and y . Hence fi nd the number of each type that should be produced to minimise costs

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A: Given information: A manufacturer of energy drinks spends $1.28 to make each drink and sells them…

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A: Marginal cost measures the change in total cost due to a change in quantity produced. Marginal cost…

Q: Consider production function f(L, K) = 10VLK and input prices w :10,r = 90.

A:

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A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000

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A: At optimal level:-                    MPLMPK=wr Where; MPL=dQdLMPK=dQdK

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A: Marginal cost is the additional cost incurred when one more unit of output is produced. It is the…

Q: Find the marginal cost, if TC is 4+2Q

A: The provided total cost function is: 4+2Q

Q: The MBF plant costs a total of $ 45,000 if it produces 500 products, and a total cost of $ 100,000…

A: Total Cost = 45,000 Quantity = 500   If produces 1000 units then TC = 100,000

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A: Answer: Note: we are not allowed to provide handwritten solutions it is strictly prohibited. (A).…

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A: The marginal product of labor represents the increase in output as a result of an increase in labor…

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A: Marginal product refers to additional product that occurs by employing one more unit of input.

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Q: Economic cost is equal to the sum of the explicit and the implicit costs True False

A: The economics as a study is associated with the use of various resources which are available with…

Q: A firm's production function is given by Q=40K L Each unit of capital costs $40 and each unit of…

A: Given  Production function: Q=40K0.8L0.2              (1) Price of labor PL=$80  Price of capital…