A firm uses two inputs r and twhich cost 40 each per tonne


Question: A firm uses two inputs R and Twhich cost £40 each per tonne. They both contain the chemical compounds G and H in the following quantities:

1 tonne of R contains 6 kg of G and 3 kg of H

1 tonne of Tcontains 15 kg of G and 4 kg of H

The final product must contain at least 180 kg of G and 60 kg of H per batch. How many tonnes of R and T should the firm use to minimize the cost of a batch of the final product? Will the amount of G or H it contains exceed the minimum requirement?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: A firm uses two inputs r and twhich cost 40 each per tonne
Reference No:- TGS02277612

Expected delivery within 24 Hours