Solved: If the price of labour is 9 and the price of capital is 4, Business Management

+44 141 628 6080
[email protected]

If the price of labour is 9 and the price of capital is 4

If the price of labour is $9 and the price of capital is $4, which production technique minimizes the costs of producing 1000 units of output?

A) Labour=22 Capital=46

B) Labour=36 Capital=34

C) Labour=52 Capital=20

D) Labour= 28 Capital=64

E) Any of the techniques have the same cost

View Complete Question

Solution Preview :

Prepared by a verified Expert

Business Management: If the price of labour is 9 and the price of capital is 4

Reference No:- TGS02389059

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

Review the real-life cat and mouse chase

Real-Life Cat and Mouse Chase: Understanding the Perceptions and Attitudes of Street Vendors of Metro Manila towards MMDA Regulation No. 03-004

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

Cases of local communities using modern technology

Question: Cases of local communities using modern technology to preserve and revive their traditions:

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

Solution Preview :

Prepared by a verified Expert

Business Management: If the price of labour is 9 and the price of capital is 4

Reference No:- TGS02389059

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Villa company has experienced tough competition leading it

Q : Explain the basic operation of an n-channel jfet explain

Q : Assume that us agricultural land is used either to raise

Q : Write your best idea of what the word means based on the

Q : If the price of labour is 9 and the price of capital is 4

Q : This may be where you work where a friend or family member

Q : At the end of the current year joshua co has a defined

Q : What benefits come from a nation having a written

Q : What dangers do you see as well as beneficial applications