A firm has two inputs X and Y The firm understands these inputs to be substitutable The firm's standard mix is 2 unit(s) of input X for every 12 unit(s) of input B Input X costs $20 per unit Input Y costs $7 per unit The firm's actually used 4,000 total input units, with 1,000 units of input X and 3,000 units of input Y What is the firm's mix variance for these inputs NOTE only input a number, without indicating favorability (for simplicity, I've made sure that the relevant variance equation leads to a positive number) Round final answer to cents if necessary

Question

A firm has two inputs  X and Y  The firm understands these inputs to be substitutable  The firm's standard mix is 2 unit(s) of input X for every 12 unit(s) of input B  Input X costs $20 per unit Input Y costs $7 per unit The firm's actually used 4,000 total input units, with 1,000 units of input X and 3,000 units of input Y  What is the firm's mix variance for these inputs  NOTE  only input a number, without indicating favorability (for simplicity, I've made sure that the relevant variance equation leads to a positive number)  Round final answer to cents if necessary

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A firm has two inputs: X and Y. The firm understands these inputs to be substitutable. The firm's standard mix is 2 unit(s) of input

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