Question
As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 85 computers. The production
As assistant vice president in charge of production for a computer firm, you are asked to
calculate the cost of producing 85 computers.
The production function is y = min{x1, x2} where x1 and x 2 are the amounts of two factors used.
The price of x1 is $18 and the price of x2 is $10.
a. $2,380
b. $1,290
c. $4,230
d.$3,090
e.$1,530
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Understanding The Law
Authors: Donald L Carper, John A McKinsey, Bill W West
5th Edition
0324375123, 9780324375121
