Question
Charlie can produce chocolate bars at the following rate: Q = 4K^0.5 L^0.5 . His Oompa Loompas currently earn $8/hour and he pays $2 per
Charlie can produce chocolate bars at the following rate: Q = 4K^0.5 L^0.5 . His Oompa Loompas currently earn $8/hour and he pays $2 per hour in rent for his machines.
L = 25
K = 100
B) If Hogwarts puts in an order for 200 Chocolate Frogs, what's the minimum price Charlie can charge per Frog and remain in business?
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
