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Could you please solve this quesstion mycc.coquitlamcollege.com 9/mod_resource/content/30/production.ver1.su21.pdf G cumulative - Google Search : production (copy) (copy) 6/22/21, 5:31 PM production versionHI The manager of
Could you please solve this quesstion
mycc.coquitlamcollege.com 9/mod_resource/content/30/production.ver1.su21.pdf G cumulative - Google Search : production (copy) (copy) 6/22/21, 5:31 PM production versionHI The manager of a national retailing outlet recently hired an economist to estimate the firm's production function. Based on the economist's report, the manager now knows that the firm's production function is given by Q = K1/4L3/4 and that capital is fixed at 16 units. t of Using the above information, complete the below statements, filling in your final, complete answer in the space provided to the right of the statement. Do not show your work or calculations. A BIT FY 2 2 # a.) If the firm can hire labor at a wage of $6 per hour and output can be sold at a price of $24 per unit, the profit-maximizing level of labor is 1, 296 hr s D equal to b.) If the firm can hire labor at a wage of $6 per hour and output can be sold at a price of $24 per unit, the profit-maximizing level of output is 432 0 equal to c.) If the firm can hire labor at a wage of $6 per hour and output can be sold at a price of $24 per unit, the revenue of this firm will be equal to # 10 , 368 0 d.) if the firm can hire labor at a wage of $6 per hour and output can be sold at a price of $24 per unit, the variable costs of this firm will be equal $$ 7, 776 1 1 to e.) If the firm can hire labor at a wage of $6 per hour and output can be $1620 1/2) if missing units 24 Save Fill in correct responses Submit and finish Close preview 1.5 L - 1/4 11 ormation ) ? W = UMPL ( = P x mpc a . ) is question in Moodle XML format 1/4 3b Collapse all pt options 6 1296 stions behave Deferred feedback 6 . ) Q = 2 X L 31 4 Macbook Pro & O- 8 R T Y U O P F G H J K LStep by Step Solution
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