Question
Which of the following are not combinations of programmers and computers that could produce the database within the time allotted? Check all that apply. A
Which of the following are not combinations of programmers and computers that could produce the database within the time allotted? Check all that apply. A Four programmers and two computers B Two programmers and four computers C Two programmers and five computers D One programmer and six computersEach computer costs $200 per week, and each programmer costs $200 per week. Suppose your boss gives you a budget of $600 to spend on the project. (In other words, your boss wants the total cost of this project to equal $600.) On the previous graph, using the purple line (diamond symbol), plot the possible combinations of inputs you could afford?that is, plot your $600 budget line.What should you tell your boss about completing the database in a week with a budget of $600? A "Sure, this won't be a problem." B "I can't complete the project by next week if that's all the money I can spend on it." C "That's very generous, but we don't need such a large budget to complete the project."The least-cost input combination is ____programs and_____computers , for a total cost of _____$. (Hint: Calculate the cost of each of the blue points (circle symbols) on the production indifference curve on the previous graph.)On the previous graph, use the green line (triangle symbol) to plot the budget line showing the possible combinations of computers and programmers you could use for your cost-minimizing budget. For example, if you've found that the least expensive option for completing the database costs $1,000, then you should plot a $1,000 budget line. Finally, use the black point (plus symbol) to identify the least-cost combination of computers and programmers that can be used to produce the level of output represented by the blue production indifference curve.
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