Question
You are a manager at Glass Inc.a mirror and window supplier. Recently, you conducted a study of the production process for your single-side encapsulated window.
You are a manager at Glass Inc.a mirror and window supplier. Recently, you conducted a study of the production process for your single-side encapsulated window. The results from the study are summarized in the following table and are based on the 8 units of capital currently available at your plant. Each unit of labor costs $60,each unit ofcapitalis $20, and your encapsulated windows sell for $12 each. Given this information, what is your optimal labor and output decision?
Labor:
Output:
Given these decisions, what will be your profit?
(1) (2) (3)
Labor L Capital K Output Q
0 8 0
1 8 10
2 8 30
3 8 60
4 8 80
5 8 90
6 8 95
7 8 95
8 8 90
9 8 80
10 8 60
11 8 30
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