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Author Question: A firm that manufactures hover boards can produce them with one of three processes used alone or ... (Read 349 times)

lauraleepop

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on: Nov 23, 2022
A firm that manufactures hover boards can produce them with one of three processes used alone or used in combination. The table indicates the amounts of capital and labor required by each of the three processes to produce one hover board.
ProcessUnits of Labor (L)Units of Capital (K)
Process 151
Process 233
Process 316
If capital costs $46 per unit and labor costs $46 per unit, which process will be employed? How much labor and capital will be demanded if the firm produces 10 hover boards?
If the cost of capital increases to $92, which process will be employed? How much labor and capital will be demanded if the firm produces 10 hover boards?
◦ Process 2, $276, Process 3, $598
◦ Process 1, $276, Process 3, $5980
◦ Process 2, $2760, Process 1, $3220
◦ Process 1, $2760, Process 2, $414
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by lauraleepop on Nov 23, 2022

jacquelyngibson

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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