Question: a. find the optimal input allocation that is achievable under the resources available. b. what would be the achievement level corresponding to optimal input allocation?

Suppose that the budget constraint for a school is given by: 40T

a. find the optimal input allocation that is achievable under the resources available.

b. what would be the achievement level corresponding to optimal input allocation?

Suppose that the budget constraint for a school is given by: 40T + 20 = 500 where T and C denote teachers and computers, respectively. Suppose also that the education production function is of the Cobb-Douglas form: A = 5VT * VT where A is student achievement. a) Find the optimal input allocation that is achievable under the resources available. b) What would be the achievement level corresponding to optimal input allocation?

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