In the diagram below, a school is currently operating on the isoquant such that A =...

Transcribed Image Text:

In the diagram below, a school is currently operating on the isoquant such that A = 75. Assume that iPads cost $300. iPad's 200 150 130 A = 90 .100 60 60 A = 75 A = 60 0 120 250 375 500 Calculus Textbooks a. What is the price of a calculus textbook? (Round to the nearest dollar if necessary) (3 points) b. What budget does the school have available? (Round to the nearest dollar if necessary) (3 points) c. What would a total resource approach look like on the diagram? Explain briefly. (4 points) In the diagram below, a school is currently operating on the isoquant such that A = 75. Assume that iPads cost $300. iPad's 200 150 130 A = 90 .100 60 60 A = 75 A = 60 0 120 250 375 500 Calculus Textbooks a. What is the price of a calculus textbook? (Round to the nearest dollar if necessary) (3 points) b. What budget does the school have available? (Round to the nearest dollar if necessary) (3 points) c. What would a total resource approach look like on the diagram? Explain briefly. (4 points)