Question: Q = 1 2 0 x - 5 x 2 + 8 0 Y - 3 Y 2 - 4 x Y Q = total

Q=120x-5x2+80Y-3Y2-4xY
Q= total chair frames produced per day
x= worker-hours per day
Y= machine-hours per day
The firm currently uses 8 worker-hours per day )=(8 and 6 machine-hours per day )=(6. Assume that each chair frame is sold to furniture assemblers for $3, wage rates are $25.50 per hour, and machine time is leased for $48 per hour.
a.(7 pt) Calculate MPx and MPy at the current input usage levels )=8,Y=(6.
b.(4 pt) Is the firm currently operating with a least cost combination of inputs? If not, which input is more cost efficient?
 Q=120x-5x2+80Y-3Y2-4xY Q= total chair frames produced per day x= worker-hours per

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