Question: Q = 1 2 0 x - 5 x 2 + 8 0 Y - 3 Y 2 - 4 x Y Q = total
total chair frames produced per day
workerhours per day
machinehours per day
The firm currently uses workerhours per day and machinehours per day Assume that each chair frame is sold to furniture assemblers for $ wage rates are $ per hour, and machine time is leased for $ per hour.
a pt Calculate and at the current input usage levels
b pt Is the firm currently operating with a least cost combination of inputs? If not, which input is more cost efficient?
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