acroeconómic Policy and Natural Resources (10)|| SpTime left 1:23:57estionWhen a par ar firm is fully utilizing its capital, its output is given by Y = 10 × LO5. The cost of labour is OMR1 perunit. To maximize profit, how many units of labour should this firm use?wer saved-ked out ofFlagO a. 50estionO b. 100О с. 5O d. 25O e. 3.16CLEAR MY CHOICENEXT PAGEPREVIOUS PAGECET 0001 A人hp

Given, Y = 10 L0.5 Cost of labor = OMR 1 per unit

When a par ar firm is fully utilizing its capital, its output is given by Y = 10 x LO5. The cost of labour is OMR1 unit. To maximize profit, how many units of labour should this firm use? O a. 50 O b. 100 O c. 5 O d. 25

When a par ar firm is fully utilizing its capital, its output is given by Y = 10 x LO5. The cost of labour is OMR1 unit. To maximize profit, how many units of labour should this firm use? O a. 50 O b. 100 O c. 5 O d. 25

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

acroeconómic Policy and Natural Resources (10)|| Sp
Time left 1:23:57
estion
When a par ar firm is fully utilizing its capital, its output is given by Y = 10 × LO5. The cost of labour is OMR1 per
unit. To maximize profit, how many units of labour should this firm use?
wer saved
-ked out of
Flag
O a. 50
estion
O b. 100
О с. 5
O d. 25
O e. 3.16
CLEAR MY CHOICE
NEXT PAGE
PREVIOUS PAGE
CET 0001 A
人
hp

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