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Your Automobile Assembly Plant Has a Cobb-Douglas Production Function Given

Question 5

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Your automobile assembly plant has a Cobb-Douglas production function given by Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire?


A) Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees employees
B) Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees employees
C) Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees employees
D) Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees employees
E) Your automobile assembly plant has a Cobb-Douglas production function given by where q is the number of automobiles it produced per year, x is the number of employees, and y is the daily operating budget (in dollars) . Annual operating costs amount to an average of $10,000 per employee plus the operating budget of $ . Assume you wish to produce 1,000 automobiles per year at a minimum cost. How many employees should you hire? A) employees B) employees C) employees D) employees E) employees employees

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