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C , Where MPs and MPa Are the Marginal Products

Question 5

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CurrentlyCurrently , where MPs and MPa are the marginal products of steel and aluminum for a company whose production function is Q = s<sup>0.5</sup> a<sup>0.5</sup>. Ps = Pa = $1, are the prices of steel and aluminum, and the company has a total budget of $2 to spend on these inputs, and if the market price of the output is $3 per unit, then how many units of s and a should the firm hire? What will be its output, revenues costs and profits? , where MPs and MPa are the marginal products of steel and aluminum for a company whose production function is Q = s0.5 a0.5. Ps = Pa = $1, are the prices of steel and aluminum, and the company has a total budget of $2 to spend on these inputs, and if the market price of the output is $3 per unit, then how many units of s and a should the firm hire? What will be its output, revenues costs and profits?

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