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Find optimal input combination for production relationship

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Reference no: EM131562552

Question: Find the optimal input combination for the following:

Q= 30X + 2XY -.5X2 -.5Y2 where Q is total output, X is worker hours, and Y is machine tool hours.

Given that the price of X is $25.00 per unit of X and the price of Y is $40.00 per unit of Y and MR is $.50, find the optimal input combination for this production relationship.

Reference no: EM131562552

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