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    3. q=30s + 20u -1/2s^2 - 1/4u^2
    q=30s + 20u -1/2s^2 - 1/4u^2

    price of skill labour =$10 , price of unskilled labour =$5


    calculate MPs/MPu and Ps/Pu


    suppose budget is $6o. formulate langarian equation


    how many units of skilled and unskilled labor should the firm hire.

    Answer this
    0  Views: 1484 Answers: 2 Posted: 9 years ago
    Tags: managerial economics economy langrangian prodution function
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      2 Answers

      q = 30s+ 20u - 1/2s^2 - 1/4u^2


      s = 10; u = 5


      30 (10) + 20 (5) - 1/2(10)^2 - 1/4(5)^2


      300 + 100 - 5^2 - 1 1/4^2


      Skilled:  300 - 5^2;  Unskilled:  100 - 1 1 /4^2


      300-25 (275 Skilled)    100 - 1.5625  (98.4375 Unskilled)


      I don't really know what you are asking.  

      9 years ago. Rating: 3
      Comment this answer

        I flunked Algebra , b/c our teacher didn't teach us anything. He used to just write problems on the board, adn do them by rote........never explaining anything.My bro had trouble with that man's class too. So, that tells you something was wrong with it.

        9 years ago. Rating: 0
        Comment this answer



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