A manager hires labour and rents capital equipment in a very competitive market. Currently the wage rate is GH¢2 per hour and capital is rented at GH¢5 per hour, the unit price of the product is GH¢0.25 and total cost is 1000. Suppose the firm’s production function is as follows: Q= 140.5 0.5+10
i. What is the amount of labour and capital the firm should employ in order to maximize output? [Hint: Maximise the product function subject to the cost constraint]
ii. What is the maximum profit?

Solve the following pair of equations for x and y: ax/b_ by /a= a +b; ax - by = 2ab

Point r divides in the ratio 1 : 5. if the coordinates of e and f are (4, 8) and (11, 4), respectively, what are the coordinates of r to two decimal places?

Exercise: counting committees 0.0/2.0 puntos (calificable) we start with a pool of n people. a chaired committee consists of k≥1 members, out of whom one member is designated as the chairperson. the expression k(nk) can be interpreted as the number of possible chaired committees with k members. this is because we have (nk) choices for the k members, and once the members are chosen, there are then k choices for the chairperson. thus, c=∑k=1nk(nk) is the total number of possible chaired committees of any size. find the value of c (as a function of n ) by thinking about a different way of forming a chaired committee: first choose the chairperson, then choose the other members of the committee. the answer is of the form c=(α+nβ)2γn+δ. what are the values of α , β , γ , and δ ?