As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers. The production function is q = min{x, y} where x and y are the amounts of two factors used. The price of x is $18 and the price of y is $10. What is your answer?
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Home » Mathematics » As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers. The production function is q = min{x, y} where x and y are the amounts of two factors used.