$\begin{array} { | c c | }
\hline K & L \
\hline 8.4 & 0 \
7.8 & 1 \
7.2 & 2 \
6.6 & 5 \
6.0 & 4 \
5.4 & 5 \
4.8 & 6 \
4.2 & 7 \
3.6 & 8 \
3.0 & 9 \
2.4 & 10 \
1.8 & 11 \
1.2 & 12 \
0.6 & 13 \
0 & 14 \
\hline
\end{array}$
-Refer to the table above. If the price of labour is R60 an hour and the price of capital R100 an hour, the total budget available is:

Question

$\begin{array} { | c c | } 
\hline K & L \
\hline 8.4 & 0 \
7.8 & 1 \
7.2 & 2 \
6.6 & 5 \
6.0 & 4 \
5.4 & 5 \
4.8 & 6 \
4.2 & 7 \
3.6 & 8 \
3.0 & 9 \
2.4 & 10 \
1.8 & 11 \
1.2 & 12 \
0.6 & 13 \
0 & 14  \
\hline
\end{array}$
-Refer to the table above. If the price of labour is R60 an hour and the price of capital R100 an hour, the total budget available is:

Quizplus · Accepted Answer

The total budget is calculated by using the maximum values of K and L. The maximum value of K is 8.4 and L is 14. The budget is $100 \times 8.4 + 60 \times 14 = 840$.

-Refer to the Table Above