After analysing factor input data, a firm as established that:
$\begin{array}{|l|l|}
\hline \text { A change in one hour of labour } & \text { Would change output by } 100 \text { units a day } \
\hline \text { A change in one hour of capital } & \text { Would change output by } 20 \text { units a day } \
\hline \text { Labour costs per hour } & \text { R50 } \
\hline \text { Capital costs per hour } & \text { R5 } \
\hline
\end{array}$ Can the firm increase its production without increasing its budget?

Question

After analysing factor input data, a firm as established that:
 $\begin{array}{|l|l|}
\hline \text { A change in one hour of labour } & \text { Would change output by } 100 \text { units a day } \
\hline \text { A change in one hour of capital } & \text { Would change output by } 20 \text { units a day } \
\hline \text { Labour costs per hour } & \text { R50 } \
\hline \text { Capital costs per hour } & \text { R5 } \
\hline
\end{array}$ Can the firm increase its production without increasing its budget?

Quizplus · Accepted Answer

The Answer of After analysing factor input data, a firm as established that:
 $\begin{array}{|l|l|}
\hline \text { A change in one hour of labour } & \text { Would change output by } 100 \text { units a day } \
\hline \text { A change in one hour of capital } & \text { Would change output by } 20 \text { units a day } \
\hline \text { Labour costs per hour } & \text { R50 } \
\hline \text { Capital costs per hour } & \text { R5 } \
\hline
\end{array}$ Can the firm increase its production without increasing its budget?

After Analysing Factor Input Data, a Firm as Established That