Cast-Steel Chairs produces office chairs using steel and labor with Q = 1/2L^0.4 S^0.6.If labor costs $10 per hour and steel costs $60 per unit,what is the optimal combination of labor and steel if Cast-Steel's budget is $10,000? A) S = 75 units, L = 550 hours. B) S = 0 units, L = 1,000 hours. C) S = 25 units, L = 850 hours. D) S = 50 units, L = 700 hours. E) S = 100 units, L = 400 hours.

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The Answer of Cast-Steel Chairs produces office chairs using steel and labor with Q = 1/2L^0.4 S^0.6.If labor costs $10 per hour and steel costs $60 per unit,what is the optimal combination of labor and steel if Cast-Steel's budget is $10,000? A) S = 75 units, L = 550 hours. B) S = 0 units, L = 1,000 hours. C) S = 25 units, L = 850 hours. D) S = 50 units, L = 700 hours. E) S = 100 units, L = 400 hours.

Cast-Steel Chairs Produces Office Chairs Using Steel and Labor with Q