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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Suppose that in worked-out problem 8.4 (page 271) Noah and Naomi wanted to produce 200 garden benches per week. What would be the best assignment of output to their two plants?
Problem 8.4
Suppose Noah and Naomi’s short-run weekly production function for garden benches is F(L) = min{0, L - 2}, where L represents the number of hours of labor employed. The wage rate is $15 an hour. What is their short-run cost function?
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