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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3. Mr. Hunt and Ms. Peck agree to type a manuscript for Professor Paul. The production function for the manuscript is given to be Q=H1/4P3/4 where Q = the number of typewritten pages, H = the number of hours Mr. Hunt spends typing, and P = the number of hours Ms. Peck spends typing. Hunt and Peck receive $4 and $12 per hour, respectively. (A) If Professor Paul decides to minimize the cost of production, how much of Mr. Hunt's and Ms. Peck' s labor will be used to produce a 300-page manuscript? (C) What will be the marginal cost of the 227th page? Will this be greater than, equal to, or less than the average cost of the 227th page?
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