Question

1) Let's assume that a firm can choose to produce 50 pairs of shoes with three
technologies available, say A, B, and C. These technologies use labour (number of
workers) and coal (in tonnes) in the following quantities:
A:5, 4
B:12, 3
C16, 4
Identify labour-intensive technologies and motivate. Identify coal-intensive
technologies and motivate. Are there technologies the firm will never choose
Irrespective of the price of inputs? Motivate. Let's assume that workers are paid a
wage equal to 5 dollars, and coal is paid 10 dollars per tonne. What's the cost-
minimizing technology? What's the cost-minimizing technology if coal price rises up
to 40 dollars?​

Answer 1

Answer:

25 dollars funnel KSRM did