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Recent questions tagged telegram-2896
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(chatquestion)...28. A manufacturer considers that men and women workers are equally efficient and so he pays them at the same rate. He has 30 and 17 units of workers (male and female) and capital respectively, which he uses to produce two types of goods A and B. To produce one unit of A, 2 workers and 3 units of capital are required while 3workers and 1 unit of capital is required to produce one unit of B. If A andB are priced at j- 100 and j- 120per unit respectively, how should he use his resources to maximise the total revenue ? Form the above as an LPP and solve graphically. Do you agree with this view of the manufacturer that men and women workers are equally efficient and so should be paid at the same rate ?
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telegram-2896
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Jun 26, 2020
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