Given the hourly costs: Machine-P60; Worker-P50 Each input has to work in integer hour Marginal Product Machine Hours Us

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Given The Hourly Costs Machine P60 Worker P50 Each Input Has To Work In Integer Hour Marginal Product Machine Hours Us 1 (70.69 KiB) Viewed 9 times

Given the hourly costs: Machine-P60; Worker-P50 Each input has to work in integer hour Marginal Product Machine Hours Used 1 2 3 4 5 6 7 8 15 18 21 18 15 12 9 3 Worker 8 10 10 10 8 6 4 2 00 If the daily budget for the 2 inputs is P570, what is the optimal mix of machine-hours and worker-hours, respectively? [Select] What is the total product for this optimal mix of machine- hr & worker-hr with daily budget of P570? [Select] After how many hours of use does diminishing marginal return (product) set in for the machine? [Select]