economics

posted by .

3 . The production of housing has the following form:

H = number of housing units = 4(L + 10)1/2 + 80 (M + 3)3/4, where L is land and M is
materials. One unit of L costs 100 and 1 unit of M costs 12.

Find the cheapest ways to produce 1000 housing units, 2000 housing units, and 5000
housing units.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Maths - Linear Programming

    Hey, I'm having trouble formulating this as a linear program. If anyone could help at all it would be much appreciated. Thanks A manufacturer has contracted to produce 2,000 units of a particular product over the next eight months. …
  2. Economics

    Consider a monocentric city in which the cost of commuting is $10 per mile per month. A household located eight miles from the city center occupies a dwelling with 1,200 square feet at a monthly rent of $600. Nonland cost per dwelling …
  3. economics

    what are some national fiscal policies that can affect mortgage rates, housing starts, and housing prices
  4. Economics

    What are some national fiscal policies that can affect mortgage rates, housing starts, and housing prices?
  5. Economics

    Name 2 government bodies or agencies that have an impact on the national housing market. Explain the role of each body or agency in relation to the housing market.
  6. Accounts

    The USA Company manufactures flags in a single process. The following information is available for January 2011: Beginning WIP o units Started production 18,000 units Completed and transferred out 12,000units Ending WIP 6,000 units …
  7. ACCOUnting

    Chen Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2010 are as follows. Production Data-Basketballs …
  8. gov.

    Which is NOT a responsibility of the Department of Housing and Urban Development?
  9. Social Studies

    Which of the following was a focus of production for Stalin’s Five-Year plans?
  10. Literature review

    I need directions/steps on how to start writing this paper. This is the rubric I need to follow in order to complete this paper: Literature review: On subsidized hosing, public housing. Define section 8 housing, section 202 housing, …

More Similar Questions