A firm produces 100 units good X. Actual money expenditure incurred on producing this good is rs 1500. the owner supplies inputs worth rs500 for which he does not receive any payment. The economic cost turned out to b rs2100. how do you account for the difference?

A producer has 30 and 17 units of labour and capital respectively which he can use to produce two of goods X and Y. To produce one unit X, 2 units of labour and 3 units of capital are required. Similarly, 3 units of labour and 1 unit of capital is required to produce one unit of Y. If X and Y are priced at Rs. 100 and Rs. 120 per unit respectively to should be producer use his resources to maximize the total revenue?

A company sells two different products A and B. the two products are produced in a common production proce is which has a total capacity of 500 hours ofusing man power. It takes 5 hours to produce a unit of A and 3 hours to produce a unit of B. The demand in the market shows that the maximum number of units of a that can be sold is 70 and that of B is 125. Profit on each of unit a is 20 Rs and on B is 125. How many units of A and B should be produced to to maximise the profit.

A company sells two different products, A and B. The two products are produced in a common production process, which has a total capacity of 500 man-hours. It takes 5 hours to produce a unit of A and 3 hours to produce a unit of B. The market has been surveyed and company officials feel that the maximum number of units of A that can be sold is 70 and that, for B is 125. If the profit is Rs. 20 per unit for the product A and Rs. 15 per unit for the product B, how many units of each product should be sold to maximize profit?