C , Where MPs and MPa Are the Marginal Products

question 5

Essay

Currently , where MPs and MPa are the marginal products of steel and aluminum for a company whose production function is Q = s^0.5 a^0.5. Ps = Pa = $1, are the prices of steel and aluminum, and the company has a total budget of $2 to spend on these inputs, and if the market price of the output is $3 per unit, then how many units of s and a should the firm hire? What will be its output, revenues costs and profits?

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Definitions:

Earth Layers

The division of Earth's interior into distinct layers, including the crust, mantle, outer core, and inner core, each with unique physical and chemical properties.

Producers

Organisms in an ecosystem that produce biomass from inorganic compounds, usually through photosynthesis, forming the base of the food web.

UV Radiation

Ultraviolet radiation, a form of energy emitted by the sun that can cause skin damage and other health risks.

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The layer of gases surrounding the Earth, essential for life, and protecting it from harmful solar radiation.