Paul Has the Utility Function U(q₁,q₂)= Q₁q₂

question 121

Multiple Choice

Paul has the utility function U(q₁,q₂) = q₁q₂.If Paul consumes q₁ = 4 and q₂ = 2 his Marginal Rate of Substitution is

• A)-2.
• B)1.
• C)-1.
• D)-1/2.

Identify and compute the units started and completed during the period.

Understand and record the flow of costs in manufacturing departments.

Identify operational improvement measures in manufacturing.

Understand lean manufacturing principles and their application.