a-firm-has-a-budget-of-80000-if-the-price-of-input-c-is-8000-per-unit-and-the-pr

Question

A firm has a budget of $80,000. If the price of input C is $8,000 per unit and the price of input D is $4,000 per unit, what is the maximum number of units of input D the firm can afford if it spends all its budget on input D?

Accepted Answer

20 units

Answer

15 units

Answer

25 units

Answer

10 units

A firm has a budget of \$80,000. If the price of input C is \$8,000 per unit and the price of input D is \$4,000 per unit, what is the maximum number of units of input D the firm can afford if it spends all its budget on input D?