Barry’s Basketballs produces custom leather basketballs for…
Barry’s Basketballs produces custom leather basketballs for the Harlem Globetrotters. The firm utilizes robots to manufacture the balls and therefore has no labor costs. It operates according to the production function displayed below: The three inputs to production are leather , units of which cost ( = $5); rubber , units of which cost ( = $1); and thread which costs ( = $2) per unit. Identify the cost-minimizing input vector () needed to produce 4,000 units at the lowest cost.
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Use the following data set to calculate/determine the requested values. (18 points) 27 34 7 43 36 32 43 5 48 46 40 4 14 36 36 33 11 39 56 27 The mean of the data. The median of the data. The mode of the data. The range of the data. What percentile is 43?
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