Q. A manufacturer considers that men and women workers are equally efficient and so he pays them at the same rate. He has
30 workers (male and female) and
17 units capital; which he uses to produce two types of goods
A and
B. To produce one unit of
A,
2 workers and
3 units of capital are required while
3 workers and
1 unit of capital is required to produce one unit of
B. If
A and
B are priced at
Rs. 100 and
Rs. 120 per unit respectively, how should he use his resources to maximise the total revenue? Form the LPP and solve graphically.
Do you agree with this view of the manufacturer that men and women workers are equally efficient and so should be paid at the same rate?
- 1290
- 1260
- 1130
- 3421