Assignment on Managerial Economics Numerical Question Help 3.Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Wis

Assignment on Managerial Economics Numerical Question Help 3.Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Wisconsin. It uses a special formula, combined with the fresh water from the local stream, to produce a drink popular with local folks and tourists who visit during the summer fishing season, and autumn deer hunting season. Crew’s production function is: Q = 50K + 50L, where Q = barrels of beer, K = units of capital, and L = units of labor. (a) Suppose that capital can be purchased for $8 per unit, and labor costs $6 per unit. What is the optimal combination of inputs for the firm to employ? (b) Suppose that the cost of inputs changes to $7 for a unit of capital, and $9 for a unit of labor. What is the new optimal combination of inputs?4. 4. (20 points). 4. Enpar manufactures engine parts for an automotive
manufacturer. It operates two plants, A and B, which have the follow-
ing production functions: QA = 30S A – .2552 and QB = 40SB –.55,
where QA and QB denote the outputs of engine parts from each plant
and SA and SB denote the amounts of steel used in each plant. Suppose
that total steel availability is 40 units. What is the optimal allocation
of steel between the two plants?

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