At the beginning of 2018, haroldson company installed a jit purchasing and manufacturing system. the following information has been gathered about one of the company's products. theoretical annual capacity 9,000 actual production 3,600 production hours available 3,000 actual cost per unit $33 the theoretical velocity per hour is .

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?