Order the answer to: Brother Jed takes heathens and reforms them into righteous individuals.

Academic Writing business-economics Order the answer to: Brother Jed takes heathens and reforms them into righteous individuals.

business-economics

Order the answer to: Brother Jed takes heathens and reforms them into righteous individuals.

Question Brother Jed takes heathens and reforms them into righteous individuals. There are two inputs needed in this process: heathens (who are widely available) and preaching. The production function has the following form: rp = min{h, p}, where rp is the number of righteous persons produced, h is the number of heathens who attend Jed’s sermons, and p is the number of hours of preaching. For every person converted, Jed receives a payment of s from the grateful convert. Sad to say, heathens do not flock to Jed’s sermons of their own accord. Jed must o?er heathens a payment of w to attract them to his sermons. Suppose the amount of preaching is fixed at p¯ and that Jed is a profit-maximizing prophet.
Subject business-economics
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