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A derive the firms demand for labor and capital b derive

A firm's production function is given by Y = 5 L K and faces costs for inputs of wL and wK.

a. Derive the firm's demand for labor and capital.

b. Derive the firm's cost function, C(wL;wK; Y ). Simplify it as much as possible - one term.

c. Derive the firm's supply function.

d. If wL increases by 50% by what percentage does cost and supply change?

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Macroeconomics: A derive the firms demand for labor and capital b derive

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Macroeconomics: A derive the firms demand for labor and capital b derive

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