A firm produces according to the following production, Econometrics

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A firm produces according to the following production

A firm produces according to the following production function: Q = K^.5L^.5 where Q = units of output, K = units of capital, and L = units of labor. Suppose that in the short run K = 100. Moreover, wage of labor is W = 5 and price of the product is P = 10. What are the optimal units of labor?

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Econometrics: A firm produces according to the following production

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Econometrics: A firm produces according to the following production

Reference No:- TGS0576243

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : Calculate the total revenues for each price-quantity

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Econometrics: A firm produces according to the following production

Reference No:- TGS0576243

Recent Questions Asked Econometrics

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