Lkk12l12 also in the short-run capital is fixed at k16 you, Business Economics

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Lkk12l12 also in the short-run capital is fixed at k16 you

(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the price for the product is P=100. How many units of Labor should this firm hire in order to maximize profits/minimize costs in the short-run?

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Business Economics: Lkk12l12 also in the short-run capital is fixed at k16 you

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