1 1 Q(L, K) 50KELE, where K is capital and L is labour. The marginal products are 1 1 1 1 к -LE. KFL, and MPg MPL 50 50 Draw a graph showing the short run profit maximization with a few isoprofit lines and the production function.

1 1 Q(L, K) 50KELE, where K is capital and L is labour. The marginal products are 1 1 1 1 к -LE. KFL, and MPg MPL 50 50 Draw a graph showing the short run profit maximization with a few isoprofit lines and the production function.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 16P

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Question

please help

1 1
Q(L, K)
50KELE, where K is capital and L is labour. The marginal products are
1 1
1
1
к -LE.
KFL, and MPg
MPL
50
50
Draw a graph showing the short run profit maximization with a few isoprofit
lines and the production function.

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