A short run production function of a competitive firm is given by Y=6L^(2/3) where Y represents the units of output while L is the labour required. If P = 3 and W = 6. How much of Y will it produce?
A short run production function of a competitive firm is given by Y=6L^(2/3) where Y represents the units of output while L is the labour required. If P = 3 and W = 6. How much of Y will it produce?
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 24SQ
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A short run production function of a competitive firm is given by Y=6L^(2/3) where Y represents the units of output while L is the labour required. If P = 3 and W = 6. How much of Y will it produce?
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