given froduction function F=K^1/4 L^1/16 price of capital and labor are v and w 1)find short run cost function with quantity X, and that there are Y amount of capital purchased 2)find the long run contigent demand for capital and labor

Exploring Economics
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Chapter16: The Markets For Labor, Capital, And Land
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given froduction function

F=K^1/4 L^1/16

price of capital and labor are v and w

1)find short run cost function with quantity X, and that there are Y amount of capital purchased

2)find the long run contigent demand for capital and labor

 

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