Siven the production function Q = L0.75 K0.25 . If the fixed quantity of capital in the short run is 10000units, estimate SR product function . Find the value of L that maximize SR product function
Siven the production function Q = L0.75 K0.25 . If the fixed quantity of capital in the short run is 10000units, estimate SR product function . Find the value of L that maximize SR product function
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 5E
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