4. A firm has the production function Q = K 0.4 L 0.6 . The wage is...

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4. A firm has the production function Q = K 0.4 L 0.6 .

The wage is $60, and the rental rate of capital is

$20. Find the firm’s long-run expansion path.

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Microeconomics

ISBN: 9780716759751

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Oct 16, 2024 01:00 AM

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4. A firm has the production function Q = K 0.4 L 0.6 . The wage is...

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Microeconomics

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