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A price-taking firm has this production function: q=(L^1/3)(K^1/3) Assume that w=1 r=1K=1 prove that the short-run supply function isq=(P/3)^1/2
A price-taking firm has this production function: q=(L^1/3)(K^1/3)
Assume that w=1 r=1K=1
prove that the short-run supply function isq=(P/3)^1/2
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
