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A). Take the derivative in respect to (L,K). Equation: Profit (K,L) = (P)(4L 1/4 K 1/4 ) - (w(L) - r(K)) B). Then solve for
A). Take the derivative in respect to (L,K).
Equation: Profit (K,L) = (P)(4L1/4K1/4) - (w(L) - r(K))
B). Then solve for K and L, by setting the derivative equal to 0.
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Solutions Of The Examples In Higher Algebra
Authors: H S Hall ,S R Knight
1st Edition
B00AU0ZD3O
