Assume a garment factory has the production function Q = JFK. The factory initially,r faces. input prices

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Assume a garment factory has the production function Q = JFK. The factory initially,r faces. input prices w = 51 and r = 52 and is required to produce Q = 2000 units. Later the price of labour w goes up to $41 Find: a) the initial optimal input bundle

Posted Date: Jul 02, 2024 07:11 AM

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Assume a garment factory has the production function Q = JFK. The factory initially,r faces. input prices

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