Find the profit maximizing inputs of capital K and labour L for a firm with production...

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Find the profit maximizing inputs of capital K and labour L for a firm with production function Q = K/2 L, where market prices p, r, w > 0 are taken as given. Show that the optimal inputs L* and K* satisfy: L* == - (IV/w) K* = - (V/r) Where V is the value function. Find the profit maximizing inputs of capital K and labour L for a firm with production function Q = K/2 L, where market prices p, r, w > 0 are taken as given. Show that the optimal inputs L* and K* satisfy: L* == - (IV/w) K* = - (V/r) Where V is the value function.

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Profit Maximization and Input Demand We can find the profitmaximizing inputs of capital K and labor L for the firm with production function Q K12L13 u... View the full answer