Question
Hi, I am currently studying for my micro-economics exam and I can not seem to understand the production function. Assume q=K1/2 L2 - L3 and
Hi,
I am currently studying for my micro-economics exam and I can not seem to understand the production function. Assume q=K1/2 L2 - L3 and K=36 So short-run production function is q=6L2 - L3.
I don't understand how they come up with the 6 when they say k=36
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Managerial Economics Applications, Strategies and Tactics
Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
13th edition
1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929
