Suppose a firm's production function is given by Q(L,K) = 6L1/3K2/3. If r=8 and w=32, what is

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Suppose a firm's production function is given by Q(L,K) = 6L1/3K2/3. If r=8 and w=32, what is the firm's long-run marginal cost? a. LRMC = 3/8 b. LRMC = 3/16 c. LRMC=2 d. LRMC = 1/2 e. LRMC=4

Posted Date: Jun 14, 2024 02:52 AM

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Suppose a firm's production function is given by Q(L,K) = 6L1/3K2/3. If r=8 and w=32, what is

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