Question
Suppose the production function is given by Q = K 1/2 L 1/2 , and that Q = 30 and K = 25. How much
Suppose the production function is given by Q = K 1/2L 1/2, and that Q = 30 and K = 25. How much labor is employed by the firm? | |
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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