Question
The following question is based onthe production function Q=80L0.7K0.3where the cost of labour is $6 and the cost of capital is $4. The total cost
The following question is based onthe production function Q=80L0.7K0.3where the cost of labour is $6 and the cost of capital is $4. The total cost of production is $120.
What is the partial differential of capital?
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
