Question
The production function at Ginko's Copy Shop is q = 1,500 * min (2L, 3K), where q is the number of copies per hour, L
The production function at Ginko's Copy Shop is q = 1,500 * min (2L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. Suppose in the short run capital is fixed at 4 units.
a. Draw the production function
b. Draw the AP curve.
c. Draw the MP curve
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
1st edition
978-0137036059, 133379094, 321566440, 137036051, 9780133379099, 978-0321566447
