Question
The production function for drangles is f(L,K)=L^0.5.K^0.5, where L is the amount of Labour and K is the amount of capital used. At the factor
The production function for drangles is f(L,K)=L^0.5.K^0.5, where L is the amount of Labour and K is the amount of capital used. At the factor prices wL= wK= $5, the minimum cost of producing ydrangles is
5y0.5
5y2
10y
10y2
None of the above.
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
