Question
The production function of a product is given by q is equal to 100 KL. If the price of capital is ksh 150 per day
The production function of a product is given by q is equal to 100 KL. If the price of capital is ksh 150 per day and the price of labor is ksh 50 per day, calculate the cost of producing 1000units of the product where K is capital and L is labor
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Understanding The Law
Authors: Donald L Carper, John A McKinsey, Bill W West
5th Edition
0324375123, 9780324375121
