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This is the production function: Y = F(K, L) = 2(L^0.5) I am confuse to get the labour demand of L*(like the same format in
This is the production function: Y = F(K, L) = 2(L^0.5)
I am confuse to get the labour demand of L*(like the same format in Picture 1). I attached my working solution on picture 2. Is it correct?
The target is to get L* as a labour demand. Kindly help.
Thanks
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