Business, 22.06.2019 20:30, smarty5187
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 24.10.2019 02:30, brutcherk
Answers: 2
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal produ...
Health, 21.12.2019 16:31
Mathematics, 21.12.2019 16:31
Mathematics, 21.12.2019 16:31
Social Studies, 21.12.2019 16:31