Answered: 0(L, K) = 50K-La, where K is capital…

0(L, K) = 50K-La, where K is capital and L is labour. The marginal products are MP1 = 50自KSL-2, and MPK = 50自K_īLī. Solve for the firm's short run supply of haircuts. 复戈

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 10SQ

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please help

0(L, K) = 50K-La, where K is capital and L is labour. The marginal products are
MP1 = 50自KSL-2, and MPK = 50自K_īLī.
Solve for the firm's short run supply of haircuts.
复戈

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