0(L, K)-50K-La, where K is capital and L is labour. The marginal products are MPL = 50自KSL-2, and MPK = 50 G)KTīLī In the long run, when both inputs can vary, what is the optimal amount of 焦 焦 each input?
0(L, K)-50K-La, where K is capital and L is labour. The marginal products are MPL = 50自KSL-2, and MPK = 50 G)KTīLī In the long run, when both inputs can vary, what is the optimal amount of 焦 焦 each input?
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 16P
Related questions
Question
please help
![0(L, K)-50K-La, where K is capital and L is labour. The marginal products are
MPL = 50自KSL-2, and MPK = 50 G)KTīLī
In the long run, when both inputs can vary, what is the optimal amount of
焦
焦
each input?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe02308a7-4b47-474d-84aa-26badf01d485%2F3995ee1c-d8cd-4042-ad99-e656a98c63f1%2F7l77ogm.png&w=3840&q=75)
Transcribed Image Text:0(L, K)-50K-La, where K is capital and L is labour. The marginal products are
MPL = 50自KSL-2, and MPK = 50 G)KTīLī
In the long run, when both inputs can vary, what is the optimal amount of
焦
焦
each input?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Microeconomics](https://www.bartleby.com/isbn_cover_images/9781337617406/9781337617406_smallCoverImage.gif)