Exercise 21.1 A firm has weekly production function q(k, 1) = k!/471/2, and the unit weekly costsfor capital and labour are v =good. Find the minimum cost of doing so.20 and w =10. The firm wishes to produce 200 units a week of its

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Exercise 21.1 A firm has weekly production function q(k, 1) = k/471/2, and the unit weekly costs for capital and labour are v = 20 and w =10. The firm wishes to produce 200 units a week of its good. Find the minimum cost of doing so.

Exercise 21.1 A firm has weekly production function q(k, 1) = k/471/2, and the unit weekly costs for capital and labour are v = 20 and w =10. The firm wishes to produce 200 units a week of its good. Find the minimum cost of doing so.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 2SQ

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