given froduction function F=K^1/4 L^1/16 price of capital and labor are v and w 1)find short run cost function with quantity X, and that there are Y amount of capital purchased 2)find the long run contigent demand for capital and labor
given froduction function F=K^1/4 L^1/16 price of capital and labor are v and w 1)find short run cost function with quantity X, and that there are Y amount of capital purchased 2)find the long run contigent demand for capital and labor
Chapter10: Cost Functions
Section: Chapter Questions
Problem 10.3P
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V3
given froduction function
F=K^1/4 L^1/16
price of capital and labor are v and w
1)find short run cost function with quantity X, and that there are Y amount of capital purchased
2)find the long run contigent
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