Answered: if a product function of a firm is…

if a product function of a firm is given by Q=k^2L^3 & the input price r=8 w=2 A find the level of 'L' &'k' that maximizes output total outlay 240

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter10: Cost Functions

Section: Chapter Questions

Problem 10.6P

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