Suppose that the firm’s production function is given by Q==50*sqrt(LK). The firm's capital is fixed at K¯. What amount o

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answerhappygod
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Suppose that the firm’s production function is given by Q==50*sqrt(LK). The firm's capital is fixed at K¯. What amount o

Post by answerhappygod »

Suppose that the firm’s production function is given
by Q==50*sqrt(LK). The firm's capital is fixed at K¯.
What amount of labor will the firm hire to minimize cost in the
short run?
L=Q
L=sqrt(K(bar)}
L=Q^2/(2500 K(bar))
L=sqrt(Q^2/(50*sqrt(K(bar))
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