For the production function F(L, K) = √I + 10√K, what is the factor demand for K in the long run? Select one: a. K* = (²

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For The Production Function F L K I 10 K What Is The Factor Demand For K In The Long Run Select One A K 1 (42.33 KiB) Viewed 13 times

For the production function F(L, K) = √I + 10√K, what is the factor demand for K in the long run? Select one: a. K* = (²) ² b. K* = (5P)2 C. K* = 2p² wr d. K* = 5p² wr Your answer is incorrect. The correct answer is: K* = (5P)² What is the wage elasticity of labor demand in the long run if LLR = ()5/6. ()-2/3? Select one: Oa. -2/5 ⠀⠀⠀ O b. -5/2 C. -3/2 d. -2/3 Your answer is incorrect. The correct answer is: -2/3 x X