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
Posted: Wed Mar 09, 2022 8:27 am
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))
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))