For each of the following production functions (a and b) find the following equations (i-iii) in terms of Q0, w and r. i
Posted: Wed Mar 09, 2022 8:33 am
For each of the following production functions (a and b) find
the following equations (i-iii) in terms of Q0, w and r. i) MRT
SL,K ii) Long-run capital and labor demand curve. iii) Short-run
capital and labor demand curve if the firm is stuck with K¯ = 5.
(a) Q = 2L 2/3K 2/3 (b) Q = LK + 8L
the following equations (i-iii) in terms of Q0, w and r. i) MRT
SL,K ii) Long-run capital and labor demand curve. iii) Short-run
capital and labor demand curve if the firm is stuck with K¯ = 5.
(a) Q = 2L 2/3K 2/3 (b) Q = LK + 8L