November 28, 2015

Homework Help: microeconomics

Posted by janet on Thursday, October 18, 2007 at 11:17pm.

Suppose a firm produces output using the technology Q=K1/3 L2/3 Find
a. The long run cost function
b. The short run cost function if capital is stuck at 10 units.
c. The profit maximizing level of output as a function of the price of the good, wages, rental rate on capital, the amount of capital, and some other numbers.

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