Saturday
March 25, 2017

Post a New Question

Posted by on .

if production is Q=(a^c) min(K,L) where a>0, c>1, price of capital(r)=£10 and price of labour (w)= £10
what is the optimal combination of capital and labour?
does the production have increasing/constant/decreasing returns to scale?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question