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Category > Economics Posted 22 Jun 2017 My Price 4.00

Cost

Please do the exercise below and explain precisely how I can do it alone (step by step).

 

Cost

3.- The production function of a company is given by the following expression:

 q (K;L) = 10K⅓ . L¾

 In short term there´s only 9 units of capital (K = 9). The price per unit of capital is 8 and  the price each unit of work is 5.

 a) Get the cost function of the company

Answers

(15)
Status NEW Posted 22 Jun 2017 04:06 AM My Price 4.00

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file 1498104859-Solutions file.docx preview (56 words )
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