Answers: 2
Business, 22.06.2019 20:30
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 22.06.2019 21:40
Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways
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Business, 22.06.2019 23:30
Sports leave thousands of college athletes with little time for their studies. this is an example of
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Business, 23.06.2019 01:00
To travelers know what to expect researchers collect the prices of commodities
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On january 1, 2016, mckeown, inc., issued $300,000 of 6%, 9-year bonds for $262,022, yielding a mark...
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