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Business, 31.10.2019 07:31 kenisonpaigebosma

1. consider the production function q = (0.5k1/3 + 0.5l1/3)3 . suppose the firms want to minimize the cost of producing 8 units of output. it pays a wage rate w of $40 and capital cost r of $10. how many units of labor and capital should the firm use?

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1. consider the production function q = (0.5k1/3 + 0.5l1/3)3 . suppose the firms want to minimize th...
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