Business, 14.12.2019 07:31 hargunk329

Meyer inc produces lampposts using labor (l) and capital (k). its production function is given by the following expression: q =min{ 118 l , 186 k} where q is the output of lampposts. the prices of labor (pl), capital (pk), lamppost (p) and the cost (c) are the following: pl=16, pk=11, p=15 and c=5,889 what is the profit maximizing amount of labor that meyer inc should hire?

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Meyer inc produces lampposts using labor (l) and capital (k). its production function is given by th...

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