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Homework answers / question archive / Please show steps to resolve these problems please use Lagrangian Multiplier if possible
Please show steps to resolve these problems please use Lagrangian Multiplier if possible. A manufacturer has the following production function: Q=100 K. 2 L. 9
If the price per unit of labor is $20 and the price per unit of capital is $10,
2 Given the following short–run production function, Q = 1500L + 60L2 – L3
where Q is output and L is variable input, find
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