A Company is operating on perfectly competitive markets and wants to maximize its profits. Assume that HSG uses the production function Y = ALα with A = 2 and α = 0.5. The real wage w is 4. What is the optimal value of labor L that should be employed?
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-62851.pdf
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment