Question #73879
Given the production function Q = 30K 0.7 L 0.5 and input prices r = 20 and w = 30.
( a) Determine an equation for the expansion path
( b) What is the efficient input combination for an output rate of Q = 200? For 500?
1
Expert's answer
2018-02-27T09:36:08-0500
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