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ECO - M&O Construction

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solution


Question

Question;M&O Construction has the production function Q=6L+36K. The price of capital r=$30.a) What would the price of labour (w) have to be in order for the firm to choose to use both capital and labour as inputs?b) Suppose w=6 and target output is 720. What is the optimal choice of L and K for this firm?

 

Paper#56739 | Written in 18-Jul-2015

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