Production Function question

classic Classic list List threaded Threaded
2 messages Options
Sia
Reply | Threaded
Open this post in threaded view
|

Production Function question

Sia
Reply | Threaded
Open this post in threaded view
|

Re: Production Function question

Abhitesh
Q=L/2a=K/4b
=>L=2aQ; K=4bQ
So, cost C=wL+rK = 2(waL+2rbK)Q

Cross-check options