Re: dse 2012 micro

Posted by The Villain on Jan 02, 2014; 7:36pm
URL: http://discussion-forum.276.s1.nabble.com/dse-2012-micro-tp7584483p7584484.html

first find MPl/MPk and equate it to w/r where u get K=4L.Subsitute this in the production function.We get Q/4=L.
Now put values of K and L in terms of Q in cost function C=wl+rk.
Finally we get 2Q.