For a firm with the production function Q (K, L) = 3 ln K + 2 ln

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For a firm with the production function

Q (K, L) = 3 ln K + 2

ln L, find the optimal ratio of capital to labor if the price of capital is 4 and the price of labor is 6.

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:22 AM

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For a firm with the production function Q (K, L) = 3 ln K + 2 ln

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Optimality requires MP L M...View the full answer

Microeconomics and Behavior

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