If a firms production function is given by Q = 700Le 0.02L find the value of L

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If a firm’s production function is given by
Q = 700Le^−0.02L
find the value of L that maximises output.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 09:32 AM

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If a firms production function is given by Q = 700Le 0.02L find the value of L

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Step 1 dQ dL 700ZX002e0021 700xe0021 002...View the full answer

Mathematics for Economics and Business

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