If two firms A and B use the same labour input, L, their output in the short term is given by Q A 108L and Q B 4L 2 , respectively Find the non zero value of L which produces the same level of output for these two firms ...

108Z 41 Divide both sides by 4 ...

If two firms A and B use the same labour input, L, their output in the short

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If two firms A and B use the same labour input, L, their output in the short term is given by Q_A = 108√L and Q_B = 4L², respectively. Find the non-zero value of L which produces the same level of output for these two firms.

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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 08:55 AM

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