6. An efficient small firm has production function q(k, 1) = k1/411/2, and the unit costs...

 

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6. An efficient small firm has production function q(k, 1) = k1/411/2, and the unit costs for capital and labor are v = 2 and w=3. Find its supply set assuming that there is a limit L on its production level. 6. An efficient small firm has production function q(k, 1) = k1/411/2, and the unit costs for capital and labor are v = 2 and w=3. Find its supply set assuming that there is a limit L on its production level.

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Answer Given data production function 9K1 K42 V2 3... View the full answer