Question: George produces computer software ( user friendly ) . His firm's production function is ( mathrm { Q } = 1 mathrm
George produces computer software user friendly His firm's production function is mathrmQmathrm~Kmathrm~L where Q is the programs, K is capital employed, and L is the labour used.
If George faces factor prices of mathrmPk and mathrmPI the cheapest way to produce mathrmQ is:
Part : By using how many units of capital?
Part : By using how many units of labour?
If George faces factor prices of mathrmPk and mathrmPl the cheapest way to produce mathrmQ is
Part : By using how many units of capital?
Part : By using how many units of labour?
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