Question: George produces computer software ( user friendly ) . His firm's production function is Q = 1 K + 2 L , where Q is
George produces computer software user friendly His firm's production function is QK L where Qis the programs, K is capital employed, and L is the labour used.
If George faces factor prices of Pk and Pl the cheapest way to produce Q is:
Part : By using how many units of capital?
Part : By using how many units of labour?
If George faces factor prices of Pk and Pl the cheapest way to produce Q is
Part : By using how many units of capital?
Part : By using how many units of labour
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