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Business, 05.12.2019 20:31 lanakay2006

Afirm’s production function is ) = 1 2 ⁄ k 1 4 ⁄ . find the long-run profit-maximizing values of l* and k* when the wage for labor is w = $10, the rental rate for capital is r = $20, and the price of output is p = $40.

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Afirm’s production function is ) = 1 2 ⁄ k 1 4 ⁄ . find the long-run profit-maximizing values of l*...
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