|
Title: Suppose firms A and B each make T-shirts. Firm A's production function is q = L K . Firm B's ... Post by: Mairoon on Oct 18, 2017 Suppose firms A and B each make T-shirts. Firm A's production function is q = L K . Firm B's production function is q = 1.2 * L K . If the two firms each hire the same amounts of capital and labor, compare the two firms in terms of APL and MPL.
Title: Re: Suppose firms A and B each make T-shirts. Firm A's production function is q = L K . Firm B's ... Post by: Chronos on Oct 18, 2017 Content hidden
|