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Home Q & A Board Other Fields Homework Help Business Economics
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MrGrimey MrGrimey
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6 years ago
Suppose a perfectly competitive firm's production function is q = L0.2K0.6 and it takes the wage and price as given. Then the firm's long-run demand for labor as a function of K, w, and p is
A) p5((0.2/w)2(0.6/r)3).
B) p5((0.2/w)4(0.6/r)5).
C) p5((0.2/w)5(0.6/r)4).
D) p5((0.2/w)3(0.6/r)2).
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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6 years ago
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4 years ago
Thank you!
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