livyf2932 livyf2932

02-06-2023
Business

contestada

A firm has a short run production function Q=A K
ˉ
0.5L 0.5
, where A is technology, K is capital set at level of 4 , and L is Labor. The price of labor is W, and the price of capital is r. The price of output is p. Please derive firm's demand for labor, and express it as a function of wage.

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