Bens bonanza is a firm in this competitive market for x the


Ben's Bonanza is a firm in this competitive market for x. The firm's production function is x = <^1/4 L^1/2, where K = number of units of capital employed and L = number of units of labor employed. The trice of both inputs is 1. In the short run, assuming the firm has only 81 units of capital with which to work, show that the firm's short run profits are approximately 146.

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Business Economics: Bens bonanza is a firm in this competitive market for x the
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