Nine mansions need to be build what is its cost-minimizing


Q(K,L) = K1/3L1/3 Labour cost: w = $10 Capital rental cost: v = $160

  • Nine mansions need to be build.. What is its cost-minimizing choice of Capital and Labour? (What is the objective function? What is the constraint?)
  • What is the cost equation. How much does it cost to build the 9 mansions?

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Business Economics: Nine mansions need to be build what is its cost-minimizing
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