Suppose the production function of a firm is q100k12 l12


Suppose the production function of a firm is Q=100k^1/2 L^1/2. the corresponding long run cost curve was found to be TC=(Qw^1/2r^1/2)/50. Use this information to verify that Shephard's Lemma works when deriving the input demand functions.

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Microeconomics: Suppose the production function of a firm is q100k12 l12
Reference No:- TGS0947875

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