question archive suppose a firm faces the production function q= 0
suppose a firm faces the production function q= 0
Subject:EconomicsPrice: Bought3
suppose a firm faces the production function q= 0.8k^0.4l^0.3, it sells its output at a fixed price of 450 birr unit and can buy k and l at 15 birrs per unit and 8 birrs per unit respectively. then what input mix will maximize profit?
