question archive A company produces output q = Ukh, where K is the amount gof capital and L is the amount of labor used to produce quantity g of output
A company produces output q = Ukh, where K is the amount gof capital and L is the amount of labor used to produce quantity g of output
Subject:EconomicsPrice: Bought3
A company produces output q = Ukh, where K is the amount gof capital and L is the amount of labor used to produce quantity g of output. If the unit price of capital is r=8 and the unit cost of labour is w=12, find the cost function of the company. Consider fixed costs. 120.
