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3. A firms production function is O(L.K)=L1/4K 1/2 where L is labor and K is capital. Let w denote the per unit price of lab

Please show all of your math, and make sure that your handwriting is clear.

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Answer #1

Page - Q = Lake Mic- do = į k AMPK = do. I t = w = 8 - K= Q wl - 3[o he] & From E D To ar me fol e cost = CRTC = Whirk WIN Twoya + 8Q (c) is correct option.

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