SM 3. A firm uses capital K, labour L, and land T to produce units of...

Question

Question

SM 3. A firm uses capital K, labour L, and land T to produce units of a commodity, where Q=K2/3+ 1/2+/3 Suppose that the firm

Answer 1

Answer #1

Answer-3 Profit (2) = TR -TC where TR = Total Revenue = pa - TC = Total Cost = rk + WL + QT => Brigit() = P(KFL+TS) -(rk + WL

Answer 2

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