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Question 9 A firm is the ONLY operator in the market place. They control price through quantity. There cost function is given

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Ques tion q A finm is ithe Only oaniator i the manked place. Mears this birm acts as a monoplis t · Now,the Cost benction isQues fion 8:- f the finm sh The Produ chon fuction = min (2ks 52) =Y E(K,L) NOW, WC fructión, Can See brom the Production thathen k mst bc!- भ L= 2 Sपस wi know and iso cost line 15L+30k for isoquant 2, suppose L= 4, then mes t be wc know 10 Scanned woutbuteupansion path cak-SL) TO Q2 tes Scanned wh CamScanner

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