Question:
A firm has production function π¦=πΎ 0.5πΏ 0.5 and faces wage rate π€=4 and rental rate of capital π=4. The firmβs marginal cost is equal to ______ (in integer).
A firm has production function π¦=πΎ 0.5πΏ 0.5 and faces wage rate π€=4 and rental rate of capital π=4. The firmβs marginal cost is equal to ______ (in integer).
Updated On: Oct 1, 2024
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Correct Answer: 8
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The correct answer is: 8
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