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Production Function, Least-Cost Combination of Resources, and Profit Maximizing Level of Output

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Principles of Mathematical Economics II

Part of the book series: Mathematics Textbooks for Science and Engineering ((MTSE,volume 4))

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Abstract

Assume a firm has the production function \(Q = 2.5 K^{0.4} L^{0.5}.\)

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Correspondence to Shapoor Vali .

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Vali, S. (2015). Production Function, Least-Cost Combination of Resources, and Profit Maximizing Level of Output. In: Principles of Mathematical Economics II. Mathematics Textbooks for Science and Engineering, vol 4. Atlantis Press, Paris. https://doi.org/10.2991/978-94-6239-088-1_10

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