Home / Questions / Afirm has production function q 10L^0.5)*K^0.5, where L05 means L raised to the 0.5
Afirm has production function q=10"(L^0.5)*(K^0.5), where "L"0.5" means "L raised to the 0.5 power," and the same applies to the K term. (The reason for this is that canvas doesn't understand the usual way of writing a power function.) In the short term, capital K is fixed at 9. 2(a) What is the multiplicative constant term in the firm's short run inverse demand for labor? Question 6 1 pts 2(b) What is the multiplicative constant term in the firm's short run direct demand for labor? Question 7 1 pts 2(c) What is the multiplicative constant term in the firm's long run inverse demand for labor?
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