Answer to Question #227077 in Microeconomics for Janitha navoda

Question #227077

40LK-10L²-5K²

Expert's answer

"40LK-10L^2-5K^2"

Assuming "K=1",

We get:

"40L-10L^2-5"

"10L^2-40L+5=0"

Solving the above equation quadratically,

"L=\\frac {40+(1400)^\\frac{1}{2}}{20}"

"L=4"

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. SUMMARIZE THE TEXT BELOW IN NOT MORE THAN 20 WORDS. In the course of working my way through school,
2. In a certain market, the demand for peach was given as QD = 400 -3P, the first day of marketing in
3. Explain the Law of diminishing return and why is it applicable especially in agriculture sector? wit
4. Fixed cost is 400, firm's average total cost is 3 , and average variable cost is 2.50 it's
5. In a perfectly competitive market, A. there can be few or many buyers and sellers. B. government
6. Which one of the following statements is incorrect? Under perfect competition A. average revenue i
7. Nimbus, Inc., makes brooms and then sells them to customers. Here is the relationship between the nu