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A firm producing hockey sticks has a production function given by q=2(kl)1/2 In the short run, th

Economics
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A firm producing hockey sticks has a production function given by q=2(kl)1/2

Caculate the firm's total costs as a function of q, w, v and k0 f. Given q, w, v, how should the capital stock be chosen to minimize total cost? Use your results from (f), what is the long-run total cost of hockey stick production?

Apr 17th, 2015

Q=kl

q = 2(kl) 1/2

f=w(0) v/2

The f(x) gives the most significant production approach to curb cost 

Apr 17th, 2015

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Apr 17th, 2015
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Apr 17th, 2015
May 27th, 2017
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