A firm produces high end computers. The firm's production function is equal to the following.
The firm uses assembly machines, K, and workers, L, to build computers. The firm has 9 assembly machines at a cost of $10000 per assembly machine. Workers are paid $900. The firm sells the computers at a price of $18000 per computer. Determine the number of workers employed, the numbers of computers the firm sells, and the profit the firm earns.
Please explain the answer so I better understand the concept
Dear Student,
Please find below answer to your questions
--------------
Hope my answer have cleared all your queries, I really appreciates your positive feedback !!
Thank You !!
--------------
Get Answers For Free
Most questions answered within 1 hours.