q= K^1/3 L^1/3 w=$2, V=$16, k=27, p=$32 a)what's the firm level of labor and profit? b)what'd...

q= K^1/3 L^1/3 w=$2, V=$16, k=27, p=$32

a)what's the firm level of labor and profit?

b)what'd you suggest for adjustment of short-run and future amount of K and L?

Expert Solution

Rahul Sunny answered 6 months ago

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