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q = K^1/2 L^1/2 p=$20, v=$8, w=$4 a) suppose k= 16, find short-run total and marginal...

q = K^1/2 L^1/2 p=$20, v=$8, w=$4

a) suppose k= 16, find short-run total and marginal costs, and also firm supply function. Find the price that the firm shuts down its production.

b) find firm profit maximization demand function and short-run supply function

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Expert Solution

Rahul Sunny answered 6 months ago
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