The shortrun production function of a competitive firm is g.pdf

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The short-run production function of a competitive firm is given by f(L)=6L32 where L is the amount of labor it uses. The cost per unit of labor is 6 and the price per unit of output is 3. What is the firms profit (assuming no other costs). 246496128 QUESTION 10 Suppose that the production function for output is given by F(K,L)=min{2K,L} In the short-run, K is fixed at 15 . If the price of labor is 10 , price of capital is 4 and the price of output is 15 , what is the short-run level of profits? 6090125150.

The short-run production function of a competitive firm is given by f(L)=6L32 where L is the
amount of labor it uses. The cost per unit of labor is 6 and the price per unit of output is 3. What is
the firms profit (assuming no other costs). 246496128 QUESTION 10 Suppose that the production
function for output is given by F(K,L)=min{2K,L} In the short-run, K is fixed at 15 . If the price of
labor is 10 , price of capital is 4 and the price of output is 15 , what is the short-run level of profits?
6090125150

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