Question

A firm's production function is
given by Q=80KL Unit capital
and labour costs are $2 and
$1 respectively. The firm is
Contracted to produced 400 units of output and wants to fulfill this Contract at Minimum cost.
a. Explain the briefly Why the
Lagragian function is
g (kL lamda= 2K 4 L+K lamda(50 +KL)​

Answer 1

Step-by-step explanation:

firm's production function is

given by Q=80KL Unit capital

and labour costs are $2 and

$1 respectively. The firm is

Contracted to produced 400 units of output and wants to fubriefly Why the

Lagragian function is

g (kL Landa ki to find a person who can help you in english to get a person to find out the world to be in a new job in english to find the evening of deplition and the end= 2K 4 L+K lamda(50 +KL)