Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

A perfectly competitive firm’s production function is q = 2L¹/² . If it is also perfectly competitive in the labor (input) market, which of the following represents its labor demand function?

A. Lᵈ = w / P
B. Lᵈ = [ P / w ]¹/²
C. Lᵈ = [ P / w ]²
D. Lᵈ = P / w

Sagot :

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.