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A firm production function is given by q =f(k,l) = k·l. This firm demand equation for capital input k, in terms of q, w, and v, is given by the following equation: k* = [q(w/v)]n, where power n is equal to [n]. (NOTE: write your answer in number format, with 2 decimal places of precision level; do not write your answer as a fraction. Show all steps.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91720565

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