Marketing strategy: Text and cases (7th ed.) South-western.
Unit 4 Complete
Q is the output level. L* is the optimal amount of labor. K* is the optimal amount of capital. The price of labor is $90 per unit. The price of capital is $15 per unit.
Q | L* | K* |
120 | 5 | 20 |
180 | 7 | 7 |
240 | 12 | 24 |