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Business, 14.12.2019 03:31 whitlee

Rikell company produces helmets using labor (l) and capital (k). its production function is given by the following expression: q =min{ 44 l , 69 k} where q is the output of helmets. the prices of labor (pl), capital (pk), helmet (p) and the cost (c) are the following: pl=61, pk=5, p=38 and c=3,522 what is the profit maximizing amount of capital that rikell should hire ?

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Rikell company produces helmets using labor (l) and capital (k). its production function is given by...
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